UK Retail Sales unexpectedly rise 1% MoM in February vs. -0.3% expected

• The UK Retail Sales jumped 1% MoM in February, a positive surprise.
• Monthly core Retail Sales for the UK rose 1% in February.
• GBP/USD keeps range near 1.2950 after strong UK consumer data.

The United Kingdom (UK) Retail Sales jumped 1% month-over-month (MoM) in February after jumping 1.7% in January, the latest data published by the Office for National Statistics (ONS) showed Friday. Markets expected a 0.3% drop in the reported month.

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