Bank of England — News Archive

Britain’s Pound Drops on Weak UK Housing Market

The Great Britain pound fell today versus the US dollar, the euro and the Japanese yen on the concerns that the weakening housing market would hurt the recovery of Britain’s economy from its worst recession.

UK Retail Sales Decline, Britain’s Pound Drops vs. Euro

The Great Britain pound fell today versus the euro after the retail sales unexpectedly slowed in August, increasing the concern for Britain’s economy. The currency rose against the US dollar after it slumped earlier.

Sterling Declines as Interest Rates Remain Unchanged

The Great Britain pound weakened today after the Bank of England kept the interest rates unchanged and Nick Clegg, the Deputy Prime Minister of the United Kingdom, said that Britain’s economic recovery may be “uneven”.

Pound Falls to New Lows as BoE Expects Recession

The Great Britain pound fell to its one-month low against the USD and to the 3-month low against the yen, following the comments of the country’s monetary officials and the global bearish trend for the riskier assets.

Sterling Falls After Interest Rates Remained at Low Level

The Great Britain pound fell today after the central bank’s policy makers kept the interest rates at the low level, despite the concerns that the inflation may accelerate.

Pound Goes Up on High Inflation & Retail Sales

The Great Britain pound strengthened today on the speculation that the higher than expected inflation and the retail sales would cause the central bank to raise the interest rates.

Pound Weakens on Fears of Double-Dip Recession

The Great Pound weakened today after the central bank’s policy makers suggested that the budget spending cuts might throw the Britain’s economy back into recession.

Pound Goes Up on Outlook for Interest Rates Increase

The Great Britain pound rose today against the U.S. dollar and the euro on the speculation that the planned budget cuts wouldn’t damp the economic growth and after the Bank of England signaled that it might raise the interest rates.

U.K. Retail Sales Beat Forecast, Pound Rises

The Great Britain pound strengthened today against the U.S. dollar and some other most-traded currencies after the retail sales rose more than expected, suggesting that Britain’s economic recovery is strengthening.

Positive Forecasts for Pound Brought Currency Higher

The Great Pound strengthened today, erasing its losses against the U.S. dollar and the Japanese yen, amid the speculations that the central bank will raise the interest rates after forecasts promised that the economic growth would accelerate and the budget deficit would be decreased.

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