UK retail sales delivered a sharp downside shock in October, falling –1.1% mom, well below expectations of a modest 0.1% increase. It was the first monthly decline since May and reflected broad weakness across supermarkets, clothing, and online retailers. Some retailers suggested that consumers deliberately postponed purchases in anticipation of Black Friday promotions, magnifying the […]
The post UK retail sales slump -1.1% mom in October as shoppers hold off for Black Friday appeared first on Action Forex.
