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Fintech Focus For June 14, 2021
Sunday, June 13, 2021 - 10:13pm | 1829Read More...Quote To Start The Day: "[C]ost-push inflation will be the primary driver of inflation through the remainder of this year and into next. The Fed is betting on this, but if it is wrong, it will be because a wage-price spiral developed, although that is unlikely to occur until the economy has...
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Be Prepared To Lose Crypto Investments: Bank Of England Governor
Thursday, May 6, 2021 - 2:54pm | 228Read More...Bank of England Governor Andrew Bailey is advising investors to only buy Bitcoin (CRYPTO: BTC) and other crypto assets if they are ready to lose everything. What Happened: According a Thursday Bloomberg report, Bailey warned investors about crypto assets and said to "buy them...
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Britcoin? British Government Considers Its Own Digital Currency
Monday, April 19, 2021 - 4:47pm | 315Read More...The Bank of England and Her Majesty's Treasury are seeking to plant the Union Jack in the midst of the digital currency realm with Britcoin. According to an Associated Press report, the proposed new digital currency is being evaluated by a task force to complement the existing British...
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New English £50 Note Celebrates LGBTQ Computer Scientist Alan Turing
Friday, March 26, 2021 - 11:02am | 429Read More...The Bank of England has unveiled the design for its new £50 note featuring mathematician Alan Turing, who broke Nazi Germany’s military codes in World War II and was an early pioneer in computer science. Despite these accomplishments, he became a pariah in his own country after...
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This Day In Market History: Bank Of England Founded
Monday, July 27, 2020 - 12:11pm | 259Read More...Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1694, the U.K. central bank, the Bank of England, was founded. What Else Was Going On In The World? In 1694, the French Navy defeated Spain in the Battle of...
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Bank Of England Boosts Bond Buying By $124B, Maintains Bank Rate
Thursday, June 18, 2020 - 9:29am | 492Read More...The Bank of England announced on Thursday plans to expand its bond buying program by a further 100 billion pounds ($124.4 billion) to assist the U.K. economy through the economic downturn triggered by the coronavirus pandemic. The program now totals 745 billion pounds and the bank rate was...
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BoE Leaves Interest Rates On Hold At 0.75% As Brexit Uncertainty Continues
Thursday, September 19, 2019 - 7:35am | 151Read More...The Bank of England policymakers have voted 9-0 to hold bank rate at 0.75% as Brexit uncertainty continues. “Absent currency or balance of payments crisis, we just don’t see the Bank of England even considering raising rates anytime soon,”said Artur Baluszynski, head of research...
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GBP/USD: Pound Ready For A Blow From The BOE
Thursday, August 1, 2019 - 10:15am | 743Read More...GBP/USD has hit a fresh two-year low after the Fed's hawkish decision. The Bank of England's rate decision and preparations for a hard Brexit are set to dominate trading today. Thursday's four-hour chart suggests mild oversold conditions. A dead-cat bounce tends to be followed by a...
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GBP/USD: Bears Are Still In Control
Monday, April 29, 2019 - 10:33am | 503Read More...GBP/USD continues recovering, mainly on USD weakness. US data and Brexit-related news are set to dominate. The technical picture remains bearish for the pair. GBP/USD is trading in the mid-1.2900s, extending its gains from the two-month lows of 1.2868 seen last week. The central driver is the...
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Brexit Gloom And Dollar Domination Pound The Pound
Wednesday, March 6, 2019 - 11:56am | 612Read More...GBP/USD is pressured as Brexit talks remain stuck. Carney's comments and upbeat data fail to help as the focus shifts to the US. The technical picture is bearish for cable. GBP/USD is trading in the lower part of the 1.3100 handle. The primary driver of the most recent slide stems from talks...
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Buy The Rumor, Sell The Fact Sets Sterling For Correction Off 5-Month High
Wednesday, February 27, 2019 - 11:14am | 589Read More...If a “meaningful vote” does occur on March 12 and Theresa May’s plan is successful, there are 17 days left to extend the Article 50 end-date to allow for legislation around the Withdrawal Agreement to be passed. If the “meaningful vote” means defeat for May’s...
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Bank of England Lowers The Growth Forecast As Brexit Uncertainty Makes More Damage
Thursday, February 7, 2019 - 12:10pm | 476Read More...The MPC voted unanimously to maintain Bank rate at 0.75%. The Committee also voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion. UK economic growth slowed in late 2018 and appears to have weakened...
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The Bank of England Preview: Three Things To Watch In BoE Statement
Wednesday, September 12, 2018 - 9:23am | 615Read More...After raising the Bank rate to 0.75 percent in August, the Bank of England is set to remain in a wait-and-see mode waiting for further Brexit deal development with no deal scenario possibly triggering inflationary scenario. Stronger than expected UK wage growth is unlikely to alter the outlook for...
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Keep An Eye On Pound/USD This Week
Monday, July 10, 2017 - 3:56pm | 508Read More...A continuous string of bad economic data from the UK has impeded the Bank of England’s shift towards a more hawkish monetary policy path, which has weighed down the Pound recently. Following May’s ambiguous election results, business and consumer confidence has sagged, as it has become...
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Bank Of England Maintains Interest Rates At 0.25% In The Most Split Vote In 6 Years
Thursday, June 15, 2017 - 9:43am | 309Read More...The British pound spiked higher early Thursday morning after the central bank members were split on how to proceed with its key interest rates. The British pound was trading just below the $1.2700 level but the interest rate decision sent the currency to the $1.2788 level but has since declined...
