The Olympics bounce didn't materialize after all as an index of retail sales in the U.K. drops...

|By:, SA News Editor

The Olympics bounce didn't materialize after all as an index of retail sales in the U.K. drops to its lowest level in four months. Even more alarming, the report from the Confederation of British Industry tips off that retailers expect business conditions to "deteriorate significantly" over the next three months with the weakest sentiment since February 2009 on display.