Sterling falls after BoE paves way for rate cut, FTSE 100 jumps to record LONDON: The pound and gilt yields fell on Thursday, while Britain’s blue-chip stock index hit a record after the... Published 09 May, 2024 05:51pm
Business & Finance Bank of England moves closer to first rate cut since 2020 LONDON: The Bank of England took another step towards lowering interest rates, as a second official backed a cut and... Published 09 May, 2024 04:51pm
Business & Finance Bank of England to reform economic forecasting LONDON: The Bank of England (BoE) said Friday it would implement a “substantial upgrade programme” to improve its... Published 12 Apr, 2024 06:59pm
Business & Finance Pound hits one-month low as BOE drops more rate cut hints LONDON: The pound fell to its lowest so far this month on Friday, after data showed UK consumer spending stagnated ... Published 25 Mar, 2024 05:47am
Business & Finance Dollar gains on risk sentiment NEW YORK: The dollar rose on Thursday as the strength of the US economy and high interest rates along with a ... Published 22 Mar, 2024 04:57am
Business & Finance Bank of England holds interest rate at 16-year high LONDON: The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as... Published 21 Mar, 2024 05:53pm
Business & Finance Sterling on track for weekly fall versus dollar LONDON: Sterling was set for its biggest weekly fall against the dollar since December on Friday, as investors ... Published 18 Mar, 2024 04:56am
World UK economy returns to modest growth at start of 2024 LONDON: Britain’s economy returned to growth in January after entering a shallow recession in the second half of... Published 14 Mar, 2024 03:00am
Business & Finance UK economy falls into recession LONDON: Britain’s economy fell into a recession in the second half of 2023, a tough backdrop ahead of this ... Published 16 Feb, 2024 06:02am
Business & Finance BoE puts high rates ‘under review’ LONDON: The Bank of England kept interest rates at a nearly 16-year high on Thursday but opened up the possibility ... Published 02 Feb, 2024 05:20am
Business & Finance Sterling edges up LONDON: Sterling edged up against the dollar and euro on Friday, as traders looked ahead to a Bank of England policy... Published 27 Jan, 2024 06:20am
Business & Finance Dollar higher as big UK inflation drop hits pound NEW YORK: The dollar strengthened against the pound on Wednesday after data revealed sharply falling UK inflation,... Published 21 Dec, 2023 03:54am
Business & Finance Fed stands alone as ECB, BoE stick with tight policy WASHINGTON/FRANKFURT: The US Federal Reserve was left in a camp of its own on Thursday when a host of Europe’s... Published 15 Dec, 2023 03:12am
Business & Finance UK coping with higher rates for now but risks lie ahead: BoE LONDON: British businesses and households are coping with the climb in interest rates so far but the process of... Published 07 Dec, 2023 04:35am
Business & Finance Bank of England warns on fallout from rate hikes LONDON: The Bank of England on Wednesday said its multiple interest-rate hikes aimed at cooling high inflation would... Published 06 Dec, 2023 05:44pm
World British cos most confident since February 2022: Lloyds LONDON: British businesses were their most optimistic in almost two years in November, boosted by growing hopes ... Published 01 Dec, 2023 04:43am
Business & Finance BoE leads central bank chorus on need for restrictive policy HONG KONG: A top UK central banker on Tuesday emphasised that monetary policy would need to be “restrictive” for... Published 28 Nov, 2023 10:56am
World Lawmakers criticise Bank of England inflation forecast LONDON: Members of the House of Lords, Britain’s upper chamber of parliament, demanded Monday that the Bank of... Published 27 Nov, 2023 07:49pm
Markets Sterling edges up vs euro as BoE says policy needs to stay restrictive LONDON: The pound edged up against the euro on Thursday after Bank of England (BoE) policymakers, including Chief... Published 09 Nov, 2023 05:18pm
World Britain scraps cap on banker bonuses inherited from EU LONDON: Britain on Tuesday scrapped a decade-old cap on banker bonuses inherited from the European Union, signalling... Published 30 Oct, 2023 05:24am
Business & Finance Bank of England halts run of interest rate hikes as economy slows LONDON: The Bank of England halted its long run of interest rate increases on Thursday as the British economy... Published 21 Sep, 2023 05:48pm
Business & Finance Dollar retreats ahead of Fed decision NEW YORK: The dollar edged lower on Wednesday ahead of a much-anticipated interest rate decision by the US Federal... Published 21 Sep, 2023 06:08am
Business & Finance BoE is ‘much nearer’ to peak of rate rises, Bailey says The Bank of England is “much nearer” to ending its run of interest rates increases but borrowing costs might still... Published 06 Sep, 2023 07:18pm
Business & Finance BoE will see the job through on inflation, Pill says CAPE TOWN: Bank of England Chief Economist Huw Pill said on Thursday the central bank would “see the job through” on... Published 31 Aug, 2023 02:23pm
Print BoE hikes rate 14th time in row LONDON: The Bank of England on Thursday hiked its key interest rate for a 14th time in a row, by a quarter-point to... Updated 04 Aug, 2023 08:41am
Business & Finance Bank of England raises borrowing costs to 15-year peak, signals rates to stay high LONDON: The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of... Published 03 Aug, 2023 05:53pm
Markets BoE set for fresh rate hike as UK inflation stays high LONDON: The Bank of England is set to raise its key interest rate for a 14th time in a row Thursday as UK inflation... Published 03 Aug, 2023 11:39am
Business & Finance Bank of England forecasts 150 billion pound QE gilt loss LONDON: The Bank of England forecast on Tuesday that it would make a net loss of just over 150 billion pounds ($193... Published 25 Jul, 2023 05:51pm
Markets UK inflation rate falls to 7.9% in June LONDON: British annual consumer price inflation fell to a lower than expected 7.9% in June, figures from the Office... Published 19 Jul, 2023 12:11pm
Markets European shares slide on rate hike jitters PARIS: European shares briefly hit their lowest level in nearly three months on Thursday, with London stocks falling... Published 23 Jun, 2023 06:00am
