Pound dips lower after softer UK retail sales once more ...Middle East

It is another month of disappointment for UK retail sales activity, with the data here missing on estimates significantly once again. ONS cites retailers as saying that cost of living pressures, reduced footfall, and wet weather in the second-half of October to have contributed to the monthly decline. But it seems to be the case almost every other month now in the UK, innit?As high inflation continues to grip the economy, households are tightening the purse strings and it is showing up quite markedly in the retail sales data. The pound has taken a dip from around 1.2412 earlier to 1.2380 currently and is closing in on the 100-hour moving average (red line) at 1.2379:Keep above and buyers wil

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