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UK Retail Sales ex Fuel YoY (Dec) Y/Y 3.1% vs. Exp. 1.4% (Prev. 2.6%, Rev. From 1.2%, Low. 0.8%, High. 2.2%)

UK retail sales ex-fuel have significantly outperformed expectations at 3.1% year-over-year, compared to the anticipated 1.4%.

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Additional European Equity News

BoJ Governor Ueda (post-policy presser) says April price behaviour is a factor to mull a rate hike. The impact of any sales tax abolition would be hard to gauge.

UK Retail Sales ex Fuel YoY (Dec) Y/Y 3.1% vs. Exp. 1.4% (Prev. 2.6%, Rev. From 1.2%, Low. 0.8%, High. 2.2%)

BoJ Governor Ueda (post-policy presser) says, must pay attention to even small FX moves as underlying inflation approaches 2%

BoJ Governor Ueda (post-policy presser) says will conduct nimble market operations to respond to irregular moves; will work closely with the government on long-term rates. Operations could be conducted to encourage stable yield formation.

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This notable beat indicates stronger consumer spending, which may suggest improving economic conditions and could influence future monetary policy considerations in the UK.

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