Trends - Bank of England - Business Recorder

Markets

FTSE 100 gains ahead of central bank meetings

LONDON: The FTSE 100 gained on Monday as investors awaited a slew of central bank decisions this week, with Unilever...

Published 31 Jan, 2023 06:58am

Markets

Oil slips as rate hikes loom and Russian flows stay strong

LONDON: Oil slipped on Monday as looming increases to interest rates by major central banks and signs of strong...

Published 31 Jan, 2023 06:45am

Markets

Asia shares welcome China back, ready for rate hikes

SYDNEY: Asian shares edged higher on Monday into a week that is certain to see interest rates rise in Europe and the...

Published 30 Jan, 2023 10:43am

Markets

Dollar cautiously firm ahead of busy central bank week

SINGAPORE: The dollar firmed on Monday and distanced itself from an eight-month trough ahead of a slew of central...

Published 30 Jan, 2023 09:40am

Business & Finance

BoE’s Bailey sees more optimism about inflation falling

LONDON: Bank of England Governor Andrew Bailey said there was now more optimism about the prospects for inflation...

Published 19 Jan, 2023 06:14pm

Business & Finance

US dollar falls vs major currencies

NEW YORK: The dollar fell against most major currencies on Tuesday in choppy trading, weighed down by expectations ...

Published 18 Jan, 2023 06:22am

Markets

FTSE 100 in sight of record high as financial stocks gain

LONDON: Britain’s blue-chip FTSE 100 closed higher on Monday, leaving it less than a percent below the record high...

Published 17 Jan, 2023 06:02am

Business & Finance

UK insurance reforms pose risks to policyholders, BoE’s Bailey says

LONDON: The British government’s proposed changes to insurance sector capital rules present a risk to policyholders...

Published 16 Jan, 2023 09:08pm

Markets

London stocks slip as consumer shares drag on recession fears

Britain’s FTSE 100 retreated from a three-and-a-half year high on Tuesday, led by consumer stocks amid recession...

Published 10 Jan, 2023 02:36pm

Markets

King Charles banknotes to enter UK circulation from mid-2024

LONDON: The first banknotes bearing the image of King Charles III are set to enter circulation by mid-2024, the Bank...

Published 20 Dec, 2022 12:40pm

Markets

Yen rises on report of Japan govt move for more flexible inflation target

SINGAPORE: The yen climbed on Monday on news that the Japanese government is set to revise a joint statement with...

Published 19 Dec, 2022 10:38am

Opinion

Britain takes fight to restore investor faith into 2023

Major investors are rethinking their support for Britain’s economy following months of political turmoil and...

Published 17 Dec, 2022 05:58am

Business & Finance

ECB, BoE raise interest rates

LONDON: The European Central Bank and Bank of England raised its key interest rates on Thursday and indicated that...

Published 16 Dec, 2022 05:58am

Business & Finance

Bank of England lifts interest rate to 14-year high

LONDON: The Bank of England on Thursday hiked its interest rate by half a point to 3.5 percent, the highest level in...

Published 15 Dec, 2022 06:31pm

Business & Finance

UK economy rebounds in Oct

LONDON: Britain’s economy rebounded in October a little more strongly than expected from September when output was...

Published 13 Dec, 2022 07:38am

Markets

Indian rupee likely to slip as US data stokes higher rates worry

MUMBAI: The Indian rupee was expected to weaken at the open on Monday as the US dollar and Treasury yields ticked...

Published 12 Dec, 2022 10:08am

Markets

Dollar rises as inflation pressures persist; FOMC meeting in focus

SINGAPORE: The dollar firmed on Monday after data showed producer prices in the United States rose more than...

Published 12 Dec, 2022 09:40am

Business & Finance

Dollar eases against euro as investors weigh rates outlook

NEW YORK: The dollar edged lower on Thursday against the euro as investors weighed the outlook for US Federal ...

Published 09 Dec, 2022 05:58am

Markets

Bank of England to add 50 bps to Bank Rate on Dec. 15; peak at 4.25% in Q2

LONDON: The Bank of England will add another 50 basis points to Bank Rate next week and take borrowing costs to...

Published 08 Dec, 2022 11:35am

Business & Finance

Global central banks increase pace of rate hike in November

LONDON: The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy...

Updated 05 Dec, 2022 06:45am

Business & Finance

BoE's Dhingra warns of deeper and longer recession with higher rates

LONDON: Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest...

Published 03 Dec, 2022 11:21pm

Business & Finance

Sterling edges up against dollar

LONDON: Sterling edged up against a weaker dollar on Monday, hovering near a three-month high, even as Britain’s...

Published 29 Nov, 2022 05:57am

Business & Finance

Sterling set for third straight weekly gain, but vulnerable

LONDON: Sterling was slightly lower on Friday but still set for its third consecutive weekly gain against a ...

Published 28 Nov, 2022 05:48am

Business & Finance

Covid in China sets sterling for biggest daily fall in two weeks

LONDON: Sterling slipped against a strengthening US dollar on Monday as global risk sentiment was dented by rising...

Published 22 Nov, 2022 03:23am

Business & Finance

UK unveils recession budget following markets chaos

LONDON: Britain on Thursday unveiled a painful budget with £55 billion ($65 billion) of tax hikes and spending cuts...

Published 18 Nov, 2022 05:53am

Business & Finance

BoE could deepen UK recession if it raises rates further

LONDON: The Bank of England’s newest interest rate-setter Swati Dhingra said on Wednesday that the British central...

Published 16 Nov, 2022 08:21pm

World

UK’s Hunt: ‘Tough’ decisions on tax and spending needed to tackle inflation

LONDON: British finance minister Jeremy Hunt said on Wednesday “tough but necessary” decisions were required to...

Published 16 Nov, 2022 02:08pm

Business & Finance

UK inflation accelerates to 41-year peak

LONDON: British inflation has accelerated to the highest level for 41 years, driven by soaring energy, food and...

Published 16 Nov, 2022 01:03pm

Markets

Dollar ascendant; sterling slumps on lower rate expectations, bleak outlook

SINGAPORE: The dollar looked set to post its best week in over a month on Friday on expectations that US rates could...

Published 04 Nov, 2022 09:59am

Business & Finance

Bank of England makes historic rate hike despite ‘very challenging’ outlook

LONDON: The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989 as...

Updated 03 Nov, 2022 08:40pm