UK retail sales slide in September
IHG falls on slower quarterly net unit growth
FTSE 350 Real Estate Stocks lowest since Sept 2022
FTSE 100 down 0.2, FTSE 250 off 0.6

Oct 20 Reuters The UK39;s FTSE 100 moved lower on Friday as mining stocks fell on weak copper prices and a rise in longterm bond yields kept investors away from risky assets, while data showed a bigger than expected drop in September retail sales.

The main FTSE 100 index was down 0.2 by 818 GMT, on track for weekly declines of 1.5. The FTSE 250 index also lost 0.6 and was set for its fifth consecutive weekly fall.

An overnight surge in the 10year U.S. benchmark yield to briefly touch 5 after Federal Reserve Jerome Powell highlighted the strength of the U.S. economy has raised borrowing costs across the world.

Industrial metal miners slipped 1.5, leading sectoral declines as copper prices were hurt by a stronger dollar.

Meanwhile, data showed British retail sales fell more than expected in September.

The UK retailers39; index fell 1.1 after the data while the sterling weakened against the U.S. dollar.

Rising prices and broader costofliving pressures have prompted consumers to cut back on nonessential shopping, said Victoria Scholar, Head of Investment, interactive investor.

Todays figures highlight the sluggish consumer backdrop that is contributing to a weak economy.

Top gainer precious metal miners added 1.1 as the Middle East conflict lifted demand for the safehaven asset.

FTSE 350 real…