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FTSE 100 closes in positive territory after BoE decision to keep rates unchanged
The UK blue chip index finished in the green but the pound falls sharply after central bank's decision not to raise the cost of borrowing
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The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people. The Bank was established in 1694 to act as banker to the Government. We are still owned by the Government, but we set monetary policy independently.
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FTSE 100 closes off lows; Wall Street mixed awaiting Fed monetary policy decision after upbeat data
At the close, the UK blue-chip index was 25.92 points, or 0.4% lower at 7,248.89, below the day’s peak of 7,277.64 but above the session low of 7,235.32
US stocks end higher as investors extend gains into November
At the close, the Dow rose 94 points to 35,914, while the S&P 500 gained 8 points at 4,614 and the tech-heavy Nasdaq advanced 98 points to 15,596
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Still all about banks in coming week as Bank of England finally deciding on interest rate, Standard Chartered posting update
More FTSE 100 companies will be in focus with British Airways owner IAG, BT, BP, Sainsbury’s and Next all on the corporate calendar
UK mortgage approvals fall less than forecast in September, but borrowing grows
Net mortgage borrowing rose to £9.5bn last month from a revised £4.4bn the previous month, well above market expectations of £6bn
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Sunak Delivers Johnson-Style Budget That Ramps Up U.K. Spending
“We need to strengthen our public finances so that when the next crisis comes, we have the fiscal space to act,” Sunak said. He also said the country hasn’t yet turned the corner on infections, warning of “challenging months ahead.”
Autumn Budget: What to expect from Rishi Sunak on Wednesday
If he’s feeling generous, the Chancellor could extend a number of tax breaks that are due to come to an end this month
Investments and investor services
New long-term asset funds will only be available to sophisitcated and professional investors
The main buyers for LTAFs will be large pension default or DC pension funds, analysts said
Budget: Chancellor to keep purse strings tight even with unexpected windfall
Public sector borrowing for the first six months of the 2021/22 year dropped to £108bn
Green bonds get thumbs down from experts due to paltry interest rate
"NS&I is relying on savers who are willing to pay a price for going green with their savings"
UK inflation could hit 5% warns Bank of England chief economist
Analysts expect the central bank to raise interest rates at its rate-setting meeting on 4 November
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FTSE 100 closes marginally ahead as traders brush aside inflation fears
London’s main index is on course for its tightest daily range this year - thought there's lots happening beneath the surface
Bank of England to hike rates next month, Goldman Sachs predicts
The Bank's monetary policy committee will next meet on 4 November and 16 December
Bank of England 'will have to act', says governor Andrew Bailey
Markets were already pricing in an initial interest rate increase by the end of the year
Cryptocurrency markets need to be regulated - and soon - warns Bank of England's deputy governor
Jon Cunliffe said the publication last week by CPMI-IOSCO of a consultation document on proposed standards for "stablecoin" arrangements was a good start towards regulation
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FTSE 100 ends lower but off worst as Wall Street edges higher; IMF cuts growth estimates
At the close, the UK blue-chip index was 16.62 points, or 0.2% lower at 7,130.23, below the day’s peak of 7,146.05 but well above the session low of 7,063.43
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FTSE 100 closes in the red as markets fall globally on broad investor sell-off
By the close, the UK blue-chip index was 35.30 points or 0.5% lower at 7,028.10
Bank of England’s Woods says UK banks’ exposure to Evergrande ‘not material’ - report
"I am very cautiously optimistic the Chinese authorities will want to find a way through it that doesn't create a kind of major issue," Woods told Reuters
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FTSE 100 ends lower as rising inflation offsets gains by BP and Royal Dutch Shell
The UK blue chip index closed lower with inflation rate hitting a 19 year high and ongoing concerns about the Delta variant
UK banks could see ring-fencing rules relaxed - report
Those advocating for a watering down of the rules see it as a potential boost for the sector and hence the economy as it would give the banks more leeway to operate in capital markets