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Bank of England Hikes Rates Again, Adopts Dovish Tone as Ukraine War Adds to Inflation Concerns
The Bank of England on Thursday raised interest rates for the third consecutive meeting as the Russia-Ukraine conflict is expected to keep inflation higher for longer.
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The Russia-Ukraine War Has Hit Many Currencies Hard. Here's What Analysts Are Expecting Now
Currency markets have not escaped the steep losses and wild swings seen across asset classes in recent weeks.
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UK Investigation Into Downing Street Covid Lockdown Parties Finds ‘Failures of Leadership'
U.K. Prime Minister Boris Johnson has so far resisted calls to resign despite public anger over a long and growing list of alleged lockdown breaches.
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London Police to Investigate Alleged Downing Street Lockdown Parties
It comes shortly the latest disclosure that an event was held during lockdown to celebrate Johnson’s birthday on June 19, 2020.
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UK's Boris Johnson in Leadership Crisis, Accused of Lying About ‘Industrial Scale Partying' During Covid Lockdowns
U.K. Prime Minister Boris Johnson’s position is looking increasingly vulnerable as a furor over lockdown ‘parties’ continues.
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Boris Johnson's Leadership on a Knife-Edge Amid Calls for Him to Resign Over Lockdown ‘Parties'
A scandal over “parties” held at Downing Street, an allegedly in other government departments during Covid lockdowns, could bring down Johnson’s leadership.
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Bank of England Announces Rate Hike From Pandemic-Era Lows
U.K. inflation hit a 10-year high in November as the Consumer Price Index rose by an annual 5.1%.
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JPMorgan Turns Bullish on UK Stocks for the First Time Since the Brexit Vote
JPMorgan on Monday upgraded U.K. stocks to “overweight,” ending years of caution on British equity markets.
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Watch Governor Andrew Bailey Speak After the Bank of England Holds Rates
Bank of England Governor Andrew Bailey is giving a press conference after the bank’s latest monetary policy decision.
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Bank of England Surprises Markets by Holding Rates at Record Lows
Markets had been uncertain as to whether the Bank would set off on the path toward monetary policy normalization on Thursday or at its next meeting in mid-December.
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European Markets Close Higher as Investors Digest Fed, Bank of England Decisions
European stocks closed higher on Thursday as markets reacted to the U.S. Federal Reserve’s announcement.
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European Stocks Close Mixed as Investors Digest German Election Results; Rolls-Royce Up 11%
European stocks closed mixed on Monday, with German election results seen eliminating a key market risk for investors in the region.
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European Stocks Close Lower Ahead of German Election; Evergrande, Central Banks in Focus
European stocks closed lower on Friday as investors reacted to central bank policy decisions and monitored developments surrounding China Evergrande Group.
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Bank of England Downgrades Growth Projections, Warns Inflation Will Climb Above 4% by Year-End
It comes after U.K. economic growth slowed in July and consumer price inflation saw its largest month-on-month increase since records began in January 1997.
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European Stocks Post Biggest Weekly Decline Since February
European stocks closed higher Friday as traders monitored issues such as global monetary policy, the delta Covid variant and China’s tech crackdown.
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Bank of England Keeps Policy Unchanged, Warns of ‘More Pronounced' Period of Inflation
Bank of England policymakers voted unanimously to keep the main lending rate at a historic low of 0.1%, where it has been since March 2020.
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Sterling Slides After Bank of England Holds Policy Steady, Hints at Inflation Concerns
The Bank of England on Thursday kept its monetary policy unchanged, but vowed to monitor rising inflation as the U.K. economy emerges from its Covid-induced slump.
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European Stocks Close Lower as Commodities Tumble; Aegon Shares Down 5.5%
European stocks retreated on Friday, as global markets monitor falling commodity prices while continuing to digest a hawkish pivot from the Federal Reserve.
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UK Votes in Elections That Could Expose Divides and Strengthen a Push for Scottish Independence
Tensions and old enmities between the four nations of the U.K. could be exposed in several key votes Thursday.
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Exporters Face ‘Real Test' Now as Post-Brexit Arrangements Kick in
U.K.-based exporters are facing extra bureaucracy and costs in 2021 as they experience the new post-Brexit trading arrangements.