UK inflation in shock rise, dashing rate cut hopes LONDON: British annual inflation unexpectedly picked up in December, data showed Wednesday, dashing hopes of an ... Published 18 Jan, 2024 05:54am
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
Business & Finance Dollar advances after hawkish Fed; pound sinks as BoE warns of ‘very challenging’ outlook LONDON/NEW YORK: The dollar firmed on Thursday, after the Federal Reserve signalled US interest rates will likely... Published 04 Nov, 2022 05:56am
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
Business & Finance Dollar edges up but gains in check as risk appetite rebounds NEW YORK: The US dollar edged higher against a basket of currencies on Tuesday, shaking off some of the weakness of... Published 19 Oct, 2022 05:54am