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Lucie Jelfs Private View 9th June @Findlay

Once again we are participating in the burgeoning Hackney Art Week and we are delighted to be hosting an exhibition by a talented and original local artist, Lucie Jelfs, in our office at 73 Broadway Market, E8 4PH.

Please join us for a private view of Lucie’s work on Tuesday 9th June from 7-9pm.

Click here for Hackney Art Week’s online brochure and to see all the exciting exhibitions and events happening in the area over the course of the next 2 weeks…

Click here for @ryanlanji interviewing Findlay’s Director @jpvancauwelaert

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BoE and ECB keep interest rates at record low

The Bank of England today kept interest rates at a record low of 0.5 per cent and made no increase to its unprecedented scheme of pumping money into an economy struggling to get back on its feet.

The decision was widely expected and analysts expect no change in monetary policy until much later this year as the central bank waits for a clearer recovery from the worst economic downturn since World War II.

If anything, BoE policymakers have left the door open to more monetary easing in the form of expanding their £200 billion scheme to buy assets with newly created money — quantitative easing in the jargon — if the economy worsens.

RICS – British house prices probably won’t fall this year

U.K. house prices probably won’t fall this year as the shortage of homes and low interest rates support the property market, the Royal Institution of Chartered Surveyors said.

“With housing supply continuing to be tight and interest rates likely to remain low, it seems unlikely that prices will dip again,” the London-based lobby group said in a statement. “Activity will still be constrained, so that recovery will continue to be slow, particularly outside of London and the southeast.”

Source: RICS

UK pound drops on hung parliament fears

The pound has tumbled to a 10-month low as fears grow the UK will have a hung parliament in the forthcoming election.

The currency fell 1.7% to drop below the $1.50 level against the dollar for the first time since May. It has lost 7% against the dollar this year.

The pound also fell against the euro and most other major currencies.

The weak pound is good news for property investors, as UK house prices become cheaper to buyers from overseas.

Source: BBC