FXstreet.com (Barcelona) - Widespread discounts during Christmas days have not been of much help to reactivate UK's high street sales, as retail turnover continues declining while sales expectations for next month have reached an all time low, according to figures by the Confederation of British Industry.

January's Distributive Trade's Survey has shown a sales balance of -44%; with 16% of retailers reporting higher year-on-year sales volumes in the first half of January, and 63% reporting a decline from January last year. Nevertheless January's balance shows an improvement from the -55% balance in December.

One of the most negative aspects of the survey is sales expectations for February, a balance of 52% of the retailers expect lower year on year sales next month, that is the weakest balance in the survey's history, which started in 1983.