UK retail sales rose by 1.9% in January after declining by about 3.7% in December before being revised to a decrease of 4% to bring January’s numbers better than expectations that indicated a growth of about 1.1%.

In details, sales of food stores fell in January to below levels before the Corona crisis, while sales of non-food stores increased by 3.4% in January, and car fuel sales increased by 4.1%, online retail sales declined in turn to 25.3% in January, the lowest Its level since March 2020.

The British pound is trading at 1.3620 levels against the US dollar.