News
🚨 🇬🇧 UK retail sales miss: -0.4% in September vs -0.1% expected
🚨 🇬🇧 UK retail sales miss: -0.4% in September vs -0.1% expected
- 🇬🇧 Retail sales volumes fell 0.4% on the month in September, deeper than the 0.1% dip forecast, after a 0.7% rise in August, per newswires citing the ONS
- 🇬🇧 Excluding fuel, sales dropped 0.7% against -0.1% expected; annual growth slowed to 0.8%, below the 1.0% forecast
FO view: A clear miss that backs this week's run of weak UK household signals, from the slump in confidence to budget nerves, and builds the case for earlier Bank of England easing even as high gilt yields keep fiscal risk in focus.
Not investment advice.