Britain's economy to enjoy 'decent but unspectacular growth' say forecasters

Britain's economy will enjoy "decent but unspectacular growth" with wages rising in real terms for the first time in six years and low inflation allowing the Bank of England to avoid raising interest rates before next year's general election, according to a group of economic forecasters.

US pending home sales pull back in June as rates rise

WASHINGTON: Contracts to purchase previously owned U.S. homes fell in June, retreating from a more than six-year high and suggesting rising mortgage rates were starting to dampen home sales.

UK unemployment falls as economy looks set to grow

LONDON (Reuters) - The number of Britons on unemployment benefits dropped in August by the largest amount in two years as companies created new jobs, raising hopes that improved prospects will allow consumers to spend more and get the recovery going.