London Markets: U.K.’s FTSE 100, pound higher after retail sales outstrip expectations

U.K. stocks rose on Thursday, with retail shares strengthening after monthly retail sales leapt in July, even after the Brexit vote.

The FTSE 100 index UKX, +0.10% gained 0.3% to 6,874.51, with only a handful of stocks trading in the red.

The benchmark on Wednesday ended 0.5% lower, as sharp losses for miners on the back of weaker metals prices offset better-than-expected labor-market data.

Retail sales were the main focus on the data front on Thursday, capping off a week of the first economic data to show the real effect on the U.K. economy from the referendum.

>>> Original Source <<<