In the final week of its emergency bond-buying program, the central bank is expanding its efforts to restore bond market function. Read More
British Pound (Currency)
Trending topics and news from the British Pound (Currency) category
Back to news homeSleepy Corner of U.K.’s Pension Industry Forced the Bank of England’s Hand
Plans by Britain’s new prime minister, Liz Truss, to cut taxes and freeze energy bills landed like a bomb in a niche corner of financial markets, hitting government bond prices […]
U.K. Borrowers React to Soaring Interest Rates in Mortgage Market
LOUGHTON, England — After nearly two decades of renting in one of the world’s most expensive cities, the Szostek family began the week almost certain that they would finally own […]
Why the British Pound Continues to Sink
Over the centuries, British leaders have often gone to extraordinary lengths to protect the pound’s value, viewing its strength as a sign of the country’s economic power and influence. King […]
To Calm Markets, Bank of England Will Buy Bonds on ‘Whatever Scale Is Necessary’
The Bank of England said on Wednesday that it would temporarily buy British government bonds, a major intervention in financial markets after the new government’s fiscal plans sent borrowing costs […]
Markets Calm After Recession Fears Drive Steep Drops
Markets around the world tempered on Tuesday after days of worrisome economic news and rising interest rates had driven down shares.After earlier gains, shares of the S&P 500 fell more […]
U.K. Government Goes Full Tilt on Tax Cuts and Free-Market Economics
LONDON — Britain’s new prime minister, Liz Truss, gambled on Friday that a heavy dose of tax cuts, deregulation and free-market economics would reignite her country’s growth — a radical […]
Pound Falls as U.K. Debt and Tax Cut Plans Worry Investors
Much of the outward business of government in Britain is grinding to a halt during 10 days of national mourning until the state funeral for Queen Elizabeth II, when schools, […]
Markets Wobble as Britain Gets a New Prime Minister and Energy Worries Grow
If financial markets are sending a message to Britain’s new prime minister, Liz Truss, it’s one of concern.Ms. Truss, who was named on Monday as the choice of Conservative Party […]
Pound Rises as Britain and E.U. Announce a Post-Brexit Trade Deal
But the relief of actually reaching a deal, and the potential for future cooperation, will reassure many.The head of Confederation of British Industry, which represents 190,000 businesses across the country, […]