Sterling had its worst month for a year — and it may fall further
U.S. dollar bills, British GDP and Euro currency bank notes are pictured on September 27, 2022 in Bath, England. Matt Cardy | Getty Images News | Getty Images LONDON — …
GBP/USD
Bank of England ends run of 14 straight interest rate hikes
LONDON — The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data showed inflation is now running below expectations. The Bank had …
UK economy contracts in July as mild recession looms
Empty tables in the rain outside an Italian restaurant near a closed down pub in central London, UK, on Tuesday, Aug. 16, 2022. The Office for National Statistics are due …
June’s UK inflation rate falls to 7.9%, falling short of expectations
Skyline view of the City of London financial district. Mike Kemp | In Pictures | Getty Images LONDON — U.K. inflation cooled significantly in June, coming in below consensus expectations …
Inflation Print Prompts Drop in UK Borrowing Costs
Andrew Bailey, governor of the Bank of England, at a Group of 20 finance meeting in India, on Monday, July 17, 2023. Bailey has been facing pressure over the extent …