UK Retail Sales jump 3.4% MoM in January vs. 1.5% expected

• The UK Retail Sales rebounded 3.4% MoM in January, a big beat.
• Core Retail Sales for the UK rose 3.2% MoM in January.
• GBP/USD flirts with 1.2600 on upbeat UK data.

The UK Retail Sales rebounded 3.4% over the month in January vs. 1.5% expected and -3.3% reported in December, the latest data released by the Office for National Statistics (ONS) showed on Friday.

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