UK retail sales jump in June in much-needed lift for economy

LONDON, (Reuters) - British retail sales rebounded unexpectedly in June, according to official data that may raise hope the economy will sidestep a downturn in the second quarter.Monthly retail sales volumes jumped 1.0%, the Office for National Statistics said, well above all forecasts in a Reuters poll of economists that had pointed to a 0.3% drop. Compared with June 2018, sales were up by 3.8%, again stronger than all forecasts.Many economists think Britain's economy is in danger of shrinking..