UK Retail Sales jump 0.5% MoM in January vs. -0.3% expected

• The UK Retail Sales came in at 0.5% MoM in January, an upside surprise.
• Core Retail Sales for the UK rose by 0.4% MoM in January.
• The Cable keeps losses near 1.1950 on the upbeat UK data.

The UK Retail Sales arrived at 0.5% over the month in January vs. -0.3% expected and -1.2% previous. The Core Retail Sales, stripping the auto motor fuel sales, rose by 0.4% MoM vs. 0% expected and -1.4% previous.