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By Geoffrey Smith Investing.com -- The Bank of England raised its key interest by 50 basis points to a new 14-year high of 3.50%, its latest shot at trying to tame rampant inflation without pushing...
By Geoffrey Smith Investing.com -- Global markets are struggling to accept the Federal Reserve's warning that it will raise interest rates above 5% next year. The dollar is nonetheless higher and...
By Alessandro Albano Investing.com - Since its mid-September peak, the U.S. dollar has experienced a phase of depreciation due to easing inflation that could lead to a slowdown in the Federal...
By Yasin Ebrahim Investing.com – The pound has racked up double-digit gains against the dollar since its trouncing in September, but it could struggle to take its momentum into 2023 as the Bank of...
By Geoffrey Smith Investing.com -- The U.K. government announced a £55 billion (£1 = $1.1845) package of tax increases and spending cuts on Thursday, in an effort to fill a yawning gap in public...
By Geoffrey Smith Investing.com -- The U.K. economy shrank for the first time in six quarters in the three months through September, as Europe's energy crisis drove inflation to its highest in 40...
By Geoffrey Smith Investing.com -- The Bank of England raised its key Bank rate by 75 basis points to 3.0%, its highest in 14 years, and warned that the U.K. economy may shrink for the next year and...
By Scott Kanowsky Investing.com -- Barclays PLC (LON:BARC) reported better-than-expected profit in the third quarter, as the lender was boosted by strong performance in fixed income trading that...
By Yasin Ebrahim Investing.com -- The pound’s rebound since hitting an all-time low may soon run out of steam as the challenges facing new Prime Minister Rishi Sunak have deepened following outgoing...
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