In an interview with Bloomberg TV Bank of England policy-maker Adam Posen has stated that, "I'm certainly leaning toward -- but who knows -- doing more QE if we don't change the forecast," although he did add that, "slightly more optimistic than I was a few months ago."

-Weaker activity led by a slowdown in new order growth.

In a radio interview yesterday afternoon on BBC Radio 5 Bank of England (BoE) policy-maker Adam Posen indicated that he believes that inflation "is going to keep falling all year, just as we forecast."

-Weaker activity led by a slowdown in new order growth.

-Foreign demand rose for a second month, but in a less marked fashion.

-Foreign demand rose for a second month, but in a less marked fashion.

House prices fell by 0.2% on the month in January according to the latest data just published by Nationwide Building Society, to £162,228.

UK job openings and salaries were higher in January than in the same month of last year, according to the monthly survey carried out by recruitment internet site Reed.

US equities are now being called to rise slightly following the announcement of the European Union's 'fiscal compact' last night, and despite some mixed company earnings reports this morning.

Mortgage approvals rose to a 24-month high in December, according to the Bank of England, but experts were quick to point out lending remains historically low.

Mortgage approvals rose to a 24-month high in December, according to the Bank of England but experts were quick to point out lending remains historically low.

Consultancy GFK's index of consumer confidence in the United Kingdom improved during the month of January to -29 points, versus -33 in December and -29 one year ago.

The price of homes in the United Kingdom stayed flat during the month of January, according to Hometrack, reflecting a slow start to the year, with an extension of the seasonal slowdown and weak consumer confidence.

The Confederation of British Industry's (CBI) distributive trades survey's balance for reported sales volumes plunged to -22 in January from +9 the month before, to its lowest level since March 2009.

Howard Archer (Chief UK + European Economist at HIS Global Insight)

Gross domestic product (GDP) growth in the United Kingdom contracted at an 0.2% quarterly rate in the fourth quarter, according to the latest data out this morning from the Office for National Statistics (ONS).

-Mixed signals on UK corporate bond market at end 2011.