News Headline Summary

UK BRC Sales Like-For-Like (Jan) Y/Y 1.9% (Prev. 0.3%)

- UK retail sales rise strongly in January, boosted by the popularity of tablet computers abd smartphones while cheerier shoppers were also lured by special offers, according to the British Rail Consortium.
- The BRC Director said "people were tempted out by offers and promotions but also treated themselves to full-price and premium products early in January, particularly must have technology items"."These factors, coupled with recovering consumer confidence, have added up to a more successful January than we saw last year", he added.

Reaction details:

- No immediate reaction seen in GBP/USD, trades 1.5757 (-3 pips) last.

Print 00:01, 05 Feb 2013 - Asian News - Source: Newswires