Keywords: Bank of England


UK inflation rises as energy costs and Middle East tensions weigh on prices

The United Kingdom’s annual inflation rate increased to 2.9% in July 2026, up from 2.6% in June, as higher energy costs added pressure to household budgets and concerns over the economic impact of the conflict involving Iran continued to influence market expectations. The latest increase came......

UK inflation expected to rise as higher energy costs put pressure on households

British households are facing renewed financial pressure as higher energy costs are expected to push inflation sharply higher in July, according to economists' forecasts. Official figures due to be released this week are expected to show consumer price inflation rising to around 2.9% in July, up......

Bank Of England holds rates steady as growing Hawkish bloc signals inflation concerns

The Bank of England opted to leave its benchmark interest rate unchanged on Thursday, maintaining the policy rate at 3.75%, but the latest vote revealed a stronger push within the central bank for tighter monetary policy as geopolitical risks threaten to reignite inflationary pressures. While financial......

Sterling edges higher against euro before Bank of England decision as dollar gains on geopolitical tensions

The British pound traded mixed on Thursday as investors positioned themselves ahead of the Bank of England's latest monetary policy announcement. While sterling strengthened against the euro, it retreated versus the U.S. dollar as heightened geopolitical tensions in the Middle East boosted demand......

UK inflation expectations fall further in July, easing pressure on Bank of England

Public expectations for future inflation in the United Kingdom continued to decline in July, according to a new survey, offering a potential signal of easing price concerns for the Bank of England as it evaluates the country's economic outlook. The latest survey from Citi and polling firm YouGov......

Sterling holds firm as Andy Burnham prepares to become UK prime minister

The British pound traded in a narrow range on Monday as financial markets monitored a major political transition in the United Kingdom, with Andy Burnham set to succeed Keir Starmer as prime minister. Currency traders showed little immediate reaction to the leadership change, instead focusing on the......

Sterling remains near two-month peak as UK fiscal worries ease

The British pound remained close to its strongest level against the U.S. dollar in more than two months on Thursday, supported by improving market sentiment over the United Kingdom’s fiscal direction and reduced concerns about government spending plans. Sterling traded slightly lower against the......

Venezuela urges King Charles III to release frozen gold reserves for earthquake recovery

Venezuela's interim president Delcy Rodríguez has appealed to King Charles III to facilitate the release of approximately 30 tonnes of Venezuelan gold held at the Bank of England, arguing that the assets are urgently needed to finance reconstruction efforts following the country's devastating......

Bank of England warns artificial intelligence could pose growing risk to financial stability

The Bank of England has warned that the rapid expansion of artificial intelligence could create new risks for financial stability, as investors increasingly place large bets on the technology while banks become more exposed to potential cyber threats. In its latest half-yearly assessment of risks facing......