UK Economy

SmartGrid GB includes British Telecom, General Electric, IBM and Scottish Power, Siemens and Toshiba.

The total retail search volumes rose 11 percent in the first quarter of 2012 compared with the same quarter a year ago, providing more evidence of the growing importance of mobile, according to the lastest BRC-Google Online Retail Monitor.

Average asking price for UK homes hits all-time high, according to Rightmove.

The U.K. producer price index for home sales of manufactured products rose 3.6 percent in the year to March 2012, compared to a growth of 4.1 percent in February, according to the latest data released from the Office for National Statistics (ONS).

Britain's trade gap widens more than expected in three months to February as cars and heavy machinery exports to US, Russia and China decline.

U.K. retail sales increased in March as warm weather boosted the sales of non-food goods, at the same time the permanent job placements increased for a third straight month giving an indication that the British economy is recovering slowly.

U.K. house prices dropped at the slowest pace since June 2010 in March, driven by the better economic prospects and buying ahead of the expiry of stamp duty exemption, according to the latest RICS UK Housing Market Survey.

For the service sector dependent Britain, each holiday costs the economy £2.3 billion.

The Britain's industrial output experienced a major decline in almost a year in February, confounding previous upbeat private-sector surveys and signalling doubt on the UK's economic recovery.

The April outlook for British Pound Sterling is expected to be resilient, mainly due to recent PMI data releases about services sector, construction and manufacturing of the UK economy and also struggling eurozone economy.

Private non-bank firms post softer margins in Q4

The British construction activities unexpectedly jumped in March as the increase in new orders supported the latest and fastest growth in activity for four and a half years, according to the latest data released from Markit/Chartered Institute of Purchasing & Supply.

Biggest monthly drop since 2010 as tax break for first-time buyers ends

British banks are required to raise more capital at the earliest as the strength of the worldwide financial markets remains weak.

Britain's slow and steady economic growth helps it in avoiding recession, followed by upbeat data and last week's Greek debt restructuring. The Bank of England holds its asset purchase programme at £325 billion, as economists predicted 0.2 per cent growth in the current quarter.