- Like-for-like sales fell 0.1% y/y (survey 1.3%, prior 1.5%).
- Total retail sales rose 1.1% on the year, slowing from 3.4% in September.
“The disappointing figures are a reminder of the difficult economic realities many are still facing,” said BRC Director Stephen Robertson.
“Falling consumer confidence means people are limiting spending to essential items and are cautious about committing to big-ticket and discretionary buying,” he said.- RTRS
Should keep a lid on GBP/USD for the time being, trading near session highs at 1.5977/80.
