U.K meeting minutes vote of keeping interest rates on hold

Wednesday, 18 May 2011 12:36

News just in by the Bank of England, Minutes of the Monaterly Policy Committee meeting voted 6-0-3 to keep interest rates steady on hold for the ongoing month.

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Sterling Steadies

Tuesday, 19 April 2011 12:23

Sterling steadied on Tuesday after the currency came under pressure Monday on speculation that Greece would need to restructure its debt in the near future.

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Inflation in the UK slowed in March

Tuesday, 12 April 2011 02:06

Inflation in the UK slowed in March for the first time in eight months, consumer prices rose 4 % from a year earlier after a 4.4 % increase in February. The cost of food fell the most in almost four years due to heavy discounting at supermarkets and food outlets.

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UK Retail Sales Fall

Tuesday, 12 April 2011 12:22

UK retail sales dropped by a record in March, placing more pressure on the Bank of England to raise interest rates from a record low. The pound fell against the dollar and the euro off the back of these numbers.

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