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US retail sales out later- Morning outlook 16th January

We have the ECB minutes out later. In the past they had not given us much more than had already been said, that was up until the time that Draghi failed to tell the truth and the minutes became more relevant. We have the first set under Lagardes chairmanship so they may have more focus.

Later we have the US retail sales. We have seen a lot of misses from US data so there will be quite a bit of focus on these.

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