Bank Of England Archive
The British currency continued to suffer from its central bank monetary policies as interest rates remained unchanged in the country, suggesting that the recession will remain a reality in England for an extended period.A concerning budget deficit comb...
The pound edged higher, achieving its biggest weekly advance against the euro since January, as signs pointed to the UK economic recovery talking hold. - The pound/euro pairing was little changed at the end of last week, though sterling did …
The pound continued to rally yesterday and is now poised to snap a three-month decline versus the euro, as the UK showed positive economic signals. - Data from the Bank of England revealed that UK net consumer lending rose less …
Today, one of six bank Moors BNP Paribas said that in 2009 the pound sterling could fall to parity with the euro. Today, steam EUR / GBP is trading at around 0.9070, up from 0.84 in mid-June. The jump came …
Recently, analysts Bank of New York Mellon quite confidently declared that the bearish mood of the British pound. But now the bank waiting for stabilization of the currency of Great Britain near current levels. According to the Bank's strategy to …
The pound was broadly sold on Friday following a weak GDP figure, losing three cents to the kiwi dollar, to close back down at 2.1607. - Data revealed that Britain's economy has now shrunk for six quarters after it contracted …
Sterling lost three cents (1.9%) to the dollar, as a weak UK quarterly GDP figure abruptly halted the pound's recent rally. - The greenback gained the most daily value against the pound in a month as the UK's economy unexpectedly …
In an uncertain day for the UK economy, the pound lost as much as 2.0% to the euro on Friday, sharply reversing its recent rally to close down at 1.0862. - Data revealed that the UK economy unexpectedly contracted by …
Data this morning has run significantly against market expectations, confirming that Britain is still in a recession. The UK’s third quarter GDP figure was revealed to be a 0.4% contraction, which now means that the UK has suffered 6 consecutive …
A broadly stronger pound hit a two-week high against the aussie, briefly rising over 1.8000, as confidence in the UK economy gained momentum.- Sterling jumped following the minutes from the Bank of England’s latest policy meeting, which dampened expectations of …
Dollar selling in the market was stepped up with investors moving into the pound as the MPC minutes proved more positive than expected. - The pound climbed over 1.66, posting a two and half cent gain against the dollar as …
Wednesday, 21 October, the Bank of England published the minutes of the meeting held on October 7-8, at which the Committee on monetary policy has kept the rate of compulsory reserves of commercial banks at 0.50%. The decision was taken …
Although published in the previous session, quarterly reports were once again better than forecasts, the markets have decided instead to beat the American statistics, which do not meet the expectations that led to a strengthening dollar and a slight co...
Sterling dipped slightly against the single currency, relinquishing gains in the afternoon as US equities slipped back, closing the day down just 0.1% at 1.0958. - In early trading, investors picked up on comments from the ECB President who added …
The British pound traded with a positive attitude and has already reached sessional maximum near $ 1.6430 - support the currency has a general weakening of the U.S. dollar, as well as the comments of the Bank of England Governor …