BIG MISS: UK Retail Sales Plunge In October

harrods

Photo: Flickr Mario Sanchez Prada

More ugly data out of the UK.Retail sales fell 0.8 per cent in October from September.  This was much worse than the 0.1 per cent decline expected by economists.

Bloomberg’s Linda Yueh reports that this is the biggest drop since April.

The British pound is plunging.

SEE ALSO: Photos Of The Mass Austerity Protests Sweeping Across Europe >

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.