Search Results for: Bank of England
European Commission urges UK to tax expensive homes more
June 4th, 2014
The European Commission has called on the UK to raise taxes on higher value properties, build more houses and adjust the Help to Buy scheme. In a review of UK economic policies, it said council tax bands should be ...
ECB to lead revamp of global FX codes of conduct
June 3rd, 2014
The European Central Bank has been given the lead role in work to strengthen codes of conduct for currency markets, expected to be one of the main areas highlighted in a report from global regulators due within weeks. Banking ...
UK interest rate could settle at 3%
May 26th, 2014
The official UK interest rate could settle at an average of 3% in a few years, the outgoing deputy governor of the Bank of England has predicted. Charlie Bean suggested it was likely to reach that level between 2017 ...
UK inflation rate rises to 1.8%
May 20th, 2014
Higher fares for flights and ferries helped to push the rate of inflation up in April, the first increase in the rate for 10 months. The Consumer Prices Index, rose to 1.8% in April from 1.6% in March, according ...
UK economy is fast growing
April 30th, 2014
The U.K. now has one of the fastest-growing economies in the developed world. With growth expanding at a 3 percent annual rate as a strong housing market and manufacturing lead the way, the country’s economy is the envy of ...
GBP/USD – Settles Around Key Level of 1.68
April 22nd, 2014
The last few days has seen the GBP/USD slowly edge back towards the key 1.68 level after moving to a multi-year high near 1.6850 within the last week. The last month has seen a steady climb higher from a ...
U.K. Industrial Output Surges More Than Forecast
April 8th, 2014
U.K. industrial production rose more than economists forecast in February bolstered by a surge in factory output that points to a continuing economic recovery. Production increased 0.9 percent from January, when it was unchanged, the Office for National Statistics ...
FCA bans and fines trader for manipulating gilt price during QE
March 20th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority has announced that Mark Stevenson, a bond trader with nearly 30 years’ experience, has been banned from the industry and fined £662,700 for deliberately manipulating a UK government bond (gilt) ...
Dollar Strengthens as Gold Declines Before Fed Decision
March 19th, 2014
The dollar gained against most major currencies and gold fell for a third day before the Federal Reserve decides monetary policy. The ruble strengthened for a fourth day and Russian stocks fell as the nation pushed on with the ...
Carney Faces Leadership Test as Currency Scandal Snares BOE
March 10th, 2014
Bank of England Governor Mark Carney will face his toughest public testimony to date as he seeks to defend the integrity of an institution that’s become embroiled in the currency-manipulation scandal. Lawmakers will grill Carney tomorrow after the BOE ...
