UK Consumers Defy their Budget Worries to Shop More

Retail sales volumes 0.3 mm v Reuters poll 0.3 New iPhone launch and tech spending help boost Sept sales Joint biggest rise in Q3 sales volumes since mid2021 Shoppers still cautious ahead of budget LONDON, Oct 18 Reuters British retail sales unexpectedly rose in September, according to official data published on Friday that contradicted signs […]
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Pound Gets Boost from UK Consumer Spending

LONDON, Oct 18 Reuters The pound rallied by as much as 0.5 on Friday, after data showed UK consumer spending was surprisingly strong last month, offering some reassurance about the strength of the economy, although the currency was still set for its third weekly drop. British retail sales unexpectedly rose in September, according to official […]
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Dollar Set for Third Weekly Gain, Trump Trade Gathers Pace

Dollar steady on US economic resilience, euro sags Chinese yuan eyes further stimulus details Bitcoin gains on 39;Trump trade39; SINGAPORELONDON, Oct 18 Reuters The dollar headed for its third weekly gain in a row on Friday, helped by a dovish European Central Bank and strong U.S. data that is pushing out expectations for how fast […]
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South African Rand Firms, Inflation Print next Week

JOHANNESBURG, Oct 18 Reuters South Africa39;s rand firmed in early trade on Friday, paring some losses from Thursday, ahead of a domestic inflation reading next week which could provide clues on the central bank39;s rate cutting path. At 0630 GMT, the rand traded at 17.60 against the dollar , about 0.4 stronger than its previous close. The […]
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