GBP
British retail sales rose at the fastest pace in three months in February,
beating expectations and suggesting Britain’s consumer-led economic recovery
remains strong ahead of national elections in May. Retail sales rose 0.7
percent last month, their best growth since November and up from 0.1 percent in
January, the Office for National Statistics said on Thursday. 

Falling shop prices declined at the fastest rate since at least

GBP
British retail sales rose at the fastest pace in three months in February,
beating expectations and suggesting Britain’s consumer-led economic recovery
remains strong ahead of national elections in May. Retail sales rose 0.7
percent last month, their best growth since November and up from 0.1 percent in
January, the Office for National Statistics said on Thursday. 

Falling shop prices declined at the fastest rate since at least
1997 encouraged Britons to hit the shops in February, with furniture
selling particularly well. A separate Confederation of British Industry
survey showed retail sales grew at a solid pace this month as well, which will
cheer Prime Minister David Cameron’s Conservative Party ahead of a
closely-fought election on May 7.

USD
The us economy was boosted by another impressive jobs figure after fewer
Americans than forecast filed applications for unemployment benefits last week
as improved weather conditions ushered in labour market
stabilisation.Jobless claims fell by 9,000 to 282,000 in the seven days ended
March 21, the lowest level since mid-February.

A sustained low level of applications, which shows that employers are holding
on to workers, typically coincides with more hiring. Continued gains in
employment was one of the two signals, along with a pick up in inflation, that
Federal Reserve officials last week said were necessary before raising rates.

Key
Announcements
USD :12:30  -US  Annualised Gross
Domestic Product (Q4) expected to fall to 2.4% from 5.0%

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