Trends - Bank of England - Business Recorder

Business & Finance

BoE’s Bailey says getting inflation to 2% will be ‘hard work’

LONDON: Bank of England Governor Andrew Bailey said getting inflation down to the central bank’s 2% target will be...

Published 27 Nov, 2023 01:10pm

Business & Finance

BoE’s Greene says latest data good news for UK inflation outlook

LONDON: Bank of England rate-setter Megan Greene said on Thursday that this week’s inflation and jobs data were...

Published 16 Nov, 2023 02:51pm

Business & Finance

UK inflation falls sharply, relieving pressure on PM Sunak

LONDON: UK inflation fell more than expected in October, data showed Wednesday, easing a cost-of-living crisis and...

Published 15 Nov, 2023 01:35pm

Markets

Real estate stocks lead European shares to biggest weekly gain

PARIS: Europe’s benchmark STOXX 600 index posted its biggest weekly gain since March on Friday, supported by...

Published 04 Nov, 2023 06:00am

Markets

Oil prices rise after Fed, BoE keep rates unchanged

BENGALURU: Oil prices gained more than $2 a barrel on Thursday and were set to break a three-day declining streak as...

Published 03 Nov, 2023 06:11am

Business & Finance

Dollar retreats as risk appetite rises

NEW YORK: The US dollar weakened broadly on Thursday, as investors bet that the Federal Reserve is done raising...

Published 03 Nov, 2023 06:11am

Markets

Bank of England keep rates at 15-year high, rules out quick cuts to help economy

LONDON: The Bank of England held interest rates at a 15-year peak as it kept up its fight against the highest...

Updated 02 Nov, 2023 05:05pm

Markets

Wall St gains on megacap boost ahead of Fed verdict

NEW YORK: Wall Street’s main indexes rose on Monday, boosted by megacap growth stocks ahead of a busy week of...

Published 31 Oct, 2023 05:26am

Business & Finance

Dollar slides ahead of central bank meetings

NEW YORK: The US dollar fell on Monday, dropping to a two-week low against the yen, as traders looked ahead to...

Published 31 Oct, 2023 05:26am

Markets

Dollar holds near 150 yen as central bank policy, data deluge awaited

SINGAPORE: The dollar inched broadly higher in cautious trade on Monday and held near 150 yen as traders looked to a...

Published 30 Oct, 2023 09:56am

Markets

Sterling weakens as soft data supports BoE rate view

LONDON: The British pound extended the previous day’s losses on Wednesday after gloomy economic data affirmed the...

Published 25 Oct, 2023 03:25pm

Markets

BoE’s Bailey says Sept CPI ‘not far off’ expectations

LONDON: Bank of England Governor Andrew Bailey said inflation data for September, which failed to fall as most...

Published 20 Oct, 2023 12:30pm

Business & Finance

UK inflation rate unexpectedly holds at 6.7% in September

LONDON: British annual consumer price inflation (CPI) held at an 18-month low of 6.7% in September, bucking...

Published 18 Oct, 2023 12:31pm

World

UK opposition Labour says power ‘within our grasp’

LIVERPOOL: Britain’s main opposition Labour Party said at its annual conference on Monday that power was ...

Published 10 Oct, 2023 06:19am

Markets

Metro Bank shares gain after deal to bolster finances

LONDON: Shares in Metro Bank jumped in early trading on Monday, after the embattled British lender struck a...

Published 09 Oct, 2023 12:44pm

Markets

Sterling falls to 6-1/2-month low versus dollar

Sterling fell to a new 6-1/2-month low against the dollar on Tuesday on concerns about the economic outlook and...

Published 03 Oct, 2023 01:49pm

Markets

London stocks kick off Q4 lower as rising yields bite

LONDON: London stocks gave up early gains and closed lower on Monday as rising yields pushed equities down, while...

Published 03 Oct, 2023 06:02am

World

BoE's Mann warns inflation pressure higher than forecasts show

LONDON: Bank of England rate-setter Catherine Mann said on Monday that she thought the central bank's forecasts told...

Published 02 Oct, 2023 11:04pm

Markets

Sterling hits fresh six-month low against dollar as BoE seen done with hikes

LONDON: Sterling fell to a fresh six-month low against a strengthening dollar on Wednesday as markets are pricing in...

Published 27 Sep, 2023 06:11pm

Markets

Oil jumps 3% as steep US crude stockdraw adds to supply concerns

HOUSTON: Oil prices surged about 3% on Wednesday, after US crude stocks fell more than expected, adding to worries...

Updated 27 Sep, 2023 08:49pm

Markets

Sterling hits fresh multi-month lows on dollar and euro

LONDON: The pound dipped to its lowest in six months against the dollar and its weakest in four months against the...

Published 25 Sep, 2023 06:26pm

Business & Finance

Dollar edges up vs pound, euro on Fed support

NEW YORK: The US dollar edged higher against the pound and the euro on Thursday, a day after the Federal Reserve ...

Published 22 Sep, 2023 03:33am

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

Markets

Bank of England faces rate-hike dilemma

LONDON: The Bank of England is expected to raise its key interest rate for a 15th straight time Thursday but the...

Published 21 Sep, 2023 11:24am

Markets

Goldman Sachs expects BoE to hold rates on Thursday after lower CPI

LONDON: Goldman Sachs said on Wednesday it now expects the Bank of England to keep interest rates unchanged on...

Published 20 Sep, 2023 03:54pm

Markets

Bank of England’s Woods says in impairments among banks are rising

LONDON: Bank of England Deputy Governor Sam Woods said on Tuesday that impairments were rising among banks after...

Published 19 Sep, 2023 12:53pm

Markets

Asian currencies subdued ahead of a slew of central bank meetings

Asian currencies were subdued on Monday in a week packed with central bank meetings in Indonesia and the Philippines...

Published 18 Sep, 2023 09:56am

Markets

Bank of England readies what may be its final rate hike

LONDON: The Bank of England is likely to hike interest rates once again this week, possibly the last hurrah for one...

Published 17 Sep, 2023 12:49pm

Markets

Interest rate cliffhanger as ECB mulls hike or pause

FRANKFURT: Eurozone interest rate setters face the toughest call of their long battle against red-hot inflation...

Published 14 Sep, 2023 11:19am

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