Bank Of England News
Global markets have steadier tone after Wall Street recovery
European stock markets traded in fairly narrow ranges Tuesday following a late recovery on Wall Street at the end of a session that had been dominated by concerns over the ability of the Trump administration to deliver on its economic and tax plans following its defeat on health care reform.
UK cost of living keeps rising due to Brexit impact
Britain's Office of National Statistics says the inflation rate rose to 2.3 percent in February as pressures on the pound following Britain's vote to leave the European Union filtered into the economy in the form of rising food and fuel prices
UK central bank seems increasingly concerned about inflation
The Bank of England has kept interest rates at a record-low 0.25 percent to avoid slowing economic growth as Britain prepares to leave the European Union
Everything You Need to Know About Britain's New Prime Minister
Theresa May is set to become Britain’s 75th prime minister today, after David Cameron formally hands over his resignation to the queen at Buckingham Palace . May won the Conservative Party leadership earlier this week, outlasting leading lights of the “ Brexit ” campaign: Andrea Leadson, Boris
What's Next for the UK After Brexit Vote
So much for Britain’s "Keep Calm and Carry On" maxim. The U.K. is in chaos after voting to leave the European Union last week in a national referendum. On top of market uncertainty, a falling currency and the foreign investors who’re poised to pull out, there has been a leadership vacuum since
British PM David Cameron Announces He Will Resign, Says UK Needs 'Fresh Leadership'
British Prime Minister David Cameron announced this morning that he will step down as prime minister in the fall, saying the country needs "fresh leadership." His announcement follows U.K. voters' historic decision by referendum to leave the European Union . He said he will continue as prime
United Kingdom Votes to Leave European Union
The United Kingdom voted in a referendum Thursday to leave the European Union , according to the United Kingdom Electoral Commission. The “Leave” side garnered 51.9 percent of the vote, while the “Remain” side garnered 48.1 percent, according to the commission. The financial markets reacted quickly
Only Thing Not Flying This Thanksgiving Will Be the Turkey
Morning Money Memo… Markets worldwide are mixed this morning, following a slew of economic and policy decisions out of Europe. The European Central Bank and the Bank of England both announced decisions to hold interest rates steady at current record low levels. European markets are...
5 Things That May Happen if Scotland Votes for Independence
Scotland appears on the edge of what may be a very close vote that could lead to its independence from England. Though the vote itself won’t take place for another week, British politicians are so concerned, members from opposing parties have cleared their schedules and headed north in an effort to
5 Cases of Valuables Found in Odd Places
Sometimes treasures are found in the most unexpected places, including an airplane bathroom, a river or in a desk purchased on Craigslist. Here's a look at some recent examples of valuables found in some very odd places. In an Airplane Bathroom Two dozen gold bars worth more than $1.1 million were