Economy

 

Sterling strength gives Bank of England rate-setters a headache

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LONDON - As the Bank of England moves closer to raising interest rates for the first time since 2007, the strength of sterling is causing disagreement among its policymakers over when to pull the trigger.

Five things to watch on Bank of England's "Super Thursday" 6:47am BST

LONDON - The Bank of England will for the first time release a slew of key reports alongside its monthly monetary policy decision on Thursday, meaning investors and the public will have to contend with a flood of information usually released separately.

New Bank of England policymaker says to cut all hedge fund ties 6:46am BST

LONDON - New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all links with his previous employer, one of the world's biggest hedge funds, to avoid "any mistaken impression" of a conflict of interest.

Global economic woes dent strong UK consumer sentiment 31 Jul 2015

LONDON - British consumer morale eased in July as concerns about Greece and the global economy weighed on Britons' outlook for the economic situation over the next year, a survey showed on Friday.

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Edging towards rate hike, BoE sets out money market reform plan 30 Jul 2015

LONDON - The Bank of England set out plans on Thursday to reform a key benchmark for interbank borrowing costs, a measure of financial conditions that will come into sharper focus as the central bank comes closer to its first interest rate increase in nearly a decade.

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UK mortgage lending jumps in June, business lending plunges 29 Jul 2015

LONDON - British mortgage lending picked up strongly in June, adding to signs that the housing market is regaining momentum, but a sharp drop in lending to businesses was a reminder that the economic recovery has yet to find a sounder footing.

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UK July retail sales growth slows, outlook weakens - CBI 29 Jul 2015

LONDON - British annual retail sales growth slowed in July, despite a big rise in clothing purchases, and is expected to weaken further next month, a survey by the Confederation of British Industry showed on Wednesday.

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Taylor Wimpey, Foxtons say buyer interest heats up post-election 29 Jul 2015

LONDON - Housebuilder Taylor Wimpey and London estate agent Foxtons said activity in the property market had stepped up since May's general election, with buyers' confidence boosted by sustainable levels of price inflation and low mortgage rates.

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Irish central bank planning for possible 'Brexit' 29 Jul 2015

DUBLIN - Ireland's central bank is making plans in case Britain leaves the European Union and its chief economist said on Wednesday that uncertainly over possible "Brexit" was enough to depress economic growth.

Bank of England ends "drip-feed" news, but will clarity result? 29 Jul 2015

LONDON - The Bank of England runs the risk of sending mixed messages next week when it changes the way it announces its monetary policy decisions, designed as part of the Bank's push for greater clarity.

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