BoE bumps rates by largest single increase in 33 years
Market watchers expect pace of rate rises to slow following 75bps increase
Market watchers expect pace of rate rises to slow following 75bps increase
Key events for UK wealth managers for the week starting 13 June
Mark Carney slashes rates to 0.25% before handing the torch to Andrew Bailey
Stubborn inflation data and an unexpected decline in wage growth have made a summer rate rise look like an increasingly distant possibility.
The 21-month transition deal agreed between the UK and European Union is a welcome step but leaves unanswered questions regarding Brexit’s impact on UK businesses, industry figures have warned.
Bank of England governor Mark Carney has warned that cryptocurrencies are “failing” and called for them to be regulated to prevent illegal activities.
ECB president Mario Draghi delivered an upbeat message on the eurozone recovery on Tuesday as BoE governor Mark Carney addressed concerns over the level of household debt.
The pound bounced back from its post-election lows after it emerged this afternoon the central bank’s monetary policy committee were not unanimous on discounting a rate rise.
Deputy governor for markets and banking at the Bank of England, Minouche Shafik, is to leave the bank two years into a five year term for a position as head of the London School of Economics.
As banking stocks plummeted on Friday morning, Bank of England governor, Mark Carney sought to remind the market that they are in good health and reassure investors the BoE stands ready to do whatever is needed.
Growth in UK manufacturing output stalled for the first time in two years the latest Industrial Trends survey from the Confederation of British Industry showed.
S&P’s surprise downgrade of Brazil’s credit rating yesterday has added another layer of complexity to the decision facing the members of the Federal Open Market Committee next week.