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	<title>Stock Blog Hub &#187; CurrencyShares British Pound Sterling Tr</title>
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		<title>(BRC) What Recession? British Retail Sales Surge in December &#8211; Is The Recession Ending?</title>
		<link>http://www.stockbloghub.com/2010/01/13/brc-what-recession-british-retail-sales-surge-in-december-is-the-recession-ending/24900</link>
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		<pubDate>Thu, 14 Jan 2010 00:02:39 +0000</pubDate>
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		<description><![CDATA[by Martin Denholm, Senior Editor, Investment U Wednesday, January 13, 2010 So much for the British recession. Figures just released from the British Retail Consortium (BRC) show that consumers shook off the country’s economic woes, plus a projected cutback in personal spending, and handed retailers an unexpected Christmas gift. Retail sales jumped by 6% in December – the best results for that month since December 2005. Same-store sales rose by 4.2%. Of course, those figures look better when compared to the awful retail numbers from December 2008, but the performance underlines the resiliency of British consumers. With six straight quarters of negative economic growth as a backdrop, plus an extended period of poor weather tossed in, retailers feared the worst. But Brits braved snow, ice and bitter cold to hit ]]></description>
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