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United Kingdom

David Milliken

No-deal Brexit unlikely to go into Bank of England forecasts: Carney

1:11pm BST

LONDON Bank of England Governor Mark Carney said the BoE would only cut its economic forecasts to reflect the risk of a no-deal Brexit if Britain's next prime minister makes leaving the European Union without a transition agreement his preferred policy.

Woodford fund managers exploited flawed EU rules - FCA head

8:23am BST

LONDON Neil Woodford's flagship fund took full advantage of flawed European Union rules before withdrawals had to be halted, Financial Conduct Authority Chief Executive Andrew Bailey said on Tuesday as he faced questions over the British regulator's role.

European watchdogs demand detail on Facebook's cryptocurrency

25 Jun 2019

LONDON/ZUG, Switzerland Facebook's fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant's Libra project. | Video

WRAPUP 1-European watchdogs demand detail on Facebook's cryptocurrency

25 Jun 2019

* Facebook seeks to launch Libra coin by end-June 2020 (Recasts, adds context, Britain's FCA and French central bank governor)

Unruly social media no model for Facebook's Libra currency - Carney

21 Jun 2019

LONDON Facebook cannot expect its new Libra currency to benefit from the same unregulated free-for-all that helped the company achieve a dominant position in social media, Bank of England Governor Mark Carney said on Thursday.

UK inflation falls to Bank of England target, underlying pressure weak

19 Jun 2019

LONDON Britain's inflation rate cooled in May and cost pressures in factories fell to a three-year low, according to data that might reassure the Bank of England there is no urgency to pursue its stated policy of gradually raising interest rates. | Video

UK factory orders slide in June as Brexit uncertainty weighs - CBI

19 Jun 2019

LONDON British factory orders slid in June against a backdrop of Brexit uncertainty, and manufacturing output in the second quarter looks on course for its weakest performance in three years, the Confederation of British Industry said on Wednesday.

State cyber-attack poses big danger for UK banks: Bank of England

18 Jun 2019

LONDON A state-backed cyber-attack could secretly corrupt the records of British financial institutions over a period of months, posing a risk that banks would probably struggle to guard against on their own, a senior Bank of England policymaker said.

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