Pound Sterling gains as hot UK inflation raise doubts over BoE dovish prospects
The Pound Sterling retreats after facing selling pressure above the round-level resistance of 1.2700 against the US Dollar.
Inflation hits 2.3% in October, driven by higher energy bills and housing costs
The rate of consumer price inflation (CPI) hit 2.3% in October, figures from the Office for National Statistics show ...
Higher energy bills push UK inflation to 6-month high in October
Inflation in the U.K. has risen sharply to a six-month high in October. It's an increase that's set to cement market ...
Bank of England chief insists retailers are right to warn of post-Budget job cuts
Bank of England governor Andrew Bailey has said retailers are right to warn the government of potential job cuts due to tax ...
Retailers ‘right’ to warn of Budget job cuts, says Bank of England governor
The governor of the Bank of England, Andrew Bailey, said retailers were “right” to warn of sweeping job cuts as a result of ...
Shop bosses ‘right’ to warn of job cuts, says Bank of England governor
His statement comes as retailers turn up the heat in their efforts to get Chancellor Rachel Reeves to water down her Budget ...
Politico Europe22h
Don’t pick a side in Trump vs. EU trade war, Bank of England boss warns UK
The head of the U.K. central bank said Britain should maintain an “active dialogue” with both the EU and the U.S., amid fears incoming President Donald Trump will force London to choose which ...
BoE chief Andrew Bailey blames Budget and US election nerves for driving up UK borrowing rates... as he questions whether Trump will follow through on tariff threats
Andrew Bailey said the rise in the costs of servicing government debt - which also affects mortgage rates - had been partly a ...
Admiral Markets23h
UK And Canada Inflation Reports Draw Attention, Goldman Sachs Sees SP500 To 6,500 In 2025
Inflation reports coming from the UK and Canada draw market attention as the week starts while Goldman Sachs sees S&P500 ...
BOE’s Bailey Says Budget Tax Rises Support Gradual Rate Cuts
The UK government’s move to raise taxes on employers means the Bank of England will have to take a cautious approach in ...
Britain’s biggest retailers say job losses ‘inevitable’ after Budget tax hikes
More than 70 businesses, including Tesco, Asda and Sainsbury’s, have raised their concerns in a letter to Rachel Reeves.
Express & Star1d
Bank of England boss warns over ‘fragmenting’ world economy amid Trump tariffs
The Governor of the Bank of England has warned over “fragmenting” the world economy amid promises from Donald Trump that he will impose steep trade tariffs on other countries. Speaking to MPs on ...