Tag Archives: Bank of England

28Mar/17

Mixed messages on eve of Brexit

With a day to go before UK prime minister Theresa May triggers Article 50 to start separation talks with the EU, the Bank of England is warning UK banks to prepare themselves in case of a disorderly Brexit. But, as Ivor Bennett reports, the eve of Brexit also attracts a vote of confidence from Qatar as its sovereign wealth fund pledges over $6 billion in investment in Britain. Continue reading

29Jan/17

Central banks to play second fiddle to Trump

U.S. President Donald Trump will again be centre of attention in the coming week with any policy statements, having helped put the Federal Reserve, Bank of England and other central banks in wait-and-see mode. Ciara Lee reports. Continue reading

22Nov/16

UK wealth falls $1.5 trillion after Brexit FX moves: Credit Suisse

Britain is $1.5 trillion poorer in dollar terms due to the fall in the pound since the vote to leave the European Union, according to a new study on global wealth. But Credit Suisse also predicts that around 945 billionaires will be minted around the world in the next five years.

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01Nov/16

More Brexit trauma ahead for sterling?

UK manufacturing showed solid growth in October thanks to exchange rates driving up new orders, according to the latest data. But as Ivor Bennett reports, sterling could fall even further than some might want – a new poll forecasting lows of $1.15 when Britain starts formal divorce proceedings from the EU.
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15Apr/16
Union Jack flag flutters next to European Union flags

10-week countdown to Brexit vote

A ten-week countdown to the UK Brexit referendum begins with the launch of the official campaigns by both sides in the debate. As Julian Satterthwaite reports, it comes amid more warnings on what it could all mean for the UK economy and financial sector. Continue reading