Trends - Bank of England - Business Recorder

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

Business & Finance

BoE intervenes as IMF criticises UK budget

LONDON: The Bank of England stepped in Wednesday to shore up market confidence after the International Monetary Fund...

Published 28 Sep, 2022 05:40pm

Markets

Sterling swallows bitter pill, dollar advances on hawkish Fed speak

SINGAPORE: The pound languished near a record low on Wednesday on lingering concerns over Britain’s radical tax cuts...

Published 28 Sep, 2022 09:52am

Business & Finance

Sterling hits all-time low versus dollar, gets BoE’s attention

NEW YORK: The British pound hit an all-time low against the dollar on Monday amid investor concerns that Britain’s...

Published 27 Sep, 2022 04:06am

Markets

Bank of England unveils new bank stress test scenario

LONDON: The Bank of England set out the economic downturn scenario against which major British lenders’ financial...

Published 26 Sep, 2022 02:39pm

Markets

Sterling crumbles to record low, dollar soars on UK fiscal angst

TOKYO: Sterling tumbled to a record trough on Monday as traders scampered for the exits on speculation the new...

Published 26 Sep, 2022 10:01am

Markets

Two-year yields highest since 2007

NEW YORK: Two-year yields hit 15-year highs on Friday and the yield curve inversion deepened as investors fretted...

Published 26 Sep, 2022 06:07am

Business & Finance

UK public inflation expectations at record high for coming year

LONDON: The British public expect inflation over the coming year to be 4.9%, up from 4.6% in May and the highest...

Published 15 Sep, 2022 01:54pm

Markets

UK equities fall despite cooling August inflation

LONDON: Britain’s main stock indexes fell on Wednesday after a surprise fall in consumer prices did little to calm...

Published 15 Sep, 2022 07:21am

Business & Finance

UK inflation eases from 40-year high

LONDON: UK inflation has eased on lower motor fuel costs but remains close to 40-year peaks, official data showed...

Published 14 Sep, 2022 03:38pm

Markets

Banks drag UK’s FTSE 100 lower; all eyes on US inflation data

UK’s FTSE 100 ticked lower in choppy trading on Tuesday as bank stocks fell, while data showed a drop in jobless...

Published 13 Sep, 2022 12:42pm

Business & Finance

Sterling falls to weakest since early 2021 against euro

LONDON: Sterling briefly fell to its lowest level since early 2021 against a robust euro on Monday, while news that...

Published 13 Sep, 2022 06:12am

Business & Finance

BoE defends itself against planned Truss review

LONDON: The Bank of England on Wednesday defended itself against accusations of being too slow to tackle sky-high...

Published 08 Sep, 2022 05:43am

Business & Finance

Sterling edges lower

LONDON: Sterling edged lower on Tuesday against the euro and was set for its biggest monthly fall against the single...

Published 31 Aug, 2022 05:50am

Markets

Fed’s Powell to hammer home inflation-fighting message

WASHINGTON: With US inflation at a 40-year high, economists say there is no doubt about the Federal Reserve’s policy...

Published 26 Aug, 2022 10:48am

Business & Finance

Sterling rises 0.5pc

LONDON: Sterling recouped some losses against the dollar on Thursday but was still languishing near a 2-1/2 year low...

Published 26 Aug, 2022 05:35am

World

UK leadership hopeful Truss downplays prospect of recession

LONDON: Tory leadership favourite Liz Truss downplayed Sunday the prospect of a UK recession, while the man tipped...

Published 21 Aug, 2022 10:45am

Opinion

UK slips towards recession, heaping pressure on next PM to help

Britain’s slide towards a recession has gathered momentum after data this week showed inflation jumping above 10%,...

Published 21 Aug, 2022 05:16am

Business & Finance

Sterling struggles as inflation outlook sours mood

LONDON: The British pound weakened against the dollar on Thursday after policy minutes from the Federal Reserve...

Published 19 Aug, 2022 05:57am

Sports

South Africa keen to wreck England’s ‘Bazball’ party

LONDON: South Africa captain Dean Elgar says he does not fear “Bazball” as the Proteas seek to inflict England’s...

Published 16 Aug, 2022 09:48am

Business & Finance

UK economy closes in on recession

LONDON: Britain’s economy shrank in the second quarter, official data showed Friday, as the country heads towards...

Published 12 Aug, 2022 01:56pm

World

UK’s Johnson to leave ‘major’ fiscal decisions to next PM

LONDON: Prime Minister Boris Johnson will not make “major fiscal interventions” before leaving office next month,...

Published 08 Aug, 2022 08:06pm

Business & Finance

Sterling slammed as BoE delivers big rate hike but warns of long recession

LONDON: Sterling fell on Thursday after the Bank of England raised interest rates by the most in 27 years as it ...

Published 05 Aug, 2022 06:27am

Business & Finance

BoE raises rates by most since 1995 even as long recession looms

LONDON: The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long...

Published 05 Aug, 2022 06:27am

Business & Finance

Sterling loses steam

LONDON: The British pound weakened against the dollar on Tuesday as traders turned to safe-haven currencies amid...

Published 03 Aug, 2022 04:55am

Markets

FTSE 100 closes down as oil stocks drop, sterling gains

LONDON: A slump in oil stocks and rally in sterling weighed on Britain’s top share index on Monday, as investors...

Published 02 Aug, 2022 05:36am

Business & Finance

Sterling hits one-month high

LONDON: Sterling rallied on Monday against the euro and the dollar as an upbeat mood on broader financial markets...

Published 02 Aug, 2022 05:36am

Business & Finance

Sterling 3-month high vs euro, falls against dollar

LONDON: Sterling rallied to a new three-month high versus the euro as traders dumped the single currency on concerns...

Published 29 Jul, 2022 06:14am

Business & Finance

Sterling firm but held back by weak data, Fed

LONDON: The British pound edged higher on Wednesday thanks to a broadly sturdy dollar but gains were capped by a...

Published 28 Jul, 2022 04:41am

Business & Finance

Ukraine aims for $15-20bn IMF loan by year-end

LONDON: Ukraine aims to strike a deal for a $15-$20 billion programme with the International Monetary Fund before...

Published 27 Jul, 2022 01:11pm