UniCredit says lowering of BoE estimate of slack in UK economy (current:1.0-1.5% of GDP) to below 1% would be clear signal of 2014 rate hike
India retail inflation nearly touches 8%, rising to 7.96% vs Reuters median of 7.40% and 7.31% in June. F’casts range was 6.90-8.30%
LONDON, Aug 10 (Reuters) – Truck drivers in the Midlands
region of England have not been this busy for six years, but
there’s little sign of it in their pockets. It’s a theme
repeated across the country, as workers’ pay has failed to
reflect Britain’s surprisingly strong economic recovery.
“There is an absolutely huge shortage of drivers in the
Midlands,” said Neil Renwick, 46, a self-employed driver of
44-tonne vehicles who has been crisscrossing Britain for nearly
Consumer prices in Brazil rose just 0.01% in July, below all forecasts in a Reuters poll. It’s the lowest inflation rate in 4 years
LONDON (Reuters) – Sagging exports pushed Britain’s trade deficit to a five-month high in June, suggesting a more balanced economic recovery still looks a way off, although the construction industry recovered from a dip in May.
Exports of British goods to countries outside the European Union fell to their lowest level since September 2011, coinciding with the pound hitting a near six-year high against the dollar.