Stronger Pound provokes deflation risks, warns BoE

Note: This section contains information in English only.
Source: Bloomberg
According to the Monetary Policy Committee led by Governor Mark Carney, continued strength of the UK economy may stimulate the Pound to grow and thus lead to deflation. Meanwhile, the Cable, which touched a seven-year high versus the Euro this month, depreciated after weak wage growth.
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Wed, 18 Mar 2015 22:16:03 GMT

British unemployment stays at six-year low

The UK unemployment rate remained unchanged at 5.7%, the lowest level since October 2008. At the same time, the number of people seeking jobless benefits fell 31K, which is a smaller change after a 39.4K decline a month earlier. Average earnings grew less than expected, 1.8% instead of 2.2%.

Wed, 18 Mar 2015 21:54:05 GMT

Iron ore prices curbed due to increase in global shipments

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