UK Retail Sales arrived at 0% MoM in February vs. -0.3% expected

• The UK Retail Sales stood at 0% MoM in February, a positive surprise.
• Core Retail Sales for the UK rose 0.2% MoM in February.
• GBP/USD keeps losses above 1.2600 despite upbeat UK data.

The UK Retail Sales showed no growth over the month in February vs. -0.3% expected and 3.4% registered in January, according to the latest data published by the Office for National Statistics (ONS) on Friday.

The Core Retail Sales, stripping the auto motor fuel sales, rose 0.2% MoM vs. -0.1% expected and 3.2% in January.