UK: PSNB for April and CBI reported sales due today - TDS

The research team at TDS explains that it’s going to be a day of second-tier data for UK with PSNB for April and CBI reported sales for May.

Key Quotes

“Markets are looking for PSNB ex-banking to come in at £8.7bn, compared to £9.1bn for April last year. For the CBI survey, we’ll be watching a bit more closely than normal this month to try to get a better gauge on retail trends given the extremely choppy hard data recently. Markets are looking for the retail index to fall from 38 to 10 in May, compared to 7 for May last year.”