Bank of England

Bank of England, Central Bank of Egypt team up to fight climate crisis

Thu, 28 Jul 2022 - 04:15 GMT

As part of a technical cooperation scheme funded by the UK Government, Bank of England staff are sharing UK experience on analysing, managing and understanding the effects of climate change on financial firms and the stability of the financial system.

Bailey set to be named new Bank of England boss - source

Sun, 22 Dec 2019 - 07:16 GMT

Bailey, 60, is chief executive of the Financial Conduct Authority, a regulator charged with fighting misconduct in the finance industry, and previously spent 30 years at the BoE.

Sterling stuck near 14-month low despite strong retail data

Thu, 16 Aug 2018 - 10:49 GMT

Hot weather and the World Cup boosted retail sales in July but the pound remained flat against the dollar around the $1.27 level.

Bank of England raises rates above crisis lows, signals no rush for next hike

Thu, 02 Aug 2018 - 11:22 GMT

The BoE’s nine rate-setters were unexpectedly unanimous in their vote to raise rates to 0.75 from 0.50 percent.

Sterling weakens despite Bank of England rate hike prospects

Thu, 26 Jul 2018 - 09:23 GMT

With just over eight months left until Britain is due to leave the European Union, there is little clarity about how trade will flow as Prime Minister Theresa May tries to strike a deal with the bloc.

Bank of England chief economist calls for rate rise, MPC give new QE guidance

Thu, 21 Jun 2018 - 11:55 GMT

The Monetary Policy Committee voted 6-3 to keep rates at 0.5 percent, where they have been for most of the past decade.

Bank of England to keep rates steady after market U-turn

Sun, 06 May 2018 - 07:50 GMT

The Bank of England looks set to keep interest rates on ice this week, capping a sharp swing in the outlook for the British central bank.

Sterling climbs to highest since Brexit vote in June 2016

Tue, 17 Apr 2018 - 08:21 GMT

The rally comes ahead of the crucial data on the labour market and average earnings, which is due at 0830 GMT.

UK retailers suffer worst October since 2008: BRC

Tue, 07 Nov 2017 - 09:05 GMT

British retail spending fell last month at the fastest pace for any October since 2008.

UK economy peps up, bolstering BoE rate hike call -PMI

Fri, 03 Nov 2017 - 12:31 GMT

Britain's economy appears to be picking up speed, according to a survey on Friday that will reassure the Bank of England.

Bank of England set to raise rates for first time since 2007

Thu, 02 Nov 2017 - 12:26 GMT

The Bank of England looks set to raise interest rates for the first time in more than 10 years on Thursday.

Sterling holds breath before historic BoE decision

Thu, 02 Nov 2017 - 09:20 GMT

Sterling steadied on Thursday, consolidating some chunky gains this week, especially against the euro, before Bank of England policy decision to raise interest rates.

Bank of England sees up to 75,000 finance job losses after Brexit: BBC

Tue, 31 Oct 2017 - 09:19 GMT

The Bank of England expects Britain to lose up to 75,000 financial services jobs.

Sterling drops to 2-week lows as BOE doubts rise

Fri, 20 Oct 2017 - 10:16 GMT

Britain's pound skidded to a two-week low on Friday amid doubts over the outlook for Bank of England interest rate moves and concerns over Brexit.

UK economy stuck in low gear, as BoE prepares to hike rates - PMI

Wed, 04 Oct 2017 - 09:20 GMT

Britain’s economy remained stuck in low gear in the third quarter but price pressures grew further.

Free market is best, Britain's PM says, as leftist opposition closes in

Thu, 28 Sep 2017 - 01:56 GMT

British Prime Minister Theresa May on Thursday defended free markets as the proper way to run an economy.

Bank of England to balance Brexit and inflation as it seeks right note on rates

Thu, 14 Sep 2017 - 09:34 GMT

The Bank of England must decide how forcefully to talk about the prospect of a first interest rate rise in a decade on Thursday.

Bank of England says ready to act on Brexit banking risks

Thu, 14 Sep 2017 - 08:41 GMT

The Bank of England is taking a close look at financial institutions’ plans to handle Britain’s departure from the European Union.

UK inflation jump puts Bank of England back in spotlight on rates

Wed, 13 Sep 2017 - 09:00 GMT

British inflation hit its joint highest level in more than five years in August, complicating the Bank of England’s job this week of explaining why it is not raising interest rates.

Inflation targets still proving elusive

Sat, 09 Sep 2017 - 10:49 GMT

Bank of England rate setters won’t shock markets with any policy moves when they meet next week as a struggling economy .