Tag: Bank of England

The British pound fell slightly on Thursday as observers anxiously await the Bank of England's incoming interest rate decision later in the day. After data showed that UK inflation cooled more than expected in August, traders are unsure as to the central bank's next...

The UK economy is showing signs of slowing following 14 interest rate hikes by the Bank of England (BoE) in an effort to fight inflation. A survey published on Wednesday showed that activity among businesses dropped by its largest margin since January 2021, when...

UK wage growth hit record numbers on Tuesday, with the Bank of England looking increasingly likely to continue its interest rate hikes when reconvening on September 21 for its next policy meeting. Average wages excluding bonuses jumped 7.8% in the three months ending June...

Stocks on the London Stock Exchange fell and the British pound hovered near a one-month low on Thursday as investors anxiously anticipate the latest interest rate decision from the Bank of England. Against the U.S. dollar, the pound fell 0.2% to $1.2688; just shy of...

Sterling remained steady on Wednesday as investors remained split when it came to betting on the Bank of England's next policy decision due to be debated at its meeting on Thursday. The British pound remained flat against the U.S. dollar at $1.2782 after slumping...

The British pound is set to record its second straight monthly gain in July and fourth rise in five months. This comes as the Bank of England (BoE) mulls further interest rate hikes in an effort to cool stubborn inflation. Currently, the British central bank...