British retail sales rebound sharply post Brexit vote

Retail sales in Britain, a key driver of the economy, rebounded 1.4 percent in July from June's drop, official data showed Thursday, indicating no immediate fallout from Brexit but analysts warn of a tough year ahead. Sales by volume rose far higher than expected following a 0.9-percent drop in June that had been caused by wet summer weather, according to the Office for National Statistics. The ONS noted however that all sectors showed sales growth in July amid warmer weather, "with the main con