MPC split over interest rates
Three members of the Bank of England's interest rate-setting body kept up pressure for a cut in the cost of borrowing this month, it emerged today.
Minutes from the meet...
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Trade figures and EMU delay give sterling an exchange rate boost
Sterling bounced back on the foreign exchanges yesterday after better trade figures and a belief that Britain's entry into the single currency may be several years off sa...
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Brown's studies: exchange rates
Sterling fell on the foreign exchanges yesterday after the Treasury said the right level for the pound to join the single currency would be slightly lower than it is toda...
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US jobless level climbs, boosting rate cut hopes
Hopes of a cut in US interest rates were boosted yesterday after official figures showed unemployment in the world's largest economy climbed to its highest rate in almost...
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ECB rate cut seeks to protect fragile eurozone
The European Central Bank yesterday admitted that eurozone economies were too weak to withstand the surging single currency, when it cut borrowing costs to a record low o...
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US jobless rate hits nine-year high
The US jobless rate hit its highest level for nine years in May, official figures showed today. However, Wall Street took heart from the fact that the job losses were sma...
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ECB cuts interest rates by 0.5%
The European Central Bank today cut interest rates by 0.5% to 2% after the eurozone stagnated at the beginning of the year.
According to the EU statistics office, gross ...
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Rate cut unlikely after services rally
The prospects of an interest rate cut dimmed today as the key services sector was shown to have expanded for the second month running in May.
Service sector firms - whic...
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Breast cancer diagnoses hit all-time high but death rates fall
Breast cancer diagnoses are at an all-time UK high of more than 40,000 a year, and look unlikely to stop rising soon.
The reasons for the climb were unclear, said Cance...
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Euro-dollar rate at four-year high
The euro yesterday soared above its launch level against the dollar for the first time in more than four years, putting the European Central Bank under intense political ...
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