Sterling heads back towards 2-1/2 month highs on rate appeal LONDON: The British pound edged higher on Monday, nearing a 2-1/2 month high, as investors ramped up bets that the... Published 17 Jan, 2022 03:46pm
Business & Finance Sterling flat versus euro after UK data boost LONDON: Sterling was barely flat against the euro after rising earlier in the session on robust UK data, while it... Published 15 Jan, 2022 05:50am
Business & Finance Weak dollar lifts sterling to October highs LONDON: Sterling hit late October highs against a weakening dollar on Thursday as investors expect a February rate... Published 14 Jan, 2022 07:45am
Business & Finance Sterling hits new highs against dollar, flat versus euro LONDON: Sterling rose to new highs against the dollar while it was almost unchanged versus the euro, with investors... Published 13 Jan, 2022 07:17am
Business & Finance Sterling steadies near 23-month high versus euro LONDON: Sterling rose on Tuesday to touch a pre-pandemic high versus the euro, supported by expectations that the... Published 12 Jan, 2022 04:25am
Business & Finance Sterling rises to 2-month highs on rate view LONDON: The pound climbed to a two-month high on Wednesday as investors ramped up expectations that the Bank of... Published 06 Jan, 2022 04:13am
Business & Finance Sterling nears 2-year high vs euro LONDON: The pound approached two-year highs against the euro on Tuesday and hit a two-month high versus the dollar,... Published 05 Jan, 2022 05:36am
Business & Finance Sterling at its highest versus euro since Feb 2020 LONDON: Sterling hit its highest level against the euro since the end of February 2020 as easing concerns about the... Published 01 Jan, 2022 04:07am
Markets Bank of England fines Metro Bank $7mn LONDON: The Bank of England's Prudential Regulation Authority (PRA) has fined challenger bank Metro Bank 5.38 ... Published 22 Dec, 2021 12:47pm
Markets BoE's Pill sees more rate hikes if inflation persists LONDON: Bank of England Chief Economist Huw Pill said the central bank would need to raise interest rates further if... Published 17 Dec, 2021 07:02pm
Business & Finance Bank of England hikes interest rate to 0.25% to combat inflation LONDON: The Bank of England on Thursday hiked its key interest rate from a record-low 0.10 percent to 0.25 percent,... Updated 16 Dec, 2021 05:55pm
Markets BoE torn between red hot inflation and rampant Omicron LONDON: The Bank of England will likely hold interest rates at their record lows on Thursday as policymakers balance... Published 16 Dec, 2021 11:47am
Markets Most Gulf bourses rise ahead of cenbank meetings DUBAI: Most stock markets in the Gulf reversed early losses to close higher on Tuesday despite Omicron coronovirus... Published 15 Dec, 2021 06:34am
Markets European shares fall again LONDON: European shares reversed early gains to end lower for a fifth straight session on Tuesday as technology... Published 15 Dec, 2021 06:34am
Markets Indian shares fall BENGALURU: Indian shares fell on Tuesday, dragged down by auto and financial stocks, amid growing fears of surging... Published 15 Dec, 2021 06:34am
Business & Finance IMF warns BoE not to be too slow to raise interest rates LONDON: The International Monetary Fund urged the Bank of England on Tuesday to avoid an “inaction bias” when it... Published 15 Dec, 2021 06:34am
Markets Sterling edges higher versus euro as investors weigh up Omicron risk LONDON: Sterling strengthened against the euro on Tuesday but stayed within recent ranges as uncertainty around the... Published 14 Dec, 2021 10:38pm
Markets IMF warns Bank of England against inaction on inflation LONDON: The International Monetary Fund warned the Bank of England on Tuesday to avoid an 'inaction bias' in its... Published 14 Dec, 2021 04:57pm
World UK jobs growth remains strong in November as BoE meets on rates LONDON: British employers added 257,000 staff to their payrolls in November, adding to signs that the labour market... Published 14 Dec, 2021 12:28pm
Business & Finance US dollar gains as Fed seen wrapping up asset purchases earlier than expected NEW YORK: The dollar firmed on Monday ahead of a slew of central bank meetings this week led by the Federal Reserve... Published 14 Dec, 2021 06:40am
Business & Finance Sterling rises LONDON: Sterling rose on Monday after Bank of England Deputy Governor Ben Broadbent warned Britain’s tight labour... Published 07 Dec, 2021 06:29am
Business & Finance BoE warns UK inflation to top 5% on energy costs LONDON: British inflation will "comfortably" top five percent in April due to rocketing energy prices, well above ... Updated 06 Dec, 2021 07:31pm
Business & Finance Sterling rises above 2021 lows as central bank eyed LONDON: The British pound rose on Wednesday but held near a 2021 low versus the U.S. dollar as doubts grew on ... Published 02 Dec, 2021 03:57am
Opinion New Covid scare sparks rate rethink in markets Risks of a new Covid hit to economic activity are clobbering expectations for rate hikes next year from the ... Published 28 Nov, 2021 05:38am
Opinion Less said the better? BoE considers communication reset The Bank of England is rethinking how it signals what its next monetary policy steps are likely to be, after a... Published 27 Nov, 2021 05:08am
Business & Finance Sterling hits fresh 2021 low versus dollar LONDON: The British pound hit a fresh 11-month low against the dollar on Wednesday as expectations for a rate hike... Published 25 Nov, 2021 03:53am
Markets Bank of England should be vigilant on labour costs LONDON: The Bank of England needs to be vigilant about rising labour costs as a tight job market means wages might... Published 23 Nov, 2021 05:00pm
Business & Finance Sterling rises vs euro LONDON: Sterling rose versus the euro on Friday as economic data fuelled bets the Bank of England will raise ... Published 20 Nov, 2021 03:58am
Markets C$ falls as global inflation outlook in focus The Canadian dollar edged higher against its U.S. counterpart on Thursday, after earlier touching a six-week low, as... Published 19 Nov, 2021 01:19am
Business & Finance Sterling rises LONDON: The pound rose on Tuesday as traders bet some of the Bank of England’s concerns about the risks of raising... Published 17 Nov, 2021 04:22am
