The Bank of England, along with the United Kingdom’s Treasury, is exploring the possibility of a digital currency that would purportedly maintain monetary stability in the UK’s economy. In a joi...
Tag: Bank of England
FTSE 100 Stock Persimmon Slumps 7% As Update Reveals Sinking Housing Market
Photo by David Potter/Construction Photography/Avalon/Getty Images Getty Images Housebuilder Persimmon slumped in Tuesday trading as it announced falling demand for its homes and rising cancellations....
Why A Strong Dollar Is Not As Good As You Think
A strong dollar sounds great. Here is where it is not so great for U.S. companies and investors. getty To most people, a strong currency means a strong country. Weak countries have weak currencies. St...
Bank of England policy committee member says DeFi isn’t decentralized
A senior advisor to the Bank of England suggested that decentralized finance is not as decentralized as it claims to be in a speech to the University College London’s Blockchain Research Center on Wed...
Bank Of England ‘Unnecessarily’ Spooks Markets. Dollar To Get Even Stronger.
The dollar is up over 20% against the pound. Meanwhile, in Brazil, an emerging market, the dollar is … [+] down 4% so far this year. (Photo Illustration by Matt Cardy/Getty Images) Getty Images ...
The British Pound Has Fallen To Its Lowest Level Against The U.S. Dollar Since 1985
| Getty Images Key Takeaways Excessive government spending is hurting the pound against the dollar. Price caps and record high inflation is also a factor for a weak pound. The U.S. dollar is rallying ...
Regulators must extend existing processes to crypto, BoE’s Jon Cunliffe says
Regulators must address cryptocurrency before it is of systemic importance, Jon Cunliffe, the Bank of England’s (BoE) deputy governor for financial stability has said. If done properly regulator...
Bank Of England Emergency Action, What It Means
Governor of the Bank of England, Andrew Bailey. (Photo by Yui Mok-WPA Pool/Getty Images) Getty Images Central Banks are intervening more in markets. I don’t want to repeat what market participants are...
U.K. Central Bank Forecasts Recession This Year—Joining U.S. And Eurozone With Historic Rate Hike
Topline The Bank of England on Thursday predicted that the U.K. will fall into a recession in the final quarter of this year as it announced its steepest rate hike in nearly three decades, following s...
Economy Week Ahead: Fed, Other Central Banks in Focus
The Federal Reserve’s policy meeting highlights this week’s slate of economic news. Wednesday China’s economic activity showed some signs of recovery in May, albeit at a slow pace, as Beijing, Shangha...
As Fuel & Food Prices Soar, Consumers Tighten On Retail Spending
Retailers feel the pinch. As consumers battle with an onslaught of rising cost, retail spending has … [+] slowed slightly (photo by Daniel Harvey Gonzalez/In Pictures via Getty Images) In Pictur...
Bank of England and MIT Announce CBDC Collaboration
The Bank of England (BOE) has become the latest central bank to enhance its efforts regarding the development of a CBDC. Recently, BOE has partnered with the Massachusetts Institute of Technology (MIT...