If the threat has moved away for now, it has not completely disappeared. Like most currencies around the world, the British pound has struggled to keep up with the dollar…
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Pound rebounds as ONS admits recession forecast was wrong
ghello. The pound is rallying as its early Friday rally saw it briefly erase all the losses it has suffered since Kwasi Kwarteng began his speech last Friday. It comes…
Pound falls again as Bank rules out emergency rate hike
VSChancellor Kwasi Kwarteng must do more to reassure markets about his plans for the economy after the pound’s fall, a senior adviser to Liz Truss has said. Gerard Lyons, an…
Bank of England urged to hike rates as markets bet 6% by next year
Gerard Lyons, an economist at NetWealth and a supporter of Liz Truss, said it was “up to the central bank to try to get ahead of the curve, to try…
Pound falls to lowest since 1985 as Kwasi Kwarteng delivers mini budget
ghello. All eyes are on Kwasi Kwarteng today as he prepares to unveil a series of tax cuts in his mini budget. Economists at the Institute for Fiscal Studies said…
Bank of England set to announce big interest rate hike – live updates – The Telegraph
Bank of England set to announce big interest rate hike – live updatesThe Telegraph What to watch for in the BOE rate decisionBloomberg Markets and Finance UK households risk £3bn…
Jacob Rees-Mogg cuts business energy bills in half
ghello. All eyes are on the Business Secretary this morning for details of a multi-billion pound support package to help businesses cope with soaring energy bills. Jacob Rees-Mogg is set…
Interest rates are expected to climb to 3.75% by the end of the year – live updates
ghello. China is spending record sums on Russian energy as it continues to increase its dependence on the Kremlin in the wake of the war in Ukraine. Beijing paid a…