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Britons go on spending spree to mark royal wedding, sunshine

Reuters  |  LONDON 

By William Schomberg and Alistair SmoutLONDON (Reuters) - 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 ...

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First Published: Thu, June 14 2018. 14:47 IST