The start of this week marks the one year anniversary of the collapse of Lehman Brothers when the financial world was turned upside down. Within a close time span of the collapse of Lehmans we witnessed the ripple effect as Halifax Bank of Scotland was swallowed up by Lloyds; we then saw Bradford & Bingley nationalized and further down the line Lloyds and RBS propped up by the UK government. As we recalled the crisis in UK banks ultimately shook the confidence of sterling to the very core and we experienced a seismic shift in the exchange rates with sterling falling swiftly against the euro! So one year on where do we stand? Well after worldwide economies have injected billions in stimulus to faltering economies we thankfully have experienced some positives on a global scale particularly since June. We have recently witnessed a sustained rally in the equity markets with the FTSE breaking through 5,000 last week for the first time this year. However overall the economic conditions are still far from the pre- Lehman levels and although improvements have ensued we still need to see underlying economic data and consumer data to continue to be positive. This week we have lots of UK and US data to digest. In the UK we have consumer prices, employment data and retail sales- the market will want to see an improvement in spending. In the US we will see housing data, consumer and producer prices and again retail sales. The big one will be retail sales with strong gains expected.