Bank Of England

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...

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...

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...

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...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 324 years ago, the U.K. central bank, the Bank of England, was founded. Where The Market Was The Bank of England predates the Dow Jones Industrial Average and the S&P...

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...

Remember the time-tested saying "prepare for the worst but plan for the best?" This is the exact message Bank of England's Gov. Mark Carney is telling British banks. According to a Bloomberg report, Carney is urging banks to implement worst-case scenario plans in the event that Brexit negotiations...

The U.S. Federal Reserve raised its interest rates by 25 basis points on Wednesday — a move that was widely expected. Across the pond, the Bank of England held its key bank rate unchanged at 0.25 percent. The Bank of England also voted to maintain its two asset-purchase programs. The Bank of...

The people of Britain were told if they voted to leave the European Union, doom and gloom would be brought to their economy. Now 100 days have passed since the infamous vote dubbed "Brexit" took place, and many are wondering where the economic collapse is. As noted by CNN Money, government...

The Bank of England on Thursday voted to maintain its 0.25 percent interest rate but hinted a further cut could occur before the end of the year. The Bank of England lowered its key interest rate on August 4 to 0.25 percent from 0.50 percent. The central bank noted at that time that economic...

Wednesday is August's final trading day, and the markets will be closed the following Monday in observation of Labor Day. When trading activity resumes on Tuesday, it will mark the start of a very busy month ahead. September's key events include the first U.S. presidential debate, a Federal Reserve...