- The UK Retail Sales came in at 1.4% MoM in April, an upside surprise.
- Core Retail Sales for the UK rose by 1.4% MoM in April.
- The cable closes in on 1.2500 on the upbeat UK data.
The UK retail sales arrived at 1.4% over the month in April vs. -0.2% expected and -1.2% previous. The core retail sales, stripping the auto motor fuel sales, stood at 1.4% MoM vs. -0.2% expected and -0.9% previous.
On an annualized basis, the UK retail sales slumped 4.9% in April versus -7.2% expected and 1.3% prior while the core retail sales decreased by 6.1% in the reported month versus -8.4% expectations and -0.2% previous.
more to come ….