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- The UK Retail Sales came in at 1.6% MoM in August, a big miss.
- Core Retail Sales for the UK fell by 1.6% MoM in August.
- The cable remains in the red below 1.1450 on the downbeat UK data.
The UK retail sales arrived at -1.6% over the month in August vs. -0.5% expected and 0.3% previous. The core retail sales, stripping the auto motor fuel sales, dropped 1.6% MoM vs. -0.7% expected and 0.4% previous.
On an annualized basis, the UK retail sales plunged -5.4% in August versus -4.2% expected and -3.2% prior while the core retail sales slumped 5% in the reported month versus -3.4% expectations and -3.1% previous.
more to come …
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