Archiv: Pound Sterling (Währungssystem / currency system)


22.09.2022 - 18:18 [ ons.gov.uk ]

Total wealth in Great Britain: April 2016 to March 2018

The total net wealth of private households in Great Britain was £14.6 trillion in April 2016 to March 2018, an increase of 13% in real terms from April 2014 to March 2016, mainly because of increases in private pension and net property wealth.

22.09.2022 - 17:02 [ MarketWatch.com ]

Bank of England lifts rates by a half-point after 5-4 vote

The Bank of England decided to lift interest rates by a half-point to the highest level since 2008 in a contested decision, as the U.K. central bank joins peers across the globe in trying to bring inflation down by quelling demand.

The vote was 5-to-4 to bring rates to 2.25%, with three members calling for a 75-basis-point hike while one voted for a quarter-point increase. It was the seventh consecutive rate hike for the U.K. central bank.

17.06.2022 - 05:47 [ Tagesschau.de ]

Bank of England und SNB: Weitere Notenbanken erhöhen Zinsen

n der Schweiz ist die Inflation allerdings wegen des starken Frankens vergleichsweise gering. Im Mai lag sie bei 2,9 Prozent. Für das Gesamtjahr 2022 wird nun nach SNB-Angaben eine Teuerung der Verbraucherpreise um 2,8 Prozent erwartet. Ohne die Leitzinserhöhung würde die Prognose „deutlich höher“ ausfallen, so die SNB.

„Es wäre fahrlässig, wenn man inflationäre Entwicklung nicht berücksichtigt“, sagte SNB-Präsident Thomas Jordan.

17.06.2022 - 05:32 [ NewStatesman.com ]

Is recession the Bank of England’s only choice?

With inflation still climbing, today the Bank of England has brought out the big guns, raising interest rates by 0.25 percentage points to 1.25 per cent – pushing the cost of borrowing to its highest since February 2009. It joins the US Federal Reserve, its cousin across the Atlantic, which yesterday raised rates by 0.75 percentage points – its biggest rise in almost 30 years.

13.02.2020 - 16:08 [ Investmentweek.co.uk ]

Market Movers Blog: Chancellor resignation boosts sterling as investors expect ‚aggressive‘ fiscal spending

Commenting on the market reaction, Adam Seagrave, head of global sales trading at Saxo Markets, said: “The initial reaction has been weaker GBP but we are now seeing a rally to a new high. This is presumably the market interpreting the announcement as Boris wanting advisors who are more willing to back aggressive fiscal stimulus.”

13.09.2019 - 12:20 [ Spectator ]

Brexit is already changing the British economy – for the better

First, we learnt that the economy overall expanded by 0.3 per cent in July, significantly faster than the 0.1 per cent expected, and better than most of our main rivals. Next, we found out that the trade deficit narrowed slightly as imports fell. Finally, we learned that employment was at record highs and that wages were still growing at record rates.

05.09.2019 - 13:50 [ Telegraph.co.uk ]

Pound soars as traders welcome Johnson’s triple defeat — live updates

– Sterling surges to five-week high against dollar and euro after MPs defeat Government over no-deal
– China and US agree to continue negotiations next month, sending stock markets up
– German factory data shows continued slowdown

20.08.2019 - 16:42 [ theSun.co.uk ]

EU-CONOMY: Germany’s central bank warns EU’s largest economy Germany is on the brink of recession as car manufacturing growth plummets and Brexit batters exports

EUROPE’S largest economy Germany could crash into recession as car manufacturing growth plummets and Brexit cripples exports, its central bank has warned.

Bundesbank said that lower consumer spending and softer overseas demand has caused the economic downturn.

12.08.2019 - 22:41 [ Spectator ]

With interest rates crashing, Boris is in luck – he can borrow his way out of any Brexit crisis

Is Boris Johnson the luckiest prime minister ever? This week, the Government can borrow money for ten years at 0.48 per cent and for thirty years at 1.16 per cent. At these rates, it would irresponsible not to borrow more.