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Carney unveils Fed-style forward guidance

Mark Carney

The new governor of the Bank of England (BoE), Mark Carney, has announced that the central bank will not raise interest rates until U.K. unemployment hits 7 percent. In July, it stood at 7.8 percent.

What recession ? Brits are feeling more confident

British Seaside

Britons are feeling more upbeat about their job prospects than they have for five years, according to new research, which follows a raft of positive economic data boosting hopes the country's economic recovery is here to stay.

UK housing hits 5-year high, no bubble says Nationwide

London Terraces

U.K. house prices surged to a five-year high in July, according to the U.K.'s biggest building society, but the author of the new report told CNBC that talk of a housing bubble are overplayed and price moves are only "modest".

Europe's CEOs 'no longer the most pessimistic'

Thumbs Up At Desk

Business confidence among European CEOs bounced to a two-year high in the second quarter, according to a survey out on Tuesday, with executives in the region now more optimistic than those in Latin America.