Sumeet's Feed
Dec 16, 2010

Retail sales below forecast

LONDON (Reuters) – Retail sales slowed more than expected in November but upward revisions to the previous months meant that the broad picture of steady and unspectacular growth remained intact, official data showed on Thursday.

The Office for National Statistics said sales volumes including motor fuel rose 0.3 percent last month, as purchases of toys, sporting goods and jewellery offset weak demand for furniture and other housing market-related goods. Analysts had forecast growth of 0.4 percent.

Dec 16, 2010

Retail sales below forecast in November

LONDON (Reuters) – Retail sales slowed more than expected in November but upward revisions to the previous months meant that the broad picture of steady and unspectacular growth remained intact, official data showed on Thursday.

The Office for National Statistics said sales volumes including motor fuel rose 0.3 percent last month, as purchases of toys, sporting goods and jewellery offset weak demand for furniture and other housing market-related goods. Analysts had forecast growth of 0.4 percent.

Dec 16, 2010

UK retail sales below fcast in Nov, price pressures up

LONDON, Dec 16 (Reuters) – British retail sales slowed more
than expected in November but upward revisions to the previous
months meant that the broad picture of steady and unspectacular
growth remained intact, official data showed on Thursday.

The Office for National Statistics said sales volumes
including motor fuel rose 0.3 percent last month, as purchases
of toys, sporting goods and jewellery offset weak demand for
furnitu re and other housing market-related goods. Analysts had
forecast growth of 0.4 percent.

Nov 17, 2010

Bank of England split three ways in November

LONDON (Reuters) – Bank of England policymakers split three ways for a second month running in November, with one wanting more stimulus, another voting for a rate hike and the majority freezing policy but ready to act in either direction.

Sterling rose after the minutes from the November 3-4 Monetary Policy Committee meeting, published on Wednesday, boosted expectations that high inflation would stop the BoE following the U.S. Federal Reserve in injecting more stimulus into the economy.

Nov 17, 2010

Bank split 3 ways in November, majority still on fence

LONDON (Reuters) – Bank of England policymakers split three ways for a second month running in November, with one wanting more stimulus, another voting for a rate hike and the majority freezing policy but ready to act in either direction.

Sterling rose after the minutes from the November 3-4 Monetary Policy Committee meeting, published on Wednesday, boosted expectations that high inflation would stop the BoE following the U.S. Federal Reserve in injecting more stimulus into the economy.

Nov 17, 2010

BoE split 3 ways in Nov, majority still on fence

LONDON, Nov 17 (Reuters) – Bank of England policymakers
split three ways for a second month running in November, with
one wanting more stimulus, another voting for a rate hike and
the majority freezing policy but ready to act in either
direction.

Sterling rose after the minutes from the Nov. 3-4 Monetary
Policy Committee meeting, published on Wednesday, boosted
expectations that high inflation would stop the BoE following
the U.S. Federal Reserve in injecting more stimulus into the
economy.

Nov 10, 2010

Bank seen on hold after Nov inflation forecasts

LONDON (Reuters) – The Bank of England looks set to keep monetary policy on hold for some time to come after its latest forecasts on Wednesday highlighted an uncertain outlook for the economy and a wide range of views among policymakers.

Sterling rose sharply and government bond futures dropped, suggesting investors think it is now less likely Britain’s central bank will join the U.S. Federal Reserve in injecting more stimulus into the economy.

Nov 10, 2010

Bank sees CPI below target in 2 years, ready to act

LONDON (Reuters) – Inflation will fall below target in two years’ time, the Bank of England forecast on Wednesday, but it stressed that prospects for price pressures and growth were highly uncertain and said it stood ready to tighten or loosen policy as necessary.

Sterling rose sharply and government bond futures dropped, suggesting investors think it is now less likely the central bank will follow the U.S. Federal Reserve in injecting more stimulus into the economy by buying assets with newly created money.

Oct 20, 2010

Government slashes spending, raises retirement age

LONDON (Reuters) – The government said on Wednesday it would cut half a million public sector jobs, raise the retirement age and slash the welfare state as part of the biggest spending cuts in a generation.

After months of bitter negotiations, Chancellor George Osborne confirmed he would press ahead with almost all the spending cuts he had outlined in a June budget.

Oct 20, 2010

Britain slashes spending, raises retirement age

LONDON (Reuters) – Britain said on Wednesday it would cut half a million public sector jobs, raise the retirement age and slash the welfare state as part of the biggest spending cuts in a generation.

After months of bitter negotiations, Conservative finance minister George Osborne confirmed he would press ahead with almost all the spending cuts he had outlined in a June budget.