Mervyn King

Michael Lewis is perhaps most well-known for authoring the best-seller "Flash Boys: A Wall Street Revolt" and "Moneyball: The Art Of Winning An Unfair Game," among others. On Thursday, he penned an article on Bloomberg, in which he discussed one of his favorite memories from his professional career...

The Bank of England and the European Central Bank both kept policy on hold this morning as Europe still reels from a third recession since 2007 and England's economy grows ever-so slowly. The European Central Bank also revised its growth and inflation forecasts for 2013 and 2014 in a sign that the...

Thursday brings two key interest rate decision from Europe, first the Bank of England followed by the European Central Bank. The decisions followed by the European Central Bank's updated economic forecasts should set the tone for early market action Thursday. Bank of England The Bank of England is...

Futures Lower on Weak European Growth Data U.S. equity futures traded lower in early pre-market trade following a weaker than expected GDP report from the eurozone for the first quarter. GDP growth rose to -0.2 percent on a quarterly basis from -0.6 percent but missed forecasts of a 0.1 percent...

Futures Lower on Weak U.K. Employment Data, Easing Fears U.S. equity futures declined in the pre-market following weaker than expected U.K. employment data which showed that the U.K. economy lost jobs unexpectedly in March. Also, fears over the massive global QE, specifically in the U.S. and Japan...

Outgoing Bank of England Governor Mervyn King sent the pound lower against major pairs Wednesday following the publication of the Bank of England's Quarterly Inflation Report. The report and the ensuing press conference reiterated the Bank's stance to maintain loose policy, even as inflation...

Futures Lower Following North Korean Nuclear Test U.S. equity futures declined in overnight trade as many Asian markets remained closed as North Korean tested its third atomic bomb in defiance of the U.N. South Korean authorities registered a 4.9 magnitude earthquake in its northern counterpart,...

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This week, five key central banks are expected to release their updated interest rate decisions and comment on the state of both domestic economies. The European Central Bank and the Bank of England should steal the headlines and attract the most attention, however the Reserve Bank of Australia,...

Futures Flat on Greek Deal U.S. equity futures were flat in early Tuesday trade as the Troika of lenders reached an agreement to disburse Greece's latest bailout tranches and give the nation more time to repay its bailout loans. Ministers agreed to cut the interest rate Greece has to pay on its...

Reports Wednesday showed that Standard Chartered Bank may face up to $700 million in fines from a New York banking regulator. The news comes just days after it was revealed that the New York banking regulator was investigating the British Bank for funneling transactions into Iran, breaking new U.S...

The Bank of England slashed its growth forecast for the United Kingdom and hinted at further easing policies Wednesday in the Quarterly Inflation Report . The Bank cuts its GDP forecast and kept a prior inflation forecast on hold as the U.K. slips deeper into recession. In its forecast, the Bank...

Central banks in Europe stood firm on policy Thursday following rate cuts at previous meetings. Both the European Central Bank and the Bank of England kept rates firm and neither decided to launch any new non-traditional policies. The Bank of England kept rates on hold and kept its quantitative...

U.S. equity futures rose ahead of the interest rate decisions from both the Bank of England and the European Central Bank. Also, the People's Bank of China reported that it has not cut rates this month as some had expected. Recall that before the previous two Bank of England decisions, China had...