What the Bank has to weigh up next week

House prices appear to be stabilising after shedding around 20 percent from their 2007 peaks.

Figures from the Nationwide Building Society show house price rose for a second month running in June, leaving them less than 10 percent down on a year ago.

STERLING

The pound has risen on the foreign exchanges over the past three months, having lost a quarter of its value in trade-weighted terms since mid-2007.

(Reporting by Christina Fincher; Editing by Toby Chopra)