Trends - Bank of England - Business Recorder

Markets

Yen rises on report of Japan govt move for more flexible inflation target

SINGAPORE: The yen climbed on Monday on news that the Japanese government is set to revise a joint statement with...

Published 19 Dec, 2022 10:38am

Opinion

Britain takes fight to restore investor faith into 2023

Major investors are rethinking their support for Britain’s economy following months of political turmoil and...

Published 17 Dec, 2022 05:58am

Business & Finance

ECB, BoE raise interest rates

LONDON: The European Central Bank and Bank of England raised its key interest rates on Thursday and indicated that...

Published 16 Dec, 2022 05:58am

Business & Finance

Bank of England lifts interest rate to 14-year high

LONDON: The Bank of England on Thursday hiked its interest rate by half a point to 3.5 percent, the highest level in...

Published 15 Dec, 2022 06:31pm

Business & Finance

UK economy rebounds in Oct

LONDON: Britain’s economy rebounded in October a little more strongly than expected from September when output was...

Published 13 Dec, 2022 07:38am

Markets

Indian rupee likely to slip as US data stokes higher rates worry

MUMBAI: The Indian rupee was expected to weaken at the open on Monday as the US dollar and Treasury yields ticked...

Published 12 Dec, 2022 10:08am

Markets

Dollar rises as inflation pressures persist; FOMC meeting in focus

SINGAPORE: The dollar firmed on Monday after data showed producer prices in the United States rose more than...

Published 12 Dec, 2022 09:40am

Business & Finance

Dollar eases against euro as investors weigh rates outlook

NEW YORK: The dollar edged lower on Thursday against the euro as investors weighed the outlook for US Federal ...

Published 09 Dec, 2022 05:58am

Markets

Bank of England to add 50 bps to Bank Rate on Dec. 15; peak at 4.25% in Q2

LONDON: The Bank of England will add another 50 basis points to Bank Rate next week and take borrowing costs to...

Published 08 Dec, 2022 11:35am

Business & Finance

Global central banks increase pace of rate hike in November

LONDON: The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy...

Updated 05 Dec, 2022 06:45am

Business & Finance

BoE's Dhingra warns of deeper and longer recession with higher rates

LONDON: Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest...

Published 03 Dec, 2022 11:21pm

Business & Finance

Sterling edges up against dollar

LONDON: Sterling edged up against a weaker dollar on Monday, hovering near a three-month high, even as Britain’s...

Published 29 Nov, 2022 05:57am

Business & Finance

Sterling set for third straight weekly gain, but vulnerable

LONDON: Sterling was slightly lower on Friday but still set for its third consecutive weekly gain against a ...

Published 28 Nov, 2022 05:48am

Business & Finance

Covid in China sets sterling for biggest daily fall in two weeks

LONDON: Sterling slipped against a strengthening US dollar on Monday as global risk sentiment was dented by rising...

Published 22 Nov, 2022 03:23am

Business & Finance

UK unveils recession budget following markets chaos

LONDON: Britain on Thursday unveiled a painful budget with £55 billion ($65 billion) of tax hikes and spending cuts...

Published 18 Nov, 2022 05:53am

Business & Finance

BoE could deepen UK recession if it raises rates further

LONDON: The Bank of England’s newest interest rate-setter Swati Dhingra said on Wednesday that the British central...

Published 16 Nov, 2022 08:21pm

World

UK’s Hunt: ‘Tough’ decisions on tax and spending needed to tackle inflation

LONDON: British finance minister Jeremy Hunt said on Wednesday “tough but necessary” decisions were required to...

Published 16 Nov, 2022 02:08pm

Business & Finance

UK inflation accelerates to 41-year peak

LONDON: British inflation has accelerated to the highest level for 41 years, driven by soaring energy, food and...

Published 16 Nov, 2022 01:03pm

Markets

Dollar ascendant; sterling slumps on lower rate expectations, bleak outlook

SINGAPORE: The dollar looked set to post its best week in over a month on Friday on expectations that US rates could...

Published 04 Nov, 2022 09:59am

Business & Finance

Bank of England makes historic rate hike despite ‘very challenging’ outlook

LONDON: The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989 as...

Updated 03 Nov, 2022 08:40pm

Markets

Sterling slumps ahead of BoE decision after Fed hikes rates again

LONDON: Sterling dropped against the dollar on Thursday after the Federal Reserve jacked up interest rates again,...

Published 03 Nov, 2022 02:55pm

Markets

Bank of England set for biggest rate hike in 33 years

LONDON: The Bank of England is widely expected to hike its key interest rate on Thursday by the biggest amount since...

Published 03 Nov, 2022 10:29am

Markets

Dollar rallies as Fed signals more rate hikes; pound drops

LONDON: The dollar rose on Thursday, buoyed by a sharp rise in Treasury yields, after the Federal Reserve signaled...

Updated 03 Nov, 2022 02:20pm

Business & Finance

Top bankers give mixed views on global risks at summit

HONG KONG: There are growing signs inflation could be brought under control, top bankers said at a summit in Hong...

Published 03 Nov, 2022 05:50am

Markets

Dollar sags as Fed decision looms; yen surges

TOKYO: The US dollar slipped from near a one-week peak versus major peers on Wednesday, with traders on tenterhooks...

Published 02 Nov, 2022 09:11am

World

Climate activists spray-paint London buildings orange

LONDON: London police on Monday arrested six people after environmental campaigners doused four landmark buildings ...

Published 01 Nov, 2022 05:55am

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

Opinion

Understanding the forex market

The last few months have been a roller coaster for the Pakistani Rupee (PKR) and there is a lot of talk about market...

Published 23 Oct, 2022 03:21am

Markets

European shares rise after UK’s Truss resigns

LONDON: European shares rose on Thursday after Liz Truss said she was resigning as the United Kingdom’s prime...

Published 21 Oct, 2022 05:57am

Markets

NZ dollar jumps on rate hike bets, risk-on rally, Aussie lags

SYDNEY: The New Zealand dollar jumped on Tuesday, buoyed by rising expectations that the its central bank will have...

Published 18 Oct, 2022 12:11pm