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Britain appears to be on the verge of economic recovery amid signs that the most brutal economic downturn in decades may be coming to an end. Manufacturing output and house prices rose and the service sector yesterday reported its strongest spurt of growth for 17 months.
Signs point to Britain being on the cusp of economic fightback
The worst of the recession is over, The National Institute for Economic and Social Research (NIESR) has said. NIESR said it hoped May would prove to be the trough of economic activity. Output is stabilising and, in the absence of further shocks, the period of sharp recession is over.
'Worst of recession over', according to leading UK forecaster
The pound today jumped against the dollar to a nine-month high of $1.7039, its highest level since October, after activity in the services sector rose for a third consecutive month and industrial output recorded a surprise increase.
Sterling hits nine-month high
The Bank of Englands policy committee is expected on Thursday to decide whether to end its programme of purchasing gilts to help economic recovery.
Bank of England may end bond buying
The rate at which jobs are being lost in the American economy appears to be slowing despite potentially conflicting evidence showing planned redundancies are increasing and that the slight recovery in the US service industry has reversed.
US jobs data improves as Goldman raises its GDP forecast
The Securities & Exchange Commission (SEC), concerned about the exponential growth of hyper-frequency trading, announced on Tuesday, Aug. 4, that it was considering a ban on one form of this activity, known as flash trading. But it has said nothing about an even bigger element of high-frequency trading, known as co-location, even as the New York Stock Exchange (NYSE) is building two new facilities to house such traders.
High-Frequency Trading Grows, Shrouded in Secrecy
Hidden in the 'dark pools' of Wall Street, computers designed by stockbroking companies are revolutionising the way the equities market does business.
Man against machines: Trading company shares