ForexLive North American Wrap: S&P Lowers UK outlook

S&P cuts UK outlook to negative US retail sales +0.3% vs +0.5% exp US initial jobless claims 343K vs 372K Obama/Boehner to meet at 1700 GMT on cliff PPI +1.5% y/y vs +1.8% exp Canadian new house price index +0.2% vs +0.1% exp Fed extends swap lines with global central banks Westpac calls for another Australian rate cuts US business inventories +0.4%, as expected BOE's Fisher says stronger pound “not helpful” Reuters: Berlusconi proposed that Monti should lead a center right coalition in coming election S&P 500 down 0.6% to 1419 CHF leads, JPY lags