Reports fuel rate rise speculation

The Confederation of British Industry (CBI), the Land Registry, and the Chartered Institute of Purchasing and Supply (CIPS) - together with the Royal Bank of Scotland (RBS), all published data suggesting buoyant retail, housing and manufacturing markets. Analysts say the strength of the reports are testament to a thriving economy and say price pressures are building. The Bank of England is set to announce any interest rate rises at a meeting on May 10. The latest figures from the CBI show retail sales grew at their strongest rate for almost three years in April. A net 44% of retaile...