(MENAFN) UNITED KINGDOM: Sales retail increased 1.1 percent in the United Kingdom in July of the current year to hit a total high 3 percent since January 2011, according to Gulf Daily News.
The sales retail boost gives hope for traders the UK's economy will recover faster than the Bank of England (BoE) expects.
Rob Wood, UK economist at Berenberg Bank, said: "Wow again. It's hard to remember the last time a UK data release wasn't stunningly positive. Low interest rates, a sunnier outlook and rising house prices are getting consumers out consuming."
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