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World News

Venezuela seeks return of 31 tonnes of gold worth €4bn from Bank of England

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Markets

How UK 30-year bonds reached the highest yield this century

Investors are demanding significantly higher returns to hold British debt as 30-year gilt yields reached levels not seen since 1998 this week. The surge represents a major challenge for the UK Treasury but why did it happen and what does it mean exactly?

Business

Bank of England holds rates as Iran war sends oil prices to new highs

The Bank joins the Fed and Bank of Japan in sitting tight, as war in the Middle East drives oil prices higher and blows the spring rate-cut playbook apart.

Economy

ECB rate dilemma: Eurozone growth stalls as Iran war fuels inflation

The European Central Bank faces heightened uncertainty ahead of next week’s rate decision, with President Christine Lagarde warning the "stop-start nature" of the Iran war is making the economic outlook harder to assess.

Economy

UK inflation hits 3.3% as Iran war drives energy costs higher

British consumer prices rose at a faster pace in March, reaching 3.3% as the ongoing Iran war sent fuel prices soaring. The data has forced markets to reassess expectations for the Bank of England, with a previously anticipated interest rate cut next week now looking very unlikely.

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Economy

Bank of England holds rate at 3.75% amid Iran war inflation fears

The Bank of England has held its main interest rate at 3.75% in the wake of rising oil and gas prices following the start of the Iran war.

Markets

Markets on edge as ECB prepares to set interest rates

European markets have opened lower as investors await the European Central Bank’s rate decision, with a sharp rise in gas and oil prices fuelling fresh inflation concerns.

Business

Cooling UK inflation fuels expectations of March interest rate cut

Lower food and gas prices push inflation down to 3%, increasing expectations of a Bank of England rate cut in March.

Economy

BoE holds rates at 3.75% as inflation stays stubbornly above target

The Bank of England held rates at 3.75%, with inflation still above the 2% target and early-2026 data hinting the economy has started the year stronger than expected — complicating the case for near-term cuts.

Business

Mandelson emails stir unease over Epstein’s access to UK and EU policy

Newly released DOJ and congressional records show Jeffrey Epstein received real-time insight into UK tax and Bank of England policy discussions via Peter Mandelson, raising stark questions about how private networks intersect with public governance.

Economy

BoE delivers Christmas rate cut after cooler-than-expected inflation

Fresh data this week shows UK inflation fell more than expected in November, shifting the central bank’s focus to rising unemployment and lacklustre growth.

Economy

BoE keeps rates steady at 4% as economy shows signs of slowing

The UK's annual rate of consumer price inflation is standing at 3.8%, nearly double the bank’s 2% target.

Economy

Inflation in the UK remains high, sitting at 3.8% in September

Consumer prices remained almost twice as high as the Bank of England’s 2% target in September.

Economy

Bank of England holds key rate at 4% with inflation above target

The decision comes as no surprise as inflation in the UK remains stubbornly high, almost double the central bank's 2% target.

Economy

UK inflation remains nearly double the target before BOE rate decision

Stubbornly high inflation has been one of the reasons why the Labour government's poll ratings have fallen sharply since it came to power in July 2024.

Markets

UK bank shares tumble as sector fears new tax

British banks Barclays, Lloyds and NatWest saw their share price fall following news that the UK government could implement new taxes on the sector to fill a sizeable gap in the budget.

Economy

UK job vacancies fall at a slower pace while wage growth holds steady

Payrolled employment decreased by 8,000 in July compared with June, the smallest decline since a modest rise in January.