UK retail sales rose sharply in June, driven by warmer weather and seasonal demand, according to the British Retail Consortium (BRC):
- Total sales climbed 3.1% year-on-year, up from 1.0% in May
- while like-for-like sales rose 2.7% (+0.6% in May).
The BRC credited the heatwave and events like Wimbledon for boosting demand for fans, summer clothing, and sporting goods. However, much of the increase reflected higher food prices, with supermarket spending up 4.1% from a year earlier.
Despite the retail rebound, Barclays data showed overall consumer spending dipped 0.1% year-on-year in June
- from +1.0% in May
pointing to continued caution among households:
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“Sales growth remains largely inflation-driven,” said BRC partner IGD, while Barclays noted that consumers are maintaining savings and remain hesitant, suggesting limited GDP growth for the rest of 2025.
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Cable not doing a lot:
This article was written by Eamonn Sheridan at www.forexlive.com.
