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U.K. Retail Sales increased by 1.9%

Year-on-year estimates in the quantity bought in the retail industry continued to show growth for the 29th consecutive month in September 2015, increasing by 6.5% compared with September 2014. Compared with August 2015, the quantity bought in the retail industry is estimated to have increased by 1.9%. Analysts were forecasting 0.3% increase. Read more...

UK CPI fell by 0.1%

The Consumer Prices Index (CPI) fell by 0.1% in the year to September 2015, compared to no change (0.0%) in the year to August 2015. No change was expected. A smaller than usual rise in clothing prices and falling motor fuel prices were the main contributors to the fall in the rate. The rate of inflation has been at or around 0.0% for most of 2015. Input price annual inflation fell 13.3% in the year to September 2015, compared with a fall of 14.6% in the year to August 2015.
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Sterling rebounded despite rate hike concerns

After falling on Friday, Sterling managed to rebound in a less volatile Monday's session. The construction data, down 1.3 per cent on the year, were the latest to cast doubts on the pace of an economic recovery that had provoked expectations, now cooled, of a rise in interest rates around the end of this year.
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UK private sector pay growing at fastest rate in 15 years

Private sector earnings are growing at their fastest rate in 15 years, says a report from the Resolution Foundation think-tank.Real average weekly pay grew by between 3.4 per cent and 3.6 per cent in the three months to August compared with the same period of 2014, according to its forecast. Read more...

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