Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Retail Sales Figures Shock -- Could Pressure Gordon To Hike Soon

Recommended Posts

http://www.tiscali.co.uk/news/newswire.php...y_template.html

LONDON (Reuters) - Retail sales rose more than expected in June, driven by strong large supermarket sales, while the prior month’s gain was revised higher even as price pressures increased markedly.
Retail sales rose 0.9 percent from May compared with a forecast of 0.4 percent.
Separately, the government borrowed more last month than in any June since comparable records began.
The retail sales figures are likely to boost expectations that the Bank of England will raise interest rates within the next few months.

Spend spend spend like there is no tomorrow. Keep it up Gordon, keep those rates low and spend more! Eat, drnk and be merry for tomorow comes the crash. :lol::lol::lol:

Edited by Realistbear

Share this post


Link to post
Share on other sites

http://www.tiscali.co.uk/news/newswire.php...y_template.html

LONDON (Reuters) - Retail sales rose more than expected in June, driven by strong large supermarket sales, while the prior month’s gain was revised higher even as price pressures increased markedly.
Retail sales rose 0.9 percent from May compared with a forecast of 0.4 percent.
Separately, the government borrowed more last month than in any June since comparable records began.
The retail sales figures are likely to boost expectations that the Bank of England will raise interest rates within the next few months.

Spend spend spend like there is no tomorrow. Keep it up Gordon, keep those rates low and spend more! Eat, drnk and be merry for tomorow comes the crash. :lol::lol::lol:

Shock rise in the strength of consumer spending,

Record mortgage lending in June just reported,

Inflation 2.5%+ and growing,

Shicking and massive growth in the money supply to 13.4%,

Pound strengthening and so on

If these aren't the conditions where the economy can "take" an interest rate rise then there will never be one! They know they need to do it - the time is surely upon us. Come on BOE do your duty.

Edited by Prude

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.