Sterling Little Moved After U.K. Retail Sales Data as Investor Await PMI Figures
Dow Jones14:57
0657 GMT - Sterling remains weaker against the dollar and steady versus the euro, little moved after worse-than-expected U.K. retail sales data. Retail sales fell 0.4% in September after an upwardly revised 0.7% increase in August. Economists in a WSJ survey expected a 0.1% decline. Markets are now looking ahead to U.K. PMI data at 0830 GMT for a further gauge on the health of the economy. Sterling falls 0.1% to $1.3388 and the euro is steady at 0.8373 pounds, both little changed from levels before the data.
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