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UK retail sales smash forecasts thanks to good weather and Royal Wedding - business live

All the day’s economic and financial news, including the ECB’s latest policy meeting and UK retail sales figuresLatest: UK retail spending jumped last monthIntroduction: European Central Bank decision todayWill ECB call time on its QE programme?Bond-buying scheme runs out in SeptemberLast night, US interest rates hiked again 10.15am BST Ian Gilmartin, head of Retail & Wholesale at Barclays Corporate Banking, is encouraged by the jump in retail sales:“Record breaking temperatures in May had shoppers running to the tills to stock up on food and drink, with DIY and garden stores...

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Published By: theguardian.com - 6 days ago