UK retail posted its strongest year-on-year reading in over a year, per the BRC, while ONS vacancies fell to 705,000, the lowest since 2014. The Bank of England is expected to hold Bank Rate at 3.75% on June 18. The labour market has no such reprieve.
UK GDP per capita has significantly trailed Ireland's over the past decade, providing context for the modest 0.6% Q1 expansion. Source
