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 stays unfazed toward 1.2900 after mixed UK data.

The United Kingdom (UK) Retail Sales rebounded 0.5% over the month in July after dropping 1.2% in June, the latest data published by the Office for National Statistics (ONS) showed Friday. Data matched the market expectations of a 0.5% increase in the reported month.