Bank of England
UK computer pioneer Alan Turing face of 50 pound note
Mon, Jul 15, 2019
British computer pioneer and codebreaker Alan Turing will feature on the new design of the Bank of England`s 50 pound note, it was revealed on Monday. He is celebrated for his code-cracking work that proved vital to the Allies in World War Two, the BBC reported.
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UK economy may need more help as trade war, Brexit risks grow: BoE Governor Mark Carney
Wed, Jul 03, 2019
Bank of England Governor Mark Carney said a global trade war and a no-deal Brexit were growing risks to Britain`s economy which might need more help to cope with a downturn, prompting investors to increase their bets on a BoE interest rate cut.
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Bank of England calls for ''super shield'' against cyber attacks
Tue, May 14, 2019
Britain may need to copy the United States in building a "super shield" against catastrophic cyber attacks or major IT glitches that could cripple the finance industry, a senior Bank of England official said on Tuesday.
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Bank of England sees weakest UK outlook since 2009 on Brexit, global slowdown
Thu, Feb 07, 2019
The Bank of England said Britain faces its weakest economic growth in a decade this year as uncertainty over Brexit mounts and the global economy slows, but stuck to its message that interest rates will rise if an EU divorce deal is done.
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Bank of England to keep rates steady after market U-turn
Sun, May 06, 2018
Unexpectedly weak economic data and cautious remarks from Governor Mark Carney have dashed what looked like near-certain expectations of a rate increase until a few weeks ago. Since he joined the BoE in 2013, Carney has signalled several times that rates were likely to rise, only for economic data to go the wrong way
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Indian rupee vs US dollar: Here's what will happen ahead of elections
Mon, Apr 16, 2018
The US economy continues to be supported by a synchronised global recovery, fiscal expansion, tax reform and the prospect of increased business investment, all supportive of growth. While the tit-for-tat tariffs excite market volatility, the recent North Korean preference for de-nuclearisation and talks helped reduce it
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BoE to allow EU banks to operate in UK as normal after Brexit: BBC
Wed, Dec 20, 2017
The Bank of England will allow European banks to continue selling their services in the United Kingdom without having to create expensive subsidiaries after Brexit, even if no divorce deal is struck between London and Brussels, the BBC reported.
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Global markets: Dollar's decline, China optimism boost Asia stocks, commodities
Wed, Jul 19, 2017
"Globally, financial conditions tend to improve when the dollar is weak and vice versa," they added. "The falling dollar – still the globe`s major reserve and funding currency – tends to see risk appetite flourishing."
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Inflation in Britain highest since 2014: ONS
Wed, Feb 15, 2017
The latest ONS data showed on Tuesday that annual level of inflation as measured by the Consumer Prices Index (CPI) hit 1.8% last month, compared to 1.6% in December, making the first month of this year the fourth consecutive month that the CPI rate has risen.
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