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  1. Bank Of England Cuts Rate By 50 Bps, Unveils Funding Scheme For SMEs On Covid-19

    by , 03-11-2020 at 03:03 PM
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    The Bank of England unexpectedly cut its key interest rate and launched a new funding scheme for small businesses as it expects the UK economy to take a major hit due to the coronavirus, or Covid-19, outbreak. The Monetary Policy Committee unanimously voted to cut the bank rate by 50 basis points to a record low 0.25 percent, following a special meeting on March 10, the central bank said.

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  2. Technology Companies Need To Pay More Tax, BoE Governor Carney Says

    by , 01-31-2015 at 09:38 PM
    Technology companies should have "a sense of responsibility" for paying taxes, as the amount of tax paid by them is very small compared to the returns, the Bank of England governor Mark Carney told on Friday.

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    Speaking at a panel session at the World Economic Forum Annual Meeting in Davos, Carney said that "It should be recognised that some of the biggest firms to take the most advantage of international tax rules are technology ...
  3. U.K. Aug-Oct Jobless Rate and Bank of England Minutes made 34 pips range price movement for GBP/USD

    by , 12-17-2014 at 03:21 PM
    The U.K. unemployment rate fell less than expected in the August to October period, data from the Office for National Statistics showed Wednesday.

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    The jobless rate fell to 6 percent during August to October, down from 6.2 percent seen in the May to July period. Economists had forecast a rate of 5.9 percent.

    During August to October, there were 1.96 million unemployed, 63,000 fewer than in the May to July period. This was ...
  4. Trading the News: Bank of England Inflation Reportt

    by , 11-12-2014 at 04:48 AM
    - Bank of England (BoE) Widely Expected to Reduce Growth, Inflation Forecast.
    - Will the BoE Inflation Report Drag on Interest-Rate Expectations?

    Trading the News: Bank of England (BoE) Inflation Report

    Trading the Bank of England (BoE) Inflation report may not be clear cut even with expectations for a downward revision in the central banks growth/inflation forecast as Governor Mark Carney continues to prepare U.K. households and businesses for higher borrowing-costs. ...