Trends - Bank of England - Business Recorder

Business & Finance

Bank of England keeps rates at 5.25% ahead of UK election

LONDON: The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% on Thursday ahead of a...

Updated 20 Jun, 2024 05:30pm

Markets

Asian stocks hold on to gains; BoE in focus

SINGAPORE: Asian stocks took a breather on Thursday, hovering near their highest in two years as traders waited for...

Published 20 Jun, 2024 10:19am

Markets

Sterling steady ahead of BoE decision; dollar wobbles against yen

SINGAPORE: The British pound held broadly steady on Thursday ahead of a rate decision from the Bank of England (BoE)...

Published 20 Jun, 2024 09:54am

Business & Finance

UK inflation slowdown unlikely to shift vote, rate outcomes

LONDON: Britain’s inflation rate has slowed to a near three-year low, official data showed Wednesday, but the ...

Published 20 Jun, 2024 06:01am

Markets

London stocks wobble after drop in services inflation

London stocks fell on Wednesday as investors juggled Britain’s headline inflation hitting the Bank of England’s...

Published 19 Jun, 2024 01:38pm

Markets

Dollar steadies; sterling dips ahead of inflation test

SINGAPORE: The dollar was nursing losses on Wednesday after soft US retail sales data reinforced bets of imminent...

Published 19 Jun, 2024 10:05am

Markets

Sterling eases ahead of BoE rate decision this week

LONDON: The pound eased modestly on Monday, ahead of a policy meeting by the Bank of England this week at which the...

Published 17 Jun, 2024 03:30pm

Life & Style

King Charles banknotes enter circulation in UK

LONDON: Banknotes featuring a portrait of King Charles entered circulation in Britain on Wednesday, nearly two years...

Published 05 Jun, 2024 02:20pm

Markets

Dollar wallows at multi-month lows as Fed cut bets firm

TOKYO: The dollar languished at its lowest since March against the euro and sterling on Tuesday as signs of a...

Published 04 Jun, 2024 09:50am

Markets

Dollar hovers near highest in a week after hawkish Fed minutes

TOKYO: The dollar hovered near a one-week high on Thursday following its best day this month against its major peers...

Published 23 May, 2024 09:50am

Business & Finance

IMF cautions on timing of UK rate cut

LONDON: The International Monetary Fund on Tuesday said the Bank of England should be mindful over when to start...

Published 21 May, 2024 05:29pm

Business & Finance

Dollar weaker against most currencies, pound recovers

NEW YORK: The dollar weakened against most currencies on Monday after economic data showed more signs of softening ...

Published 10 May, 2024 04:17am

Business & Finance

Bank of England moves closer to first rate cut since 2020

LONDON: The Bank of England took another step towards lowering interest rates, as a second official backed a cut and...

Published 09 May, 2024 04:51pm

Markets

Euro zone bond yields tick up as markets await Bank of England

LONDON: Euro zone bond yields ticked higher on Thursday, in subdued trading due to public holidays in many European...

Published 09 May, 2024 11:58am

Markets

Yen clings to sharp gains after suspected intervention, Fed in focus

TOKYO: The yen held its line against the dollar on Tuesday after making sharp gains the previous day in moves that...

Published 30 Apr, 2024 10:09am

Editorials

Regional conflicts and global economy: the nexus

EDITORIAL: Regional conflicts have been impacting on the global economy in recent years – beginning with the Russian...

Published 23 Apr, 2024 03:41am

Markets

Sterling wavers as markets gauge reported Israeli attack on Iran

LONDON: The pound was little changed on Friday after falling to a five-month low against the dollar in Asian trading...

Published 19 Apr, 2024 02:50pm

World

UK unemployment rises as wage growth eases

LONDON: British unemployment has risen as wage growth has eased, official data showed Tuesday, leaving the door open...

Published 16 Apr, 2024 01:33pm

Business & Finance

Bank of England to reform economic forecasting

LONDON: The Bank of England (BoE) said Friday it would implement a “substantial upgrade programme” to improve its...

Published 12 Apr, 2024 06:59pm

Business & Finance

Bank of England holds interest rate at 16-year high

LONDON: The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as...

Published 21 Mar, 2024 05:53pm

Markets

Sterling steady ahead of Bank of England decision

LONDON: The pound steadied against the dollar on Thursday, ahead of a Bank of England meeting at which the central...

Published 21 Mar, 2024 01:31pm

Business & Finance

Bank of England to hold rate despite slowing inflation

LONDON: The Bank of England is widely expected to keep its main interest rate at a 16-year high Thursday, rejecting...

Published 21 Mar, 2024 12:12pm

Markets

Gold slips as dollar firms, central bank meetings in focus

Gold prices slipped on Monday as the dollar held firm and investors braced for a slew of policy decisions from major...

Published 18 Mar, 2024 10:44am

Markets

UK’s FTSE 100 muted as investors assess data heavy week; Vodafone jumps

The UK’s FTSE 100 was little changed on Friday as investors tracked global downbeat sentiment, with sticky US...

Published 15 Mar, 2024 02:42pm

Business & Finance

Bank of England set to play for time before first rate cut

LONDON: The Bank of England will probably keep investors guessing next week about when it is likely to start cutting...

Published 15 Mar, 2024 11:36am

Markets

Sterling bulls take a breather, for now

LONDON: Speculators have trimmed their bullish positions in the pound for the first time in eight weeks, suggesting...

Published 27 Feb, 2024 12:22pm

World

King Charles to appear on UK banknotes from June

LONDON: Banknotes featuring the portrait of King Charles will enter circulation in Britain from June 5, the Bank of...

Published 21 Feb, 2024 03:30pm

Markets

Dollar tracks global yields lower; sterling heavy

SINGAPORE: The dollar fell broadly on Wednesday as it tracked a global decline in bond yields, while sterling...

Published 21 Feb, 2024 09:52am

Markets

European shares rise as soft UK inflation boosts sentiment

European shares edged higher on Wednesday as a softer-than-expected UK inflation boosted hopes of imminent...

Published 14 Feb, 2024 02:44pm

World

Improving UK economy would be no election game-changer for Sunak

MANCHESTER (England): Falling inflation, the prospect of interest rate cuts and signs that Britain’s economy is...

Published 07 Feb, 2024 05:30am