UK Retail Sales ex Fuel YoY rose to 1.2%, up from the previous 1.0%, marking a 0.2 percentage point increase. This indicates a higher level of consumer spending compared to the previous period.
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The actual figure surpassed analyst estimates of 1.0%, suggesting stronger-than-expected consumer demand. This positive surprise is likely to boost retail and consumer goods stocks, as higher sales can lead to improved earnings in these sectors. The market impact is expected to be more sentiment-driven in the short term, as investors react to the unexpected strength in consumer spending.