Interest rates

The pound is expected to become one of the top-performing major currencies in 2024, according to leading American investment banks. Analysts predict that sterling will reach a four-year high of $1.41 against the dollar by the end of next…

The UK housing market is gearing up for a bustling autumn season, fueled by the Bank of England's recent interest rate cut, the first since the onset of the Covid-19 pandemic. According to an analysis published by property website Zoopla on…

After the Bank of England lowered rates for the first in over four years, the pound and FTSE 100 both fell dramatically. According to central bank forecasts, the economy is expected to grow much faster than originally thought this year,…

The housing market is "relatively stable" despite the fact that many people still struggle to buy their first home. According to Nationwide, Britain’s third largest mortgage lender, the average house price has increased by 2.1% compared…

Bank of England cuts interest rates first in four years. This is a relief for millions of homeowners, and families who are still struggling with the rising cost of living. After holding borrowing costs at their highest level for more…

The UK's largest domestic lender posted a decline in profits for the first half of the year as the interest rate boom that benefited the banking sector faded. Lloyds Banking Group reported that its pre-tax profit for the six months…

A closely-watched survey revealed that the UK private sector's economy grew faster than expected, and inflation dropped to its lowest level in three and a half years this month. This "welcoming" picture for Labour is a welcome one,…

The Bank of England is debating whether or not to reduce interest rates in the next month. This slowdown in wage growth in Britain in May was the lowest in almost two years. According to official figures, the average weekly income,…

The pound reached a new high against the US dollar, as traders re-wrote their bets about a rate cut by the Bank of England in the next month. The pound rose 0.45 percent against the dollar, to $1.30. This is the highest level since July…

One of Bank of England’s doveish rate-setters called for interest rates to be cut in order to reduce the cost of living, and because inflation is on a “firm downward trajectory”. Swati Dhingra is an external member on the monetary…

The chief economist of Bank of England has warned that key inflation measures remain "uncomfortably" high. This is a blow to the hopes of households for a rate cut. Huw Pill, a member of Threadneedle Street’s monetary committee (MPC),…

Investors in Britain are anticipating a possible cut in interest rates, and have poured money into equity funds faster than ever before. Calastone's latest data on funds flows shows that over £11 billion has been invested in equity funds…

Andrew Bailey, the Bank of England's deputy governor, said that it was important to keep interest rates low in order to maintain a low inflation rate. The monetary committee voted by 7-2 to freeze the base rate of 5.25 percent, which is…

Bank of England will likely leave interest rates unchanged for the seventh consecutive time at its Thursday meeting, despite the fact that inflation has returned to the UK official target for nearly three years. At midday, the central…

Even though inflation is down to 2% this year, consumers are still cutting back on their non-essential purchases, including eating out, buying takeaway food and clothes. KPMG's latest figures show that after two years of rising prices…

Rachel Reeves, the shadow chancellor of England, has warned of "the dangers" of changing the way the Bank of England pays commercial lenders interest on their deposits. She has thrown cold water on a proposal that some economists had said…

Goldman Sachs warned that tax increases are "inevitable", as the legacy of quantitative ease from the Bank of England will be felt after the elections. The American Investment Bank has stated that the losses from the quantitative easing…

The European Central Bank cut interest rates, for the first in nearly five years. However, future cuts will depend on whether or not price pressures continue to ease. The quarter-point reduction to 3.75 percent on Thursday, which was not…