Latest Updates Around The World
London: The Bank of England will keep a close eye on a tough set of economic data in the coming days after a sharp decision to leave interest rates unchanged amid concerns that inflation remains uncomfortably high. A busy week for watchers of the British economy will include labor market figures and consumer price data, […]
The Bank of England kept borrowing costs steady on Thursday, but a close vote and signs that Governor Andrew Bailey could soon join those seeking a rate cut raises the likelihood of a decision in December after the government budget later this month. Mindful of still high inflation in Britain, the nine-member Monetary Policy Committee […]
The dollar remained just below multi-month highs on Thursday as a recovery in appetite for riskier assets lifted recent highs, while sterling was under pressure ahead of a Bank of England meeting where investors expect a dovish tone. At $1.1495 against the euro, the dollar is little changed, although it is marginally weaker than Tuesday’s […]
The dollar strengthened to a nearly three-month high on Monday as investors awaited the release of data this week to gauge the health of the US economy and whether it could change the Federal Reserve’s hawkish stance. The yen languished near an 8.5-month low, pressured by wide interest rate differentials between the US and Japan. […]
British government bond yields fell sharply across maturities on Wednesday as investors counted on unexpectedly stable inflation data to prompt the Bank of England to cut rates at the end of this year. Short-term UK government bond yields hit their lowest levels since the run-up to Secretary of State Rachel Reeves’ first budget in October […]
European shares closed on Friday and reached their lowest in more than two weeks, weighed by British banks, while investors rated economic data in the US and the eurozone. Natwest fell by 4.8%, while Barclays and Lloyds are shed 2.2%and 3.4%respectively, because a think tank that offers the Great Britain of the Great Britain should […]
