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- European session: the euro rose
European session: the euro rose
The U.K. currency strengthened for a second day versus the euro. Prices charged by retailers rose 2.7 percent from a year earlier, up from 2.5 percent in January, as non-food stores passed on the government’s increase in sales tax, the British Retail Consortium in London said today. The February reading is the highest since November 2008.
Bank of England policy makers will maintain the U.K. interest rate at a record-low 0.5 percent tomorrow, according to all 61 economists. It will maintain its bond-purchase program at 200 billion pounds, a separate survey shows.
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