Kiwi rises for a second day

Note: This section contains information in English only.
Source: Bloomberg
New Zealand Dollar strengthened for a second straight day against all of the 16 major currencies on speculation that the RBNZ will raise interest rates. According to a survey by Bloomberg, 14 out 15 economists expect a rise to 3.50% in the official cash rate on July 24. The Kiwi appreciated 0.3% to 87.09 U.S. cents, posting the largest increase since July 9. 
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Mon, 21 Jul 2014 11:25:11 GMT

U.K. economy recovering after seven years of hardship

British economy may be on its way to recovery as the economic indicators rose for the sixth consecutive quarter returning GDP to the levels experienced prior to the financial crisis. The gross domestic product added another 0.8% in the second quarter matching the first quarter's result. This year's economic output is expected to surpass its 2007 peak. 

Mon, 21 Jul 2014 08:24:09 GMT

London property prices slip in July

London real estate prices decreased for the second month in a row as the rising number of property for sale mitigated the market. Asking prices in U.K. dropped 0.4% and averaged at 587,174 pounds in July, whereas across England and Wales prices fell 0.8%. The property market is said to be losing pace after the BoE concluded it represented the greatest risk to the economic recovery.

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