LONDON, Nov 22 - The British pound experienced a decline on Friday, following the release of data indicating a significant decrease in retail sales for October, which exceeded analysts' expectations. This downturn raises concerns that if similar trends are observed in other economic indicators, the Bank of England may adopt a less cautious approach towards potential interest rate cuts.
As of the latest reports, sterling was down 0.22% against the U.S. dollar, trading at $1.2566, marking its lowest value in six months. Additionally, the pound weakened against the euro, which gained 0.16% to reach 83.35 pence.