Goldman Sachs sees space for UK retail stocks rebound

Analysts at Goldman Sachs said in a note Monday that they see space for UK consumer-exposed sectors to pick up.

Firstly, Goldman Sachs believes an improvement in expectations on future financial conditions and consumer confidence, supported by rising house prices in May, should support Retailers. They note that both factors have risen steadily since late 2022. Finally, the analysts state that after recent Pound strengthening, Retailers have space to rise somewhat, although, going forward they don't see the GBP rate as a large driver as the bank's FX strategists are flat in their 12 month forecast at 1.28.

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