date:Mar 28, 2014
ing housing market and rising employment are continuing to drive Britains recovery, with the Bank of England forecasting last month that household-spending growth will accelerate to more than 3% this year.
Consumers are still loosening their purse strings, said Samuel Tombs, an economist at Capital Economics Ltd. in London. The figures provide some reassurance that the economic recovery has not lost pace in the first quarter.
The pound appreciated after the data, rising 0.2% to $1.6622 at 10:0