Tag Archives: Bank of England

Sterling gained in volatile trading on Thursday, as the U.S. dollar fell against some currencies, with investors taking comfort from the Bank of England’s purchase of long-dated bonds to stabilize the market. The pound rose 1.4% to $1.1034. After hitting a fresh 37-year low of $1.0327 three days ago, sterling …

Britain is suffering the worst inflation rate among the G7 countries with skyrocketing prices further tightening the squeeze on the British public.

The Bank of England warns of recession risk as it hikes interest rate to tackle soaring inflation

The US has already slipped into a recession that could be as bad as the 2007-08 meltdown, according to new research that punctures holes in media reports about the booming stock market and low unemployment. David Blanchflower, a former member of the Bank of England Monetary Policy Committee, and Alex …