UK RETAIL SALES GROW, BEAT EXPECTATIONS IN SEPTEMBER
UK retail sales grew by 0.3% in September, exceeding expectations of a 0.4% decline.
In August, retail sales had grown by 1.0%.
The index tracks inflation-adjusted sales at the retail level, including online sales.
Better-than-expected retail sales positively impact the value of the British pound.
Retail sales are an important measure of consumer spending, which drives most of the economy.
