UK retail sales fell 0.4% month-on-month in September, missing expectations for a 0.1% decline, after a revised 0.7% rise in August, the Office for National Statistics (ONS) reported. GBP/USD edged lower on the data.
GBP/USD trades near 1.3405 after UK September CPI came in hotter than forecast, reinforcing expectations the Bank of England will raise rates next month.
Annual UK consumer price growth climbed to 3.5% in September from 3.1% in August, beating forecasts and reinforcing market expectations that the Bank of England will tighten policy next month, lifting sterling.