UK Retail Sales rise by 0.5% MoM in June vs. 0.4% expected, GBP/USD unfazed

• The UK Retail Sales came in at 0.5% MoM in June, beat estimates.
• Core Retail Sales for the UK rose by 0.3% MoM in June.
• The cable flirts with daily lows on mixed UK Retail Sales.

The UK retail sales came in at 0.5% over the month in June vs. 0.4% expected and -1.3% previous. The core retail sales, stripping the auto motor fuel sales, stood at 0.3% MoM vs 0.6% expected and -2.0% previous.          

On an annualized basis, the UK retail sales rose by 9.7% in June versus 9.6% expected and 24.6% prior while the core retail sales increased by 7.4% in the reported month versus 8.2% expectations and 21.7% previous.

more to come ....