British retail sales rose 2.1% from January

Note: This section contains information in English only.
Source: Bloomberg
British retail sales topped economist`s expectations by gaining 2.1% from January. According to forecasts, there was 0.4% rise expected. Year to year, sales increased 2.6%. The Pound strengthened 0.5% to $1.5178 versus the Dollar after data was released.

"There is still some hope that the economy has avoided a triple dip," said Vicky Redwood, an economist at Capital Economics Ltd. in London. "From here, it is encouraging that the budget provided some further help for households. Nonetheless, with real pay still dropping sharply, a sustained recovery in consumer spending still seems unlikely soon."
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