retail sales beat forecasts<\/a>, rising 0.5% MoM, up from -0.3% decline in August. Eurozone retail sales are also expected to rise 0.3% MoM up. Sales are set to rise despite challenging conditions for the consumer.<\/p>\nECB speakers will be in focus later.<\/p>\n
The pound is edging lower as more data points to a gloomy outlook. Kantar’s noted that grocery inflation rose to 14.7% YoY in October.<\/p>\n
Meanwhile, businesses are growing nervous as more consumers are saying that they will rein in spending this festive period as the cost-of-living crisis bites.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is edging lower after strong gains yesterday. Italian retail sales beat forecasts, rising 0.5% MoM, up from -0.3% decline in August. Eurozone retail sales are also expected to rise 0.3% MoM up. Sales are set to rise despite challenging conditions for the consumer. ECB speakers will be in focus […]<\/p>\n","protected":false},"author":163946598,"featured_media":4900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":["post-113384","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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