UK shopper spending picked up in July, helped by sizzling climate early within the month (the UK Met Workplace mentioned July was the UK’s fifth-warmest on document.) that boosted clothes gross sales, although momentum light later as temperatures cooled.
The British Retail Consortium reported whole gross sales up 2.5% year-on-year, slowing from June’s 3.1% achieve
- like-for-like gross sales rose 1.8%
- Barclays knowledge confirmed total spending up 1.4%, rebounding from a 0.1% fall in June.
- meals gross sales rose 3.9% on the 12 months, reflecting each robust early-month demand and better costs
- clothes gross sales jumped 4.2% — their quickest tempo since September 2024.
Economists are watching to see if households will draw on financial savings to maintain spending as job losses mount and wage progress slows.
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GBP is little modified circa 1.3434
