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UK consumer confidence improves but still negative

Staff Writer |
Consumer confidence in the UK showed mild improvement in January, the latest survey from GfK revealed with an index score of negative 9.

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That beat expectations for negative 13, which would have been unchanged from the December reading - although it remain in negative territory, which signals that pessimists outnumber optimists.

Also on Wednesday, the British Retail Consortium said that shop prices fell 0.5% on year in January.

That was shy of expectations for a decline of 0.4%, although it was up from -0.6% in December.

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