Tag Archives: Bank of England

18Sep/17

Bank of England’s Carney sees Brexit pushing up inflation, rate rise likely

WASHINGTON, D.C., UNITED STATES (SEPTEMBER 18, 2017) (IMF TV) – Bank of England Governor Mark Carney said on Monday (September 18) that Brexit is likely to hurt Britain’s growth prospects in the short term and push up inflation as the country adjusts to life outside the European Union. Continue reading

16May/17

UK inflation highest since 2013

NOTTINGHAM, NOTTINGHAMSHIRE, UK (MAY 15, 2017) (BBC) – British inflation hit its highest level since September 2013 last month, extending its sharp rise since the vote to leave the European Union and tightening the squeeze on living costs as a national election approaches. Continue reading

28Mar/17

Mixed messages on eve of Brexit

With a day to go before UK prime minister Theresa May triggers Article 50 to start separation talks with the EU, the Bank of England is warning UK banks to prepare themselves in case of a disorderly Brexit. But, as Ivor Bennett reports, the eve of Brexit also attracts a vote of confidence from Qatar as its sovereign wealth fund pledges over $6 billion in investment in Britain. Continue reading

29Jan/17

Central banks to play second fiddle to Trump

U.S. President Donald Trump will again be centre of attention in the coming week with any policy statements, having helped put the Federal Reserve, Bank of England and other central banks in wait-and-see mode. Ciara Lee reports. Continue reading

24Jan/17

Brexit still formality despite ruling – analyst

Brexit timetable unlikely to be hindered by Supreme Court ruling the government must seek parliamentary approval – analyst

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16Jan/17

Sterling skids to three-month low as “hard Brexit” fears bite

Sterling skids to its lowest levels – bar a “flash crash” in October – in 32 years on Monday, hit by fears that Prime Minister Theresa May will say on Tuesday that Britain is set for a “hard” Brexit out of the EU and its single market.

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22Nov/16

UK wealth falls $1.5 trillion after Brexit FX moves: Credit Suisse

Britain is $1.5 trillion poorer in dollar terms due to the fall in the pound since the vote to leave the European Union, according to a new study on global wealth. But Credit Suisse also predicts that around 945 billionaires will be minted around the world in the next five years.

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01Nov/16

More Brexit trauma ahead for sterling?

UK manufacturing showed solid growth in October thanks to exchange rates driving up new orders, according to the latest data. But as Ivor Bennett reports, sterling could fall even further than some might want – a new poll forecasting lows of $1.15 when Britain starts formal divorce proceedings from the EU.
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05Oct/16

Sterling hits new low on ‘hard’ Brexit fears

Britain’s pound has fallen again on fears over a so-called “hard” Brexit, dropping below $1.27 for the first time since June 1985. And the UK’s key services sector PMI has also fallen slightly, with financial services in particular bracing for fallout. Hayley Platt reports.
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15Apr/16
Union Jack flag flutters next to European Union flags

10-week countdown to Brexit vote

A ten-week countdown to the UK Brexit referendum begins with the launch of the official campaigns by both sides in the debate. As Julian Satterthwaite reports, it comes amid more warnings on what it could all mean for the UK economy and financial sector. Continue reading