Search Results for: Bank of England
Euro hits three-month low after German data surprise
May 23rd, 2014
Asian shares hit one-year highs on Friday and bond yields were on track to notch up a broad-based rise on the week, but European markets softened after a closely watched measure of German business confidence came in weaker than ...
German regulator BaFin finds currency manipulation evidence
May 21st, 2014
BaFin, the German regulator, said it had found concrete evidence that traders attempted to manipulate the global currency market, making it the first financial watchdog to confirm that suspicions of wrongdoing have clear grounds. Raimund Röseler, the head of ...
UK inflation rate rises to 1.8%
May 20th, 2014
Higher fares for flights and ferries helped to push the rate of inflation up in April, the first increase in the rate for 10 months. The Consumer Prices Index, rose to 1.8% in April from 1.6% in March, according ...
UK economy is fast growing
April 30th, 2014
The U.K. now has one of the fastest-growing economies in the developed world. With growth expanding at a 3 percent annual rate as a strong housing market and manufacturing lead the way, the country’s economy is the envy of ...
GBP/USD – Settles Around Key Level of 1.68
April 22nd, 2014
The last few days has seen the GBP/USD slowly edge back towards the key 1.68 level after moving to a multi-year high near 1.6850 within the last week. The last month has seen a steady climb higher from a ...
U.K. Industrial Output Surges More Than Forecast
April 8th, 2014
U.K. industrial production rose more than economists forecast in February bolstered by a surge in factory output that points to a continuing economic recovery. Production increased 0.9 percent from January, when it was unchanged, the Office for National Statistics ...
FCA bans and fines trader for manipulating gilt price during QE
March 20th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority has announced that Mark Stevenson, a bond trader with nearly 30 years’ experience, has been banned from the industry and fined £662,700 for deliberately manipulating a UK government bond (gilt) ...
Dollar Strengthens as Gold Declines Before Fed Decision
March 19th, 2014
The dollar gained against most major currencies and gold fell for a third day before the Federal Reserve decides monetary policy. The ruble strengthened for a fourth day and Russian stocks fell as the nation pushed on with the ...
Investigation for possible manipulation of the foreign market in UK
March 13th, 2014
Bank of England, the UK’s central Bank has appointed a well experienced commercial lawyer to lead investigation focus on whether any Bank officials, was involved in attempted or actual manipulation of the foreign exchange market, the sharing of confidential client ...
Carney Faces Leadership Test as Currency Scandal Snares BOE
March 10th, 2014
Bank of England Governor Mark Carney will face his toughest public testimony to date as he seeks to defend the integrity of an institution that’s become embroiled in the currency-manipulation scandal. Lawmakers will grill Carney tomorrow after the BOE ...