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  • The UK Retail Sales came in at  2.1% MoM in February.
  • Core Retail Sales for the UK rose by 2.4% MoM in February.
  • The cable keeps its range above 1.3750 on mixed UK Retail Sales.

The UK  retail sales  came in at 2.1% over the month in February vs. 2.8% expected and -8.2% previous. The core retail sales, stripping the auto motor fuel sales, stood at 2.4% MoM vs 1.9% expected and -8.8% previous.                    

On an annualized basis, the UK retail sales dropped by 3.7% in February versus -3.5% expected and -5.9% prior while the core retail sales fell by 1.1% in the reported month versus -1.5% expectations and -3.8% previous.

more to come …