The UK economy unexpectedly contracted in August for the second time in three months,...
Bank of England Expands Emergency Program to Stabilize Bond Market
The Bank of England announced on Tuesday an expansion of its emergency bond buying...
British Sterling Heads for Best Week in Nearly 2 Years as Budget Worries Fade
The British pound was on track to have its best week since the year...
BoE Steps In to Calm Bond Market Rout
The Bank of England will step in to prevent bond selloff as the central...
Sterling Plunges below $1.11 after Tax Cuts Announcement
Sterling dropped as low as $1.1077 around midday on Friday against the greenback after...
UK Inflation Unexpectedly Drops to 9.9% in August, but Still Near 40-Year High
Official data released on Wednesday showed that inflation in the United Kingdom declined unexpectedly...