UK Retail Sales rebound 1.4% MoM in April vs. -0.2% expected

  • 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 ….

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