GBP/USD Price Analysis & News BoE Says Negative Rates Are Not Coming, GBP/USD Jumps BoE optimistic on Growth Outlook Inflation expected to rise sharply towards 2% in Spring BOTTOM LINE: Bank of England left policy unchanged as expected, with the bank rate remaining at 0.1% and APF target atRead More →
© Reuters. BY Yasin Ebrahim Investing.com – The pound rose against the U.S. dollar on Wednesday and continued to maintain its third consecutive week of gains against the U.S. dollar. Before the Bank of England meeting on Thursday, weak economic data exceeded expectations. As the center of the BritishRead More →
Consumers face being hit by surging prices for protective gear as face coverings become mandatory for shoppers in England, a consumer group said. U.K. Prime Minister Boris Johnson said on Monday the measure will come into place on July 24, sparking fears that predatory sellers could bump up prices,Read More →
© Reuters. FILE PHOTO: Bank of England press conference LONDON (Reuters) – Former Bank of England deputy governor Andrew Bailey is the firm favorite to be named as the new governor of the British central bank, the Financial Times reported on Thursday. Bailey, 60, currently runs the Financial Conduct AuthorityRead More →
Living by the ocean blue can help keep you from feeling … well, blue. A new U.K. study of almost 26,000 people finds that those who reside about half a mile from the beach have better mental health than those who live more than 30 miles away. Researchers from theRead More →
Getty Images Mark Carney the Governor of the Bank of England arrives for a Financial Stability Report press conference at the Bank of England on July 11, 2019 in London, England. What’s a central bank supposed to do when it’s not sure whether a supply-side shock is coming in aRead More →
By Huw Jones LONDON (Reuters) – More realistic curbs on investors wanting to pull cash from funds could make investing in infrastructure more attractive and bolster economic growth, a senior Bank of England (BoE) official said on Monday. The decision by high-profile British fund manager Neil Woodford to suspend hisRead More →
With European markets closed for the May Day holiday, the FTSE 100 in London was higher though trading volume was light. How did markets perform? The U.K.’s FTSE 100 UKX, +0.10% rose 0.2% to 7,431.2, making up part of Tuesday’s 0.3% loss. The pound GBPUSD, +0.3069% climbed another 0.3% toRead More →
It has been serving British tea to shoppers from its London store since the reign of Queen Anne. Now Fortnum and Mason, the royal grocer, is to open its first international shop and restaurant abroad, having waited three centuries for the right moment. The privately owned retailer, bought by theRead More →
Warren Buffett’s annual letter to Berkshire Hathaway shareholders is typically a warts-and-all missive, highlighting good news while also acknowledging missteps. The letter, alongside Berkshire’s annual report, is scheduled for release at 8 a.m. Eastern on the company’s website, where investors can also comb through Buffett’s past missives. The annual reportRead More →
London markets were down on Monday, losing some of the advances made last week, with trading volumes potentially lower due to a U.S. holiday. Investor concerns remain over trade negotiation progress between the U.S. and China. Meanwhile, consumer goods company Reckitt Benckiser Group PLC added close to 4% after postingRead More →
CHAPEL HILL, N.C. — Once again this year, stock-market bulls are hoping that the New England Patriots will lose the Super Bowl. That’s right, folks. It’s time for my annual column debunking the infamous Super Bowl Predictor. The reason to devote yet another column to the subject isn’t that theRead More →
© Reuters. FILE PHOTO: Venezuela’s President Nicolas Maduro touches a gold bar as he speaks during a meeting with the ministers responsible for the economic sector at Miraflores Palace in Caraca By Mayela Armas and Corina Pons CARACAS (Reuters) – Venezuela’s gold holdings in the Bank of England have jumpedRead More →
London markets clung to their modest gains on Tuesday, as investors focused on a crucial parliamentary vote on U.K. Prime Minister Theresa May’s withdrawal agreement from the European Union. Elsewhere, China announced plans to ramp up support for its economy, which boosted mining and oil stocks. How are the marketsRead More →
