Britons Go On Spending Spree To Mark Royal Wedding, Sunshine
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 Boost
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