UK Retail Sales arrived at 0% MoM in February vs. -0.3% expected
|- The UK Retail Sales stood at 0% MoM in February, a positive surprise.
- Core Retail Sales for the UK rose 0.2% MoM in February.
- GBP/USD keeps losses above 1.2600 despite upbeat UK data.
The UK Retail Sales showed no growth over the month in February vs. -0.3% expected and 3.6% registered in January, according to the latest data published by the Office for National Statistics (ONS) on Friday.
The Core Retail Sales, stripping the auto motor fuel sales, rose 0.2% MoM vs. -0.1% expected and 3.4% in January.
The annual Retail Sales in the United Kingdom dropped 0.4% in February versus -0.7% expected and January’s 0.5% while the Core Retail Sales also decreased by 0.5% in the reported month versus -0.9% forecast and 0.5% previous.
Market reaction to UK Retail Sales report
GBP/USD is keeping its downbeat tone intact near 1.2625, despite the upbeat UK Retail Sales data. The spot is trading 0.24% lower on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.