Sunshine After Gloomy Weather

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­­The UK economy emerged from April's downpour with a hopeful outlook. Retail sales marginally recovered in May, fuelled by falling inflation and brighter weather. The housing market remained resilient too. We’ve talked a lot about central banks this year, without much action, but last week the Eurozone became the first big mover, cutting rates by 25bps. Meanwhile politics remains prominent with the UK parties expected to publish their manifestos this week and the results from the EU Parliament poll prompting a snap election in France.

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