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3 minutes read
Data reporting on the UK economy maintained this week’s positive tone yesterday as Markit Services data exceeded market consensus for October and improved on the previous published data. As for Sterling though, we witnessed somewhat of a mixed day versus its two most traded counterparts. The Pound pushed the Dollar…
by Jamie Team
2 minutes read
The Bank of England could be suffering from yet another headache as falling shop prices reinforce deflationary pressures in the UK. The BRC (British Retail Consortium) reported that shop prices in September were 1.9% lower than 12 months earlier – food prices also dropped by 0.5%. Within the food retail…