A newonline marketplace for used cars has launched in the UK. heycar.co.uk has launched with a mission to bring greater trust and transparency to one of the UK economy’s largest retail sectors. The brand aims to do this by creating a superior user experience for consumers and dealers launching with an inventory of over 100,000 …
British pound Stirling fell by almost 1% against the US dollar as manufacturing contracted much more then anticipated with U.K.’s February PMI coming well below expectations at 47.9. Economists were expecting 51!
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The UK economy shrank as forecasted by 0.3% in the Q4 in 2012. This compares to economic growth of 0.9% in Q3, -0.4% in Q2 and -0.2% in Q1 of 2012 for nil growth in the past year.
#UK #realestate #China – China’s State Administration of Foreign Exchange (SAFE) which manages country’s $3.31T in foreign-exchange reserves bought real estate in the UK worth $1.6 Bln in recent deals according to WSJ. Although a drop in the bucket, move could signal a rising allocation to foreign property purchases.
