Pound Gains Versus Euro as Focus Turns to Central-Bank Policy

The pound posted its longest run of gains in three weeks against the euro as investors focused on central-bank monetary policy for clues on the U.K. currency’s future path.

Back to zero inflation: falling food and clothing prices drag rate back to 0%

Summer clothing discounts pulled UK inflation back down to zero last month, bringing more relief to households and taking pressure off the Bank of England to raise interest rates any time soon.

UK wages rising at fastest rate since October 2007, thinktank says

Employment figures for April due later this week are expected to show the biggest rise in real wages growth for nearly eight years, according to new analysis.

Bank of England holds interest rates at record low

The Bank of England has left interest rates on hold at their record low, as widely expected, and financial markets are now looking to Governor Mark Carney’s appearance on Wednesday for more clues on when borrowing costs will rise.

Shares and pound surge on election outcome

UK shares and the pound have jumped after the Conservatives won a parliamentary majority in the election. The FTSE 100 rose 2.32% to 7,046.82, with shares in banks and energy companies seeing big gains.

Britons should not fear rise in interest rates when they come, says BoE member

The Bank of England is prepared to raise interest rates “in the near future” if inflation picks up, one of its senior policymakers has warned.

Interest rates may be held until late 2015 as inflation likely to fall below 1%

The Bank of England has signalled that interest rates could remain on hold until next autumn as inflation is likely to fall below 1% in early 2015.

BoE's Shafik sees no significant evidence of price pressures: FT

(Reuters) - The Bank of England will need to see more signs of price pressures building in Britain's economy before it raises interest rates from record low levels, its deputy governor Minouche Shafik said on Monday.

Homemovers stranded after Bank of England mortgage payment system crashes

If you're buying or selling a house today there’s bad news from the Bank of England. Its mortgage payment system collapsed this morning, leaving potentially thousands of homemovers stranded.

Banks could face record fines totalling £1.8bn over currency rigging

Six major banks caught up in the investigation into rigging the currency markets are being pressed by the regulator to agree to fines – possibly of as much as £1.8bn – in the next eight weeks.

UK jobless rate falls to lowest level since 2008

The unemployment rate fell to 6.2% over the three months to the end of July, its lowest level since 2008, official figures show.

Inflation falls more than expected

The annual rate of UK inflation rate fell more than expected in July as the cost of clothing, footwear, food and non-alcoholic drinks eased.

Eurozone woes deepen as Spain's industry slumps

Hopes for a recovery in the eurozone suffered another blow on Wednesday with figures showing industrial output fell for a second successive month.

Bank of England cuts wage forecast

The Bank of England has halved its forecast for average wage growth, saying it now expects average salaries to rise by 1.25% this year.

UK pension funds and insurers pose risks to financial stability

Pension funds and life insurers' investment decisions pose a potential threat to UK financial stability, according to research by the Bank of England.

SFO investigates price rigging in foreign exchange market

The Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price rigging in the £3tn-a-day foreign exchange market.

Inflation in sharp rise to 1.9% in June

The rate of UK inflation rose sharply in June, pushed up by higher clothing, footwear, food and non-alcoholic drinks prices, official figures show.

Bank of England keeps UK interest rates at 0.5%

The Bank of England has held UK interest rates at a record low of 0.5% for another month.

U.K. Would Prioritize Pound in Crises, ECB Tells Court

The Bank of England and other U.K. supervisors may prioritize sterling over the stability of the euro area during a crisis, a lawyer for the European Central Bank told a court today to justify its policy on clearinghouses.

British Chambers of Commerce warns against 'hasty' rate rise

The Bank of England should not make any "hasty decisions" on raising interest rates, warns the British Chambers of Commerce (BCC).