UK Retail Outlook Gloomy

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Following yesterday’s weak domestic BRC retail sales data, an update released earlier today indicated that shop price inflation for January eased to almost a two year low. This highlights the dire state of retailers who have kept prices in check to entice cash-strapped customers, and has strengthened market speculation of an additional stimulus by the BoE in the rate setting meeting scheduled for tomorrow.

The procrastination in Greek debt talks continues, with another meeting due later today. However, reports suggest that Greece may be close to clinching the second bailout package from the Troika.

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UK Retail Outlook Gloomy

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