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Retail sales blitz expectations in July sending sterling rallying

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Retail sales in July trounced analysts’ expectations thanks to the hot weather and tail end of the World Cup. According to new figures from the Office for National Statistics, retail sales grew 0.7 per cent in July, well above expectations of a 0.2 per cent rise and a marked improvement on June’s 0.5 per cent decrease.

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Retail sales blitz expectations in July sending sterling rallying

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