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 …
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 »
Q3 GDP -0.2% q/q vs Reuters poll -0.5% Economic production Sept. -0.6% m/m vs survey -0.4% GDP in July and August revised upwards Economists still see the UK heading into recession The Minister of Finance predicts “a difficult path” LONDON, Nov 11 (Reuters) – Britain’s economy shrank in the three months to September at the …
UK economy shrinks at start of feared long recession Read More »
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 »
UK inflation tops 10% BoE to raise rates by 75 basis points, analysts say The hike comes after a period of intense unrest in Britain The BoE is about to sell its stock of bonds LONDON, Oct 28 (Reuters) – The Bank of England is expected to hike its borrowing costs the most since 1989 …
Bank of England set to raise rates to maximum in 33 years Read More »
Bond sales will continue on November 1 Long-term bonds will not be sold this year The BoE postponed its “quantitative tightening” due to volatility BoE’s Cunliffe warns markets could be fragile in coming weeks LONDON, Oct 18 (Reuters) – The Bank of England said on Tuesday it was moving forward with plans to start selling …
Bank of England says bond sale to start November 1 Read More »
No government can control financial markets – Hunt Prime Minister Truss remains under intense political pressure Hunt promises to make ‘tough decisions’ on spending and taxes LONDON, Oct 16 (Reuters) – New finance minister Jeremy Hunt has vowed to win back Britain’s economic credibility by accounting for every penny of the government’s tax and spending …
UK Finance Secretary Hunt pledges to regain confidence in financial markets Read More »
NEW YORK, Oct 13 (Reuters) – Federal Reserve officials are pushing back on growing investor concerns that the U.S. central bank’s aggressive campaign to counter high inflation is setting the stage for a market crunch. Central bankers’ confidence is being thwarted by widespread fears among market participants who see strains on bond market liquidity, damaging …
Analysis: As Markets Worry, Fed Officials Dismiss Rising Financial Stability Risks Read More »
The Bank of England announces that it will buy indexed gilts Purchases of 5 bln stg per day until the end of the week BoE warns of ‘significant risk’ to financial stability The move represents a new headache for British Prime Minister Truss LONDON, Oct 11 (Reuters) – The Bank of England on Tuesday again …
Fire-fighting Bank of England forced to buy inflation-linked bonds Read More »
