UK Retail Sales decline 0.3% MoM in October vs. 0.3% expected

• The UK Retail Sales dropped 0.3% MoM in October, a negative surprise.
• Core Retail Sales for the UK dropped 0.1% MoM in October.
• GBP/USD holds lower ground below 1.2400 on downbeat UK data.

The UK Retail Sales fell 0.3% over the month in October vs. 0.3% expected and -1.1% registered in September, according to the official data published by the Office for National Statistics (ONS) on Friday.