UK CBI distributive trend survey expected to slip a little

Today the UK CBI distributive trend survey is the main focal point and it´s expected to decrease slightly in September.“The consumer sector remains a focus which could ensure a market following for the CBI distributive trends survey,” said Mike Carey, currency strategist at Calyon. “This gained to +12 from +7 last month with generally upbeat readings within the expectations component suggesting little risk of a sharp pull back in this latest reading,” he added.