UK Retail Sales beats estimates with 2.1% MoM in February, GBP/USD holds above 1.3750

• The UK Retail Sales came in at 2.1% MoM in February.
• Core Retail Sales for the UK rose by 2.4% MoM in February.
• The cable keeps its range above 1.3750 on mixed UK Retail Sales.

The UK retail sales came in at 2.1% over the month in February vs. 2.8% expected and -8.2% previous. The core retail sales, stripping the auto motor fuel sales, stood at 2.4% MoM vs 1.9% expected and -8.8% previous.          

On an annualized basis, the UK retail sales dropped by 3.7% in February versus -3.5% expected and -5.9% prior while the core retail sales fell by 1.1% in the reported month versus -1.5% expectations and -3.8% previous.

more to come ...