RETAIL sales data from the British Retail Consortium due out this week is expected to show decent sales growth due to the fact that Easter occurred at the very beginning of April this year.
The report will also show that UK consumers are highly unlikely to hold back on making purchases due to the possibility of future falling prices.
Data out tomorrow is likely to show that the UK experienced mild deflation in March with consumer prices edging down 0.1 per cent year on year. The dip into marginal deflation is expected to have been the consequence of ongoing weakness in food prices and to more utility price cuts kicking in.
The corporate calendar includes updates from Michael Page International, Ashmore Group and Johnson & Johnson tomorrow.
On Wednesday, Burberry Group, JD Sports, Fresnillo and Jupiter Fund Management will report to the market.
Unilever, Diageo, Debenhams, Persimmon, SAB Miller, Citigroup, WH Smith, Goldman Sachs and American Express will all release figures on Thursday.