Only one of the nine members of the Bank’s monetary policy committee (MPC), Ian McCafferty, is expected to vote for rates to be increase from 0.5%, where they have been since the depths of the financial crisis more than six years ago.
Britain is on the cusp of seeing its first rise in interest rates in over six years. Though rates are likely to remain unchanged this month, there's a increasingly hawkish tone coming from the Bank of England. Britain's interest rates have stayed at a record low of 0.5% since March 2009.
Sainsbury’s said the like-for-like sales excluding fuel rose 3.6pc in the ten weeks to March 16, with total sales excluding fuel up 6.3pc.
Sales for the supermarket group appear to have benefited from the discovery of horse meat in beef products sold by rivals Tesco and Asda, reports The Telegraph.
The LFB submits:Play: Latest Global Video Charting The reaction to better than expected U.S. Employment data on Friday was for equity trade to move higher, commodities to lose ground, and interest rate markets to be bought. In reality the NFP numbers offered a poor picture of the overall U.S.