UK retail sales arrive at 0.0% m/m in April, surprises positively (GBP unmoved)

• The UK retail sales arrive at 0.0% m/m in Apr.
• The core retail sales in the UK drop by 0.2% m/m in Apr.

The UK retail sales came in at 0.0% over the month in April, surprising the markets to the upside while core retail sales stripping the auto motor fuel sales dropped less than expected by 0.2% m/m.

On an annualized basis, the UK retail sales rose 5.2% in April versus 4.6% expected while the core retail sales also advanced 4.9% in the reported month versus 6.3% previous and 4.2% expectations.