Sales at U.S. retailers rose less than forecast in November, representing a pause in spending after robust gains in the previous two months. The 0.1 percent advance followed a revised 0.6 percent increase in the prior month that was smaller than initially reported, Commerce Department data showed Wednesday. The median forecast in a Bloomberg survey called for a 0.3 percent gain.
The figures interrupt a trend of solid spending by consumers, who remain a mainstay of the economy in the wake of 2 million hires this year and gradual wage gains. Recent data showing Americans more upbeat about their finances than at any time in 11 years and prevalent discounting may also benefit retailers this holiday-shopping season.
Euro is currently being traded around 1.0640 level, Sterling is above 1.2680 area, while Aussie is at 0.75 handle.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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