UK’s economy shrinks unexpectedly 0.5% in July
Britain's economy fell 0.5 percent in July from June at an unexpectedly sharp rate, that will add to worries about…
Browsing Tag
Bank of England (BOE)
BOE hikes interest rates to 5% – highest since 2008
The Bank of England (BOE) has increased interest rates by 50 basis points, to five percent on Thursday, the bank’s…
BOE: British people should accept they are poorer
Bank of England’s (BOE) top economist, Huw Pill said “people in the UK need to accept that they are poorer,…
Bank of England on high alert amidst current turmoil
Investors are hunting for points of weakness in banking with risks in the sector remaining high, as the Bank of…
UK CPI inflation jumps to 10.4% in Feb.
The Office for National Statistics announced on Wednesday UK's consumer price index (CPI) reached 10.4 percent in…
HSBC pays £1 to rescue UK Silicon Valley Bank
HSBC UK Bank, announced on Monday that it has agreed to acquire Silicon Valley Bank U.K. (SVB) for £1 ($1.21), the…
BOE faces critical policy decision with pound reach its lowest level
The Bank of England’s (BOE) governor Andrew Bailey has reiterated his commitment to reining the inflation, but the…
ECB to start discussion on shrinking its balance sheet earlier on October – report
The European Central Bank (ECB) agreed to start discussions on shrinking its balance sheet in early October,…
Britain’s next prime minister to be announced today
UK will name its new prime minister on Monday following a hard and bitter competition for leadership within the…
UK house price surges – Nationwide says
UK house average price stands at £273,751 ($316,487) up from £271,209 in July as it represents an increase of…
