Bank of England to raise rates again in February The Bank of England will press ahead with its tightening cycle next month as red-hot inflation runs well ahead of target and the economic threat ... Business • 21 Jan
Sterling hits 23-month high versus euro Sterling hit a fresh 23-month high and rose versus a weakening dollar on Thursday, still supported by expectations of rate rises, but with analysts questioning ... Business • 20 Jan
UK inflation rises to highest in nearly 30 years Inflation in Britain rose faster than expected to a near 30-year high in December, intensifying a squeeze on living standards and putting pressure on the ... Business • 19 Jan
Sterling edges higher against euro after robust UK data Sterling edged higher against the euro today after robust economic data, while investors assessed the impact of a potential leadership change in the country. Business • 14 Jan
Sterling steadies near 23-month high versus euro Sterling rose today to touch a pre-pandemic high versus the euro, supported by expectations that the Bank of England will raise interest rates further. Business • 11 Jan
Sterling at highest level against euro since Feb 2020 Sterling hit its highest level against the euro since the end of February 2020 as easing concerns about the economic impact of the pandemic boosted ... Business • 31 Dec 21
Bank of England fines Metro Bank £5.4m The Bank of England's Prudential Regulation Authority (PRA) has fined challenger bank Metro Bank £5.38m for failures in its regulatory reporting governance and controls, it ... Business • 22 Dec 21
Bank of England fines Standard Chartered £46.5m The Bank of England said today it was fining Standard Chartered £46.55m for misreporting its liquidity position to the regulator and for failings in its ... Business • 20 Dec 21
Bank of Japan scales back pandemic funding The Bank of Japan has today dialed back emergency pandemic-funding but maintained ultra-loose policy and extended financial relief for small firms, cementing expectations it will ... Business • 17 Dec 21
Bank of England ups rates as inflation pressures mount The Bank of England today became the world's first major central bank to raise borrowing costs since the coronavirus pandemic hammered the global economy last ... Business • 16 Dec 21
UK inflation jumps to 10 year high of 5.1% British consumer price inflation surged to an annual rate of 5.1% in November, its highest since September 2011, up from 4.2% in October, official figures ... Business • 15 Dec 21
UK jobs growth remains strong in November British employers added 257,000 staff to their payrolls in November, adding to signs that the labour market withstood the end of the government's furlough scheme, ... Business • 14 Dec 21
Sterling sinks below $1.33 for first time this year Sterling briefly dropped below $1.33 for the first time since December 2020 today as the currency found itself caught up in the dumping of riskier ... Business • 26 Nov 21
Sterling enjoys best week against euro since lockdown Sterling has risen versus the euro as economic data fuelled bets the Bank of England will raise interest rates, while the euro weakened with Austria ... Business • 19 Nov 21
UK inflation hits 10-year high in October British inflation surged to a 10-year high last month, according to data today that will bolster expectations that the Bank of England will raise interest ... Business • 17 Nov 21
UK jobs rise again after furlough scheme British employers added more workers to their payrolls in October after the government's job-protecting furlough scheme ended. Business • 16 Nov 21
Bank of England keeps UK interest rates on hold The Bank of England kept interest rates on hold today, dashing investors' expectations for a hike that would have made it the first of the ... Business • 04 Nov 21
Strong cost pressures as UK economy picks up UK businesses reported faster growth in October, helped by fewer curbs on foreign travel, but the Bank of England is likely to be worried about ... Business • 03 Nov 21
UK retail sales fall unexpectedly in September British retail sales dropped by 0.2% September, official figures showed today, adding to signs of weakness in the recovery and bucking economists' expectations in a ... Business • 22 Oct 21
UK inflation declines unexpectedly in September British inflation slowed unexpectedly last month but the decline was probably only a temporary respite for consumers and is unlikely to deter the Bank of ... Business • 20 Oct 21
Sterling hits 20-month high against euro Sterling touched a 20-month high against the euro today after Bank of England Governor Andrew Bailey sent a fresh signal that the central bank is ... Business • 18 Oct 21
Sterling sees biggest weekly gain since May Sterling rose today and was set for its biggest weekly gain against both the dollar and the euro since May, boosted by a combination of ... Business • 15 Oct 21
Cryptocurrency crash 'plausible', Bank of England says A collapse in cryptocurrencies is a "plausible scenario" and rules are needed to regulate the fast-growing sector as a "matter of urgency", Bank of England ... Business • 14 Oct 21
Markets could face correction, Bank of England warns The high value of financial assets could correct sharply if investors reassess the prospects for the economy's recovery from Covid-19 and there are signs of ... Business • 08 Oct 21
UK economy grew more strongly than thought in Q2 Britain's economy grew by more than previously thought in the second quarter before what looks like a sharp slowdown more recently as post-lockdown bottlenecks, including ... Business • 30 Sep 21
