UK home loan approvals eased slightly in February after a strong climb at the start of the year, figures from the Bank of England showed Thursday.
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UK home loan approvals eased slightly in February after a strong climb at the start of the year, figures from the Bank of England showed Thursday.
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Bank of England policymakers unanimously decided to leave interest rates and the scale of the quantitative easing unchanged for a third straight month as they expressed concern that a vote in favor of the U.K. exiting the European Union would cause extended uncertainty and hurt the economic outlook.
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The average asking price for a house in the United Kingdom was up 1.3 percent on month in April, property tracking website Rightmove said on Monday, climbing to a record 307,033 pounds.
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British households' finance outlook worsened for the first time in three months in April, while their financial woes eased slightly, results of a survey by Markit Economics and financial information provider Ipsos Mori revealed Wednesday.
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The U.K. factory activity shrank unexpectedly in April, for the first time in three years, signaling that the manufacturing sector entered the second quarter on a poor footing amid "Brexit" fears. The Chartered Institute of Procurement & Supply Purchasing Managers' Index for the manufacturing sector fell unexpectedly to 49.2 in April from a revised 50.7 in March.
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The British construction sector expanded at the weakest pace in almost three years as spending decisions were delayed by clients on "Brexit" fears, survey data from Markit Economics and the Chartered Institute of Procurement & Supply showed Wednesday. The Markit/CIPS construction Purchasing Managers' Index fell to 52.0 in April from 54.2 in the previous month.
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