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
The UK economy will grow slower in 2011 than previously anticipated – 1.3 percent, compared to forecasts of 1.7 percent – and its 2012 growth will be a "modest" 2.2 percent, according to the Confederation of British Industry (CBI), an influential business organization.
The Bank of England's Monetary Policy Committee judged that recent economic weakness had reduced the chance that interest rates would need to rise in the near term, minutes to the BoE's July meeting showed on Wednesday.
Dollar lifts, euro slips, and Thailand's prime minister-elect connects on the baht - time for your FX Fix.
Almost everyone expects the European Central Bank to raise rates this week, but you can still trade on it. Here's how.
Trichet is vigilant, a Bank of England official is dovish, and central bank managers are down on the dollar. Time for your FX Fix.
The dollar rides some good economic news, for a change, and the Bank of England's Mervyn King delivers a scolding — time for your FX Fix.
Investors are afraid of “Armageddon” in foreign exchange markets due to concerns beyond the Greek debt crisis and sluggish US growth, David Bloom global head of foreign exchange at HSBC told CNBC Thursday.
The UK consumer sector is “extremely challenging” but the Bank of England will probably be forced to raise interest rates later in the year, Adam Chester, chief economist at Lloyds Bank Corporate Markets told CNBC.
When European Central Bank President Jean-Claude Trichet said the magic words — "strong vigilance" — the euro immediately spiked. Fine. But why the code?
The South Korean won is weighed down and the ECB's Trichet is talking. It's time for your daily FX Fix.
Economic data disappoints, the euro debt deal has doubters, but the Swissie is soaring — time for another FX Fix.
The uncertainty of Europe defaulting, QE2's expiration, and the debt ceiling is weighing on the markets, with Lou Brien, DRW Trading Group and Nick Bennenbroek, Well's Fargo.
If the monetary policy committee of the Bank of England were paid a performance bonus, its members would deserve nothing. The UK’s inflation outcome has been far from target over a long period. So should the MPC raise rates now to make up for its past failures? No. But its position is becoming very uncomfortable, according to the FT.
The British pound is sinking, and the World Bank is down on the dollar. Here's your daily FX Fix.
UK inflation hit a two and a half-year high Tuesday and experts are saying it is only a matter of time before it goes even higher.
Mervyn King, the Governor of the Bank of England, made it clear to the market on Wednesday that UK rates would have to rise at some point.
Sovereign debt is weighing on the euro, but the loonie is lifting off again. Time for your FX Fix.
A rate decision is due out tomorrow from the Bank of England & ECB, reports CNBC's Guy Johnson. And CNBC.com will stream the ECB press conference live at 8:30am Eastern time.
The FX markets are pummeling the US dollar strength as we head into tomorrow's ECB and Bank of England meetings.
Why is Spain paying higher interest rates on its government debt than the UK? The answer to this question is illuminating: membership of a currency union makes a country fiscally fragile, writes Martin Wolf in the FT.