U.K. retail sales surge in October, Pound up

Source: Forexpros
© Scanpix/FP
U.K. retail sales advanced more than expected in October, jumping to the highest level in three months, the Confederation of British Industry showed on Tuesday. The retailers' index soared 24.0 points to a final reading of 30.0 points, compared to 6.0 in September. Economists had forecast a 1.0 point increase. Following the data, GBP/USD gained 0.25% to 1.6073. 

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