Pound Falls to 5-Month Low Against Euro on Weak UK Retail Sales

The pound fell to its weakest level against the euro in 5 months due to weak UK retail sales data.

Euro climbed to 87.40 pence, its highest since May, amid broad pound weakness.

Pound is sensitive to swings in sentiment and has fallen alongside assets like stocks recently.

UK retail sales volumes dropped 0.9% in September, more than expected, adding to economic concerns.

Pound also dipped vs dollar, holding above 6-month low, and hit new 2022 lows against safe havens like Swiss franc.