The pound has weakened slightly against the euro and the dollar this morning following a series of disappointing data releases.
Retail sales fell for a fifth consecutive month in September. According to some economists, the petrol crisis is thought to have been partly to blame as consumers spent their free time queuing for fuel rather than in the shops.
It’s a busy day for eurozone data today. Markit PMI was released for the eurozone this morning. PMI for both France and Germany fell overall in September.
The dollar appears relatively unaffected by a mixed bag of data yesterday and is weaker against the euro. Markets now await PMI data this afternoon.
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