UK RETAIL SALES (JAN) M/M COME IN AT 1.9% SMASHING EXPECTATIONS OF 0.5% THE Y/Y IS 5.3% BEATING EXPECTATIONS OF 4.0%
Yeah right!!! With VAT at 20%, inflation at 4%, general worry throughout the masses, and just after Christmas, of course the high street was buzzing and people were spending.
Looks like the FTSE has realised they are fictious as its dropped back down to 6060 level since they came out. We could have good support around 6030 if we get there today as both the 10 and 20 day trend levels are aroud there.