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The sub-prime rate crisis in the US has plunged its housing sector to an unprecedented crisis. The mortgage market difficulties is set to trigger a global effect with David Miles, the chief UK economist of Morgan Stanley warning the UK government that.
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The Bank of England has cut interest rates by one percentage point, from 3% to 2% - the lowest level since 1951.
The move, which followed a dramatic cut in November,...
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The pound has touched another all-time low against the euro, driven by the Bank of England cutting UK interest rates as had been widely expected.
One pound was worth...
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The euro and pound surges to their highest levels in a generation against the US dollar. The dollar, meanwhile, collapsed to a record low against an average of all the...
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The rising inflation in the UK is propelling all pay deals above 4%. A report released by the Income Data Services (IDS) of England shows that the normal pay deal held...
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The Bank of England has decided to hold UK interest rates unchanged at 5.25 percent. The decision to hold the rate was also taken with a view to help the stock market...
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After falling inflation to magical 2.7 percent, Bank of England set to achieve its proposed target of 2 percent, as Bank signaled to raise Interest rates by 5.50...
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Due to steep falls in global crude oil, Inflation unexpectedly tumbled to 2.7% last month, recorded down from a 15-year high of 3% in December. Prices fell to 0.8%, all...
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A recent report has warned that if Bank of England continued to raise interest rates, UK economic growth could fall below 2 percent. The British Chamber of Commerce...
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In a surprising move, the Bank of England raised interest rates to 5.25 percent up by a quarter of a percentage point. The decision has astounded investors as the bank...
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