UK retail sales rose 5.4% mom in March, well above expectation of 1.50%. Ex-fuel sales rose 4.9% mom, above expectation of 1.3% mom. Over the year, headline sales rose 7.2% yoy, ex-fuel sales rose 7.9% yoy. The strongest growth was in clothing stores, other non-food stores and automotive fuel retailers of 17.5%, 13.4% and 11.1% respectively.
