Sterling

Bank of England's Breeden Warns: Weaker Sterling Could Ignite Inflation Concerns

5 days ago

In a significant statement that echoes the growing concerns surrounding the British economy, Bank of England (BoE) official Jon Breeden has voiced worries about the potential inflationary pressures linked to a declining pound sterling. During a recent event, Breeden underscored the importance of monitoring currency fluctuations as a critical factor influencing inflation trends in the United Kingdom.

Pound Weakened by Lackluster UK Growth, Prompting Rate Cut Speculations

3 months ago

The British pound has experienced a notable decline following the release of disappointing economic growth figures from the United Kingdom. The latest data indicates that the UK economy is struggling to maintain momentum, which has analysts predicting an increasing likelihood of interest rate cuts by the Bank of England in the near future.

Pound Plummets to Two-Week Low as Bank of England Hints at Further Rate Cuts

6 months ago

The British pound slumped to a two-week low in international currency markets after Andrew Bailey, Governor of the Bank of England, hinted that the central bank was ready for further cuts in interest rates to help deal with the continuous slowdown the UK economy has been facing.