UK Retail Sales beat estimates with -3.8% MoM in November, GBP/USD uninspired

• The UK Retail Sales came in at -3.8% MoM in November.
• Core Retail Sales for the UK dropped by 2.6% MoM in November.
• The cable holds the bounce around 1.3550 on mixed UK Retail Sales.

The UK retail sales came in at -3.8% over the month in November vs.-4.2% expected and 1.2% previous. The core retail sales, stripping the auto motor fuel sales, stood at -2.6% MoM vs. -3.3% expected and 1.3% previous.          

On an annualized basis, the UK retail sales rose by 2.4% in November versus 2.8% expected and 5.8% prior while the core retail sales increased by 5.6% in the reported month versus 4.1% expectations and 7.8% previous.

more to come ...