Bank of England leaves interest rate unchanged

Source: Bloomberg
Some members of the MPC see that the probability of a rate hike is falling, as growth becomes stationary. Officials voted 9-0 to leave the benchmark rate unchanged at 0.5%. Since the economy is heading for levels of economic growth last seen before the financial crisis, officials' are starting to focus on a rate increase for the first time in seven years.
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Wed, 23 Jul 2014 15:46:08 GMT

WTI declines as gasoline supplies expand

The Texas light sweet slid for a second day with fuel inventories increasing in the US. As 3.6 million barrels of gasoline were added to the inventories last week the September futures lost 60 cents and the WTI traded at $101.79 a barrel on NYMEX. Simultaneously, Brent for delivery the same month rose by six cents to $107.39 a barrel in London.

Wed, 23 Jul 2014 15:24:10 GMT

UK Retail sales recover in July

The latest CBI's survey regarding Monthly Distributive Trades revealed that retail sales volumes increased firmly and are expected to improve even more in the forthcoming month. As a higher increase is anticipated for August, retailers have been reinforcing their stock in order satisfy demand. The percentage of retailers who expect stronger sales volumes is 51%, whereas 15% forecast a decline.

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