Bank of England

Bank of England

The Bank of England (formally the Governor and Company of the Bank of England) is, despite its name, the central bank of the whole of the United Kingdom and is the model on which most modern, large central banks have been based. It was established in 1694 to act as the English Government's banker, and to this day it still acts as the banker for HM Government.

Articles About Bank of England

John Lewis
John Lewis Sales Defy Dismal UK High Street Mood

By IBTimes UK

John Lewis online performed particularly well as the department store seen another consecutive week of double-digit sales growth. (9:59 am)

MORE TOPICS: RETAIL SALES, GDP, RETAIL

US Dollar Over Valued

By LiveTradingNews

10-Yr: -02/32..1.759%.. USD-JPY: 79.53.. EUR-USD: 1.2532. The USD index has rallied back to session highs near 82.35 as Greek worries are once again weighing on the euro. EUR-USD is -55 pips at 1.2530 as uneasiness over the possibility of Greece exit... (8:33 am)

EU Morning Report- Euro remains under pressure

By Easy Forex

 The euro (EUR) dropped to a two year low falling to 1.2515 from 1.2619 against the US dollar as uncertainty in the market grows. The single currency is under pressure as investors are worried about a problematic banking sector in the eurozone and a messy Greek exit from the euro. Economic figures . (8:28 am)

MORE TOPICS: GOLD, FTSE, S&P, GERMANY, MANUFACTURING, QUANTITATIVE EASING

London Olympics Torch Design
Tokyo, Madrid, Istanbul Vie For Olympic (Pot Of) Gold

By IBTimes

Do host cities make money? (7:13 pm)

MORE TOPICS: GOLD, UNEMPLOYMENT, GDP, JAPAN, AUSTRALIA, EARTHQUAKE

BoE's Miles says gilt purchases still effective

By Reuters UK

Bank of England policymaker David Miles said on Thursday that he believed that conducting quantitative easing via gilt purchases was still the best way for the central bank to stimulate the economy, rejecting calls to buy other assets. (3:28 pm)

MORE TOPICS: GDP, INTERNATIONAL MONETARY FUND, QUANTITATIVE EASING

Free UK banking may have to end - BoE Bailey

By Reuters UK

Britain may need to call time on free bank accounts as poor transparency on fees could be fuelling the mis-selling of financial products, a top banking regulator said on Thursday. (3:21 pm)

MORE TOPICS: BARCLAYS, HSBC, ROYAL BANK OF SCOTLAND, RETAIL

Euro Struggles As EU Summit Disappoints, Sterling Carving Higher Low?

By DailyFX

The EU Summit failed to prop up the Euro amid the ongoing rift within the group, and we may see European officials continue to act in their own interest as the anti-austerity movement gathers pace. As French President Francois Hollande and Italian Pr... (3:02 pm)

MORE TOPICS: TWITTER, GDP, EUROPEAN CENTRAL BANK

British recession deepens as euro zone woes mount

By Reuters UK

A slump in construction output drove Britain even deeper into recession than initially thought in the first quarter of this year, raising the chance the Bank of England will inject more cash to prop up the faltering economy. (2:07 pm)

MORE TOPICS: IMF, HSBC, GDP, INTERNATIONAL MONETARY FUND, QUANTITATIVE EASING, MORTGAGE

Weaker euro zone economy sends dollar higher
Weaker Euro Zone Economy Sends dollar Higher

By Reuters

The U.S. dollar climbed to a 20-month high and safe-haven German bonds set record low yields, after data showed Europe's economic woes intensifying as business confidence is undercut by talk of a Greek exit and slow progress in tackling the debt crisis. (1:36 pm)

MORE TOPICS: CHINA, CRUDE OIL, GERMANY, EUROPEAN UNION, GDP, EMERGING MARKETS

BoE's Bailey says free banking may have to end

By Reuters UK

Public intervention could increase competition in UK banking and end the "dangerous myth" of free accounts, which may be fuelling product mis-selling, a top Bank of England official said on Thursday. (May 24)

MORE TOPICS: BARCLAYS, HSBC, ROYAL BANK OF SCOTLAND, RETAIL

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