Mar 26, 2020
UK Retail Sales arrive at -0.3% MoM in Feb vs. +0.2% expected, GBP/USD unmoved
- The UK Retail Sales came in at -0.3% MoM in February.
- Core Retail Sales for the UK dropped 0.5% MoM in February.
- Cable remains unfazed by the downbeat UK Retail Sales data.
The UK retail sales came in at -0.3% over the month in February vs. +0.2% expected and +0.9% previous. The core retail sales, stripping the auto motor fuel sales, stood at -0.5% MoM vs. -0.2% expected and +1.6% previous.
more to come