Bank of England raises interest rates to 4%, the first increase for more than three years
Base rate increases from 3.75%, and Bank governor signals another rise in near future to combat rising inflation
Economy
Italy retail sales edge up 0.1% in September; Q3 volumes down 0.5%
UK real gross domestic product (GDP) is estimated to have increased by 0.1% in Quarter 3 (July to Sept), compared with growth of 0.3% in Quarter 2 (Apr to June) 2025 (Figure 1). GDP is estimated to be 1.3% higher in Qua…
US Dollar Bears Still Need the Fed to Blink
The blue wave has taken the war premium out of oil, put a bid under gold and tried to knock the dollar completely off its perch. But currencies aren't traded in a political vacuum. Until US front-end rates start losing …
‘I never understood wind’: midterms spark hope for renewables after Trump’s hostility
After years as collateral damage in Donald Trump’s war on climate action, the Democrats’ sweeping triumph in the US midterm elections has emerged as a victory for the global renewable energy industry, too.
Bank of England Likely to Join the Hiking Club
We started raising interest rates at the end of 2021 to help control inflation. Since then, it has fallen a lot and the pressures that caused price rises had eased. As a result, we were able to start reducing interest r…
WTI Price Forecast: Clinging to a key support at the 200-day SMA near $86.00
Oil prices are showing their sharpest weekly decline in months, as the landslide Democratic victory in the US midterm elections has boosted hopes of an end to the war against Iran. The US benchmark West Texas Intermedia…
Drunk and dangerous e-bike riders face on-the-spot fines under crackdown
People riding drunk or dangerously on e-bikes â and those who jump red lights - could face on-the-spot fines under plans to curb anti-social behaviour.
The Election Aftermath: Let the Market Finish Voting
Barack Obama campaigned for the U.S. presidency on a platform of change. As he prepares to leave office, the country he led for eight years is undeniably different. Profound social, demographic and technological changes…
Multiple planes diverted as bomb threats to commercial flights reported across Europe – live
And the Italian news agency Ansa reported that two more planes with links to Italy were affected by bomb threats this morning: that’s a WizzAir service from Milan Malpensa to Warsaw, which reportedly landed in Vienna, a…
Isabel Schnabel: Navigating stormy waters: reflections on monetary policy
We have moved from a world in which inflation was persistently too low to one marked by recurrent inflationary shocks; from a historically accommodative monetary policy stance to the fastest tightening cycle in the hist…
Ministers to target ‘wild west’ of ebikes blocking pavements
Ministers are seeking to end the “wild west” of parked ebikes blocking pavements, as they attempt to crack down on antisocial behaviour such as cyclists jumping red lights.
British Pound: Recovery extends toward range highs – Societe Generale
Societe Generale strategists highlight that GBP/USD has rebounded from the lower boundary of its multi‑month range and reclaimed its 200‑DMA, suggesting scope for further recovery. The bank sees resistance near 1.3555/1…
Swedish Krona: Riksbank path shifts focus to February – Commerzbank
Antje Praefcke at Commerzbank reports that the Riksbank raised its policy rate from 1.75% to 2.00% as expected and remains in restrictive mode, but the statement weakens the case for a December hike. She sees the key de…
US Dollar Downturn Lacks the Rate Ingredient
The post-midterm dollar correction requires a worsening of USD rate differentials to turn into a downturn. But as oil prices fall, other central banks are facing similar or even larger dovish repricing than the Fed. Dat…
South West Water’s failure to fix leaks ‘putting customer supplies at risk’
Repeated failures by South West Water to tackle leaks are putting customers at higher risks of losing water supplies as parts of the region remain in severe drought, regulators have said.
Second buyer makes rescue bid for Poundland as retailer faces collapse
A second buyer has made a rescue bid for Poundland as the discount retailer teeters on the brink of collapse, with thousands of jobs at risk.
FCA to explore quantum computing to tackle financial crime
A new initiative will bring together firms, quantum technology providers, and national research labs to explore practical applications of quantum computing.
USD/JPY Price Forecast: Remains close to 20-day EMA
The Japanese Yen (JPY) trades higher against the US Dollar (USD) on Thursday. In the European trade, the USD/JPY pair is down 0.3% to near 157.90. The pair faces selling pressure as the US Dollar underperforms due to fe…
Food, fuel and taxes – can the Democrats do anything to ease cost of living pressures?
Two business owners, half a country apart, want the same thing for different reasons.
Poundland’s US owner says retailer remains ‘vulnerable’, after talks with ministers
The US owner of Poundland has said the high street chain remains “challenged and vulnerable” after holding talks with ministers amid government criticism of its handling of the retailer.
Indonesian Rupiah gains as Q3 GDP beats expectations
USD/IDR remains subdued for the second successive day, trading around 18,110 during Asian hours Thursday. The Indonesian Rupiah (IDR) holds gains against the US Dollar (USD) following the release of Gross Domestic Produ…
BoE set to hike interest rate for the first time this year
The Bank of England (BoE) announced on Thursday that it raised the policy rate by 25 basis points (bps) to 4% following the November meeting. This decision came in line with the market expectation. Eight members of the …
UK found to be ‘dangerously’ reliant on China for critical minerals needed for defence and AI
The UK is “dangerously” dependent on China for critical raw materials needed for the military, renewable energy infrastructure and AI, a parliamentary investigation has found.
Piero Cipollone: Shaping the future of money
But to do this, it must be trusted. It must allow people and businesses to transact safely and efficiently. And it must evolve with geopolitical and technological developments.