GBP/USD nears 1.2100 as UK retail sales unexpectedly rise 0.2% m/m in July vs. -0.2% expected

• The UK retail sales arrive at +0.2% m/m in July.
• The UK core retail sales rise 0.2% m/m in July.

The UK retail sales came in at +0.2% over the month in July vs. -0.2% expected and +0.9% previous. The core retail sales, stripping the auto motor fuel sales, stood at +0.2% m/m vs. -0.2% expected and +0.9% previous.