Tim Harrison, head of wealth management at Linear Investments, still thinks the UK is in “rude health”, despite an unexpectedly sharp fall of 0.8% in retail sales last month.
“I think the UK is in pretty rude health but, that being said, this data obviously does show a stark decline in spending,” says Harrison in Thursday’s London Finance Show.
“There are a lot of excuses as to why [the data disappointed] but it will be interesting to see when the next figures come out as to whether or not it is an anomaly.”
Elsewhere, Harrison discusses Chinese GDP data; Unilever’s Q3 update; AIM-listed Plexus Holdings; currency markets; Credit Suisse’s downgrade of L’Oreal; ‘sky high’ market expectations; and the UK’s booming fintech industry.