UK interest rates on hold

Note: This section contains information in English only.
Source: Reuters
Discussions regarding the possibility of an increase in interest rates took place, during this month's meeting, among BoE officials. In fear of disturbing the recovery, all members of the Monetary Policy Committee agreed on keeping interest rates unchanged. UK's economy is revealing to be on the fast track and growth for the second quarter is expected to be 0.8%.
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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.

Wed, 23 Jul 2014 11:22:10 GMT

UK June property sales highest since 2007

UK housing sector has been showing continued signs of recovery as there were 109,580 properties sold in June. It was the highest number since the end of 2007 and was partly due to government schemes aimed at helping buyers. However, among the positive results there are concerns that only 3% of these buyers were under the age of 30.

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