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Preview - UK Retail Sales Seen Resilient....>

UK DATA
UK DATA: Preview - UK Retail Sales Seen Resilient in Mar
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-UK Retail Sales inc fuel M/M, Bbg cons -0.3%, MNI Median -0.3% vs Feb 0.4%.
-UK Retail Sales inc fuel Y/Y, Bbg cons 4.5%, MNI Median 4.5% vs Feb 4.0%.
-Surveys, in contrast, are less optimistic about the retail industry.
-Both BRC-KPMG and VISA spending surveys point to slower sales in March.
-Consumers more cautious on spending on big-ticket items.
-Online sales seen maintaining upward trend; high street spending under
pressure.

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