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UK: Retail sales to post 0.6% gain in December – TDS

Analysts at TD Securities are looking for UK’s retail sales to post a +0.6% MoM gain in December (market 0.4%), reversing their loss of the same size from November.

Key Quotes

“This still leaves UK retail trends looking much weaker than they were in H1 2019, with a 6m growth rate of zero. Despite solid wage growth last year, household consumption continued to slow, with the y/y rate falling to its lowest level since 2012 in 19Q3.”

GBP Futures: upside looks limited

CME Group’s flash data for GBP futures markets showed investors trimmed their open interest positions and volume by just 143 contracts and around 3.5K
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ECB likely to leave rates unchanged – Nordea

According to analysts at Nordea Markets, ECB will leave rates unchanged at Lagarde’s second policy meeting and focus will be on the strategic review.
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