UK June property sales highest since 2007

Note: This section contains information in English only.
Source: BBC News
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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Wed, 23 Jul 2014 11:33:07 GMT

UK interest rates on hold

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%.

Wed, 23 Jul 2014 11:11:07 GMT

Kiwi hits its counterpart, the Greenback

The Reserve Bank of New Zealand is assumed to raise the interest rates by 0.25% following a last month's hike from 3% to 3.25%.  NZD/USD reached 0.8684, the highest level during the Asian session and then started to consolidate at 0.8688. The probable support may be found at 0.8650, July's 17 low, with the resistance at 0.8720, July's 21 high.

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