UK inflation jumps to higher-than-expected 3.5% in April, ONS saysBritish inflation saw an unexpected surge to 3.5% in April. This is up from 2.6% in March. Gas, electricity, and water prices increased. Em...
FTSE 100 eases from record high on tariff uncertainty, weak US jobs dataUK stocks dipped on Friday as tariff uncertainties and weaker-than-expected US jobs growth impacted investor sentiment. The FTSE 100 fell b...
UK pay growth weakest since February 2021, REC survey showBritain's job market cooled in September with pay growth at its slowest in nearly four years. Permanent job placements continued to decline...
Dollar on a roll after US jobs data and Middle East flare-upJapan's yen drops to its lowest level in nearly two months, influenced by robust U.S. jobs data and mounting Middle East tensions. The doll...
Bank of England close to cutting rates from 16-year highThe Bank of England considered cutting interest rates after maintaining them at a 16-year high of 5.25%. A close vote among policymakers wa...
UK inflation holds at 2% but underlying price pressures stay strongBritish inflation remained steady at 2.0% in June, defying expectations of a slight decrease. Strong services inflation was at 5.7%, sparki...
Bank of England to hold its line against rate cut talkThe Bank of England looks set to stick to its tough line against talk of interest rate cuts in Britain, even as other leading central banks...
Soaring UK wages spur inflation risks, says BoE chief economistGovernor Andrew Bailey said it's too early to talk about the possibility of reducing interest rates, Pill said “more persistence in wage an...
Dollar set for weekly loss as crucial US jobs data loomsThe U.S. currency dipped to a one-week low against the yen, weighed down by slumping Treasury yields, after a volatile week when overall so...
Bank of England still needs to 'see the job through' on inflation: Pill"On balance the onus remains on ensuring enough monetary tightening is delivered to 'see the job through' and sustainably return inflation ...
Sterling breaks above $1.25 for first time since JuneSterling gained strength, breaching $1.25 for the first time since June, despite a warning of an upcoming interest rate cut from Bank of En...
Banks oppose cut in interest on cash at bank of EnglandTwo former BOE officials in recent weeks have said the UK government should consider reducing the interest paid on some deposits held by co...
IMF and Moody's censure UK policy, Bank of England says will act bigThe rare intervention from the global lender of last resort piled more pressure on new finance minister Kwasi Kwarteng to reassess a policy...
Sterling swallows bitter pill, dollar advances on hawkish Fed speakIn the latest flare-up in the euro zone's gas crisis and an escalation of geopolitical tension, Europe was on Tuesday investigating what Ge...
Plunging pound pauses as investors await policy responseWe should expect the pound to remain volatile in the week ahead as market participants await to see how policymakers in the UK respond to t...
Dollar soft, Aussie firm as sentiment recovers before US jobs dataThe safe-haven dollar hovered below a one-year high to major peers on Friday amid improved risk sentiment, while traders awaited clues on t...
Greece will make market suffer, but it's not as bad as 2011 crisis: GSGreece is on the brink of default. The country is a day away from a major debt payment that it cannot pay.