Trends - Bank of England - Business Recorder

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

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