UK Retail Sales rises 0.9% MoM in Jan vs. +0.7% expected, GBP/USD jumps

• The UK Retail Sales rise 0.9% MoM in January.
• Core Retail Sales for the UK jump 1.6% MoM in January.
• Cable jumps 10-pips on upbeat UK Retail Sales data.

The UK retail sales came in at +0.9% over the month in January vs. +0.7% expected and -0.5% previous. The core retail sales, stripping the auto motor fuel sales, stood at +1.6% MoM vs. +0.8% expected and -0.8% previous.