Howard Archer
Howard Archer
demand domestic fourth goods imports month oil rose successive suggesting surprised uk upside
UK imports of goods excluding oil ... rose for a fourth successive month in February, and by substantial 4.5 percent, suggesting that domestic demand may have surprised on the upside in the first quarter.
boost europe feed growth hoping improving recent signs sustained uk western
Going forward, UK exporters will be fervently hoping that recent signs of improving growth in Western Europe will be sustained and will increasingly feed through to boost exports,
domestic euro fragile hanging marks question relatively strength
The euro zone's upturn is still young and relatively fragile with significant question marks still hanging over the long-term strength of domestic demand.
bank decline england interest leaving output rates sway unchanged unlikely
The disappointing decline in manufacturing output is most unlikely to sway the Bank of England from leaving interest rates unchanged on Thursday.
conclusive evidence pay remaining sustained
The MPC still has to see conclusive sustained evidence that 2006 pay settlements are remaining contained.
bank exactly growth interest matched months rates remain several unchanged
Year-on-year growth of 2.2-percent exactly matched the Bank of England's forecast... reinforcing expectations that interest rates are set to remain unchanged for several more months to come.
basis believe eventually further interest points rates
We believe that interest rates will eventually come down by a further 25 basis points to 4.25%.