UK Retail Sales jump 1.7% MoM in January vs. 0.3% expected

• The UK Retail Sales jumped 1.7% MoM in January, a  big beat.
• Monthly core Retail Sales for the UK rose 2.1% in January.
• GBP/USD rises toward 1.2700 after strong UK consumer data.

The United Kingdom (UK) Retail Sales rebounded 1.7% month-on-month (MoM) in January after falling 0.6% in December, the latest data published by the Office for National Statistics (ONS) showed Friday. Markets estimated a 0.3% jump in the reported month.

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