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UBS On-Air: Paul Donovan Daily Audio 'Sense or sentimentality?'
Published 1 week, 5 days ago
Description
UK consumer sentiment improved on the latest reading; but since the financial crisis, sentiment and reality have not been too closely aligned. UK April retail sales were weaker, with a more-than-10% decline in auto fuel sales leading the weakness. UK consumers have options (walking, public transport, flexible working) that can slow fuel consumption when prices rise.