Reports fuel rate rise speculation

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A trio of economic reports suggests an increased rate rise from the Bank of England next week is more likely, according to analysts.

The Confederation of British Industry (CBI), the Land Registry, and the Chartered Institute of Purchasing and Supply (CIPS) - together with the Royal Bank of Scotland (RBS), all published data suggesting buoyant retail, housing and manufacturing markets. Analysts say the strength of the reports are testament to a thriving economy and say price pressures are building. The Bank of England is set to announce any interest rate rises at a meeting on May 10. The latest figures from the CBI show retail sales grew at their strongest rate for almost three years in April. A net 44% of retailers s...

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