U.K. retail sales +2.5% Y/Y in February vs -0.5% in January and consensus of +0.5%. On month,...

|By:, SA News Editor
U.K. retail sales +2.5% Y/Y in February vs -0.5% in January and consensus of +0.5%. On month, sales +2.1% vs -0.7% and +0.5%. The growth was due to consumers returning to shops after heavy snow in January. The figures come a day after the U.K. announced measures that could support further consumer spending. The pound jumps and is now +0.5% vs the dollar. (PR)