UK Retail Sales MoM (Feb) M/M -0.4% vs. Exp. -0.8% (Prev. 1.8%, Low. -1.0%, High. 1.1%)
Context
The UK retail sales reading shows a smaller-than-expected decline of -0.4% month-on-month, versus expectations of -0.8%. This beat may indicate some resilience in consumer spending, which could influence the outlook for UK monetary policy and elicit reactions in GBP and fixed income markets.
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