British Prime Minister Liz Truss announces her resignation, outside Number 10 Downing Street, London, Britain October 20, 2022. Henry Nicholls | Reuters LONDON — Former U.K. Prime Minister Liz Truss i...
Tag: GBP/USD
Bank of England raises rate by 75 basis points, biggest hike in 33 years
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England on Thursday raised interest r...
Bank of England set for biggest rate hike in 33 years, but economists expect dovish tilt
Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The ...
Britain’s shadow banking system is raising serious concerns after bond market storm
Analysts are concerned about a knock-on effect to the U.K.’s shadow banking sector in the event of a sudden rise in interest rates. Photo by Richard Baker | In Pictures | Getty Images LONDON — A...
British Pound Plummets To Record Low Against U.S. Dollar After U.K. Gov’t Signals More Tax Cuts
Topline The British pound slumped to an all-time low against the U.S. dollar early Monday morning as markets reacted negatively to the new government’s signals that it will pursue more aggressive tax ...
UK investigation into Downing Street Covid lockdown parties finds ‘failures of leadership’
Prime Minister Boris Johnson leaves 10 Downing Street to make a statement at Parliament on January 31, 2022 in London, England. Dan Kitwood | Getty Images News | Getty Images LONDON — The interim find...