LONDON - Bank of England policymakers have broken ranks over interest rates for the first time in three years, with two of them unexpectedly voting to tighten policy, in a move that revives speculation about a 2014 rate hike.
LONDON - British factory orders grew faster than expected this month as overseas demand picked up, the CBI's industrial trends survey showed on Wednesday.
- British inflation eased more than expected in July after hitting a five-month high in June, official data showed on Tuesday.
LONDON - Asking prices for houses in Britain have fallen at the sharpest pace on record for the month of August, led by a drop in London, as the market gets ready for higher interest rates, a survey showed on Monday.
LONDON - The Bank of England is hoping it can gently wean Britain's economy off record-low borrowing costs, but its plan for "gradual and limited" rises in interest rates might prove harder to pull off than investors expect.
LONDON - Britain’s economy kept up its strong growth in the second quarter of 2014 and its yearly pace of expansion was revised up to 3.2 percent, its best performance in more than six years, official data showed on Friday.
LONDON - A measure of British inflation launched last year to better reflect housing costs will no longer be treated as an official national statistic while it is being improved, the statistics authority said on Thursday.
LONDON - Bank of England Governor Mark Carney is gaining a reputation for upsetting the financial markets.
LONDON - The Bank of England will not be pushed into raising interest rates sharply because the outlook for inflation is subdued, a policymaker on the Bank's rate setting commmittee said on Thursday.
LONDON - The Bank of England dented expectations of a first interest rate hike this year, slashing its forecast for wage growth and saying higher borrowing costs hinged largely on an improved outlook for pay.