Super Thursday Exchange Rates
Today is referred to as Super Thursday buy a lot of the British media. It is the day taht most UK retailers publish their sales figures for December and of course Christmas.
Regardless of the news it will have an impact on finance markets in the UK. With Brexit on the forefront on retailers minds it will be interesting to see what companies publish along with their figures in terms of commentary.
Good figures they will say Brexit has had no effect on consumer confidence and yet lower sales they will say the opposite.
Given the massive change is exchange rates last year its certain that even if sales figures remained the same that profits will be impacted.
The forecasts they may or may not issue with their statements will be the precedence for pricing over the coming weeks and months.
