UK consumer activity in trouble

Ai Hui Cha, October 20th: The financial website Forexlive stated that the retail sales data released today was weaker than expected, which once again proves that consumer activity in the UK is in a difficult situation. Although according to estimates from the UK Office for National Statistics, inflation is decreasing, it is uncertain whether this will translate into actual consumer activity. However, we can see that the difference between retail sales and retail sales has not yet narrowed. Affected by the data, the pound fell further against the US dollar, as this reinforced the notion that the Bank of England may find it difficult to turn to rate hikes again after the recent pause.