UK DATA: Oct Retail Sales Remain At Low Level
–UK CBI: Oct Reported Sales Balance -11% Vs -15% In Sep
–UK CBI: Nov Expected Sales Balance 4% Vs -14% For Oct
–UK CBI: Oct Orders Volume Balance 1% Vs -16% In Sep
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High street sales volumes remained at low levels in October, but
were less weak than analysts had expected. The CBI’s October
Distributive Trades reported sales balance rose to -11% from -15% in
September, bettering analysts’ median forecast was for an unchanged
outturn.