U.K. Deflation Worries Soothed; BOE Says Inflation to Rise Later in 2015

Deflation is plaguing the eurozone, but now the United Kingdom is grappling with worries over falling prices. But those fears were squashed as The Bank of England said inflation will drop to 0 percent in the coming months, but will improve during the end of 2015. In December, inflation in the United Kingdom rose just 0.5%. Markets in London reacted positively to the news. TheStreet's Scott Gamm speaks with Chris Beauchamp, senior market analyst at IG Index to discuss the Bank of England's inflation report, which was released Thursday morning, along with how the situation in Greece impacts global markets.