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🇬🇧 UK retail is printing at lockdown-era levels and two Bank of England members still want to hike
The day in view

🇬🇧 UK retail is printing at lockdown-era levels and two Bank of England members still want to hike

Macro Soup Newsroom Macro Soup Newsroom 2 min read

June's CBI Distributive Trades Survey printed −54, its weakest reading outside Covid lockdowns, while the Bank of England holds at 3.75% with two MPC members pushing to hike to 4%.

Line chart of retailers' sales volume balance (% balance) from 2010 to 2026 with reported purple line, expected diamonds, and average dotted line.
CBI Distributive Trades Survey shows UK retail sales volumes below seasonal norms to the greatest extent in over two years. Source

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