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Jan 20 2020, 07:10 GMT
Poor UK retail sales in December, down across the board, meant that Q4 saw the sharpest decline in two years, leading investors to place a 70% probability of a rate cut at the Bank of England’s January policy meeting. However, a deep persistent slowdown in UK consumer spending in 2020 looks unlikely given reduced Brexit uncertainty and wages once again outstripping weak CPI inflation.
Jan 20 2020, 07:10 GMT