United Kingdom

Central Banks

World stocks poised for worst month since January


LONDON European stocks and the pound held on to a third day of gains as the immediate market flurry over Britain’s vote to pull out of the European Union settled.


Exclusive - China to tolerate weaker yuan, wary of trade partners' reaction: sources 12:16pm BST

BEIJING/SHANGHAI China's central bank is willing to let the yuan fall to 6.8 per dollar in 2016 to support the economy, which would mean the currency matching last year's record decline of 4.5 percent, policy sources said.


Euro zone escapes deflation in June, as prices rise more than expected 11:47am BST

BRUSSELS Consumer prices rose in the euro zone during June for the first time in five months, suggesting the European Central Bank's efforts to fight deflation were beginning to have some effect.


JP Morgan sees new Scottish currency initially backed by BoE, ECB 10:46am BST

LONDON JP Morgan said on Thursday a Scottish currency in a newly independent Scotland could initially be stabilised near parity with sterling by the Bank of England and European Central Bank, given their strong mutual interest in ensuring stability there.


BOJ sceptics calling time on Kuroda's two-year target 12:20am BST

TOKYO Dissenters to the Bank of Japan's stimulus measures remain a minority on its board, but their call to scrap the time frame for its inflation target is gaining converts and casting doubt on the credibility of bank governor Haruhiko Kuroda and his broader program.


ECB to hold fire after Brexit vote as markets regain poise - officials 29 Jun 2016

SINTRA, Portugal The European Central Bank is in no rush to ease monetary policy in response to Britain's vote to leave the European Union, taking comfort in a calmer-than-feared market reaction, bank officials said on Wednesday.

Irish c.bank governor says Brexit uncertainty to persist for some time 29 Jun 2016

DUBLIN The uncertainty created by Britain's vote to leave the European Union will persist for some time and resulting delays in consumer spending and investment are of immediate concern, Ireland's Central Bank governor said on Wednesday.


Global stock, oil prices gain as Brexit jitters abate 29 Jun 2016

NEW YORK Stock markets around the world rebounded for the second straight day on Wednesday as fears about last week's Brexit vote eased and investors wagered central banks would ultimately ride to the rescue with more stimulus. | Video


Deutsche, Santander fail U.S. stress test; Morgan Stanley gets second chance 29 Jun 2016

NEW YORK/WASHINGTON U.S. bank subsidiaries of Deutsche Bank AG and Banco Santander SA yet again failed the Federal Reserve's stress test on Wednesday due to "broad and substantial weaknesses" in their capital planning processes.


BoE's Carney to speak on Thursday as UK reels from Brexit vote 29 Jun 2016

LONDON Bank of England Governor Mark Carney is set to outline his thinking on how Britain's economy is coping with last week's vote to leave the European Union in a speech on Thursday, his second intervention since the shock referendum result.