Bank of England Governor Andrew Bailey said on Wednesday that he expected Britain’s economy to recover its pre-pandemic level of output early next year, a little later than the central bank had predicted last month. His new forecast reflects signs that Britain’s economic recovery has slowed by more than expected Continue Reading

* BoE forecasts inflation to exceed 4% by end of year * Higher natural gas prices push up 2022 inflation outlook * Two MPC members vote for early end to QE asset purchases * Markets price in 90% chance of first rate rise by Feb * Economists say faltering growth Continue Reading

Investing.com — Global markets bounce as signs of central bank reticence to tighten policy appear, while fears of a dramatic and disorderly collapse of a property empire in China ease a little. Universal Music soars on its debut as it’s spun off from Vivendi; housing starts and building permit data Continue Reading

(Reuters) – World shares skidded and the dollar firmed on Monday ahead of a week packed with global central bank meetings, while debt troubles at property group China Evergrande dragged Hong Kong stocks towards to a one-year low. European stocks were 1.8% lower, slipping to two-month lows, with energy and Continue Reading

UK shares climbed on Friday, lifted by banks and travel stocks, as concerns about a sooner-than-expected policy tightening by the Bank of England eased after British retail sales fell unexpectedly in August. The blue-chip FTSE 100 index rose 0.6%, with banking shares .FTNMX301010 gaining after a series of brokerage upgrades and Continue Reading

British businesses have reported a sharp rise in recruitment difficulties within the space of just a few weeks – partly as a result of a continued lack of European Union workers, official figures showed on Thursday. Some 41% of companies with 10 or more staff reported greater than usual recruitment Continue Reading

Coffee prices  hit multi-year highs in 2021. In August, the commodity recorded the 10th consecutive month of surge, mainly due to concerns about weather-related supply constraints and pandemic-triggered freight cost increases. According to the International Coffee Organisation: “The level reached in August 2021 represented an increase of 51.3% since the start Continue Reading

LONDON (Reuters) – It will take a great deal of careful thought to craft a regulatory regime for the decentralised world of cryptoassets, Britain’s Financial Conduct Authority said on Monday. There appear to be two cases where regulators should have powers to take action: to reduce harm from cryptoasset promotions, Continue Reading