"Given the Bank's caution, it does suggest that they are not particularly keen to loosen monetary policy just yet and that it would take some severe financial market problems or a major downward revision to the activity outlook to get them to move rates in October or even November, " said James Knightley of ING.

BBC: Consumer inflation rises to 4.7%

The BBC's diplomatic correspondent Jonathan Marcus says a revision of Lisbon would create major domestic political problems in many EU states, with referendums or embarrassing parliamentary votes.

BBC: UK wins allies in EU budget battle at summit

" In a blog post, Instagram reps outlined the benefits of the revision, explaining that the site will be able to "fight spam more effectively, detect system and reliability problems more quickly, and build better features for everyone by understanding how Instagram is used.

ENGADGET: Instagram lays framework for monetization, sharing info with Facebook in ToS update