European Central Bank lowers borrowing costs for first time in almost five years, but won’t pre-commit to further cutsEuropean Central Bank cuts main interest rate by 0.25 pointsNewsflash: Britain’s construction sector grew at the fastest pace in two years last month.Data firm S&P Global has reported that growth in the UK construction sector gained momentum during May, with activity and new business increasing at sharper rates than in April.Particularly pleasing was the broad-based nature of the rise in activity as work on housing projects increased for the first time in more than a year-and-a-half.“Firms are gearing up for further growth in the months ahead, posting renewed expansions in both employment and purchasing activity as workloads increase. Continue reading...