Sterling jumps after UK retail sales beat expectations
(WorldNews Business)

LONDON, Sept 20 (Reuters) - Sterling jumped by almost a cent against the dollar on Wednesday after data showed British retail sales surged unexpectedly in August, increasing pressure on the Bank of England to lift interest rates from their record lows. The numbers showed a sharp pick-up in monthly sales growth to 1.0 percent, the fastest since April and far above forecasts for 0.2 percent growth. Sterling jumped to as high as $1.3606 after the data , up from $1.3518 beforehand, and...