Summary
UK retail sales proved more resilient than expected in July - the month in which London was hit by deadly terrorist bombings.
The Office for National Statistics said yesterday that retail sales volumes had fallen by a seasonally-adjusted 0.3per cent last month - only half the 0.6per cent drop forecast by the City.See the full content of this document
Extract
Retail Figures Support View That Rates Will Remain On Hold
John Butler, UK economist at HSBC, said: "In an environment where there were bombs in London and, according to the ONS, not much discounting on the high street, retail sales onl...
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