The Bank of England is aiming for Britain's financial system to have an "ample" level of reserves rather than a scarcity or ...

If the Bank of England holds interest rates steady again next week, it would be indefensible. The UK economy is clearly ...

The figure for June marks the fastest rate of inflation, which measures how quickly prices are rising, since January 2024.

Many analysts still expect two rate cuts between now and the end of 2025, one in August and one in November, to bring the base rate down to 3.75 per cent. Rob Clarry, investment strategist at Evelyn ...

London's main stock indexes were subdued on Wednesday, as a stronger-than-expected rise in domestic inflation slightly cooled bets of interest rate cuts from the Bank of England.

The rate of annual inflation was 3.6% in June, up from 3.4% in May. Economists polled by The Wall Street Journal had estimated that inflation would hold steady.

Food and drink prices were up 4.5% in the year to June, the third consecutive increase in the annual rate suggesting that the ...

UK inflation rose to a near 18-month high in June as food prices surged for the third month running, official figures showed Wednesday. Economists said the unexpected increase could prompt the Bank of ...

The FTSE 100 faded into the close to end lower on Wednesday after a White House official told Bloomberg News that Donald ...

Britain's annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6 per cent in June, official figures showed on ...