Bank of England leaves rates at 5%, pound hits highest since March 2022
The Bank of England left interest rates at 5% on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds ($132.86 billion) over the coming 12 months, weighing on the government's finances.
Pound hits two-year high as Bank holds rates at 5% - and shares soar as investors cheer jumbo Fed cut
The Bank of England held its base rate at 5% at noon yesterday as Governor Andrew Bailey insisted it must be 'careful not to cut too fast or by too much'.
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 that the Bank of England left its main bank rate unchanged at 5%.
Pound pushes higher against dollar as aggressive US interest rate cut expected
“Any hint of an emergency propelling their thinking would have the dollar weakening at a faster clip against global peers, while a rationale based on inflation easing at a pace that suggests keeping rates significantly higher is no longer warranted should keep the dollar from falling decisively further,” Krosby wrote in a note.
Money blog: Pound hits two-year high after interest rate announcement; economist predicts when rate will hit 3%
The Money blog is your place for personal finance and consumer news. The Bank of England has held the interest rate at 5% - follow as we dissect what it means for your money. Leave a comment in the box below.
Bank of England keeps rates at 5%, extends 100 billion pound bond reduction plan
The Bank of England held interest rates at 5.0% on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds over the coming 12 months, weighing on the government's finances.
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut.
Bank of England expected to leave UK interest rates on hold today after jumbo Fed rate cut – business live
Rolling coverage of the latest economic and financial news, as money markets indicate just a 20% chance of a UK interest rate cut today
British Pound Rallies After Bank of England Holds Rates
The pound was at to its highest level in two-and-a-half years after the Bank of England left its key interest rate unchanged, taking a more cautious approach than the Federal Reserve. The pound climbed 0.
Bank of England’s rate cutting on hold after air fares take off
The Bank of England unlikely to join peers in cutting rates this month as it’s stymied by stubborn service sector inflation.
Bank of England Rates Stay Unchanged. Why U.K. Central Bank Didn’t Follow the Fed.
The BOE got ahead of the Federal Reserve by making its first cut since the Covid-19 pandemic at the beginning of August.
The Daily Times (Salisbury) on MSN1mon
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