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Bank of England Holds Rates Steady, Pound Slumps to March Lows

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The British pound experienced a notable decline to its lowest level since March, while British equities displayed resilience amid broader market dynamics. This situation...

Bank of England Policymaker Catherine Mann Advocates for Continued Interest Rate...

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In a recent speech, Catherine Mann, a prominent policymaker at the Bank of England (BoE), emphasized the need for the central bank to continue...

Dollar improves, sterling in 1-year plateau based on cred report

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The pound nearly touched with a one-year peak on anticipation the Bank of England will hike interest rates the coming, while the dollar nudged higher...

No Evergrande fallout in Britain

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Bank of England Governor Andrew Bailey said that resolving Chinese property developer Evergrande Group’s struggle with $300 billion in liabilities has been fairly protracted. But...

British banks lift FTSE 100 after BoE raises rate

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Shares in British banks rallied, lifting the blue-chip FTSE 100. This is after the Bank of England stunned investors with an interest rate hike. This is the...

BoE becomes first major central bank to raise rates since the...

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The Bank of England became the world’s first major central bank. They have raised the interest rates since the pandemic hammered the global economy....

BoE chief economist says UK inflation could top 5%

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The Bank of England’s new chief economist, Huw Pill, said that inflation in Britain could surpass a 5%. The Financial Times reported this news. Pill told...

BoE ends closed door policymaker briefings with banks

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The Bank of England will no longer hold off-the-record briefings between policymakers and individual private sector firms. This is because of the scrutiny over the links...

BoE says that new rules needed to cover risks from cloud...

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New rules will be needed to deal with operational risks from banks relying on outsourced ‘cloud’ computing from Amazon, Google, Microsoft etc., The Bank...

Trade finance firms advised by UK regulators

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Britain’s financial regulators said that trade finance firms must do more to identify potentially suspicious activities. This can be done by undertaking additional risk...