United Kingdom British King Charles III received the first banknotes with his portrait from the governor of the Bank of England at Buckingham Palace on Tuesday. It was a milestone for 75-year-old King Charles, who is being treated for cancer, just over a year and a half into his reign. He inspected the banknotes of … Read more
Expected economic data in the currency market During this week, many important economic events and data will be issued, which will have an impact on the trading of a number of currencies, most notably the Australian dollar, the US dollar, the euro, and the sterling. The most important events are as follows: British labor market … Read more
Andrew Bailey, Governor of the Bank of England Andrew Bailey expressed; Governor of the Bank of England, today, Friday; Some statements related to inflation rates in the United Kingdom, and below we review the most prominent of these statements: It is believed that there will be a noticeable decline in inflation next month. September inflation … Read more
Efforts to Curb Inflation in Europe In recent news, concerns about rising inflation in Europe have prompted efforts to curb its impact on the economy. The European Central Bank (ECB) and various financial institutions are taking measures to address this issue and maintain stability. Isabel Schnabel, a member of the ECB’s governing board, has warned … Read more
The COVID-19 pandemic has shaken up the global economy in ways that were previously unimaginable. One of the most affected sectors has been the property market, which is now facing a reckoning in Britain. Many experts believe that the house price plunge has only just begun, and that the consequences of the pandemic will be … Read more
Average house prices in the UK fell 3.1 percent in the year to March, the biggest annual pace since 2009, after higher interest rates pushed up borrowing costs. The British Building Society said; The average house price decreased in March by 3.1 percent compared to last year, and that real estate prices fell by 4.6 … Read more
Publicly, BoE officials see that the UK is already in a recession. European Central Bank officials assume that the euro zone has entered a recession this quarter. The economies of the UK and the Eurozone have been hit by rising energy costs following the Russian invasion of Ukraine. The United States is less exposed to … Read more
The Bank of England decided at its meeting today, Thursday, to raise interest rates by 50 basis points to 3.5%, as planned, to counter inflation rates rising to record highs. The Bank of England is trying to fight inflation well above its 2% target and has hiked interest rates sharply over the past 12 months. … Read more
more stable inflation The low inflation is largely due to the cost of petrol and used cars, along with tobacco, clothing, computer games and hotel accommodation. Fuel prices have risen more slowly than a year ago and this effect has led to a steep decline in the annual pace of inflation. Food and soft drink … Read more
Rishi Sunak The British prime minister is under pressure from Brexit supporters. (Photo: dpa) London Since the UK left the European Union nearly three years ago, Brexit advocates have promised a “big bang” that will free UK financial services firms from the regulatory shackles of EU membership. Andrew Griffith, Secretary of State for the City … Read more