U.K. rate rise all but confirmed after retail figures surge

20 September 2017

 

The rate rise in the U.K is almost a certainty after strong retail sales in August. Markets had increased the probability of a rate increase after recent comments from the Bank of England and the latest retail figures appear to remove any doubt. Retail sales increased by 1.0% in both terms of value and volume during August. Compared to a year ago, sales were up by 5.6% in nominal terms...

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