This comes on the back of a very strong retail sales number last month but when one delves a little deeper into the figures, one sees a very weak April 2008 figure which made April 2009 look good and similarly a strong May 2008 result has dropped off and this makes May 2009 look bad. Lies, damn lies and statistics- Disraeli.
UK retail sales in May -0.8%, YoY
Source: www.forexlive.com
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