UK retail sales rebound

British retail sales rebounded in January, official data showed Thursday, with consumers buoyed by the removal of Brexit uncertainty according to analysts. Sales by volume rallied 0.9 percent from the previous month, after falling in both November and December, the Office for National Statistics said in a statement.

That was the largest increase since March 2019 and beat expectations for a 0.7-percent gain. Consumers were reassured by December's convincing election win for Prime Minister Boris Johnson, according to Paul Dales, economist at research consultancy Capital Economics.