UK retail sales grew in February
On an annual basis, UK retail sales fell 3.7% in February slowing from a decline of 5.9% in January. The latest figure missed the market forecast, cited by FXStreet, for a 3.5% drop.
On a monthly basis, retail sales grew 2.1% in February, rebounding from a fall of 8.2% in January. The month-on-month print was in-line with market consensus.
In addition, the ONS said the share of shopping done online was a record high of 36% in February. ■