• Dollar index slips as markets digest Fed comments
• BoE expected to leave monetary policy unchanged

• Pound down 0.1% vs dollar, euro
• Bank of England policy decision 1100 GMT

• The BoE's chief task is to use monetary policy as a tool to keep the inflation rate close to a 2.0-percent target, in order to preserve the value of money.

• Higher interest rates will dull gold's appeal as they translate into a higher opportunity cost of holding it.

LONDON: Sterling rose on Wednesday after data showed British inflation unexpectedly jumped above the Bank of...

LONDON: British inflation unexpectedly jumped above the Bank of England’s target in May when it hit 2.1%, part of ...

• Protesters have urged banks like HSBC and Barclays to stop financing fossil fuels.

LONDON: Sterling fell against a strengthening dollar on Friday after data showed US consumer prices surged in April,...

• The pan-European STOXX 600 index rose 0.6pc to a record high of 448.98 points and added 1pc this week.

• The blue-chip FTSE 100 index was falt with banks and life insurers adding 0.6pc and 0.1pc, respectively. HSBC Holdings and Prudential provided the biggest boost.

LONDON: Sterling rose against the dollar on Thursday after a Bank of England policymaker said the central bank was...

• The British currency recovered from an overnight drop against the dollar that took it to a 10-day low, as the greenback's spike higher fizzled out by the start of European trading.

• BoE's Vlieghe sees a first rate rise "well into" 2022.
• Strong Q1 2022 labour data could bring hike soon after.
• Sterling and bond yields rise after Vlieghe's remarks.

LONDON: Britain’s pound held within recent ranges on Monday, trading just shy of $1.42 as analysts set their eyes...

• BoE to refocus corporate bond holdings on greener companies.
• UK government asked BoE to support its net-zero carbon aims.
• No immediate divestment planned, firms told to lower emissions.

• "The precise calibration of this approach will be developed in the coming months," Hauser said.

• House prices rose in the 12 months to March by more than 10% in annual terms - the sharpest increase since August 2007 - spurred by demand for bigger homes as more people work from home, as well as the government's support measures, data showed.
• House prices rose 5.7% across advanced economies during 2020, according to the Federal Reserve Bank of Dallas, the sharpest growth since 2007.

LONDON: Sterling turned slightly lower against a recovering dollar and hit its lowest in more than a week against ...

• Core inflation, which excludes energy prices and other volatile items, rose by 1.3% in the 12 months to April, the Office for National Statistics said.

• "We do hear those stories about input prices but we are not yet seeing strong evidence of passing-through into consumer prices," Bailey told lawmakers in Britain's parliament, echoing recent comments he has made about the inflation outlook.

*Vlieghe reiterated BoE forecasts that inflation was likely to exceed its 2% target later this year, due to temporary bottlenecks and base effects, but stressed the BoE would look to the medium term when setting interest rates.

• "The dash for cash provided an unwelcome reminder that the post-financial crisis did not finish the job and left a dangerous gap in our exposure to the risk of financial instability," Bailey said in a speech to the International Swaps and Derivatives Association.

• Many debts racked up recently by companies are spread over long durations "which increases the chances of them being able to be paid back and therefore bankruptcy is not picking up very much from current relatively subdued levels," Haldane said.

LONDON: Sterling gave up earlier gains on Thursday, as the Bank of England predicted a sharper rebound in the ...

LONDON: The Bank of England said Thursday that the UK economy will enjoy a stronger-than-expected recovery this year...

LONDON: The dollar fell from a two-week high on Thursday as global market risk appetite improved, while traders...

NEW YORK: The dollar dropped to its lowest point in three days on Thursday as global market risk appetite improved,...

• Greenback at lowest in three days.
• Aussie dollar falls overnight.
• Canadian dollar at 3-1/2-year high.

• The Bank of England said on Thursday it would slow the pace of its bond-buying as it sharply increased its forecast for Britain's economic growth, without triggering much price action on the bloc's borrowing costs.
• Strong domestic demand for consumer goods propelled a bigger than expected jump in German industrial orders in March , while eurozone retail sales rose by more than expected in March.