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The Barclays Research Team offers a sneak peek at what to expect from today’s UK retail sales slated for release at 0830 GMT.

Key Quotes:

“Following the weather-related weakness in the March retail sales, we expect a bounce back in April; however, we expect the underlying structural weakness to continue.”

On Wednesday, the UK Confederation of British Industry (CBI) released the realized reported sales data, which came in at 11 versus 5 expected. This release serves as a proxy for the UK retail sales report due later on Thursday.