In a world preoccupied by crises, the global economy has taken something of a back seat. But there are signs it is in trouble despite being awash with cash from low interest rates.» Read More
Sebastien Galy, Senior Currency Strategist at Societe Generale, says the sterling has priced in a rate hike by the Bank of England, which will likely occur in the fourth quarter.
Ruth Lea, economic advisor at Arbuthnot Banking Group, says the economy is "going like a train" and the Bank of England should raise rates soon.
DeAnne Julius, former member of the of the monetary policy committee of the Bank of England, says now is not the right time for forward guidance, adding that the BoE's independence is at risk if members keep voting unanimously.
John Longworth, director general of the British Chambers of Commerce, says that an interest rate rise in the U.K. would hit spending and affect businesses.
We are seeing worse-than-expected data from the U.K. -- usually an outlier where Europe is concerned -- leading us to conclude that it's not yet ready for a rate rise, says David Bloom, global head foreign exchange strategy at HSBC.
Pat McFadden, a U.K. Labour Party politician, discusses the Bank of England's forward guidance, which he says has failed to provide "clarity and certainty".
CNBC's Rick Santelli and Yra Harris, Praxis Trading partner, discuss how markets test the Fed and grade the performance of Janet Yellen.
As Mark Carney completes a year at the helm of the Bank of England, CNBC's Catherine Boyle looks back at the highs and lows.
The dollar looked set for a second week of losses on Friday, after a string of poor U.S. economic data that gave investors no reason to expect higher interest rates soon.
Steven Saywell, global head of foreign exchange strategy at BNP Paribas, comments on the U.K GDP data and says the Bank of England should be the first major bank to hike rates.
The Bank of England has always provided its forward guidance "faithfully and consistently" says Mark Carney, governor at the Bank of England, brushing off "unreliable boyfriend" criticism.
The Bank of England has issued two recommendations to limit risk of household indebtedness with regards to the U.K. housing market says Mark Carney, governor at the Bank of England.
Chris Walker, foreign exchange strategist at Barclays, says Bank of England Governor Mark Carney was very clear that he "hasn't shown its entire hand" and explains why a rate hike later this year is still possible.
Bill O'Neill, head of CIO wealth management research U.K. at UBS, discusses the macro measures the Bank of England could unveil in an effort to cool down the U.K. housing market.
Richard Woolhouse, chief economist at BBA, says the U.K. housing market is cooling down, adding that the Bank of England is likely to hike rates this year.
Simon Wells, chief U.K. economist at HSBC, says the Bank of England faces a "historic" moment as it decides how to take the heat out of the U.K.'s housing market.
Mark Carney, governor at the Bank of England, says that recent U.K. wage data has been softer than the bank had anticipated but that earnings growth should accelerate in the second half of 2014.
The Australian and New Zealand dollars both jumped on Monday, after a promising China manufacturing survey.
Jonathan Ashworth, UK Economist at Morgan Stanley, says the interest rate rise in the U.K. is going to be gradual so the economic recovery is not threatened.
John Hardy, foreign exchange strategist at Saxo Bank, says the market is "aggressively" pricing in a Bank of England rate hike in 2014, and comments on the latest minutes.