Bank of England Governor Bailey said that inflation is expected to show a marked slowdown in November with more gradual decreases to follow.
The U.K. reported a larger than expected decrease in September Retail Sales due in part to warm weather weighing on apparel sales.
InterContinental Hotel Group said that it expects a very strong end to the year.
U.K.’s September Retail Sales -0.9% m/m (expected -0.2%; last 0.4%); -1.0% yr/yr (expected -0.1%; last -1.3%).
September Core Retail Sales -1.0% m/m (expected -0.4%; last 0.6%); -1.2% yr/yr (expected -0.2%; last -1.3%).
September Public Sector Net Borrowing GBP13.53 bln (expected GBP17.60 bln; last GBP10.58 bln)