Browsing: England

Sterling fell on Thursday after the Bank of England kept interest rates unchanged and Governor Andrew Bailey said Britain’s economy is “moving in the right direction” for the central bank to start cutting interest rates.

But BoE governor Andrew Bailey signalled a rate-reduction later this year as inflationary pressures ease further

Time lags in re-valuing assets to reflect higher interest rates and difficulties in selling the assets quickly have increased the risks from private credit used by companies for funding, a Bank of England official said on Monday.

Soaring costs for basic essentials have led to a decline in British living standards Surging inflation which has been crippling…

LondonCNN —  The Bank of England hiked interest rates by a quarter of a percentage point Thursday, extending its long-running fight to rein…

Iranian Foreign Ministry Spokesman Nasser Kanaani expressed his concern over the recent burning of an elderly Muslim man in Birmingham,…

European stock markets were lower Thursday as investors digested the latest interest rate hikes by the U.S. Federal Reserve and…

LONDON — The Bank of England on Thursday hiked interest rates by 25 basis point as it grapples with persistent high inflation…

Dollar strength ahead of Federal Reserve Chair Jerome Powell’s speech on Tuesday pushed the British pound 0.3% lower on the…

LONDON — A tight labor market and comparatively slow return to earth for inflation means the Bank of England is…