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29 Dec 2014
UK Boxing day sales might boost GDP in 2015 – Investec
FXStreet (Barcelona) - The Investec Team notes that the £748m sales on Boxing Day might help boost UK’s GDP and retail figures at the start of 2015.
Key Quotes
“Today is spot value month end and with the absence of any meaningful data we expect the day to be flow driven, particularly with very illiquid Christmas markets.”
“Greek elections today have the potential to rock the Euro, but it is more likely that the market will pay attention to this when the new year begins.”
“Annual Boxing day sales from the UK according to data firm Experian and online retailing trade association IMRG say internet shoppers are expected to have spent £748m on Boxing Day, or £519,000 a minute. They also predict some 167 million visits to online retail sites, up 29% on 2013, during the day. This could help boost UK GDP and retail figures at the start of 2015.”
Key Quotes
“Today is spot value month end and with the absence of any meaningful data we expect the day to be flow driven, particularly with very illiquid Christmas markets.”
“Greek elections today have the potential to rock the Euro, but it is more likely that the market will pay attention to this when the new year begins.”
“Annual Boxing day sales from the UK according to data firm Experian and online retailing trade association IMRG say internet shoppers are expected to have spent £748m on Boxing Day, or £519,000 a minute. They also predict some 167 million visits to online retail sites, up 29% on 2013, during the day. This could help boost UK GDP and retail figures at the start of 2015.”