Soaring demand for gold sparks unexpected rise in retail sales

Alex Kerr, from Capital Economics, said: “Against a backdrop of weak employment, high inflation and with tax rises on the horizon, we doubt the retail sector will be able to sustain this strength.”

“We suspect that the weak labor market and still high mortgage rates will prevent house prices from continuing to grow at this pace over the rest of this year,” said Alex Kerr, UK economist at Capital...

Alex Kerr, UK economist at Capital Economics, agreed. “While [Nationwide’s September reading] was better than expected, we suspect that the weak labour market and still high mortgage rates will...