UK: Upside risks for retail sales report - TDS

Analysts at TD Securities note that the UK’s Visa expenditure data for the UK points to upside risks to both market consensus and their forecast for Thursday's retail sales report.

Key Quotes

“While usually an accurate predictor of retail sales, Visa's expenditure data under-predicted July's spending by quite a margin, so it's possible that the predicted bounce back in August may not appear in the hard data later this week.”