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Start of the UK Recovery?

Articles in the press are highlighting the recent data from the UK and how the economy is starting to show signs of the long awaited recovery:

The CBI predicts that the UK GDP will grow by 1% this year and 2% next.

The ONS now believes that the UK avoided the publicised and heavily criticised “double-dip” recession

The Telegraph reported on Monday that Governor of the Bank of England Mervyn King might revise their growth forecast higher before he steps down in June.

The UK RICS house-price index has risen to the highest in almost 3 years

Headlines

The Financial Times has a piece focusing on how US hedge funds have turned bullish on the euro.

Israel unexpected cut interest rates on Monday

David Cameron is expected to propose a law to force the EU in-out referendum by the end of 2017, following a rise in the public opinion of the Eurosceptic UKIP party

Danish banks in breach of the nation’s solvency rules will get more time to raise capital and avert failure as the regulator eases its resolution practices - Bloomberg

The CBI expresses fears that the fledgling recovery for the UK economy could be harmed by efforts to bolster bank balance sheets

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