A customer at a supermarket in London. Agence-France-Presse
British shoppers started spending again early this year after a sluggish end to 2019, another sign that improved sentiment since December’s election is translating into stronger economic activity.
An indicator measuring expectations for the next three months was the strongest since October last year at +9%.
British shoppers paused in April after three months of strong buying, according to official data that showed continued underlying strength in consumer spending even as the Brexit political crisis unfolded. Monthly retail sales volumes were flat last month, the Office for National Statistics said,
Businesses and healthcare providers in the UAE looking for an easier way to source and secure personal protective equipment (PPE) can now do so through Dubai Chamber of Commerce and Industry’s newly launched Response Initiative (RRI).
Spot gold was up 0.6% to $1,808.25 per ounce at 0933 GMT. US gold futures were up 0.6% at $1,813.30.
The blue-chip FTSE 100 was up 1.3%, with fewer than 10 stocks in the red in early trading, while the mid-cap FTSE 250 added 1.0%, led by the auto, personal goods and mining sectors.