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.

Credit Suisse Economist Sees Two More Fed Hikes This Year
33:59 - James Sweeney, Credit Suisse chief economist, discusses the U.K. triggering Article 50 and the outlook for Fed policy with Bloomberg's Stephen Engle at the Credit Suisse Asian Investment Conference in Hong Kong. (Source: Bloomberg)
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