The Latest Breaking News from Bank of England

Brent crude hits $80 as tensions betwen Israel and Iran rise, while rouble slides after Ukraine’s incursion into Russia

Both bank and landlord cases rise but remain below pre-Covid levels, despite tough cycle of interest rate rises

Mortgage payers and business owners vainly hope cut to 5% signals return to pre-pandemic era of cheap borrowing

The dollar index (DXY00 ) Thursday rose by +0.29%. The dollar on Thursday recovered from a 3-week low and posted moderate gains on weakness in the euro and British pound. The euro fell to a 4-week low on dovish ECB comments, and the British pound fell to a 3-1/2 week...

Editorial: Even after the base rate reduction, businesses and households will still be paying record sums to borrow

The dollar index (DXY00 ) today is up by +0.13%. The dollar today recovered from a 3-week low and is moderately higher on weakness in the euro and British pound. The euro fell to a 4-week low on dovish ECB comments, and the British pound fell to a 3-1/2 week...

Savers are told to look beyond the more familiar big banks

The inflation spike caused by external factors including the Ukraine war might be over, but the importance of interest rates to the UK economy isn’t going away. Continuing global instability and the newly elected Labour government’s commitment to growing the economy mean the Bank of England will have to stay…

Some experts said the Bank of England base rate cut from 5.25% to 5% will help to give confidence to home buyers and sellers.