Trends - Bank of England - Business Recorder

Opinion

BoE in murky water with qualified ‘whatever it takes’

‘Time-limited’ and ‘whatever it takes’ don’t sit comfortably together. Even if a law of diminishing ...

Published 01 Oct, 2022 04:20am

Business & Finance

Sterling posts sharp gains; dollar down against most currencies

LONDON/NEW YORK: Sterling gained in volatile trading on Thursday, as the US dollar fell against some currencies, ...

Published 30 Sep, 2022 05:52am

Markets

European stocks drop, pound recovers

LONDON: European equities sank Thursday on fears that rising interest rates will spark a global recession, while the...

Updated 29 Sep, 2022 06:20pm

World

UK’s Truss presses on with ‘controversial’ economic plan, says it’s the right course

LONDON: British Prime Minister Liz Truss defended her economic plan that has roiled financial markets, saying on...

Published 29 Sep, 2022 01:04pm

Markets

Tokyo stocks close higher on US gains

TOKYO: Tokyo stocks closed higher Thursday as investors took heart from gains on Wall Street, where traders were...

Updated 29 Sep, 2022 12:16pm

Markets

Australian shares track global markets higher as BoE seeks to quell UK bond rout

Australian shares climbed on Thursday amid a global rebound in equity markets, after the Bank of England said it...

Published 29 Sep, 2022 10:37am

Markets

Australia, NZ dollars give up overnight bounce, bearish trend unchanged

SYDNEY: The Australian and New Zealand dollars gave up some of their overnight bounce on Thursday, as relief at the...

Published 29 Sep, 2022 09:56am

Markets

FTSE 100 rises as BoE steps in to stabilise markets

LONDON: London’s blue-chip FTSE index erased steep session losses to close higher on Wednesday, while the mid-cap...

Published 29 Sep, 2022 05:54am

Business & Finance

Sterling pares losses against dollar

LONDON: Sterling regained ground against the dollar in volatile trading on Wednesday after the Bank of England (BOE)...

Published 29 Sep, 2022 05:54am

Business & Finance

Sterling, euro rally against dollar after BoE buys UK bonds

NEW YORK: After tumbling earlier, sterling rallied against the dollar on Wednesday following the Bank of England’s...

Published 29 Sep, 2022 05:54am

Business & Finance

BoE moves to calm bond market rout after tax cut storm

LONDON: The Bank of England sought to quell the fire-storm in Britain’s bond markets, saying it would buy as much...

Published 29 Sep, 2022 05:54am

Business & Finance

BoE intervenes as IMF criticises UK budget

LONDON: The Bank of England stepped in Wednesday to shore up market confidence after the International Monetary Fund...

Published 28 Sep, 2022 05:40pm

Markets

Sterling swallows bitter pill, dollar advances on hawkish Fed speak

SINGAPORE: The pound languished near a record low on Wednesday on lingering concerns over Britain’s radical tax cuts...

Published 28 Sep, 2022 09:52am

Business & Finance

Sterling hits all-time low versus dollar, gets BoE’s attention

NEW YORK: The British pound hit an all-time low against the dollar on Monday amid investor concerns that Britain’s...

Published 27 Sep, 2022 04:06am

Markets

Bank of England unveils new bank stress test scenario

LONDON: The Bank of England set out the economic downturn scenario against which major British lenders’ financial...

Published 26 Sep, 2022 02:39pm

Markets

Sterling crumbles to record low, dollar soars on UK fiscal angst

TOKYO: Sterling tumbled to a record trough on Monday as traders scampered for the exits on speculation the new...

Published 26 Sep, 2022 10:01am

Markets

Two-year yields highest since 2007

NEW YORK: Two-year yields hit 15-year highs on Friday and the yield curve inversion deepened as investors fretted...

Published 26 Sep, 2022 06:07am

Business & Finance

UK public inflation expectations at record high for coming year

LONDON: The British public expect inflation over the coming year to be 4.9%, up from 4.6% in May and the highest...

Published 15 Sep, 2022 01:54pm

Markets

UK equities fall despite cooling August inflation

LONDON: Britain’s main stock indexes fell on Wednesday after a surprise fall in consumer prices did little to calm...

Published 15 Sep, 2022 07:21am

Business & Finance

UK inflation eases from 40-year high

LONDON: UK inflation has eased on lower motor fuel costs but remains close to 40-year peaks, official data showed...

Published 14 Sep, 2022 03:38pm

Markets

Banks drag UK’s FTSE 100 lower; all eyes on US inflation data

UK’s FTSE 100 ticked lower in choppy trading on Tuesday as bank stocks fell, while data showed a drop in jobless...

Published 13 Sep, 2022 12:42pm

Business & Finance

Sterling falls to weakest since early 2021 against euro

LONDON: Sterling briefly fell to its lowest level since early 2021 against a robust euro on Monday, while news that...

Published 13 Sep, 2022 06:12am

Business & Finance

BoE defends itself against planned Truss review

LONDON: The Bank of England on Wednesday defended itself against accusations of being too slow to tackle sky-high...

Published 08 Sep, 2022 05:43am

Business & Finance

Sterling edges lower

LONDON: Sterling edged lower on Tuesday against the euro and was set for its biggest monthly fall against the single...

Published 31 Aug, 2022 05:50am

Markets

Fed’s Powell to hammer home inflation-fighting message

WASHINGTON: With US inflation at a 40-year high, economists say there is no doubt about the Federal Reserve’s policy...

Published 26 Aug, 2022 10:48am

Business & Finance

Sterling rises 0.5pc

LONDON: Sterling recouped some losses against the dollar on Thursday but was still languishing near a 2-1/2 year low...

Published 26 Aug, 2022 05:35am

World

UK leadership hopeful Truss downplays prospect of recession

LONDON: Tory leadership favourite Liz Truss downplayed Sunday the prospect of a UK recession, while the man tipped...

Published 21 Aug, 2022 10:45am

Opinion

UK slips towards recession, heaping pressure on next PM to help

Britain’s slide towards a recession has gathered momentum after data this week showed inflation jumping above 10%,...

Published 21 Aug, 2022 05:16am

Business & Finance

Sterling struggles as inflation outlook sours mood

LONDON: The British pound weakened against the dollar on Thursday after policy minutes from the Federal Reserve...

Published 19 Aug, 2022 05:57am

Sports

South Africa keen to wreck England’s ‘Bazball’ party

LONDON: South Africa captain Dean Elgar says he does not fear “Bazball” as the Proteas seek to inflict England’s...

Published 16 Aug, 2022 09:48am