The British pound weakened against other major currencies in the European session on Friday, after U.K. retail sales declined for the first time in five months in October as consumers delayed their spending in the lead up to Black Friday.
Data from the Office for National Statistics showed that the U.K. retail sales fell 1.1 percent on a monthly basis in October, in contrast to the 0.7 percent increase in September. This was the first fall in five months and worse than economists' forecast of 0.1 percent drop.
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