UK retail sales volumes rose 1.2% mom in May, comfortably beating expectations of 0.5% mom and providing fresh evidence that consumer spending remains resilient despite high interest rates and a slowing economy. Sales volumes were also up 3.2% from a year earlier. Retailers attributed much of the strength to promotional activity and unusually warm weather, […]The post UK Retail Sales Surge 1.2% in May as Warm Weather and Promotions Boost Spending appeared first on ActionForex.