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Tag: Bank of England


Financial Services, Industries

UK central bank intervenes in market to halt economic crisis

September 28, 2022

Via: ABC News

The Bank of England took emergency action Wednesday to stabilize U.K. financial markets and head off a crisis in the broader economy after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the […]


Finance Tech, Liquidity

Pound stabilizes but turmoil continues for UK economy

September 27, 2022

Via: ABC News

The British pound stabilized in Asian trading on Tuesday after plunging to a record low a day earlier, as the Bank of England and the British government tried to soothe markets nervous about a volatile U.K. economy. The instability began […]


Financial Services, Industries

Bank of England raises rates by half-point to tame inflation

August 4, 2022

Via: ABC News

The Bank of England projected Thursday that the United Kingdom’s economy will enter a recession at the end of the year as it hiked interest rates by the largest amount in more than 27 years, pushing to tame accelerating inflation […]


News

PwC UK partners land record £920,000 payouts

July 7, 2022

Via: Sky News

Sky News has learnt that the big four accountancy group briefed the 950 members of its top executive tier this week that it made average profit-per-partner of £920,000 in 2021-22 – up about 15% on the previous year’s figure. In […]


Finance Tech, Liquidity

Sterling Price Outlook: GBP Frailties Remain Despite New Windfall Tax

May 27, 2022

Via: DailyFX

Yesterday, Rishi Sunak announced a £15bn relief package for low income/vulnerable households in an attempt to ease the burden of escalating inflation. The package will be partially funded by a new temporary windfall tax applied to energy companies as they […]


Finance Tech, Liquidity

Bank of England Preview: How Will The Pound (GBP) React?

May 4, 2022

Via: DailyFX

The Bank of England is widely expected to deliver another 25bps rate hike at its upcoming meeting. Although, in light of recent voting splits (Figure 1.) within the MPC, this will be key to the initial market reaction for GBP. […]


Finance Tech, Liquidity

British Pound (GBP) Outlook: GBP/USD Looking to Set Up a New Trading Range

February 4, 2022

Via: DailyFX

The British Pound remains reasonably well-bid after the Bank of England hiked interest rates by 25 basis points and revealed that 4 out of the nine voting members argued for a 50 basis point increase. An updated inflation outlook, with […]


Finance Tech, Trading

European Shares Seen Lower Amid Rate-hike Uncertainty

November 23, 2021

Via: Markets Insider

European stocks are likely to open lower on Tuesday as inflation and rate-hike concerns dominate headlines. Doubts about whether the Bank of England will raise interest rates in December and concerns over the spread of Covid-19 in Europe may also […]


Finance Tech, Liquidity

British Pound (GBP) Price Outlook: GBP/JPY Closes in on Major Resistance Levels

October 14, 2021

Via: DailyFX

The strength of the recent advance in GBP/JPY is facing a key test at the 156.11 high recorded on May 27 and it will likely pause at that level as traders decide whether to keep buying the pair. If it […]


News

UK inflation jumped 1.5% in April as the economy reopened and Brits boosted their spending

May 19, 2021

Via: Markets Insider

UK inflation more than doubled in April as the economy reopened and energy and clothing prices climbed sharply, official figures showed Wednesday, rising at its fastest pace in more than a year. Headline consumer price index inflation rose 1.5% in […]