UPDATE 1-UK shoppers shrug off inflation pressure as sun comes out [Reuters]
IHS Markit Ltd. Common Shares (INFO)
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Source: Reuters
UPDATE 1-UK shoppers shrug off inflation pressure as sun comes out * UK retail sales beat expectations in April * Spending in 3 months to April rises by most since 2002 * Retail sales suffered worst quarter since 2010 in Q1 * ONS highlights fine weather, says too early to see trend * Economists expect "payback" in next month's data(Adds market and analyst reaction) By David Milliken and William Schomberg LONDON, May 18 British shoppers set aside theirconcerns about fast-rising inflation following the Brexit voteand stepped up spending last month at the fastest rate in years,encouraged by fine weather, official data showed. The unexpectedly strong figures suggest that - at leasttemporarily - consumers' mood has become more upbeat in therun-up to a June 8 national election that Prime Minister TheresaMay's ruling Conservatives are tipped to win by a wide margin. Retail sales volumes jumped by 2.3 percent on the month inApril, the Office for National Statistics said on Thursday,beating th
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