GBP/USD shuddered on Thursday, punching in a technical rejection from key averages and testing below the 1.2400 handle. The ...

The Bank of England has cut its main interest rats for the third time in six months as the British economy is struggling to ...

The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.

Asset managers and markets were not surprised by the Bank of England reducing interest rates to 4.5% from 4.75%, putting rates at their lowest point since June 2023.

The base rate fell to 4.5 on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

Greater challenges await in future meetings when the BoE will be balancing the need to support an ailing economy without ...

The Monetary Policy Committee (MPC) of the Bank of England holds a similar target as the US of achieving a 2% inflation rate. In Q4 2024, the CPI inflation was measured at 2.5% in the UK.

The Bank of England cut interest rates by a quarter-point, sparking surprise and disagreement among policymakers. While ...

The Bank of England has reduced its base interest rate from 4.75% to 4.5%, aiming to boost economic growth. This decision ...

The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, ...

The Bank of England has cut its main interest rate for the third time in six months due to stagnant economic growth. The rate ...