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Traders bet on more Bank of England rate cuts in 2025 after data shocks

CNBC
Summary
Nutrition label

86% Informative

Sales volumes fell 0.3% month-on-month in December , the Office for National Statistics said Friday , versus the 0.4% increase forecast in a Reuters poll of economists.

"Cautious spending" dominated during the holiday period, said Nicholas Found , head of commercial content at consultancy Retail Economics .

The disappointing retail data adds to the dim economic picture in the U.K ..

VR Score

94

Informative language

97

Neutral language

69

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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