UK Retail Sales drop 2.3% MoM in April vs. -0.4% expected

• The UK Retail Sales came in at -2.3% MoM in April, a big miss.
• Core Retail Sales for the UK dropped 2.0% MoM in April.
• GBP/USD extends losses below 1.2700 after dismal UK data.

The UK Retail Sales dropped 2.3% over the month in April vs. -0.4% expected and -0.2% in March, the latest data published by the Office for National Statistics (ONS) showed Friday.

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