Economy News

Economy

British Pound Surges Against Euro Following Bank of England's Expected Rate Cut

The British pound strengthened against the euro and dollar after the Bank of England cut interest rates by 25 basis points to 4.25%. Governor Andrew Bailey's cautious remarks and o...

Economy

BoE's Ramsden Voices Concerns Over UK Productivity and Supply Amid Trump's Tariff Uncertainty

Bank of England Deputy Governor Dave Ramsden expresses concerns over the UK's productivity and supply recovery amidst Trump's tariff policy uncertainties, highlighting potential im...

Economy

BoE's Bailey Stresses: Interest Rates Demand Vigilance Amid Global Uncertainties

Bank of England Governor Andrew Bailey warns against fixed interest rate policies, citing global uncertainties. Despite recent rate cuts to 4.25%, Bailey remains committed to a 2% ...

Economy

EU Threatens $95 Billion in US Imports with Tariffs Amid Stalled Trade Negotiations

The European Union is prepared to impose tariffs on US imports worth €95 billion following unsuccessful trade talks, potentially escalating into a full-blown trade war between the ...

Economy

BoE's Bailey Highlights US-UK Trade Deal as Key to Reducing Global Economic Uncertainty

Bank of England Governor Andrew Bailey views the upcoming US-UK trade deal as a significant step towards reducing global economic uncertainty, despite not knowing the full details....

Economy

BoE Cuts Interest Rates to 4.25% Amid Global Trade Uncertainties and Inflation Progress

The Bank of England has cut interest rates to 4.25% following a tight 5-4 vote, citing progress on disinflation but expressing caution over global trade uncertainties. The move ref...

Economy

Surprising 3.2% Surge in UK House Prices This April Defies Economic Expectations

The UK housing market showed resilience with a 3.2% annual price increase in April, exceeding expectations. Despite economic challenges, the market remains strong, with stable pric...

Economy

Germany's Trade Surplus Soars to €21.1B in March, Exceeding Analysts' Expectations

Germany's trade surplus rose to €21.1 billion in March, exceeding expectations. Exports increased to €133.2 billion, with the EU and the US as key markets, while imports stood at €...