“While we still expect to see decent growth in the near term, the pressures on retail activity are likely to increase during 2017, as the impact of sterling’s depreciation feeds through. With higher inflation beginning to weigh on households’ purchasing power, consumption patterns are likely to shift, creating winners and losers across the retail landscape.”
From the UK, tomorrow, Public Sector Net Borrrowing data will be released. Increase to 11.5 billion pounds is anticipated. In the US session Existing Home Sales figures will be published. Analysts predict rate of 5.52 million.
Figures to watch:
Public Sector Net Borrowing (Wednesday 10:30)
Existing Home Sales (Wednesday 16:00)
