GBP/JPY continues to rise for the second consecutive day, trading around 195.90 during the Asian session.

The United Kingdom (UK) Retail Sales rose 0.3% over the month in September after rising 1.0% in August, the latest data published by the Office for National Statistics (ONS) showed Friday.

The Pound Sterling (GBP) outperforms its major peers on Friday due to stronger-than-expected United Kingdom (UK) Retail Sales data for September.

China’s faltering economic growth slowed in the last quarter, official data released on Friday showed, although the slowdown was not as steep as feared.

London stocks were set to fall at the open on Friday after data showed that economic growth in China slowed, and as investors mulled better-than-expected UK retail sales figures.

London stocks fell in early trade on Friday after data showed that economic growth in China slowed, although UK retail sales figures were better than expected.

London stocks were still weaker by midday on Friday after data showed that economic growth in China slowed, although UK retail sales figures were better than expected.

The EUR/GBP cross loses traction to around 0.8305 on Friday during the early European trading hours.

China economic activity remains sluggish and is undershooting this year's 5% growth target.

Q3 GDP growth eased to 4.6% y/y from 4.7% in Q2; Q3 q/q growth accelerated to 0.9% from 0.5% prior.

The data comes after a flurry of recent announcements from authorities as Beijing seeks to boost consumption and support its flagging real estate sector.

Beijing has faced public scrutiny over its ability to meet its own annual growth target of "around 5%."

China’s economy expanded at an annual rate of 4.6% in the third quarter of 2024 after growing 4.7% in the second quarter, the official data published by the National Bureau of Statistics (NBS) showed on Friday.

Gold price hit a record high during the North American session on Thursday, yet it failed to hit $2,700 amid uncertainty around US elections.

More data suggesting the Fed's super-sized cut was a mistake or a political move. | Economy

The Dow Jones Industrial Average (DJIA) found a new all-time high on Thursday, bolstered by investors piling back into the AI stock rally and gaining over 200 points from the day’s opening bids.

Oct. 17 (UPI) -- Retail sales in September beat out Wall Street's forecast, increasing a seasonally adjusted 0.4% in the month, topping the unrevised total of 0.1% in August, the Commerce Department said on Thursday.

Stocks rose Thursday as investors digested strong retail sales data and more earnings.Retail sales data showed US consumer spending remains robust, with

Retail sales in the United States accelerated in September, according to government data released Thursday, a positive sign for consumption as the election approaches. Overall sales rose 0.4 percent to $714.4 billion between August and September, according to Commerce Department data, beating analysts' expectations.

Retail sales in the United States accelerated in September, according to government data released Thursday, a positive sign for consumption as the election approaches. Overall sales rose 0.4 percent to $714.4 billion between August and September, according to Commerce Department data, beating analysts' expectations.

According to the US Census Bureau, retail sales in the US increased by 0.4% to reach $714.4B in September.

Consumer spending held up in September, underscoring a resilient economy.

Gold (XAU/USD) breaks to a higher highs in the $2,690s on Thursday despite suffering a temporary pull-back following the release of higher-than-expected US Retail Sales data. The data had the effect of strengthening the US Dollar (USD) which puts pressure on Gold since the two are negatively correlated.

The Pound Sterling (GBP) struggles to return above the psychological figure of 1.3000 against the US Dollar in Thursday’s New York session.