UK September Retail Sales at 0.0%, GBP/USD keeps the red below the 1.28 mark

UK Retail Sales remained flat MoM in September.
Core Retail Sales rose 0.2% MoM in September.

Haresh Menghani FXStreet

The UK Retail Sales came in flat month-over-month in September, as expected, but was still better than the previous month's downwardly revised reading of -0.3%. Meanwhile, the Core Retail Sales, stripping the auto motor fuel sales, unexpectedly recorded a modest growth of 0.2% MoM as compared to 0.3% decline recorded in the previous month.

On an annualized basis, the UK Retail Sales rose 3.1% in September versus 3.2% expected and +2.6% prior, while the Core Retail Sales advanced 3.0% in the reported month versus +2.8% expected and +2.2% previous.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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