Trends - Bank of England - Business Recorder

Bank of England

BoE set to keep full-speed stimulus despite split over inflation risk

That would allow the BoE to crack on with the task of shrinking its massive balance sheet, possibly in mid-2022

Published 28 Jul, 2021 11:54am

Business & Finance

ECB lifts Covid-era curbs on banks’ dividends

FRANKFURT: The European Central Bank said Friday it would end pandemic-era restrictions on banks’ payouts to...

Published 24 Jul, 2021 04:27am

Business & Finance

Sterling slips against dollar

LONDON: Sterling slipped on Friday against the dollar, and headed for its worst week in a month, as investors sought...

Published 17 Jul, 2021 04:21am

Business & Finance

Sterling recoups early losses

LONDON: Sterling reversed earlier losses on Thursday and moved higher after Bank of England policymaker Michael...

Published 16 Jul, 2021 04:34am

Business & Finance

Sterling climbs against dollar

LONDON: Sterling climbed against the dollar on Wednesday as UK inflation rose more than expected to its highest in...

Published 15 Jul, 2021 04:03am

Business & Finance

ECB launches pilot project to create ‘digital euro’

FRANKFURT: The European Central Bank on Wednesday formally launched a pilot project to create a “digital euro”,...

Published 15 Jul, 2021 04:03am

Markets

Sterling slips to April low after BoE warns of over-reaction to inflation

The pound slipped in morning trading to $1.3765 versus the dollar, its lowest level since April, and was down 0.2% at $1.3802.

Published 01 Jul, 2021 05:01pm

Business & Finance

Britons resume borrowing, rush to buy homes as economy reopens

LONDON: British consumers have resumed borrowing and house prices have jumped by the most in more than 16 years,...

Published 30 Jun, 2021 03:54am

Markets

Sterling set for worst month vs dollar since September

Britain recorded 16,703 new cases of COVID-19 on Thursday, the highest total since early February.

Published 25 Jun, 2021 02:00pm

Markets

Bank of England takes action against Euroclear for settlement outage

Brussels-based Euroclear said it had kept the regulator

Published 25 Jun, 2021 12:23pm

Markets

Dollar firm as traders brace for US inflation data

In emerging markets, the Mexican peso surged to a two-week high following a surprise benchmark interest rate hike.

Published 25 Jun, 2021 09:38am

Business & Finance

Early trade in New York: Dollar holds below two-month highs

NEW YORK: The dollar dipped on Thursday as investors evaluated the likelihood that the US Federal Reserve will be...

Published 25 Jun, 2021 04:20am

Business & Finance

BoE keeps low rate, sees 'temporary' inflation spike

LONDON: The Bank of England on Thursday kept its main interest rate at a record-low level, but warned inflation ...

Published 25 Jun, 2021 04:20am

Business & Finance

Bank of England sees inflation peaking at over 3pc before falling back

The BoE's nine monetary policymakers voted 8-1 to keep its government bond-buying programme at 875 billion pounds ($1.22 trillion). They voted 9-0 in favour of keeping its corporate bond programme at 20 billion pounds.

Published 24 Jun, 2021 04:46pm

Markets

Dollar steady, sterling slips ahead of Bank of England meeting

Dollar index slips as markets digest Fed comments
BoE expected to leave monetary policy unchanged

Published 24 Jun, 2021 12:58pm

Markets

Sterling takes a breather as BoE policy decision looms

Pound down 0.1% vs dollar, euro
Bank of England policy decision 1100 GMT

Published 24 Jun, 2021 12:57pm

Business & Finance

Bank of England torn between inflation fears and Covid recovery

The BoE's chief task is to use monetary policy as a tool to keep the inflation rate close to a 2.0-percent target, in order to preserve the value of money.

Updated 24 Jun, 2021 09:54am

Markets

Gold at over 1-month low after Fed's hint of early rate hikes

Higher interest rates will dull gold's appeal as they translate into a higher opportunity cost of holding it.

Published 17 Jun, 2021 10:45am

Business & Finance

Sterling ticks higher

LONDON: Sterling rose on Wednesday after data showed British inflation unexpectedly jumped above the Bank of...

Published 17 Jun, 2021 03:27am

Business & Finance

UK inflation hits 2.1pc, vaults past BoE target

LONDON: British inflation unexpectedly jumped above the Bank of England’s target in May when it hit 2.1%, part of ...

Published 17 Jun, 2021 03:27am

Markets

Bank of England launches climate stress test for banks and insurers

Protesters have urged banks like HSBC and Barclays to stop financing fossil fuels.

Published 08 Jun, 2021 03:45pm

Business & Finance

Sterling fails to hold on to gains

LONDON: Sterling fell against a strengthening dollar on Friday after data showed US consumer prices surged in April,...

Published 29 May, 2021 03:59am

Markets

European shares at record high on gains in financials, U.S. spending plan

The pan-European STOXX 600 index rose 0.6pc to a record high of 448.98 points and added 1pc this week.

Published 28 May, 2021 11:43pm

Markets

FTSE 100 flat as losses in miners, energy stocks offset gains in banks

The blue-chip FTSE 100 index was falt with banks and life insurers adding 0.6pc and 0.1pc, respectively. HSBC Holdings and Prudential provided the biggest boost.

Updated 28 May, 2021 11:43pm

Business & Finance

Sterling rises on BoE comments

LONDON: Sterling rose against the dollar on Thursday after a Bank of England policymaker said the central bank was...

Published 28 May, 2021 04:08am

Markets

Sterling lifted by BoE comments on rate hike timing

The British currency recovered from an overnight drop against the dollar that took it to a 10-day low, as the greenback's spike higher fizzled out by the start of European trading.

Published 28 May, 2021 12:16am

Business & Finance

BoE's Vlieghe sees rates rising in 2022 if economy recovers

BoE's Vlieghe sees a first rate rise "well into" 2022.
Strong Q1 2022 labour data could bring hike soon after.
Sterling and bond yields rise after Vlieghe's remarks.

Published 27 May, 2021 06:41pm

Business & Finance

Sterling steadies below $1.42

LONDON: Britain’s pound held within recent ranges on Monday, trading just shy of $1.42 as analysts set their eyes...

Published 25 May, 2021 04:40am

Business & Finance

Bank of England aims for greener corporate bond portfolio

BoE to refocus corporate bond holdings on greener companies.
UK government asked BoE to support its net-zero carbon aims.
No immediate divestment planned, firms told to lower emissions.

Published 21 May, 2021 06:57pm

Markets

Bank of England plans to 'green' its corporate bond holdings

"The precise calibration of this approach will be developed in the coming months," Hauser said.

Published 21 May, 2021 02:01pm

Gainers
Losers
Leaders

Stock	Price
Ist Paramount / Jul 28 First Paramount Modaraba(FPRM)	7.84 ▲ 1.00 (14.62%)
First Pak Modaraba / Jul 28 First Pak Modaraba(PAKMI)	4.90 ▲ 0.50 (11.36%)
First Fid. Leas. / Jul 28 First Fidelity Leasing Modaraba(FFLM)	3.30 ▲ 0.33 (11.11%)
B. F. Mod. / Jul 28 B.F. Modaraba(BFMOD)	5.98 ▲ 0.48 (8.73%)
Ghazi Fab. / Jul 28 Ghazi Fabrics International Limited(GFIL)	12.60 ▲ 1.00 (8.62%)
Quetta Textile / Jul 28 Quetta Textile Mills Limited(QUET)	12.00 ▲ 0.93 (8.40%)
First IBL Mod. / Jul 28 First IBL Modaraba(FIBLM)	3.25 ▲ 0.25 (8.33%)
First Tri-Star Mod. / Jul 28 First Tri-Star Modaraba(FTSM)	13.75 ▲ 1.00 (7.84%)
Arpak Int. / Jul 28 Arpak International Investments Ltd.(ARPAK)	81.02 ▲ 5.65 (7.50%)
J. D. W. / Jul 28 JDW Sugar Mills Limited(JDWS)	231.13 ▲ 16.12 (7.50%)

Stock	Price
Security Bank / Jul 28 Security Investment Bank Limited(SIBL)	6.30 ▲ -0.76 (-10.76%)
Bilal Fibres / Jul 28 Bilal Fibres Limited(BILF)	3.38 ▲ -0.33 (-8.89%)
Safe Mix / Jul 28 Safe Mix Concrete Limited(SMCPL)	9.85 ▲ -0.90 (-8.37%)
Sakrand Sugar / Jul 28 Sakrand Sugar Mills Limited(SKRS)	11.72 ▲ -1.00 (-7.86%)
Mirpurkhas Sugar / Jul 28 Mirpurkhas Sugar Mills Limited(MIRKS)	117.43 ▲ -9.52 (-7.50%)
Ellcot Sp. / Jul 28 Ellcot Spinning Mills Limited(ELSM)	150.09 ▲ -12.16 (-7.49%)
Prosperity / Jul 28 Prosperity Weaving Mills Limited(PRWM)	50.14 ▲ -4.06 (-7.49%)
Dawood Equities / Jul 28 Dawood Equities Limited(DEL)	21.27 ▲ -1.72 (-7.48%)
Maqbool Tex. / Jul 28 Maqbool Textile Mills Limited(MQTM)	33.29 ▲ -2.69 (-7.48%)
Ashfaq Textile / Jul 28 Ashfaq Textile Mills Limited(ASHT)	19.95 ▲ -1.61 (-7.47%)

Stock	Volume
Worldcall / Jul 28 Worldcall Telecom Limited(WTL)	40,208,500 ▼ 0.00
Byco Petroleum / Jul 28 Byco Petroleum Pakistan Limited(BYCO)	26,867,500 ▼ 0.00
Telecard Ltd. / Jul 28 Telecard Limited(TELE)	13,041,500 ▼ 0.00
Unity Foods / Jul 28 Unity Foods Limited(UNITY)	11,823,506 ▼ 0.00
K-Electric Ltd / Jul 28 K-Electric Limited(KEL)	11,355,500 ▼ 0.00
Hum Network / Jul 28 Hum Network Limited(HUMNL)	10,937,000 ▼ 0.00
Silkbank / Jul 28 Silkbank Limited(SILK)	10,234,500 ▼ 0.00
TPL Corp / Jul 28 TPL Corp Limited(TPL)	10,150,500 ▼ 0.00
Sui Northern / Jul 28 Sui Northern Gas Pipelines Limited(SNGP)	9,659,212 ▼ 0.00
TPL Properties / Jul 28 TPL Properties Limited(TPLP)	9,613,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 27	161.40
USD PKR Interbank Buying / Jul 27	161.30
USD to Japanese Yen / Jul 27	109.78
USD to Swiss Franc / Jul 27	0.91
Pound Sterling to USD / Jul 27	1.39
Euro to USD / Jul 27	1.18
UK LIBOR % / Jul 27	0.08

Stock	Volume
S&P 500 / Jul 27	4401.46
India Sensex / Jul 27	52578.76
Tokyo Nikkei / Jul 27	27970.22
Nasdaq / Jul 27	14660.58
Hang Seng / Jul 27	25086.43
FTSE 100 / Jul 27	6996.08
Dow Jones / Jul 27	35058.52
Germany DAX 30 / Jul 27	15519.13
France CAC40 / Jul 27	6531.92

Item	Value
Crude Oil / Jul 27	71.99
Karachi Cotton Assoc. / Jul 27	12880.00
Gold 10 Grams / Jul 27	94050.00
Gold Spot / Jul 27	1800.37
Cotton / Jul 27	90.23

Bank of England

BoE set to keep full-speed stimulus despite split over inflation risk

ECB lifts Covid-era curbs on banks’ dividends

Sterling slips against dollar

Sterling recoups early losses

Sterling climbs against dollar

ECB launches pilot project to create ‘digital euro’

Sterling slips to April low after BoE warns of over-reaction to inflation

Britons resume borrowing, rush to buy homes as economy reopens

Sterling set for worst month vs dollar since September

Bank of England takes action against Euroclear for settlement outage

Dollar firm as traders brace for US inflation data

Early trade in New York: Dollar holds below two-month highs

BoE keeps low rate, sees 'temporary' inflation spike

Bank of England sees inflation peaking at over 3pc before falling back

Dollar steady, sterling slips ahead of Bank of England meeting

Sterling takes a breather as BoE policy decision looms

Bank of England torn between inflation fears and Covid recovery

Gold at over 1-month low after Fed's hint of early rate hikes

Sterling ticks higher

UK inflation hits 2.1pc, vaults past BoE target

Bank of England launches climate stress test for banks and insurers

Sterling fails to hold on to gains

European shares at record high on gains in financials, U.S. spending plan

FTSE 100 flat as losses in miners, energy stocks offset gains in banks

Sterling rises on BoE comments

Sterling lifted by BoE comments on rate hike timing

BoE's Vlieghe sees rates rising in 2022 if economy recovers

Sterling steadies below $1.42

Bank of England aims for greener corporate bond portfolio

Bank of England plans to 'green' its corporate bond holdings

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