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On Monday, fresh data showed that China’s factory activity improved marginally in November, although it remained in contractionary territory. The composite PMI slipped to 49.7, signalling ongoing weakness - since readings above 50 indicate expansion, while those below reflect contraction.
On Tuesday, the Confederation of British Industry published a survey showing that confidence among British retailers has fallen compared with a year ago, alongside a slowdown in retail sales. The indicator measuring how retail sales have changed over the past year slipped to -32 in November from -27 in October.
On Wednesday, UK headline CPI for October came in at 3.6%, easing slightly from the 3.8% peak saw through July, August, and September. This marks the first deceleration in price growth in five months.