Economics / Markets

SOAPBOX

Sterling rose against other major currencies this morning after the minutes from Monetary Policy Committee (MPC) meeting showed most members backed Mark Carney's forward guidance policy on interest rates.

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Most members of the Bank of England's Monetary Policy Committee (MPC) backed their new governor's policy of forward guidance on interest rates, minutes from the Committee's latest meeting show.

Reading-based Beaufort Asset Management has appointed a new adviser and a marketing manager.

The 18-month double-dip recession in the eurozone is expected to end today as official figures from Brussels are due to show a return to growth for the three months to June, the Guardian reports.

Financial services group Resolution helped push the FTSE 100 index higher this morning after better-than-expected half-yearly results.

The UK's headline inflation rate fell back to 2.8% in July, matching analysts expectations, the latest data has revealed.

Samlam Private Wealth has bought two more financial planning client banks - taking the total of acquired banks to 15 since 2009.

Fixed income managers have cautioned the Bank of England (BoE) will be forced to backtrack on its forward guidance measures as it has been too pessimistic over the state of the UK economy.