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UK retail sales beat forecasts, all eyes on Federal Reserve

ncreased spending in non-food shops like department stores and DIY outlets were behind the dramatic improvement. Sterling jumped sharply on the news, gaining three-quarters of a cent against the dollar and half a cent against the euro. Spending has defied expectations of a slowdown since the Brexit referendum, and currently seems to be holding up despite weak wage growth and above-target inflation.

Contributor: Ben Brettell | Published: 25 September 2017