Britons go on spending spree to mark royal wedding, sunshine

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Britons go on spending spree to mark royal...
 © In-Cyprus 2018
British retail sales jumped for a second month in a row in May, far outstripping expectations as a royal wedding and warm weather helped shoppers put a winter slump further behind them, data showed on Thursday.

The figures pushed up the value of sterling as investors took them as a sign that the economy was recovering from a sharp slowdown in the wintry start to 2018 which put the Bank of England off an interest rate hike.

Retail sales volumes rose by more than all forecasts by economists in a Reuters poll, jumping by 1.3 percent in monthly...


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Britons go on spending spree to mark royal wedding, sunshine


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