Category: England
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Businesses backed by private equity face heightened default risks, warns Bank of England
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The Bank of England has warned that companies owned or backed by private equity firms are at greater risk of default than other large companies. According to new research, these companies are more vulnerable to financial instability, especially when compared to companies that rely primarily on traditional lenders such as…
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Pound reaches two-year high as Bank of England holds interest rates steady
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The pound rose to its highest level since March 2022, breaking through the $1.33 level, after the Bank of England decided to keep interest rates steady at 5 percent and indicated a gradual approach to easing monetary policy. Sterling rose about 0.7 percent against the dollar, to $1.331, after the…
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Pound reaches two-year high as Bank of England holds interest rates steady
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The pound rose to its highest level since March 2022, breaking through the $1.33 level, after the Bank of England decided to keep interest rates steady at 5 percent and indicated a gradual approach to easing monetary policy. Sterling rose about 0.7 percent against the dollar, to $1.331, after the…
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Bank of England faces pressure to cut rates as job vacancies and factory output decline
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The Bank of England is facing increasing pressure to cut interest rates this week as signs of a slowing economy emerge in job vacancies and industrial production. According to the Recruitment and Employment Confederation, job vacancies fell by 3.2% in August, with nearly 720,000 new advertisements, reflecting a slowing labour…
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Goldman Sachs see a Bank of England rate cut in November, with a cascade of cuts to follow
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Bank of England cuts interest rates to 5% in first reduction since 2020
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The Bank of England has cut interest rates for the first time in more than four years, providing much-needed relief to millions of homeowners and families still struggling with the high cost of living. In a controversial decision announced at midday, the nine-member Monetary Policy Committee voted 5-4 to cut…
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Is the gilt market sniffing out a Bank of England rate cut this week?
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2 year uk bond yields What does this chart say? UK two-year gilt yields fell 3.3 basis points today, the sixth straight day of declines. The move comes ahead of the Bank of England’s interest rate decision on Thursday, with interest rate markets pricing in a 60% chance of a…
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Is the gilt market sniffing out a Bank of England rate cut this week?
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2 year uk bond yields What does this chart say? UK two-year gilt yields fell 3.3 basis points today, the sixth straight day of declines. The move comes ahead of the Bank of England’s interest rate decision on Thursday, with interest rate markets pricing in a 60% chance of a…
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UK pay growth slows but remains high for Bank of England By Reuters
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LONDON (Reuters) – British workers’ wage growth slowed in the three months to the end of May but remained at levels typically too high for the Bank of England to keep inflation at its 2 percent target. Average weekly earnings excluding bonuses – a key gauge of inflationary pressures for…
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Rapper Nicki Minaj cancels show in England after being held at Amsterdam airport By Reuters
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AMSTERDAM (Reuters) – American rapper Nicki Minaj on Saturday canceled a concert in Manchester, England, after she said police detained her at Amsterdam Schiphol Airport over allegations of possession of soft drugs. “Despite Nicki’s best efforts to explore every possible avenue to make tonight’s show happen, today’s events have made…
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Bank of England expects inflation to fall faster than previously predicted
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The Bank of England now expects inflation to fall more quickly than previously expected, falling below the central bank’s 2 per cent target for an extended period. This forecast indicates the need for interest rates to fall faster than what financial markets are currently pricing in. According to the bank’s…
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Bank of England Expected to Maintain Interest Rates Amid Economic Uncertainty
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The Bank of England is expected to keep interest rates steady at 5.25%, the sixth consecutive fix on Thursday. This decision comes against the backdrop of continued high inflation, which currently stands at 3.2%, which exceeds the bank’s target of 2%. In addition to the interest rate announcement, the bank…
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Bank of England Financial Policy Committee member Hall speaks on Tuesday
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…