Trends - Bank of England - Business Recorder

Markets

Sterling jumps vs dollar on UK U-turn; yen scrabbles off 32-year trough

TOKYO: The dollar lost ground against sterling and other major peers on Tuesday as investor sentiment picked up...

Published 18 Oct, 2022 12:08pm

Markets

BoE set to delay quantitative tightening until gilt markets calm

The Bank of England is likely to delay the sale of billions of pounds of government bonds in a bid to encourage...

Published 18 Oct, 2022 10:16am

Markets

Dollar tests 32-year peak to yen; Aussie, kiwi rise on rate bets

TOKYO: The dollar hovered near a 32-year peak above 149 yen on Tuesday even as it took a breather from a rally...

Published 18 Oct, 2022 09:14am

Markets

UK finance minister seeks to stem bond rout by rushing forward tax plan

LONDON: New British finance minister Jeremy Hunt, seeking to stem a dramatic loss of confidence among investors in...

Published 17 Oct, 2022 12:35pm

Markets

Pound rallies ahead of new finance minister’s plans; yen wobbles

LONDON: The pound rallied on Monday as Britain’s new finance minister prepared to unveil more fiscal plans aimed at...

Updated 17 Oct, 2022 02:15pm

World

UK finance minister Hunt vows to win back financial market trust

LONDON: New finance minister Jeremy Hunt promised to win back Britain's economic credibility by fully accounting for...

Published 16 Oct, 2022 11:20pm

Business & Finance

BoE’s Bailey has ‘meeting of minds’ with Hunt on fixing UK crisis

WASHINGTON: Bank of England Governor Andrew Bailey said there was an “immediate meeting of minds” when he spoke...

Published 16 Oct, 2022 03:53am

Business & Finance

BoE’s Bailey says stronger rates response needed to fight inflation

WASHINGTON: Bank of England Governor Andrew Bailey said inflation pressures might require a bigger interest rate...

Published 15 Oct, 2022 07:38pm

Markets

BoE signals to lenders it is prepared to extend bond purchases

The Bank of England has signalled privately to lenders that it was prepared to extend its emergency bond-buying...

Updated 12 Oct, 2022 10:27am

Markets

European shares hit over 1-week low

LONDON: European shares fell for a fifth straight session on Tuesday, as investors fretted about the prospects of a...

Published 12 Oct, 2022 05:46am

World

UK Deputy PM: ‘absolutely confident’ people’s pensions are safe

LONDON: British Deputy Prime Minister Therese Coffey said on Tuesday she was confident that people’s pensions were...

Published 11 Oct, 2022 12:42pm

Markets

Fire-fighting Bank of England forced to buy inflation-linked bonds

LONDON: The Bank of England acted again on Tuesday to stem a sharp sell off in Britain’s 2.1 trillion-pound ($2.31...

Published 11 Oct, 2022 12:25pm

Business & Finance

BoE doubles potential bond buy-backs

LONDON: The Bank of England sought to ease concerns about this week’s expiry of its programme designed to calm...

Published 11 Oct, 2022 05:54am

Business & Finance

US dollar gains as investors brace for another strong inflation data this week

LONDON/NEW YORK: The US dollar rose for a fourth straight session on Monday, as investors looked to inflation data...

Published 11 Oct, 2022 05:54am

Markets

BoE doubles size of bond buy-backs as emergency plan nears expiry

LONDON: The Bank of England moved to ease concerns about the expiry at the end of this week of its emergency...

Published 10 Oct, 2022 01:08pm

World

UK’s Truss forced into U-turn on tax after week of market turmoil

BIRMINGHAM, (England): British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less...

Published 04 Oct, 2022 05:55am

World

UK’s Truss tries to reassure on economic plan

BIRMINGHAM: British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she...

Published 03 Oct, 2022 07:35am

Opinion

Under water: how the Bank of England threw markets a lifeline

Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday....

Published 03 Oct, 2022 06:16am

Markets

Yields rise as Fed officials vow to fight hot inflation

NEW YORK: Treasury yields rose on Friday in a volatile week rocked by a Bank of England intervention that sent bond...

Published 03 Oct, 2022 05:52am

Opinion

BoE in murky water with qualified ‘whatever it takes’

‘Time-limited’ and ‘whatever it takes’ don’t sit comfortably together. Even if a law of diminishing ...

Published 01 Oct, 2022 04:20am

Business & Finance

Sterling posts sharp gains; dollar down against most currencies

LONDON/NEW YORK: Sterling gained in volatile trading on Thursday, as the US dollar fell against some currencies, ...

Published 30 Sep, 2022 05:52am

Markets

European stocks drop, pound recovers

LONDON: European equities sank Thursday on fears that rising interest rates will spark a global recession, while the...

Updated 29 Sep, 2022 06:20pm

World

UK’s Truss presses on with ‘controversial’ economic plan, says it’s the right course

LONDON: British Prime Minister Liz Truss defended her economic plan that has roiled financial markets, saying on...

Published 29 Sep, 2022 01:04pm

Markets

Tokyo stocks close higher on US gains

TOKYO: Tokyo stocks closed higher Thursday as investors took heart from gains on Wall Street, where traders were...

Updated 29 Sep, 2022 12:16pm

Markets

Australian shares track global markets higher as BoE seeks to quell UK bond rout

Australian shares climbed on Thursday amid a global rebound in equity markets, after the Bank of England said it...

Published 29 Sep, 2022 10:37am

Markets

Australia, NZ dollars give up overnight bounce, bearish trend unchanged

SYDNEY: The Australian and New Zealand dollars gave up some of their overnight bounce on Thursday, as relief at the...

Published 29 Sep, 2022 09:56am

Markets

FTSE 100 rises as BoE steps in to stabilise markets

LONDON: London’s blue-chip FTSE index erased steep session losses to close higher on Wednesday, while the mid-cap...

Published 29 Sep, 2022 05:54am

Business & Finance

Sterling pares losses against dollar

LONDON: Sterling regained ground against the dollar in volatile trading on Wednesday after the Bank of England (BOE)...

Published 29 Sep, 2022 05:54am

Business & Finance

Sterling, euro rally against dollar after BoE buys UK bonds

NEW YORK: After tumbling earlier, sterling rallied against the dollar on Wednesday following the Bank of England’s...

Published 29 Sep, 2022 05:54am

Business & Finance

BoE moves to calm bond market rout after tax cut storm

LONDON: The Bank of England sought to quell the fire-storm in Britain’s bond markets, saying it would buy as much...

Published 29 Sep, 2022 05:54am