Bank of England

UK Economy Leans On Consumers As Brexit Drags On Business

Moving slowly in the fog of Brexit and slowing global growth, Britain’s economy is increasingly reliant on consumers and their spending, as business...

Mood Among UK Consumers, Firms Remains Fragile, Surveys Find

Confidence among British consumers and businesses remains stuck well below levels before the Brexit vote in 2016, surveys showed on Tuesday, two days befor...

UK Retail Sales Growth Strongest Since 2004 In Q2, June Disappoints

British retail sales rose the most in over a decade in the second quarter despite a drop in spending in June, official data showed on Thursday, giving the...

BOE's Saunders Sees Long-Term Economic Damage From Brexit

Bank of England policy maker Michael Saunders said the decision to leave the European Union will have a long-term effect on the economy, though there&rsquo...

Pound Slides From 11-Month High As BOE Keeps Rates Unchanged

The pound slid from an 11-month high versus the dollar and UK government bonds rallied after the Bank of England voted to keep interest rates unchanged, wh...

U.K. Inflation Rate Unexpectedly Rises To Four-Year High

U.K. inflation resumed its upward march last month, accelerating more than forecast to the fastest pace in four years. An increase in prices for compute...

UK Household Gloom Deepens As BOE Predicts Consumer Slowdown

Rising prices are tightening Britons’ purse strings and deepening their gloom about the outlook for their finances, posing a risk to domestic demand...

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