UK Retail Sales down 0.3% MoM in January

UK’s National Statistics informed on Thursday that headline Retail Sales have contracted at a monthly 0.3% (vs. +0.9% exp.), while Core Sales have also dropped 0.2% MoM (vs. +0.7% exp.).

United Kingdom Retail Sales ex-Fuel (YoY) came in at 2.6% below forecasts (3.9%) in January

United Kingdom Retail Sales ex-Fuel (YoY) came in at 2.6% below forecasts (3.9%) in January
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GBP/USD on its way to 1.2400 post-UK data

The British Pound is now accelerating its daily correction lower, dragging GBP/USD to the vicinity of the 1.2400 key support. GBP/USD weaker on poor
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