UK October CBI retailing reported sales -36 vs -14 prior

<ul><li>Prior -14</li></ul><p>That's a poor reading for the monthly retail sales balance as UK retailers suffer the joint-worst October on record, according to CBI. Retailers are seen cutting orders to suppliers and are expected to do so again in November and that does not bode well heading into the winter months. High interest rates and cost-of-living concerns are definitely the problem right now.</p>

This article was written by Justin Low at www.forexlive.com.