UK Retail Sales prints 0% MoM in March vs. 0.3% expected
Source Fxstreet
- The UK Retail Sales arrived at 0% MoM in March, miss estimates.
- Core Retail Sales for the UK drops 0.3% MoM in March.
- GBP/USD stays weak near 1.2400 after mixed UK data.
The UK Retail Sales came in at 0% over the month in March vs. 0.3% expected and 0.1% in February, the latest data published by the Office for National Statistics (ONS) showed Friday.
The Core Retail Sales, stripping the auto motor fuel sales, dropped by 0.3% MoM, compared with a 0.3% growth in February.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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It’s a big day for the UK and the pound. Chancellor Rachel Reeves is expected to deliver her budget address at 12.30 GMT.
