Tuesday, October 12, 2010

BCC calls Bank of England for expansion QE

The British trade board (BCC) hasn'ted «considerable delay» British economy in the third quarter owing to weaker sales of manufacturers and service sector companies, and has called for the further purchasings of 50 billion pounds by Bank of England more. Both, BCC and CBI, assume that the economy will grow on 0,5 % in the third quarter, more poorly, than 1,2 % in the second. Separately British consortium of retail trade (BRC) marks growth of sales in similar shops in 0,5 % г/г in September, much worse, than in research CBI which reports that realtors endure the most powerful boom of sales for last six years.

Research RICS speaks about possibility of the further price reduction in Britain. Last report has given the further confirmation of weakness of the prices for houses in Britain. The net balance of those who waits more heavy prices, has fallen to-36 last month with-32 in August, to a 16-month's minimum. The evolved offer, reducing of an accessible mortgage and doubt among buyers, - all it was marked by observers.

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