Trends - Bank of England - Business Recorder

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

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

World

UK PM Sunak commits to triple-lock pension policy despite inflation

LONDON: British Prime Minister Rishi Sunak said he was committed to the government's mechanism for increasing state...

Published 16 Aug, 2023 11:03pm

Markets

UK basic wage growth hits record, adding to Bank of England’s worries

LONDON: British wages excluding bonuses were a record 7.8% higher than a year earlier in the three months to June,...

Published 15 Aug, 2023 12:02pm

Markets

Sterling rises as UK basic wage growth hits record high

LONDON: Sterling rose on Tuesday after data showed British wages grew at a record pace in the second quarter, adding...

Published 15 Aug, 2023 11:51am

Business & Finance

UK economy grows unexpectedly in Q2 but still lags peers

LONDON: Britain’s economy eked out unexpected growth in the second quarter, laying the ground for more interest...

Published 15 Aug, 2023 06:30am

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

Business & Finance

UK house prices drop by most since 2009: Nationwide

LONDON: British house prices fell by the most since 2009 in the 12 months to July, mortgage lender Nationwide said...

Updated 01 Aug, 2023 12:28pm

Markets

Bank of England set to raise rates to 5.25% as high inflation persists

LONDON: The Bank of England looks likely to raise rates by a quarter-point to 5.25% on Aug. 3, though economists and...

Published 28 Jul, 2023 11:01am

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

Sterling takes a beating; dollar gains ground

SINGAPORE: Sterling was struggling to recover from a sharp fall on Thursday following UK inflation data that...

Published 20 Jul, 2023 09:26am

Business & Finance

Dollar gains as pound tumbles on cooling UK inflation

NEW YORK: The US dollar bounced on Wednesday after inflation in the United Kingdom cooled more than economists...

Published 20 Jul, 2023 03:12am

Markets

European stock markets advance at open

LONDON: Europe’s stock markets opened higher Wednesday following a hesitant Asian session as dealers awaited key US...

Published 12 Jul, 2023 01:58pm

Markets

Bank of England says UK economy coping with higher rates

LONDON: Britain’s economy is so far proving resilient to the jump in interest rates but it will take time for the...

Published 12 Jul, 2023 01:45pm

Markets

Dollar slides ahead of US inflation data, sterling hits 15-month peak

SINGAPORE: The dollar sank to a two-month low against its major peers on Wednesday in the lead-up to a key US...

Published 12 Jul, 2023 09:29am

Sports

Historic Lord’s provides ‘special’ stage for Ashes Test

LONDON: Lord’s will provide a fitting backdrop to this week’s Ashes drama as the spiritual ‘Home of Cricket’ hosts...

Published 27 Jun, 2023 11:44am

Markets

BIS warns world economy at critical juncture in inflation fight

LONDON: The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for...

Published 25 Jun, 2023 05:50pm

Business & Finance

BoE hikes rate half-point as high inflation persists

LONDON: The Bank of England Thursday lifted its key interest rate by a half-point to five percent to tackle...

Published 23 Jun, 2023 06:00am