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UK Retail Sales rises 0.9% MoM in Jan vs. +0.7% expected, GBP/USD jumps

  • The UK Retail Sales rise 0.9% MoM in January.
  • Core Retail Sales for the UK jump 1.6% MoM in January.
  • Cable jumps 10-pips on upbeat UK Retail Sales data.

 

The UK retail sales came in at +0.9% over the month in January vs. +0.7% expected and -0.5% previous. The core retail sales, stripping the auto motor fuel sales, stood at +1.6% MoM vs. +0.8% expected and -0.8% previous.          

United Kingdom Retail Sales (MoM) above forecasts (0.7%) in January: Actual (0.9%)

United Kingdom Retail Sales (MoM) above forecasts (0.7%) in January: Actual (0.9%)
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GBP/USD holds steady above 1.2900 mark post-UK retail sales, lacks follow-through

The GBP/USD pair edged higher to fresh session tops, around the 1.2920-25 region post-UK macro data, albeit lacked any strong follow-through. Accordin
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