UK Retail Sales rebound 0.3% MoM in July vs. -0.2% expected
- The UK Retail Sales came in at 0.3% MoM in July, a positive surprise.
- Core Retail Sales for the UK jumped by 0.4% MoM in July.
- The cable remains in the red above 1.1900 on the mixed UK data.
The UK retail sales arrived at 0.3% over the month in July vs. -0.2% expected and -0.1% previous. The core retail sales, stripping the auto motor fuel sales, jumped 0.4% MoM vs. -0.2% expected and 0.4% previous.
On an annualized basis, the UK retail sales plunged -3.4% in July versus -3.3% expected and -6.1% prior while the core retail sales fell by 3.0% in the reported month versus -3.1% expectations and -6.2% previous.
more to come ....