United Kingdom

Saving And Loans News Headlines

Sterling slips on lack of hawkish turn by BoE

Sterling slipped against the dollar on Thursday, with some traders disappointed the Bank of England stuck to its view that interest rates were likely to rise only gradually despite above-target inflation and progress in Brexit talks.

Provident hit again as UK regulator opens new probe

Britain's financial watchdog has launched a second probe into Provident Financial's lending practices, dealing a fresh blow to a company struggling to revive its door-to-door operations and sending its shares down as much as 16 percent.

Rapid UK consumer borrowing growth cools again

Britons took on credit at the slowest rate in 18 months in October, easing some of the Bank of England's concerns about a rapid build-up of household debt, but other figures on Wednesday pointed to a murky outlook for the economy ahead of Brexit.

UK mortgage approvals hit 13-month low, consumer morale ebbs

British banks approved the fewest mortgages in 13 months and consumer confidence is lower than at any time since last year's Brexit vote because of a weaker housing market, according to surveys that add to a downbeat outlook for the economy.