FX & CFD trading involves significant risk
The Office for National Statistics released its retail sales data for the U.K. on Thursday. Retail sales in the U.K. increased 1.2% in April, exceeding expectations for a 0.4% rise, after a 0.7% decline in March. March's figure was revised down from a 0.5% fall.
It was the highest increase since November 2014.
The rise was driven by higher sales of clothing, textiles and footwear, which climbed by 5.2% in April.
The ONS noted that sales were supported by warmer than average weather.
Fuel sales increased 2.0% in April, while food sales fell 0.1% in April.
On a yearly basis, retail sales in the U.K. climbed 4.7% in April, beating forecasts of 3.8% increase, after a 4.0% rise in March. March's figure was revised down from a 4.2% gain.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.