UK retail sales grow faster in October

Note: This section contains information in English only.
Source: Reuters
Retail sales in the United Kingdom increased in September rising at a faster rate than in the previous month, however, clothing sales declined on mild weather in the area, a report released by the British Retail Consortium showed on Tuesday. According to the report, the country's retail sales advanced 2.6% on an annual basis in October after gaining 2.4% in the month before.

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Tue, 05 Nov 2013 08:24:05 GMT

BoE likely to raise its interest rates in late 2015

The Bank of England is expected to increase its benchmark interest rates in the second half of 2015 before the nation's unemployment reaches a level of 7%, which is forecast to happen in early 2016, a report published by the National Institute of Economics and Social Research. Britain's central bank has maintained its rate at historic low 0.5% since 2009.

Tue, 05 Nov 2013 08:02:03 GMT

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