Pound Sterling dropped after data showing that UK Retail Sales declined by almost 1% in September. The decrease in Retail Sales suggests weakening households’ spending, which is the main driver of the UK economy. The Bank of England is widely expected to leave interest rates unchanged.

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China leaves benchmark lending rate unchanged amid better economic data

China kept its benchmark lending rates unchanged at the monthly fixing on Friday, matching market expectations, as a set of economic data suggested the economy is stabilising and a weaker yuan constrained further monetary easing.

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Australian Dollar extends losses on a third day after stronger US data

Fed Powell suggested that the central bank is not planning to raise rates in the short term.

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China’s government bonds to get boost from strong economic data as odds of fiscal stimulus, debt issuance decline

China’s benchmark sovereign bond will probably halt a decline that has pushed its yield to a near five-month high, as better-than-estimated economic figures reduce chances of more fiscal stimulus that would increase debt supply.

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BYD Runs Over Hong Kong Shorts As September Economic Data Beats

Asian equities were largely lower on light volumes.

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