David Owen, chief European economist at Jefferies International and Kit Juckes, global head of foreign exchange strategy at Societe Generale, discuss what the "new normal" for U.K. interest rates will be once they start rising.» Read More
UK regulators and global banks are discussing a potentially far-reaching overhaul of the calculation and regulation of interbank lending rates, amid claims that the benchmark for $350 trillion contracts worldwide may have been subject to manipulation. The FT reports
Britain’s two part-nationalized banks plan to tap the European Central Bank’s special three-year funding scheme for a combined amount of about 15 billion euros ($20 billion), on a par with some of the euro zone’s largest banks, the Financial Times reports.
More asset-buying by the Bank of England will depend on how the economy evolves between now and May, David Miles, the Monetary Policy Committee member who joined ultra-dove Adam Posen in voting for an even larger boost in quantitative easing, told CNBC.
The Bank of England raised its inflation forecast for two years time to around 1.8 percent on Wednesday, higher than most economists had expected, raising doubts about further quantitative easing.
Inflation will remain above the Bank of England's 2 percent target in the U.K. for a long time, Andrew Sentance, a former member of the monetary policy committee, told CNBC on Tuesday.
Greek talks go down to the wire, and central banks hold steady - it's time for your FX Fix.
Stephen Hester has revealed that the dramatic restructuring of Royal Bank of Scotland has cost 38 billion pounds ($60.5 billion) in a rallying memo to staff days after the embattled chief executive waived a 1 million pounds bonus, the Financial Times reports.
Welcome to a busy week for central bank meetings. Here's how to trade on a big one.
Japan has a trade deficit and Australia has inflation - it's time for your FX Fix.
The governor of the Bank of England said he would be willing to implement further rounds of asset purchases – also known as quantitative easing - in an effort to rebalance the UK economy and issued a stark warning to the financial sector ahead of bonus season in the City of London.
Europe is on everyone's minds, but this strategist is more interested in a trans-Atlantic trade.
A Spanish bond sale lifts the euro, but the European Central Bank meeting is the real headliner - time for your FX Fix.
Rob Subbaraman, Chief Asia Economist, Nomura says that he sees both the ECB and the Federal Reserve coming out with quantitative easing this year, with the BOJ and Bank of England doing so in the next few months.
Another week, another euro zone crisis! It feels as if this crisis is never ending, self perpetuating until an eventual Armageddon that will at the very best end with the break-up of the euro zone and at the very worst in World War III.
British Prime Minister David Cameron is facing criticisms of leaving the UK isolated after he said he would not agree to a new European Union treaty.
The Bank of England holds steady, New Zealand stands pat, and everyone is watching the EU summit - it's time for your FX Fix.
The European Central Bank is widely expected to cut interest rates back to a record low of 1 percent from the current 1.25 percent on Thursday and provide longer-term loans to banks that are struggling to find funding.
The Bank of England surprised investors at its last meeting with a significant easing. Here's how to trade this week's get-together.
Australia is growing, China is slowing, and everyone is eager for the EU summit, already - time for your FX Fix.
Efforts to improve liquidity in the world's financial markets 'psychologically' important, Louise Cooper of BGC Partners says.