The Latest Breaking News from Bank of England

The rate of consumer prices index (CPI) inflation rose from 9% in April to 9.1% in May.

Martin Lewis is urging borrowers to “act now” if they’re on a fixed rate deal that will end soon, or if you’re on a variable rate. It comes after the Bank of England hiked interest rates to 1.25%

UK inflation has hit 9.1% in further misery for struggling households as the cost of living crisis deepens in the UK. But what does high inflation mean?

The consumer prices index (CPI) measure of inflation rose in the 12 months to May to 9.1% - its highest level since 1982, as the cost of living crisis continues

Higher food, energy and record petrol prices push up inflation in May, as bread, cereal and meat become more expensive

EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation

I’m tempted to look at a higher time frame chart of GBP/USD and say it looks cheap. Whether the pound has fallen due to the flash crash or COVID-19 concerns, buyers have always been quick to snap up GBP/USD anywhere between 1.24 and 1.16 levels. That might ultimately hold out…

Potential homeowners could find it easier to be approved for a mortgage as lenders are allowed to scrap an affordability test, the Bank of England has confirmed

The Bank of England has confirmed the change to mortgages