UK: CBI sales data eyed to determine the severity of the Brexit shock - TDS

Research Team at TDS, suggests that the UK CBI reported sales data for August is normally second-tier or third-tier, but will be watched more closely than usual through the second half of 2016.

Key Quotes

“As markets look for whatever information they can get their hands on to determine the severity of the Brexit shock. July saw reported sales fall by 18pts to -14, while actual retail sales were quite strong that month, so perhaps not the most reliable survey.”