Week of 2/2/2015

  • Denmark has cut its interest rates once again in order to keep its currency, the krone, pegged against the euro to -0.75%
  • Bank of England has kept its interest rates at 0.5%
  • House prices bounced back in January at a quarterly rise (reported by Halifax) of 1.9%
  • IFS says the ‘worst cuts are to come’
  • The UK’s services sector has grown with its purchasing manager’s index reaching 57.2 in January

Source: www.bbc.co.uk/news/business/economy