By Rob Howard — Oct 20 - 02:25 AM
adds chart
Cable falls to 1.2101 on much worse than expected UK Sept retail sales data
UK retail sales down 0.9% MM vs minus 0.2% f/c; down 1% YY vs minus 0.1% f/c
1.2120-1.2145 was Asia range (pre-UK data). 1.2093-1.2191 was Thursday range
Weak UK retail sales data is blow for hawks advocating another BoE rate hike
BoE's Bailey expects "marked fall" in UK Oct CPI (ING forecasts 5% or lower)
UK by-election news: Labour wins two previously safe Tory seats nL1N3BQ052
Source:
Refinitiv IFR Research/Market Commentary