World needs to end risky reliance on U.S. dollar, BoE's Mark Carney says
Bank of England Gov. Mark Carney took aim at the dollar's "destabilizing" role in the global economy on Friday and said central banks might need to join together to create their own replacement reserve currency. The dollar's dominance of the global financial system increases the ...
Bank of England picks gay World War II code-breaker Alan Turing for new £50 bank note
Mathematician Alan Turing, whose cracking of a Nazi code helped the Allies to win World War II but who committed suicide after being convicted for homosexuality, will appear on the Bank of England's new £50 banknote, the central bank said Monday. "As the father ...
Dovish Bank of England has economists scaling back on hike views
The Bank of England's pessimistic view of the U.K. has left economists scrambling to rewrite their expectations for future action. In its Inflation Report on Thursday, the central bank cut its forecast for growth this year to the weakest in a decade and predicted a ...
Bank of England chief goes further than U.K. government in gloomy Brexit analysis
Bank of England Gov. Mark Carney has never shied away from doomsday Brexit warnings, but in his latest analysis he has gone further than ever. While the BOE and the government both assume the economy could be as much as 11 percent smaller than if ...
Markets jittery as investors rush to sell U.K. commercial property
The British pound dropped sharply to a new 31-year low on Tuesday amid concerns that the country's decision to leave the European Union might cause a steep slide in U.K. commercial real estate values and hurt the wider economy. Markets were jittery after three financial ...
Is Britain's economy heading for bubble trouble? Concerns are mounting that the country's housing market is overinflated, with London house prices rising almost 19 percent in the year to April. Bank of England Gov. Mark Carney has described the situation as the greatest risk to ...
