UK business investment is at a "historic" low rate because of Brexit-related uncertainty but will pick up slightly, Bank of England governor Mark Carney said after the institution left rates unchanged.
Bank of England Governor Mark Carney discusses how jobs and wages in the U.K. are being impacted by Brexit uncertainty.
The Bank of England (BOE) held interest rates steady at 0.25 percent on Thursday, as expected, while largely sticking to its previous assumptions for growth and inflation over the three-year forecast horizon.
The Monetary Policy Committee voted by a majority of 6-2 to keep rates at record low levels in August.
The central bank will likely downgrade its growth forecasts for the United Kingdom for this year and next, says Oliver Salmon of Oxford Economics.
European bourses closed lower on Wednesday, as investors monitored mixed earnings reports.
The U.K. could lose up to half of its investment banking jobs over the next few years if the government continues to pursue a hard-line exit from the EU, a new report has warned.
Workers at the Bank of England (BOE) walked out on strike on Tuesday for the first time in five decades, over a pay dispute.
Markets are unlikely to price in the Bank of England interest rate announcement on Thursday, Kamal Sharma, director of G10 FX strategy at BAML said.
Central banks and governments should not be considered as authorities which are independent of each other, Andrew Lilico, director at Europe Economics, told CNBC.
Charles Newsome, divisional director at Investec Wealth, weighs in on whether the typical British investor should be concerned about the Bank of England’s strategy and rhetoric as of late.
The Bank of England (BoE) has criticized complacent lenders after growing levels of personal debt have put the U.K. economy at risk of another economic downturn.
The Bank of England's governor has unveiled a new 10-pound note featuring Jane Austen at one of England's grandest cathedrals.
The dollar eased against the yen on Wednesday, after Federal Reserve Chair Janet Yellen said interest rates hikes would be gradual.
Stocks are entering "frothy territory" and could fall due to a turnaround in monetary policy, Deutsche Bank said in a note.
Surveys showed major companies have curtailed their investment plans and that consumers spent less on their credit cards.
Investors are feeling more confident in a shift in policy from central bankers, said Philip Shaw, chief economist at Investec.
The Bank of Japan stepped up plans for its bond-buying on Friday as JGB yields crept higher, causing the yen and oil to drop.
James Athey, global fund manager at Aberdeen Asset Management, discusses monetary policy at the Bank of England.
Bank of America Merrill Lynch's Michael Hartnett said it is "no longer politically acceptable to stoke [the] Wall St. bubble."