bank of england

The Bank of England has paused its aggressive interest-rate hike cycle, due to growing concerns about an impending recession outweighing worry about inflation. After 14 consecutive rate hikes since December 2021 when rates were at 0.1%, the central bank decided to maintain the key rate at 5.25%...

The British pound has regained bullish momentum after the release of UK inflation data. The CPI data showed the UK inflation rate dropped to the lowest level the country has seen since February 2022, driven by a significant decrease in food and energy prices. The Office for National Statistics...

The British Pound and UK shares traded lower Thursday Morning ahead of the Bank of England meeting outcome. The BOE Monetary Policy Statement is set to be released at 11:00 GMT. Along with this release will see Governor Bailey's press conference 30 minutes after at 11:30. The central bank...