UK Gilt Yields Surge as Unemployment Holds Steady, Eyes on Inflation Data
UK gilt yields rose as unemployment stayed at 4.7%, with investors now focused on upcoming inflation data to predict the Bank of England's next move on interest rates.
Bank of England News
BoE's Chief Economist Huw Pill Cautions on Rising Inflation Risks Despite Current Progress
BoE's Chief Economist Huw Pill warns of the risk of inflation becoming more persistent despite current disinflation progress, highlighting challenges in aligning interest rate cuts...
European Markets React to Trump-Putin Meeting Speculation and BoE Rate Cut
European stock markets opened mixed amid speculation over a Trump-Putin meeting and the Bank of England's decision to cut interest rates. Key indexes showed varied performances, wi...
European Markets Hesitate as Investors Eye Trump-Putin Meeting and Ukraine Ceasefire Decision
European markets traded flat to lower as investors await clarity on a potential Trump-Putin meeting and Russia's decision on a Ukraine ceasefire. The Bank of England cut interest r...
Mixed Start for European Markets as US Tariffs Take Effect and Economic Data Awaits
European markets showed mixed reactions as US tariffs took effect, with investors eyeing upcoming economic data and the Bank of England's rate decision. Key indices like DAX and CA...
European Markets Edge Higher Amid New US Tariffs and Anticipation of BoE Policy Decision
European markets opened higher despite new US tariffs, with the EU facing a 15% duty on exports. Investors are also anticipating the Bank of England's policy decision, expected to ...
European Markets Surge as EU Delays US Tariffs, BoE Decision Awaited
European stock indexes closed higher as the EU delays US tariffs, easing trade tensions. The Bank of England's upcoming interest rate decision is in focus, with markets showing cau...
Investors Eye BoE's Rate Decision as UK 10-Year Gilt Yield Hits July Low
The yield on UK 10-year gilts drops to its lowest since July 1 amid expectations of a Bank of England rate cut, influenced by rising unemployment and U.S. tariffs. Market reactions...
UK Sees a Surge in Mortgage Approvals and Remortgaging Hits Peak Since October 2022
The UK housing market shows signs of growth with mortgage approvals increasing to 64,200 in June, and remortgaging approvals reaching their highest since October 2022. Consumer cre...
UK's Private Sector Growth Cools in July: A Sign of Economic Slowdown Ahead?
UK private sector activity growth slowed in July, with the composite PMI dropping slightly but staying above 50. The service sector saw a modest expansion, while manufacturing reac...
European Markets Rally on Trade Deal Optimism and Bank of England Rate Cut
European stock markets closed mostly higher on Thursday, driven by optimism from a US-UK trade deal and a Bank of England rate cut. Key indices like DAX and Euro Stoxx 50 saw signi...
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...
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....
European Markets Surge as Investors Await Bank of England's Potential Rate Cut Amid Trade Concerns
European markets opened higher as investors anticipate a Bank of England rate cut to address trade concerns, supported by positive German data and Fed signals. Major indices and cu...
European Markets Rally Ahead of BoE Rate Decision and Potential US-UK Trade Deal Announcement
European stock markets are trading higher ahead of the Bank of England's anticipated rate cut and potential announcement of a new US-UK trade deal. Key indices show positive moveme...
European Markets Dip as Investors Eye Central Bank Decisions Amid Corporate Earnings Season
European markets closed lower as investors focused on upcoming central bank decisions and recent corporate earnings. Key indices like DAX, FTSE 100, and CAC 40 saw declines, alongs...
European Markets Show Mixed Signals as Earnings Season Heats Up: Key Stocks to Watch
European stocks closed mixed as investors awaited a busy earnings week and the Bank of England's interest rate decision. The DAX rose, while the CAC 40 fell, with Kering dropping s...
European Markets Show Mixed Results as Investors Eye Upcoming Earnings and Bank of England Decision
European stocks closed mixed as investors await a busy week of corporate earnings and the Bank of England's interest rate decision. The DAX rose, while the CAC 40 fell, and currenc...
March Sees a Dip in UK Mortgage Approvals Amidst Changing Consumer Credit Trends
The Bank of England reports a slight decrease in UK mortgage approvals for house purchases in March, alongside an increase in remortgaging approvals. Consumer credit figures and pe...
Uncertainty Looms as BoE's Megan Greene Questions Future US Tariffs Impact on UK Economy
Bank of England's Megan Greene voices uncertainty over future US tariffs and their impact on the UK economy, highlighting concerns over supply issues, productivity growth, and pote...
Bailey Highlights UK's Open Economy and Global Relations with US Amid Growth Concerns
Bank of England Governor Andrew Bailey discusses the UK's open economy, the significance of US global relations, and the risks of economic fragmentation to growth. He also praises ...
UK's Private Sector Faces Sharp Decline in April Amid Global Demand Slump
The UK's private sector activity experienced a sharp decline in April, with the PMI dropping to its lowest since November 2022. Manufacturing and services sectors both saw signific...
UK's Private Sector Faces Sharp Decline in April: A Deep Dive into PMI Figures
The UK's private sector activity saw a sharp decline in April, with PMI figures dropping significantly. Manufacturing and services sectors both reported lows, attributed to global ...
UK's Private Sector Takes a Dive: April Sees Sharpest Drop in Business Activity in Over a Year
UK's private sector activity sharply declined in April, with PMI figures hitting lows not seen in over a year. Manufacturing and services sectors both experienced significant drops...
UK's Private Sector Faces Sharp Decline in April Amid Global Demand Slump and Rising Costs
The UK's private sector activity experienced a sharp decline in April, with the composite PMI dropping to 48.2, the lowest since November 2022. Manufacturing and services sectors b...
UK Economic Slowdown: Private Sector Activity Hits Record Low Amid Global Trade Fears
UK's private sector activity has entered contraction in April, with PMI figures hitting multi-month lows across manufacturing and services sectors, driven by global trade worries a...
UK's Private Sector Faces Sharp Decline in April Amid Global Demand Slump and Rising Costs
The UK's private sector activity has sharply declined in April, with PMI figures hitting multi-month lows across manufacturing and services sectors, driven by a slump in exports an...
UK Government Initiates Independent Probe into National Statistics Office Over Data Flaws
The UK government has launched an independent investigation into the Office for National Statistics due to concerns over inaccurate economic data. The review, led by Sir Robert Dev...
UK Housing Market Slows: Mortgage Approvals Dip to 65,500 in February
The UK housing market shows signs of slowing as mortgage approvals for house purchases fell to 65,500 in February, alongside reductions in remortgaging approvals and consumer credi...
February Sees a Dip in UK Mortgage Approvals Amid Rising Loan Rates
The Bank of England reports a slight decrease in UK mortgage approvals for February, alongside reductions in remortgaging and consumer credit. Loan rates have risen, yet mortgage d...
UK Mortgage Approvals Dip in February: A Closer Look at the Housing Market Slowdown
The UK saw a slight decrease in mortgage approvals for house purchases in February, with remortgaging approvals and consumer credit also declining. The Bank of England reports a st...
February Sees a Dip in UK Mortgage Approvals: What Does This Mean for Homebuyers?
The Bank of England reports a slight decrease in UK mortgage approvals for February, with remortgaging and consumer credit also showing declines. Personal loan rates increased slig...
