Sterling moves higher again today Sterling ticked up today, rising for a second day against a faltering US dollar after preliminary British economic activity data beat expectations, though it still … Business • 23 Nov
Covid in China sets sterling for big daily fall Sterling slipped against a strengthening US dollar today as global risk sentiment was dented by rising Covid-19 cases in China, which led to new restrictions … Business • 21 Nov
FTX collapse shows need to regulate crypto - BoE The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe … Business • 21 Nov
Virgin Money reports jump in annual profit British lender Virgin Money has today reported a 43% increase in full-year profit, as Bank of England rate rises lifted its finances ahead of a … Business • 21 Nov
UK budget will lead to 'shallower downturn' - Hunt Britain has unveiled an austerity budget with £55 billion of tax hikes and spending cuts, despite confirming its economy is in recession. Business • 17 Nov
UK economy shrinks less than feared as recession looms Britain's economy shrank by a less severe than expected 0.2% in the three months to September, according to official data which is likely to represent … Business • 11 Nov
More rate rises to come - Bank of England economist The Bank of England is set to increase interest rates again and "cannot declare victory" yet against inflation, according to its top economist. Business • 08 Nov
Persimmon flags slowing demand amid surge in rates Persimmon, Britain's second-largest housebuilder, said today that its sales rate slipped further in the last six weeks, as the political and economic turmoil in the … Business • 08 Nov
Euro and sterling jump, dollar falters Euro and sterling rose against the safe-haven US dollar today, supported by a risk-on sentiment across markets with European stocks rising on persistent hopes China … Business • 07 Nov
Carney insists that Brexit has taken toll on UK economy Former Bank of England governor Mark Carney has doubled down on his claims Brexit has taken a toll on the pound and sparked higher inflation. Business • 04 Nov
Sterling drops as Bank of England hikes interest rates Sterling fell sharply today as the Bank of England raised interest rates by 75 basis points, a day after the Federal Reserve hiked borrowing costs … Business • 03 Nov
Bank of England raises interest rates to 3% The Bank of England has today raised interest rates to 3% from 2.25%, its biggest rate rise since 1989 as it warned of a "very … Business • 03 Nov
Sterling dips ahead of Bank of England decision Sterling reversed earlier gains against the dollar and euro in later trade as markets braced for policy decisions from the Bank of England on benchmark … Business • 02 Nov
Sterling hits six week high as budget plan delayed Sterling soared to six-week highs today, as Britain's new Prime Minister Rishi Sunak held his first cabinet meeting and a decision to delay the announcement … Business • 26 Oct
Political chaos tips UK firms into deeper slide - PMIs British businesses are suffering their worst month since January 2021, when they were under a Covid-19 lockdown, as the country's political upheavals compound concerns about … Business • 24 Oct
Sterling rallies as Prime Minister Liz Truss resigns Sterling rallied and investors reined in their bets on a big Bank of England interest rate hike in November as UK Prime Minister Liz Truss … Business • 20 Oct
Pound weakens as UK inflation returns to 40-year highs Sterling fell today after data showed surging food prices pushed British inflation into double digits last month, leaving investors to weigh up the outlook for … Business • 19 Oct
Sterling pauses after UK fiscal U-turn rally The dollar lost ground against sterling and other major peers today as investor sentiment picked up following the UK's dramatic U-turn over the tax-slashing mini … Business • 18 Oct
Sterling sinks after finance minister's sacking Sterling fell against a strengthening dollar today after the British government cancelled only part of its fiscal programme, disappointing investors who had expected a bigger … Business • 14 Oct
Truss U-turns on corporation tax after sacking Kwarteng British Prime Minister Liz Truss has sacked her chancellor and scrapped parts of their economic package in a bid to stay in power and survive … Business • 14 Oct
Sterling rallies after reports of UK tax U-turn The pound held firm in volatile trade today, having surged to a one-week high after reports of a possible U-turn by the UK government on … Business • 13 Oct
UK borrowing costs hit 20-year high ahead of deadline The Bank of England has today confirmed its emergency bond-buying scheme would close this Friday, in spite of reports that it was considering extending the … Business • 12 Oct
UK economy on brink of recession as it shrinks in Aug Britain's economy shrank by 0.3% in August from July, hit by weakness in manufacturing and by maintenance work which slowed the oil and gas sector, … Business • 12 Oct
Sterling falls again as turmoil dogs the bond market The pound fell for a fifth day today as the turmoil engulfing UK government bond markets forced the Bank of England to step in yet … Business • 11 Oct
Bank of England forced to buy inflation-linked bonds The Bank of England sought again to stem a sharp sell-off in Britain's 2.1 trillion pound government bond markets today, expanding its emergency buying to … Business • 11 Oct
