David Miles News
-
The pound posted its biggest monthly gain versus the dollar since October 2011 as a report showed British banks granted more loans for homes in March than analysts predicted, adding to signs the economy is improving.
-
U.K. mortgage approvals rose more than forecast in March as an easing of credit conditions helped support the housing market.
-
U.K. money markets are indicating Bank of England policy makers will step up efforts to stimulate growth by buying another 80 billion pounds ($122 billion) of bonds, according to JPMorgan Chase & Co.
-
Bank of England Governor Mervyn King was defeated for a third month in a push for more stimulus as officials signaled the change to their remit hasn’t altered their approach to policy in light of current risks.
-
The pound fell the most in six weeks against the dollar after government data showed the U.K. unemployment rate climbed and wage increases slowed, adding to signs the economy is weakening.
-
U.K. stocks fell for a fourth day as Tesco Plc reported its first profit drop in almost two decades and as BHP Billiton Ltd. led mining companies lower.
-
U.K. unemployment rose at the fastest pace in more than a year and wage increases slowed, providing further evidence the labor market is succumbing to a weak economy.
-
Bank of England policy maker David Miles said he doesn’t see evidence of asset price bubbles in the U.K., countering criticism that the country’s central bank is fueling excessive risk-taking.
-
European stocks declined for a fourth day, with the benchmark Stoxx Europe 600 Index falling to its lowest level this year, as commodity producers and automakers slid.
-
The Bank of England is tasking its economists to do research on the lower limits of interest rates and credit flows as part of a focus on unconventional policy, according to a job advertisement on its website.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page