British Pound futures close lower as weaker UK retail sales offset stronger PMI data.

December British Pound futures closed mildly lower on Friday, marking the second down session in the last seven. UK retail sales fell more than expected in September, dropping 0.4% versus expectations for a 0.1% decline. The retail slump added to concerns about consumer spending, but stronger manufacturing and composite PMI data increased expectations for a potential Bank of England rate hike in November. The Bank of England's rate decision could provide support for the British pound if the Federal Reserve leaves rates unchanged next week.