UK Retail Sales rise 1.0% MoM in August vs. 0.4% expected

• The UK Retail Sales rose 1.0% MoM in August, beat estimates.
• Monthly Core Retail Sales for the UK advanced 1.1% in August.
• GBP/USD regains 1.3300 after upbeat UK data.

The United Kingdom (UK) Retail Sales increased 1.0% over the month in August after rebounding 0.5% in July, the latest data published by the Office for National Statistics (ONS) showed Friday. Markets expected a 0.4% growth in the reported month.

The Core Retail Sales, stripping the auto motor fuel sales, rose 1.1% MoM, against the previous jump of 0.7% and the forecast of 0.5%.