Pound US dollar exchange rate: GBP/USD steady UK retail sales fall unexpectedly in October

The pound US dollar exchange rate is holding steady today, with the pairing currently trading around $1.284 after UK retail sales growth came in at -0.1 percent in October due to pre-Brexit concerns and easing wage growth. Samuel Tombs, the Chief Economist at Pantheon Macroeconomics, was mixed in his assessment, saying: “Looking ahead, a modest slowdown in wage growth and stagnation in employment look set to dampen growth in spending.”

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