Risk on as US retail sales bounce back and hopes of a Brexit breakthrough

US stocks rose sharply in the overnight session following the release of US retail numbers, which showed a bounce back in January. As Phil Dobbie discusses with NAB’s Rodrigo Catril, the markets chose to ignore that there was also a sizeable downward revision to December’s numbers. The pound showed strong growth on news that Theresa May was popping over to Strasbourg for last minute talks, ahead of the vote on her deal tonight. But, before you get too carried away, hear what the Bank of England’s Jonathan Haskel had to say about the next two years. Plus, the NAB Business Survey is out today – will it provide further recovery after December’s big fall in business conditions?

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