UK retail sales grew at a faster pace in February boosted by the Valentine's Day celebrations despite the cost of living crisis, data published by the British Retail Consortium and accountancy firm KPMG showed on Tuesday. Separate data from Barclays showed that Britons cut back on their card spend on non-essential goods in February.
Like-for-like sales increased 4.9 percent year-over-year in February, following a 3.9 percent gain in January. That was almost in line with the expected rise of 4.8 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.