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UK inflation falls sharply to 1.7%, below Bank of England’s target for first time in over three years

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A wet Piccadilly Circus during a rainy morning in the West End, on 26th September 2024, in London, England. Richard Baker | In Pictures |...
Bussiness

Bank of England’s rate cut is on a knife-edge even with inflation on target

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The Bank of England in the City of London.Mike Kemp | In Pictures | Getty ImagesLONDON — Inflation in the U.K. may have come...
Bussiness

British pound breaches $1.3 for the first time in a year as Labour seen ushering in stability

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LONDON — The British pound on Wednesday broke above the $1.3 level against the U.S. dollar for the first time in a year, as...
Bussiness

Bank of England holds rates in ‘finely balanced’ decision; traders up bets on August cut

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General view of the Bank Of England building in London. Sopa Images | Lightrocket | Getty ImagesLONDON — The Bank of England on Thursday opted...

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