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Bank of England expected to hold interest rates

Investors predict MPC will maintain interest at 5.25% when it meets on Thursday.

U.S. approval moves Shell a step closer to Arctic drilling

Reuters - UK Focus

WASHINGTON, March 31 (Reuters) - The U.S. Department of the Interior on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell (Xetra: R6C1.DE - news) a step closer to returning to the Arctic since it suffered accidents in the region in 2012.

"The Arctic is an important component of the Administration's national energy strategy, and we remain committed to taking a thoughtful and balanced approach to oil and gas leasing and exploration offshore Alaska," said Interior Secretary Sally Jewell. (Reporting by Timothy Gardner; Editing by Eric Beech)