LONDON: UK stocks indexes rose on Friday, finishing the week on a high after a combination of factors including the US Supreme Court striking down President Donald Trump’s tariff, expectations of a Bank of England rate cut, and easing concerns over artificial intelligence disruption. Read More: Trump’s tariff pause sparks massive gains in US stock market The blue-chip FTSE […]
Bank of England
UK food and shop prices inflation rises at end of 2025
LONDON: Food prices and overall shop prices inflation in the UK picked up in December 2025, according to the British Retail Consortium (BRC), as retailers faced rising costs. Annual shop price inflation rose to 0.7%, slightly above November’s 0.6% increase, while food inflation climbed to 3.3% from 3.0% the previous month. Prices of non-food items […]
UK consumer borrowing jumps to highest in two years
UK consumer borrowing surged in November, marking the largest increase in two years, according to Bank of England data released Monday. Households added a net £2.08 billion ($2.79 billion) in borrowing, surpassing forecasts and October’s £1.713 billion rise. The annual growth rate of consumer credit reached 8.1%, the fastest since May 2024, signaling strong household […]
Sterling hits 12-week high as dollar weak
The British pound climbed to its highest level in nearly three months against the US dollar on Tuesday, supported by signs of resilience in the UK economy and a broad weak of the greenback. Sterling rose 0.42% to $1.3517, its strongest level since October 1, extending gains from last week. Read More: Rupee gains three […]
Bank of England cuts rates to 3.75% but signals caution
LONDON — The Bank of England (BoE) on Thursday lowered its benchmark interest rate to 3.75% from 4.0% after a narrow 5-4 vote by the Monetary Policy Committee (MPC). The move marks the fourth rate reduction this year but comes with a warning that further cuts could be limited as policymakers weigh the risks of […]
Dollar edges higher as markets await U.S. inflation data
TOKYO – The U.S. dollar rose slightly against major currencies on Thursday as traders awaited the delayed release of U.S. consumer inflation data and digested renewed trade tensions between Washington and Beijing. The yen weakened to a one-week low against the dollar amid expectations of a major stimulus package from new Prime Minister Sanae Takaichi, […]
Global market keep eye on geopolitics
ANKARA: As Russia’s war on Ukraine continues, investors remain cautious and continue to keep an eye on geopolitics. Major central banks accelerated their transition to tighten monetary policies in the face of inflationary pressures mostly driven by the war. Despite the rate of increase, the US Federal Reserve’s (Fed) interest rate was seen […]