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UK demand for credit cards and mortgages is collapsing as Brits brace themselves for the shock of Brexit
The UK housing market has slowed to its lowest level in nearly a decade as Brexit fears freeze demand for mortgages and credit cards.
The central bank's nine-member Monetary Policy Committee voted unanimously to leave rates on hold at 0.75%.
Venezuela really, really wants its $550 million of gold back. And it’s going to the Bank of England to get it.
Venezuela's finance minister and central bank governor are set to meet a Bank of England official. The bank is seeking "clarity" before returning it.
The UK economy could slump 8% into the worst recession since WWII after a no deal Brexit, Bank of England warns
It would push the pound to its lowest level in history.
The deepening economic crisis in Venezuela means the government really wants to repatriate its gold reserves, worth more than $500 million.
The Bank of England left its base rate of interest at 0.75% on Thursday, as markets had been expecting.
‘If you want to worry about something, this is it’: Central banks and investors are warning about the $1 trillion boom in ‘leveraged...
The Bank of England is not alone in being alarmed. Australia's central bank and the Bank of International Settlements have also noted the soaring use of leveraged loans, which now stand at more than $1 trillion.
‘As catastrophic as the financial crisis’: Here’s what Mark Carney warned politicians will happen to the UK economy after a no deal ...
On Thursday, Bank of England Governor Mark Carney privately warned the government of the potentially dire economic consequences of a no deal Brexit. Here are the most important points.
The Bank of England will shortly announce the latest decisions taken by its rate setting Monetary Policy Committee, with interest rates universally expected to remain on hold.
"I’m delighted that the Governor has agreed to stay in his role for a further seven months to support a smooth exit from the European Union and provide vital stability for our economy," Chancellor Philip Hammond said in a statement.