uk-economy
Top StoriesInstant View: BoE Leaves Rates Unchanged, Says Policy ‘under Review’
Top StoriesQUOTES-Bailey Speaks After Bank of England Holds Rates at 5.25%
Top StoriesLondon Stocks Slip After BoE Stands Pat on Rates
Top StoriesSterling Slips Versus Dollar Before BoE and Fed Meetings
Five Ways the BoE Could Signal a Change in Rates Stance
Date: January 31, 2024
Five ways the BoE could signal a change in rates stance By William Schomberg LONDON (Reuters) – The Bank of England is expected to offer a first hint on Thursday that it is tentatively moving towards cutting interest rates, having raised them to their highest since 2008 over the past couple of years. Governor Andrew...
Sterling Looks Secure as Bank of England Nears Edge of ‘Table Mountain’
Date: January 29, 2024
Sterling looks secure as Bank of England nears edge of ‘Table Mountain’ By Alun John LONDON (Reuters) – The Bank of England is likely to hint this week it is aware that the time start cutting rates is nearing, but that is unlikely to bring sterling – this year’s second-best performing major currency – down...
Analysis-What’s the Beef? Canada Talks Stall as Britain Toughens Trade Approach
Date: January 26, 2024
Analysis-What’s the beef? Canada talks stall as Britain toughens trade approach By Alistair Smout LONDON (Reuters) – The suspension of Britain’s trade talks with Canada signals a tougher approach to post-Brexit trade deals by the UK that earned applause from its farmers, even as cheesemakers lost out and carmakers worried they might too. The stand-off...
UK Still Undecided on Digital Cash as Privacy Concerns Persist
Date: January 25, 2024
UK still undecided on digital cash as privacy concerns persist By David Milliken LONDON (Reuters) -British authorities will not decide until next year at the earliest on whether to go ahead with a state-backed digital pound that would provide an alternative to payments operated by banks and technology companies. The Bank of England and Britain’s...
British Equities Hit One-Week High as China Pledges Boost Sentiment
Date: January 24, 2024
British equities hit one-week high as China pledges boost sentiment By Sruthi Shankar and Khushi Singh (Reuters) -British equities touched a one-week high on Wednesday, bolstered by China-exposed stocks following measures taken by the Chinese central bank to support the economy, while sterling rallied after a survey hinted at high-for-longer interest rates. The exporter-heavy FTSE...
Bank of England May Start Cutting Interest Rates in Q2 as Inflation Eases- Reuters Poll
Date: January 22, 2024
Bank of England may start cutting interest rates in Q2 as inflation eases- Reuters poll By Jonathan Cable LONDON (Reuters) – It is a close call whether the Bank of England starts trimming borrowing costs next quarter or in July-September, a Reuters poll found, with only a slim majority of economists expecting it to do...