Trends - Bank of England - Business Recorder

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

Markets

Sterling slumps ahead of BoE decision after Fed hikes rates again

LONDON: Sterling dropped against the dollar on Thursday after the Federal Reserve jacked up interest rates again,...

Published 03 Nov, 2022 02:55pm

Markets

Bank of England set for biggest rate hike in 33 years

LONDON: The Bank of England is widely expected to hike its key interest rate on Thursday by the biggest amount since...

Published 03 Nov, 2022 10:29am

Markets

Dollar rallies as Fed signals more rate hikes; pound drops

LONDON: The dollar rose on Thursday, buoyed by a sharp rise in Treasury yields, after the Federal Reserve signaled...

Updated 03 Nov, 2022 02:20pm

Business & Finance

Top bankers give mixed views on global risks at summit

HONG KONG: There are growing signs inflation could be brought under control, top bankers said at a summit in Hong...

Published 03 Nov, 2022 05:50am

Markets

Dollar sags as Fed decision looms; yen surges

TOKYO: The US dollar slipped from near a one-week peak versus major peers on Wednesday, with traders on tenterhooks...

Published 02 Nov, 2022 09:11am

World

Climate activists spray-paint London buildings orange

LONDON: London police on Monday arrested six people after environmental campaigners doused four landmark buildings ...

Published 01 Nov, 2022 05:55am

Business & Finance

Sterling may decide if BoE can talk markets off a cliff

LONDON: The Bank of England has the uneviable task of convincing markets they are wrong about how high UK interest...

Published 24 Oct, 2022 07:01am

Opinion

Understanding the forex market

The last few months have been a roller coaster for the Pakistani Rupee (PKR) and there is a lot of talk about market...

Published 23 Oct, 2022 03:21am

Markets

European shares rise after UK’s Truss resigns

LONDON: European shares rose on Thursday after Liz Truss said she was resigning as the United Kingdom’s prime...

Published 21 Oct, 2022 05:57am

Markets

NZ dollar jumps on rate hike bets, risk-on rally, Aussie lags

SYDNEY: The New Zealand dollar jumped on Tuesday, buoyed by rising expectations that the its central bank will have...

Published 18 Oct, 2022 12:11pm

Markets

Sterling jumps vs dollar on UK U-turn; yen scrabbles off 32-year trough

TOKYO: The dollar lost ground against sterling and other major peers on Tuesday as investor sentiment picked up...

Published 18 Oct, 2022 12:08pm

Markets

BoE set to delay quantitative tightening until gilt markets calm

The Bank of England is likely to delay the sale of billions of pounds of government bonds in a bid to encourage...

Published 18 Oct, 2022 10:16am

Markets

Dollar tests 32-year peak to yen; Aussie, kiwi rise on rate bets

TOKYO: The dollar hovered near a 32-year peak above 149 yen on Tuesday even as it took a breather from a rally...

Published 18 Oct, 2022 09:14am

Markets

UK finance minister seeks to stem bond rout by rushing forward tax plan

LONDON: New British finance minister Jeremy Hunt, seeking to stem a dramatic loss of confidence among investors in...

Published 17 Oct, 2022 12:35pm

Markets

Pound rallies ahead of new finance minister’s plans; yen wobbles

LONDON: The pound rallied on Monday as Britain’s new finance minister prepared to unveil more fiscal plans aimed at...

Updated 17 Oct, 2022 02:15pm

World

UK finance minister Hunt vows to win back financial market trust

LONDON: New finance minister Jeremy Hunt promised to win back Britain's economic credibility by fully accounting for...

Published 16 Oct, 2022 11:20pm

Business & Finance

BoE’s Bailey has ‘meeting of minds’ with Hunt on fixing UK crisis

WASHINGTON: Bank of England Governor Andrew Bailey said there was an “immediate meeting of minds” when he spoke...

Published 16 Oct, 2022 03:53am

Business & Finance

BoE’s Bailey says stronger rates response needed to fight inflation

WASHINGTON: Bank of England Governor Andrew Bailey said inflation pressures might require a bigger interest rate...

Published 15 Oct, 2022 07:38pm

Markets

BoE signals to lenders it is prepared to extend bond purchases

The Bank of England has signalled privately to lenders that it was prepared to extend its emergency bond-buying...

Updated 12 Oct, 2022 10:27am

Markets

European shares hit over 1-week low

LONDON: European shares fell for a fifth straight session on Tuesday, as investors fretted about the prospects of a...

Published 12 Oct, 2022 05:46am

World

UK Deputy PM: ‘absolutely confident’ people’s pensions are safe

LONDON: British Deputy Prime Minister Therese Coffey said on Tuesday she was confident that people’s pensions were...

Published 11 Oct, 2022 12:42pm

Markets

Fire-fighting Bank of England forced to buy inflation-linked bonds

LONDON: The Bank of England acted again on Tuesday to stem a sharp sell off in Britain’s 2.1 trillion-pound ($2.31...

Published 11 Oct, 2022 12:25pm

Business & Finance

BoE doubles potential bond buy-backs

LONDON: The Bank of England sought to ease concerns about this week’s expiry of its programme designed to calm...

Published 11 Oct, 2022 05:54am

Business & Finance

US dollar gains as investors brace for another strong inflation data this week

LONDON/NEW YORK: The US dollar rose for a fourth straight session on Monday, as investors looked to inflation data...

Published 11 Oct, 2022 05:54am

Markets

BoE doubles size of bond buy-backs as emergency plan nears expiry

LONDON: The Bank of England moved to ease concerns about the expiry at the end of this week of its emergency...

Published 10 Oct, 2022 01:08pm

World

UK’s Truss forced into U-turn on tax after week of market turmoil

BIRMINGHAM, (England): British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less...

Published 04 Oct, 2022 05:55am

World

UK’s Truss tries to reassure on economic plan

BIRMINGHAM: British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she...

Published 03 Oct, 2022 07:35am

Opinion

Under water: how the Bank of England threw markets a lifeline

Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday....

Published 03 Oct, 2022 06:16am

Markets

Yields rise as Fed officials vow to fight hot inflation

NEW YORK: Treasury yields rose on Friday in a volatile week rocked by a Bank of England intervention that sent bond...

Published 03 Oct, 2022 05:52am