Bank of England Governor Mervyn King will tomorrow try to justify why officials stopped expanding stimulus even as the outlook for Europe’s economy darkens.
Britain’s unemployment rate fell to a five-year low in the first quarter as the economy created work at a record pace, evidence the recovery is sustaining momentum.
Bank of England Governor Mervyn King may have to embark on a new round of bond purchases as Britain’s rebound from the worst recession since World War II fades.
U.K. services grew at the slowest pace in seven months in January as new business cooled and wet weather soaked the country.
"The last couple of months do hint at some cooling off in the near-term momentum."
- Alan Clarke on Aug 06, 2014
BNP’s Clarke Says BOE May Act This Week: Audio