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UK GDP rose in line with market expectations

UK GDP in volume terms increased by 0.5% in Quarter 3 (Jul to Sep) 2015 and by 2.3% when compared to the corresponding quarter of the previous year. This was in line with market expectations. Between 2013 and 2014 GDP increased by 2.9%; this was the highest annual rate of growth since 2005, when there was an increase of 3.0%.

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UK House Prices up by 0.1% in November

UK house prices edged up by 0.1% in November, though the annual pace of price growth slowed a little, to 3.7% from 3.9% the previous month. The annual rate of house price growth has fluctuated in a fairly narrow range between 3% and 4% over the past six months, which is broadly consistent with earnings growth over the longer term.

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U.K. Retail Sales down by 0.6%

Year-on-year estimates in the quantity bought in the retail industry show growth for the 30th consecutive month in October 2015, increasing by 3.8% compared with October 2014. The underlying pattern in the data, as suggested by the 3 month on 3 month movement in the quantity bought, showed growth for the 23rd consecutive month, increasing by 0.9%.  Read more...

Carney has to analyze risks to the UK from drought in bond-market liquidity

Mark Carney and his officials must take a close look at the risks posed to the U.K. from a possible drought in bond-market liquidity and report back to Parliament, the chairman of its Treasury committee said, as Bloomberg reports. Andrew Tyrie, a Conservative Party lawmaker, said on Sunday in a letter to the Bank of England governor that he would like a "detailed response" to his query on potential threats posed by a cocktail of future unwinding of stimulus, including quantitative easing, and the effects of rules imposed on banks. Read more...

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