Markets

Sterling trims losses, stocks rise after UK retail sales data

Published July 18, 2013 Updated July 18, 2013 10:01am

1 min

By Imad Uddin

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LONDON: Sterling pared losses against the dollar, while UK stocks turned positive on Thursday after UK retail sales rose in June, a sign that an economic recovery might be taking hold.

Sterling rose to $1.5202 from $1.5166 before the data but was still down 0.1 percent on the day against the dollar.

The pan-FTSEurofirst 300 turned positive, having been flat before the release, trading 0.2 percent higher at 1,201.10.

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