UK High Street enjoys best month in two years
The UK high street has enjoyed its best month in almost two years as the weak pound led to an influx of British "staycationers" and overseas tourists.
Overall like-for-like sales were up 2% last month, making it the best month since September 2015 and the best August since 2013, according to accountancy and advisory firm BDO's High Street Sales Tracker.
BDO's figures show a marked rise in staycations by Britons and an influx of overseas tourists - both of which have been driven by the weak pound - helped push sales of lifestyle goods up 3.1% year-on-year.
Fashion sales saw like-for-like growth of 1.5% after struggling all year to generate growth - the sector's best performance since last November - and homeware sales were up 1.9% year-on-year.
However, the overall growth came after two Augusts of negative figures, particularly in fashion where sales were down 3.3%.