Royal wedding and sunshine lift high street gloom

27th May 2011

The Guardian reported that Britain's consumers felt better during the past month with the royal wedding, good weather and the realisation that their mortgages would not be more expensive.

The findings were from Gfk NOP Social Research which showed that overall sentiment picked up from -31 to -21 during May, returning consumer confidence to levels seen last autumn when the economy weakened.

This should mean good news for those investing in high street stocks such as Marks and Spencer , which earlier this week announced plans to expand to the US and Asian markets.

Other companies that could benefit from improved confidence include luxury brands like Burberry and other top end fashion names.

But with the UK remaining precariously on the edge of a double-dip recession stock picking has never been more important.

More about the economy on Shaun Richards' blog.

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