About: Bank of England

Economy & Jobs 02-08-2018

European markets sink as trade war fears build

European equities markets were in the red on Thursday as trade war fears ratcheted higher after the United States said it was looking at more than doubling threatened tariffs on a range of Chinese imports.
Brexit 02-08-2018

Bank of England poised to raise rates in the face of Brexit risk

The Bank of England looks set to raise interest rates on Thursday (2 August) to their highest level since the financial crisis, defying warnings that it is taking a gamble ahead of Brexit, the terms of which remain unclear.
Economy & Jobs 09-08-2017

Bank of England says Brexit transition desirable as banks set out contingency plans

The Bank of England said a transition period after the Britain leaves the European Union would give banks more time to make orderly changes as Brexit poses risks to financial stability.
Brexit 07-04-2017

Bank of England chief tries to avoid Brexit bank bedlam

Bank of England Governor Mark Carney called today (7 April) for Britain and the EU to reach a sweeping deal to recognise each other’s bank rules after Brexit or risk a potentially damaging hit to financial services across Europe.
Brexit 28-11-2016

Lord Mayor: London will survive Brexit

The Brexit vote has shaken the City of London but will not destroy it despite creating uncertainty, the newly-installed Lord Mayor of the financial hub told AFP.
Brexit 09-08-2016

UK consumers carry on spending despite Brexit fears

British retail spending bounced back in July as sales promotions and good weather outweighed any immediate concern about the consequences of Britain's decision to leave the European Union, a survey showed on Tuesday (8 August).
Euro & Finance 04-08-2016

Bank of England cuts rates to record low after Brexit vote

The Bank of England on Thursday slashed interest rates to a record low 0.25 percent and announced a vast stimulus package to combat economic fallout from Britain's looming EU exit.
Euro & Finance 03-08-2016

UK recession more likely as services sector shrinks

Activity in Britain's crucial services sector sank in July following the vote to leave the EU, a survey by the research Markit group showed today (3 August), making a recession more likely.
Euro & Finance 28-06-2016

UK political confusion puts world markets on edge

Britain's vote to leave the European Union continued to reverberate through financial markets, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the confusion about the political and economic outlook.
Trade & Society 08-02-2016

Sterling subdued by Brexit uncertainty and UK rate outlook

Sterling traded below a recent one-month high against the dollar on Monday (8 February), as uncertainty about Britain's place in the European Union and diminishing rate hike prospects kept investors cautious.
Global Europe 22-10-2015

Mandelson: Brexit renegotations would take ‘up to 10 years’

Former EU Trade Commissioner Peter Mandelson has warned eurosceptics that a British renegotiation of its relationship with Europe after a ‘Brexit’ would take up to a decade.
Brexit 10-03-2015

UK watchdog: EU capital markets plan falls short on investor protection

The European Union's plans to boost market-based financing for its flagging economy risks harming consumers unless there is more emphasis on investor protection, Britain's top markets regulator said on Monday.
Mark Carney at the Financial Stability Report Press Conference - December 2014. [Copyright: Chris Ratcliffe, Bloomberg]
Euro & Finance 30-01-2015

Bank of England Governor : More fiscal union, less austerity

Mark Carney, the Governor the Bank of England, has urged the eurozone to move towards fiscal union and end its hardline austerity policies in a bid to promote growth.