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Bank of England Boosts Quantitative Easing As Second COVID-19 Lockdown Begins
Thursday, November 5, 2020 - 1:20pm | 334Read More...The Bank of England on Thursday increased its quantitative easing stimulus package by 150 billion pounds ($196 billion) to support the U.K. economy from the coronavirus pandemic as the country enters a second public health lockdown. Interest rates were maintained at 0.1%. ...
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Brexit Update: Scottish Court Delays Decision On Extension, EU Negotiator Says Deal 'Difficult But Possible'
Wednesday, October 9, 2019 - 8:43am | 548Read More...Brexit dscussions between the European Union and the United Kingdom are intensifying with 22 days to go before the U.K. is due to depart from the EU. The Scottish Court of Session delayed a decision on whether to sign a letter requesting a Brexit extension if Prime Minister Boris Johnson refuses to...
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The UK Labor Market Ended The Year 2018 On A Strong Footing
Tuesday, February 19, 2019 - 11:22am | 417Read More...The UK unemployment rate remained at 4.0%, the lowest since December 1974 to February 1975 trimester. The UK regular pay excluding bonuses rose 3.4% in three months to December 2018 while the total pay also rose 3.4% ion the same period of time, missing the market estimate slightly. The claimant...
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A Peek Into The Markets: U.S. Stock Futures Gain; Bank of England Lowers Interest Rates
Thursday, August 4, 2016 - 7:56am | 554Read More...Pre-open movers U.S. stock futures traded higher in early pre-market trade. Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET, while factory orders report for June will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average...
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UK, US Suggest QE Might Actually Work
Tuesday, February 14, 2012 - 1:26pm | 441Read More...The Bank of England decided last Thursday to continue its monetary policy based on quantitative easing. Partially due to the weakness of the Eurozone countries, the Bank of England committed to issuing another 50 billion pounds through QE to improve liquidity, so businesses can take out loans and...
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How to Profit from Central Banks' Move to Prevent Banking Crisis
Friday, September 16, 2011 - 8:45am | 845Read More...The markets have responded favorably after five of the world's most important central banks announced a joint effort to provide the banking sector with additional liquidity. As the talk of a Greek default increases, there has been growing concern that Europe's banks might stop loaning to each...
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Sterling Hits Near 3-Week Low against U.S. Dollar
Monday, May 9, 2011 - 11:47am | 90Read More...The British currency suffered losses against the greenback in Monday's trading, at one point trading at $1.6270, near its lowest point in the last three weeks. Investors are worried about continuing problems in the Eurozone, after another downgrade hits Greece. Traders and analysts are also...
