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RSS FeedsPound rallies after Bank of England is split on interest rates - as it happened
(The Guardian Greece)

 
 

22 june 2018 00:07:38

 
Pound rallies after Bank of England is split on interest rates - as it happened
(The Guardian Greece)
 


All the day´s economic and financial news, as the Bank of England is split over interest ratesLatest: Bank votes 6-3 to leaves rates on holdHaldane, McCafferty and Saunders vote to raise ratesEarlier:UK government borrowing has fallenEconomists: Government has more room to boost NHS spending 6.30pm BST Hello again. The pound has continued to climb, on the back of the news that three Bank of England policymakers pushed to raise interest rates at this week´s meeting. Sterling has now risen to $1.325, up three quarters of a cent today, as traders anticipate a rate rise in August (maybe).Equity markets are lower as dealers are worried about the global trade situation. The standoff between the US and China is not any closer to being resolved, and traders are fearful President Trump will turn up the heat on the EU next. 3.11pm BST Time for a recap.The Bank of England has voted to leave interest rates unchanged at 0.5%. But three policymakers, including chief economist Andy Haldane, pushed for rates to rise to 0.75%. Related: Bank of England moves closer to August interest rate rise 3.00pm BST Shares in Europe´s carmakers are sliding after Germany´s Daimler issued a profits warning, and blamed Donald Trump´s trade disputes. Related: Daimler issues profit warning on back of US-China trade dispute 2.55pm BST In other news, the boss of Intel - Brian Krzanich - is resigning after conducting a relationship with an employee.Although the relationship was consensual, it breached the chipmaker´s `no fraternisation´ policy. Related: Intel CEO Brian Krzanich quits over relationship with employee 2.52pm BST Hannah Maundrell, Editor in Chief of money.co.uk, has some advice for savers and borrowers: `Once again you can breathe a sigh of relief if you´re on a variable rate mortgage; the Bank of England just bought you some time to get a cheaper, fixed deal sorted. You´re not out of the woods yet though. With a rate rise still expected soon the clock is ticking loudly at you especi ...


 
8 viewsCategory: General > Europe > Greece
 
Pound rallies after Bank of England is split on interest rates - business live
(The Guardian Greece)
Eurozone agrees deal to bring Greece out of financial crisis
(The Guardian Greece)
 
 
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