Pound reaches 30-month high after Bank of England pauses while Fed slashes rates
The U.K. pound is up 0.7% to $1.3307, its highest level against the U.S. dollar since March 2022, as traders react to news ...
Bank of England keeps its main interest rate on hold at 5% in wake of big Fed cut
The decision Thursday was widely expected amid ongoing concerns about inflation within the British central bank’s monetary ...
Bank of England holds key rate after U.S. Fed makes 1st cut in 4 years
The Bank of England kept its benchmark interest rate on hold at five per cent on Thursday, mere hours after the U.S. Federal Reserve had delivered an oversized rate cut.
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Bank of England decision: Key interest rate expected to stay at 5%
The Bank of England is not expected to follow its U.S and eurozone peers by cutting interest rates in September. The U.K. central bank will make its policy announcement at 12 noon in London, ...
Bank of England to hold Bank Rate this month but cut in Nov, economists say
The Bank of England will keep its main interest rate at 5.00% next week but reduce it in November even though inflation is ...