UK Retail Sales ex Fuel MoM (Feb) M/M -0.4% vs. Exp. -0.8% (Prev. 2%)

UK retail sales excluding fuel fell 0.4% month-over-month in February, outperforming expectations of a sharper decline of 0.8%. This beat against the backdrop of a significant prior increase of 2% may suggest a resilience in consumer spending that could influence the outlook for monetary policy, potentially easing concerns about an economic slowdown.