bank of england
- Banking
Tremors through stablecoin market continue as Tether suffers $7bn sell-off
Tether, which can be hosted on the Ethereum and Bitcoin blockchains, among others, briefly lost its one-to-one US dollar peg…
Read More » - Banking
Senior politicians launch attack on Bank of England – reports
As the government has continued to come under fire for failing to tackle the cost of living crisis, Conservative politicians…
Read More » - Politics
Bank of England Governor Warns Of ‘Apocalyptic’ Food Price Rises Due To Ukraine War
The governor of the Bank of England today warned that an “apocalyptic” rise in food prices is on the cards…
Read More » - Banking
Bank of England ‘helpless’ to steady spiralling inflation
Speaking at the Treasury Select Committee, Bailey was asked by Conservative committee member Gareth Davies if he had felt “a…
Read More » - Banking
‘Things are only going to get worse’ as UK economy contracts in March
Both the monthly and quarterly reading, which indicated growth of 0.8%, came in under consensus, and investors are concerned that…
Read More » - Banking
How fixed income managers are preparing for recession and more inflation
Bond markets have had a testing few months, with assets selling off in the wake of rising yields as the…
Read More » - Banking
Don’t fall into the well: four income stocks outside oil
This is a very imprudent course of action. These cyclical sectors are prone to volatility, as evidenced by dividends cuts…
Read More » - Business
Former Bank chief warns on inflation as business calls for help
B USINESS today called for an immediate emergency budget to deal with soaring costs, including the reversal of the recent…
Read More » - Business
Sage of Soho warns on “perfect storm” for economy as recession fears mount
Sir Martin Sorrell, the Sage of Soho to some, says a “perfect storm” of supply chain difficulties, the Ukraine war,…
Read More » - Business
FTSE 100 Live: Stagflation fears continue to hit pound, house prices up again
1651823189 FTSE 100 falls, IAG down 6% European markets are trading lower as sentiment is impacted by last night’s New…
Read More » - Business
FTSE 100 Live: Stagflation fears continue to hit pound, IAG results
1651820366 Pound remains under pressure The pound continues to struggle against the US dollar after falling more than 2% yesterday…
Read More » - Banking
Amati Global Investors’ new Strategic Innovation fund promises to stay away from ‘hyper growth stocks’
The fund will take a step away from the boutique’s well-known UK small-cap offerings and take on a ‘go anywhere’,…
Read More » - Politics
Is The UK Heading For A Recession, And What Will It Mean?
The Bank of England has issued a stark warning to British people that the economy is at risk of slipping…
Read More » - Banking
Bank of England hikes interest rates to highest level since 2009
The bank’s Monetary Policy Committee voted by six to three to raise interest rates to 1%, with the minority voting…
Read More » - Business
Concern growing over impact of interest rises on business
The boss of one of the UK’s biggest Chambers of Commerce says businesses are increasingly worried about the impact interest…
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Bank of England warns of UK recession and says inflation will hit 10%
It also said the UK risks sliding recession due to higher energy prices, as it presented one of the most…
Read More » - Business
Bank of England raises interest rates to 1% – the highest rate in 13 years
T he cost of living squeeze tightened for thousands of London home owners on Thursday as the Bank of England…
Read More » - Banking
Fixed income experts warn ‘there is nothing central banks can do to impact inflation’
Katharine Neiss, chief European economist at PGIM Fixed Income, said that the UK is being hit with a double whammy…
Read More » - Finance
CBDCs shouldn’t be the only form of money, central bankers say
As central bankers in advanced economies consider launching their own digital currencies, top officials have warned that CBDCs should not replace existing payments…
Read More » - Business
Bank of England poised to ramp up interest rates as inflation bites
T WITCHY central banks are poised to aggressively hike interest rates this week in a bid to combat soaring inflation,…
Read More » - News
Deadline for paper £20 and £50 notes looms as banknotes soon to become void
The notes are being replaced with the new polymer £20 notes featuring J.M.W. Turner, and polymer £50 notes featuring Alan…
Read More » - Banking
Aviva’s Waygood: Financial system must start to pressure governments on climate change
Speaking at London’s City Week conference today (25 April), Waygood emphasised that while the role of finance had so far…
Read More » - Business
Inflated: why City fees for the Bank of England are soaring
I NFLATION is everywhere, not least if you are regulated by the Bank of England, theoretically in charge of controlling…
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Retail sales fall as consumer confidence tumbles to 2008 lows
Data released today (22 April) by the Office for National Statistics found the largest contributor to a fall in retail…
Read More » - Business
Bank angers City with 9% leap in fees for crypto
T HE Bank of England is asking City firms for a 9% rise in fees this year so it can…
Read More » - Business
FTSE 100 Live: Tesla results impress, Netflix shares slide 35%
1650524812 Ackman dumps Netflix stake A major Netflix stake bought just weeks ago by star fund manager Bill Ackman’s Pershing…
Read More » - Business
Fourth rate rise in a row looms at Bank of England as job market remains red hot
City economists said the central bank was now almost certain to raise rates again in May, following hikes at the…
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Inflation continues to erase impact of wage growth
While growth in average total pay was recorded at 5.4% and average regular pay at 4% from December 2021 to…
Read More » - Business
Humber’s role in future of energy security outlined to Bank of England governor
Governor of the Bank of England, Andrew Bailey, has been told how the Humber will be at the centre of…
Read More » - Business
East Midlands business activity grows but prices rising
East Midlands bosses said business growth hit an eight year high last month but said war in the Ukraine and…
Read More » - Finance
BoE to probe banks’ crypto exposure, CEOs told to watch risks
The Bank of England is looking into the City’s exposure to crypto and has asked firms to disclose information on…
Read More » - Banking
Regulators to review LME approach to suspension
The FCA and the Bank said the reviews, which will happen after “a period of stability”, will help to determine…
Read More » - Finance
Why central bank digital currencies are facing an identity crisis
If cryptocurrencies are dangerous because of their proliferation among criminals, central banks are keen to make sure the same can’t…
Read More » - Finance
Bank of England’s Jon Cunliffe says bitcoin threat to financial stability is ‘getting closer’
The threat that cryptocurrencies such as bitcoin pose to global financial stability is “getting closer”, a top Bank of England…
Read More » - Finance
Citigroup, Starling chiefs urge caution over the UK’s plans for Britcoin
As Threadneedle Street’s consultation on building a central bank digital currency gets underway, several of the City’s top banking executives…
Read More » - Banking
Rishi Sunak plans to replace our cash with official digital currency
The Britcoin revolution! Rishi Sunak plans to introduce official digital currency to rival cash in ‘biggest upheaval in the monetary…
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