The Bank of England has cut interest rates to 0.5% – a fresh all-time low – and said it was now boosting the money supply to help revive the economy.

An excellent series of features on Irelands property wheelers and dealers, their highs and lows, and the optimistic note being sounded by Ballymore Properties.

The pound rose against the dollar and euro after a survey showed U.K. consumer confidence in February rose from the lowest level in at least four years.

The currency also advanced on speculation the Bank of England may bolster economic growth by cutting its benchmark rate to a record low tomorrow and signaling its ready to buy government bonds as part of a quantitative easing policy. An index of U.K. sentiment increased to 43 last month, from 41 in January, which was the worst result since data began in 2004, Nationwide Building Society said today.

Following a weak end of 2008, February saw an increase in levels of market activity – albeit off a very low base, according to the latest statistics from Hometrack.