UK Retail Sales Growth Surprises Markets

Is your high street bank ripping you off

Data just released indicates that retail sales in the UK for January rose 0.9% in compared with December. This has surprised markets, which were expecting to fall of 0.3% and is likely to improve sentiment towards Sterling.

Meanwhile, there is renewed optimism that the second bailout for Greece will sail through. Eurozone leaders are now set to meet on Monday to discuss this. Meanwhile, reports indicate that the ECB is set to swap its Greek bonds holdings with new bonds to ensure that it is not forced to take losses in the Greek debt restructuring.

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UK Retail Sales Growth Surprises Markets

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