bep

The Bank of England will raise its bank rate by 50 basis points in December, peaking at 4.25% in the first quarter (Reuters poll)

The Bank of England will raise its bank rate by 50 basis points in December, peaking at 4.25% in the first quarter (Reuters poll)

LONDON, Nov 23 (Reuters) – The Bank of England will continue to hike interest rates to fight inflation even as Britain heads into a long albeit shallow recession as consumers face a prolonged crisis in the cost of living, according to a Reuters poll of economists. . Finance Minister Jeremy Hunt announced more pain in …

The Bank of England will raise its bank rate by 50 basis points in December, peaking at 4.25% in the first quarter (Reuters poll) Read More »

FTX Collapse Shows Need for Crypto Regulation, Says Bank of England

FTX Collapse Shows Need for Crypto Regulation, Says Bank of England

LONDON, Nov 21 (Reuters) – The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world into the regulatory framework, the Deputy Governor of the Bank of England said on Monday. Jon Cunliffe. FTX, which filed for protection in the US bankruptcy court, said it owed its 50 biggest creditors nearly $3.1 …

FTX Collapse Shows Need for Crypto Regulation, Says Bank of England Read More »

UK to turn the page on 'Trusonomics' with budget plan

UK to turn the page on ‘Trusonomics’ with budget plan

The new government wants to restore confidence in the British economy Hunt warns of more pain as recession likely underway The budget will include tax increases and spending cuts Britain is the only G7 country whose economy is still below pre-Covid size LONDON, Nov 17 (Reuters) – Finance Minister Jeremy Hunt will on Thursday bury …

UK to turn the page on ‘Trusonomics’ with budget plan Read More »

Column: Ukraine endgame could electrify global markets

Column: Ukraine endgame could electrify global markets

LONDON, Nov 11 (Reuters) – Defusing this year’s biggest shock to the global economy could catalyze a rebound in global markets that many investors believe is too late – but could also raise other uncomfortable puzzles. Whispers about an endgame to Russia’s 9-month-old invasion of Ukraine – suggestions ranging from ‘talking talks’ to a brokered …

Column: Ukraine endgame could electrify global markets Read More »

EU could breach global banking rules, regulators warn

EU could breach global banking rules, regulators warn

Regulators warn of weakening ‘minimum safety net’ EU states and lawmakers expected to approve looser rules Britain and the United States have yet to submit proposals Banks say tougher capital rules could hamper lending FRANKFURT/LONDON, Nov 4 (Reuters) – The European Union could breach international banking standards designed to prevent a repeat of the global …

EU could breach global banking rules, regulators warn Read More »

Bank of England raises rates to highest since 1989 even as long recession looms

Bank of England raises rates to highest since 1989 even as long recession looms

The central bank raises its discount rate to 3% from 2.25% BoE tells investors their bets on rate hikes look too big The British pound falls nearly 2% against the US dollar New forecasts show recession will last until 2024 The government is due to present its budget plans on November 17 LONDON, Nov 3 …

Bank of England raises rates to highest since 1989 even as long recession looms Read More »

Storm clouds gather over the pound as attention returns to dire economy

Storm clouds gather over the pound as attention returns to dire economy

LONDON, Nov 2 (Reuters) – The pound has just staged its strongest monthly rise in a year after shaking up weeks of political unrest in Britain, but that strength is likely to be only temporary as investors once again turn to the stagnation of the economy and the Bank. from England. The pound slumped to …

Storm clouds gather over the pound as attention returns to dire economy Read More »

Frankfurt steps up efforts to move euro clearing from London

Frankfurt steps up efforts to move euro clearing from London

LONDON, Nov 1 (Reuters) – Deutsche Boerse’s derivatives division (DB1Gn.DE) stepped up efforts on Tuesday to attract a larger tranche of multi-trillion-euro derivatives cleared from London to its Frankfurt base ahead of legislation expected from the European Union. Brussels compared the need to reduce the EU’s heavy reliance on London for euro derivatives clearing since …

Frankfurt steps up efforts to move euro clearing from London Read More »