U.K. Retail Sales Plunge After Demand Decline
U.K. retail sales fell more than economists forecast in October, led by a decline in demand for food and clothing. Sales including fuel dropped 0.8 percent from September, when they gained a revised 0.5 percent, the Office for National Statistics said today in London. The median forecast of 23 economists in a Bloomberg News survey was for a 0.1 percent decline. Food, which accounts for about 41 percent of retail sales, declined 0.6 percent.
Most Recent Videos
How Much Sway Does China Have on the Aussie Dollar?
55:17 - Australia’s dollar tumbled against all of its major peers, while the nation’s shares and bonds rallied after an unexpected interest-rate cut. The yen rose to an 18-month high and Asian stocks were near a two-week low as Chinese manufacturing data added to evidence of a lackluster global economy. Societe Generale Global Head of Rates & FX Strategy Vincent Chaigneau discusses with "On the Move" host Anna Edwards.