The slowdown in spending in the US has halted with a bang. Retail spending came in well ahead of expectations hitting a multi-year high at 1.4% growth. It might appear that the US consumer is helping with yet another get out of jail card, but we will have to see if the increase in retail sales continues or whether this is just a timely blip.

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There were no clues to how the members of the Bank of England are thinking when the interest statement was released, it simply read…

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The pound gained back some of its recent losses against the dollar following the release of the Bank of England minutes.

It was a surprise to see all 8 members voting in favour of the last rate rise, taking into account that the last inflation report suggests that the inflation rate would be back to the target level of 2.0 within the year. There was also the comment that a

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