UK Retail Sales rebound 0.5% MoM in July, as expected

• The UK Retail Sales jumped 0.5% MoM in July, meeting estimates.
• Monthly Core Retail Sales for the UK rebounded 0.7% in July.
• GBP/USD remains unphased towards 1.2900 after mixed UK data.

The Core Retail Sales, stripping the auto motor fuel sales, jumped 0.7% MoM, against the previous decline of 1.3% and the estimated 0.8% reading.

The annual Retail Sales in the UK climbed by 1.4% in July versus June’s 0.3% fall while the Core Retail Sales increased by 1.4% in the same month versus -0.8% previously. Both figures aligned with the market forecast.

Market reaction to UK Retail Sales report

GBP/USD is unperturbed by the mixed UK data release, 0.26% higher on the day near 1.2885, as of writing.