Breaking: UK Retail Sales beats estimates with +12% MoM in May, GBP/USD tests highs

• The UK Retail Sales came in at +12% MoM in May.
• Core Retail Sales for the UK jumped 10.2% MoM in May.
• The cable challenges high near 1.2450 on the upbeat UK Retail Sales data.

The UK retail sales came in at +12.0% over the month in May vs. +5.7% expected and -18.1% previous. The core retail sales, stripping the auto motor fuel sales, stood at +10.2% MoM vs. +4.5% expected and -15.2% previous.          

more to come ...