Trends - Bank of England - Business Recorder

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

Business & Finance

BoE puts high rates ‘under review’

LONDON: The Bank of England kept interest rates at a nearly 16-year high on Thursday but opened up the possibility ...

Published 02 Feb, 2024 05:20am

Business & Finance

HSBC fined 57 million pounds for ‘serious’ deposit protection failures

LONDON: The Bank of England said on Tuesday it had fined HSBC 57.4 million pounds ($73 million) for “serious...

Published 30 Jan, 2024 01:05pm

Business & Finance

Sterling edges up

LONDON: Sterling edged up against the dollar and euro on Friday, as traders looked ahead to a Bank of England policy...

Published 27 Jan, 2024 06:20am

Business & Finance

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

Dollar hits fresh one month high

NEW YORK: The dollar index hit a fresh one-month high on Wednesday after US retail sales data indicated the economy...

Published 18 Jan, 2024 05:54am

Markets

Sterling falls after UK wage growth slows

LONDON: The pound fell on Tuesday after data showed the growth in British wages slowed in November, supporting bets...

Published 16 Jan, 2024 12:55pm

Markets

Dollar starts 2024 on firm footing, bitcoin surpasses $45,000

SINGAPORE: The dollar rose on the first trading day of the year as attention turned to economic data this week that...

Published 02 Jan, 2024 09:42am

Opinion

Outlook 2024-I

Global perspective has recently changed as economies have shown to be more resilient than experts had anticipated....

Published 02 Jan, 2024 05:21am

Business & Finance

Dollar on pace for first yearly loss since 2020

NEW YORK: The dollar is set to end 2023 with its first loss since 2020 against the euro and a basket of currencies ...

Published 30 Dec, 2023 06:28am

Markets

FTSE 100 touches near 7-month high

LONDON: British equities jumped on Wednesday as investors cheered a surprise drop in domestic inflation, which...

Published 21 Dec, 2023 03:54am

Markets

Yen cedes some ground ahead of critical BOJ test

SINGAPORE: The yen dipped slightly on Monday as the Bank of Japan (BOJ) kicked off its two-day monetary policy...

Published 18 Dec, 2023 09:32am

Business & Finance

Bank of England holds interest rate, warns on inflation

LONDON: The Bank of England on Thursday held its key interest rate and warned it will remain high to tackle...

Published 14 Dec, 2023 06:21pm

Markets

Sterling falls after data shows UK economy shrank in October

LONDON: The pound fell on Wednesday, after data showed the UK economy shrank in October, which could strengthen the...

Published 13 Dec, 2023 12:26pm

Markets

Dollar on back foot as traders look to Fed for cut timing clues

TOKYO: The dollar remained on the back foot versus major rivals on Wednesday, as traders braced for the conclusion...

Published 13 Dec, 2023 09:32am

Business & Finance

Bank of England to hold its line against rate cut talk

LONDON: The Bank of England looks set to stick to its tough line against talk of interest rate cuts in Britain, even...

Published 08 Dec, 2023 12:12pm

Business & Finance

Bank of England warns on fallout from rate hikes

LONDON: The Bank of England on Wednesday said its multiple interest-rate hikes aimed at cooling high inflation would...

Published 06 Dec, 2023 05:44pm

World

Lawmakers criticise Bank of England inflation forecast

LONDON: Members of the House of Lords, Britain’s upper chamber of parliament, demanded Monday that the Bank of...

Published 27 Nov, 2023 07:49pm

Business & Finance

BoE’s Bailey says getting inflation to 2% will be ‘hard work’

LONDON: Bank of England Governor Andrew Bailey said getting inflation down to the central bank’s 2% target will be...

Published 27 Nov, 2023 01:10pm

Business & Finance

BoE’s Greene says latest data good news for UK inflation outlook

LONDON: Bank of England rate-setter Megan Greene said on Thursday that this week’s inflation and jobs data were...

Published 16 Nov, 2023 02:51pm

Business & Finance

UK inflation falls sharply, relieving pressure on PM Sunak

LONDON: UK inflation fell more than expected in October, data showed Wednesday, easing a cost-of-living crisis and...

Published 15 Nov, 2023 01:35pm

Markets

Real estate stocks lead European shares to biggest weekly gain

PARIS: Europe’s benchmark STOXX 600 index posted its biggest weekly gain since March on Friday, supported by...

Published 04 Nov, 2023 06:00am

Markets

Oil prices rise after Fed, BoE keep rates unchanged

BENGALURU: Oil prices gained more than $2 a barrel on Thursday and were set to break a three-day declining streak as...

Published 03 Nov, 2023 06:11am

Business & Finance

Dollar retreats as risk appetite rises

NEW YORK: The US dollar weakened broadly on Thursday, as investors bet that the Federal Reserve is done raising...

Published 03 Nov, 2023 06:11am

Markets

Bank of England keep rates at 15-year high, rules out quick cuts to help economy

LONDON: The Bank of England held interest rates at a 15-year peak as it kept up its fight against the highest...

Updated 02 Nov, 2023 05:05pm

Markets

Wall St gains on megacap boost ahead of Fed verdict

NEW YORK: Wall Street’s main indexes rose on Monday, boosted by megacap growth stocks ahead of a busy week of...

Published 31 Oct, 2023 05:26am

Business & Finance

Dollar slides ahead of central bank meetings

NEW YORK: The US dollar fell on Monday, dropping to a two-week low against the yen, as traders looked ahead to...

Published 31 Oct, 2023 05:26am

Markets

Dollar holds near 150 yen as central bank policy, data deluge awaited

SINGAPORE: The dollar inched broadly higher in cautious trade on Monday and held near 150 yen as traders looked to a...

Published 30 Oct, 2023 09:56am

Markets

Sterling weakens as soft data supports BoE rate view

LONDON: The British pound extended the previous day’s losses on Wednesday after gloomy economic data affirmed the...

Published 25 Oct, 2023 03:25pm

Markets

BoE’s Bailey says Sept CPI ‘not far off’ expectations

LONDON: Bank of England Governor Andrew Bailey said inflation data for September, which failed to fall as most...

Published 20 Oct, 2023 12:30pm