Bank of England

UK Stocks Could Plummet At 80% - Hedge Fund Manager Odey

UK Stocks Could Plummet At 80% - Hedge Fund Manager Odey

Crispin Odey is a London-based hedge fund manager. His main hedge fund has lost about 43 percent this year. He says that U.K. stocks could crash 80 percent as the economy is shaken by a recession and greater inflation after the vote to quit the European Union.

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JAPAN-BRITAIN-FINANCE-BOE-CARNEY

BoE Warns Over Post Brexit Economic Crisis, Majority Economists Also Presume Same Consequences

Just after two days of IMF cautions, BoE has warned over blink economic outlook in post-Brexit era. Prior to that BoE governor has described Brexit as the biggest domestic financial stability risk. BoE and its governor have drawn criticisms from the pro-Brexit campaigners following clear stance against leaving EU.

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Pound Seen Tumbling Whether U.K. Stays In EU Or Seeks 'Brexit'

BoE Increases Capital Buffer Ceiling To Facilitate Probable Post Brexit Lending Market

The Financial Policy Committee (FPC) of Bank of England (BoE) has warned on Tuesday about possible financial outlook after Brexit. To tackle the possible lending market debacle, the committee has raised bank’s capital buffer requirement. However, the move has been criticized by the Brexit supporters whenever the referendum poll gets nearer.

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Virgin Signs 2010 London Marathon Sponsorship Deal

Francesca McDonagh surprised by fewer women in banks' executive roles

Francesca McDonagh, head of HSBC's retail business in the UK, is astonished over the lack of female representatives in the banking sector. She is worried about the slow progress of female reps in senior posts.

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Bank of England Governor Mark Carney Presents The Quarterly Inflation Report At A News Conference

Bank of England Keep Interest Rate at 0.5% Low

The British central bank has voted on Thursday to maintain a low interest rate. The uncertainties regarding and weak global trade outlook has made the committee to decide to maintain low interest rate.

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Bank Of England Proposes Switch To Polymer Banknotes

UK's data office keen on quality, considers Charlie Bean's suggestions

The UK government and Office for National Statistics (ONS) have decided to enhance data quality. Taking central bank Governor Charlie Bean's suggestions into consideration, the British government has earmarked GBP 17 million ($24 million) investment for creating new centers of excellence.

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BRITAIN-ECONOMY-BANK-RATE

Bank of England is Predicted to Keep Interest Rate Low in Fear of Brexit

In fear of Brexit, economists predicted British central bank will keep its interest rate low. While Bank of England Governor Mark Carney warned that Brexit will damage British financial stability.

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Trading On The Floor Of The NYSE As U.S. Stocks Join Global Rally While Investors Embrace ECB Measures

Global stocks soar on rising investor confidence

Global stocks rose further as increased investor confidence propelled buying support. Investor confidence has been strengthened after the announcement of European Central Bank's stimulus plans and encouraging US economic data.

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Bank Of England Hold Press Conference On The Financial Stability Report

Bank of England has many choices to boost Britain's economy according to Governor Mark Carney

Bank of England has many choices to boost Britain's economy. The bank may slack its financial policy on fears that the country may exit the European Union.

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Key Speakers At The Bank Of England Open Forum

British Startups Need Support to Grow Into Large Cap Business

Xavier Rolet, CEO of London Stock Exchange said that startup companies in United Kingdom need support to scale up. In order to make a leap from SME into a large cap business.

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Housing Market As U.K. Asking Prices Rose An Annual 7.4 Percent in December

UK house prices up 1.7% on lower interest rates

The UK house prices rose for the consecutive second month in January 2016. The UK property market demand is growing in the wake of lower interest rates and encouraging job growth rate. The average cost of a house in the UK was up 1.7 percent in January.

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YLG Bullion International Co. Chief Executive Officer Pawan Nawawattanasub Interview And General Images Of Bullion

Over 366 tonnes of gold returned to Germany from New York and Paris

Under a supposed repatriation program, Germany is bringing back its gold reserves from the vaults of Paris and New York. Germany had stored all its bullion overseas fearing a Soviet Union attack during the Cold War. Till date, the Deutsche Bundesbank has managed to get around 366 tons to Frankfurt, which is almost half of the total reserve of 674 tons that it plans to repatriate by 2020.

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George Osborne Delivers Speech Warning Of Potential Economic Difficulties In The Coming Year

Britain Interest Rate Hike Will Be Shocking but Seems Inevitable

Bank of England has been keeping its interest rates at the lowest point at 0.5% since March 2009. However, some signals of the interest rate upsurge will be a shock to some people in Britain.

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Home sales

Despite growth in lending, UK mortgage approvals dive down

Contrary to economists' expectations, the number of approvals in UK mortgages suddenly dropped in September for the first time in the past four months. The mortgages rose significantly in August indicating the highest level since early 2014.

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UK manufacturing sector

UK factory output shrinks in Q3; exports drop

UK's performance in the third quarter further slowed down. The gross domestic product (GDP) growth rate in July-September quarter was at 0.6 percent lower than 0.7 percent in the previous quarter.

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