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By Geoffrey Smith Investing.com -- The Bank of England raised its key Bank rate by 75 basis points to 3.0%, its highest in 14 years, and warned that the U.K. economy may shrink for the next year and...
By Scott Kanowsky Investing.com -- Barclays PLC (LON:BARC) reported better-than-expected profit in the third quarter, as the lender was boosted by strong performance in fixed income trading that...
By Yasin Ebrahim Investing.com -- The pound’s rebound since hitting an all-time low may soon run out of steam as the challenges facing new Prime Minister Rishi Sunak have deepened following outgoing...
By Geoffrey Smith Investing.com -- Shares in Naked Wines (LON:WINEW) jumped 26% on Thursday as the struggling wine merchant said that its measures to stabilize the business are gaining traction. The...
By Senad Karaahmetovic Global growth expectations are near all-time lows, according to the latest Global Fund Manager Survey (FMS) conducted by Bank of America. Growth expectations are up only >40pps...
By Geoffrey Smith Investing.com -- The pound fell and U.K. government bonds extended their rally on Friday after reports that Prime Minister Liz Truss will fire Kwasi Kwarteng as Chancellor of the...
By Peter Nurse Investing.com - The U.S. dollar traded in a tight range in early European trading Thursday ahead of the release of widely-watched U.S. inflation data, while sterling edged lower ahead...
By Geoffrey Smith Investing.com -- The U.K. economy contracted in August, adding more pressure on to the government and Bank of England as they try to plot a way out of a looming...
By Ambar Warrick Investing.com-- The British pound rebounded in Asian trade on Wednesday after a report said that the Bank of England signaled to bankers it may extend its bond-buying program beyond a...
By Geoffrey Smith Investing.com -- The dollar was broadly higher in early trading in Europe on Tuesday as the pound weakened amid fresh signs of trouble in the U.K. government bond market. The Bank of...
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