By  on July 24, 2014

LONDON,(Reuters) — British retail sales rose between April and June at the fastest pace for a calendar quarter in 10 years despite stagnating last month, bolstering expectations that the economy has sustained its swift pace of recovery.

Retail sales volumes rose 1.6 percent in the second quarter compared with the previous three months, a latest sign of strength in Britain's economy which has put a first interest rate hike on the agenda of the Bank of England.

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