UK Retail Sales drop 1.6% MoM in August vs. -0.5% expected

• The UK Retail Sales came in at 1.6% MoM in August, a big miss.

The UK retail sales arrived at -1.6% over the month in August vs. -0.5% expected and 0.3% previous. 

On an annualized basis, the UK retail sales plunged -5.4% in August versus -4.2% expected and -3.4% prior.

more to come ...