Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Bank of England

Everything you need to know after pound hit all-time low against US dollar

The pound has hit a record low after sweeping tax cuts were announced by the chancellor on Friday. Here we explain some of the reasons behind the fall and how it affects households and businesses across the country

Daily Mirror

FTSE Live: Pound steadies, FTSE 100 closes below 7,000 for first time in 6 months

The pound has fought back from record lows touched in reaction to Kwasi Kwarteng’s tax-slashing mini budget, while according to opening calls, the FTSE 100 is expected to make modest opening gains, after managing a small overall rise by the end of the previous session.

Evening Standard

UK warned ‘significant’ rate rise is coming, as calls for mini-budget U-turn rise - as it happened

BoE chief economist Huw Pill says Bank should wait until next scheduled meeting in the first week of November rather than respond through an emergency rate hike

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Tuesday briefing: Three scenarios for the British economy after the pound slumps

In today’s newsletter: The Guardian’s special correspondent Heather Stewart talks us through the best, worst and most likely result of another chaotic day in the money markets

The Guardian - UK

Pound steadies but Kwasi Kwarteng faces massive market turmoil

The pound steadied in early trading in Asian markets on Tuesday as it climbed to $1.07 just before 6am

Evening Standard

What is Kwasi Kwarteng really up to? One answer: this is a reckless gamble to shrink the state

In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity, says Adam Tooze, an economic historian at Columbia University

The Guardian - UK

Kwarteng faces market turmoil after sterling's disastrous day

New survey puts Labour party 17 points ahead

Wales Online

Read news from The Economist, FT, and more,
with one subscription

Why is the British pound tanking as the US dollar soars?

Sharp fluctuations of major currencies inject new uncertainty into fraught global economic outlook.

Al Jazeera

Pound news – live: Punish Truss for market turmoil, says Labour as Bank vows action

Sterling rallies slightly, as Starmer says Truss has ‘lost control of the British economy’

The Independent UK

What the papers say – September 27

The national mastheads focus on market reaction to the Government’s promised tax cuts.

The Independent UK

Coins and banknotes featuring King and Queen Elizabeth II to co-circulate

Currency featuring the Queen will be replaced over time

Wales Online

Stamps and banknotes with King's image to be introduced 'sustainably'

Royal household has issued guidance

Wales Online

Dollar softens after rally but Asian stocks struggle to recover

Hong Kong (AFP) - The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to recession fears.

AFP

Kwarteng faces massive market turmoil after disastrous day for sterling

The Treasury moved to settle the markets with the promise of a Budget next spring as the pound tumbled against the dollar on Monday.

The Independent UK

Get all your
news in one place.

100’s of premium titles.
One news app.

The Independent UK

New stamps and banknotes featuring Charles’ image to be introduced

King Charles III’s image will appear on stamps, coins and banknotes in the future.

The Independent UK

Coins and banknotes featuring the King and Queen Elizabeth II will co-circulate

New banknotes featuring Charles are expected to enter circulation by mid-2024.

ABC News

ASX boosted by miners, Dow Jones index in bear market, Australian dollar comes off lows

The Australian share market regains some ground, as the Dow Jones index enters a bear market, while the Bank of England says it will not hesitate to raise interest rates. The Australian dollar falls to the lowest since May 2020.

Evening Standard

The Leader podcast: The pound drops, but will it sink or swim?

Early on Monday the pound dropped to its lowest level against the dollar since 1971.

Get all your
news in one place.

100’s of premium titles.
One news app.

AFP

UK's new PM under fire as pound sinks and BoE sounds alarm

London (AFP) - The government of new British Prime Minister Liz Truss on Monday came under pressure after the pound hit a record low against the dollar following a huge tax-cutting budget last week.

The Guardian - UK

‘It’s a major concern’: how two UK firms are facing up to pound’s crash

A craft brewer in Peterborough and a Birmingham metal stamping firm face new challenges as sterling slides

The Conversation

Sterling hits all-time low: two things can turn this around but neither is straightforward

While most people in the UK were still in bed in the early hours of Monday morning, the pound dived. It fell over 4% during Asia trading to reach its lowest ever level against the dollar of US$1.035, while also hitting €1.079 against the euro. This was an exceptional fall,…

The Independent UK

What could the Bank of England do after pound plummets to record low?

Analysts want Bank of England to increase interest rates to ‘restore credibility’ to UK economy

The Independent UK

Kwasi Kwarteng declines to comment as pound hits all-time low against US dollar

The Bank of England is expected to give a statement on the sterling’s slump

Evening Standard

Bank of England will change interest rates ‘as much as needed’ to control inflation, says Andrew Bailey

The Bank of England is watching developments in financial markets ‘very closely’, says Governor Andrew Bailey

The National (Scotland)

Bank of England says it 'will not hesitate' to change interest rates in emergency statement

THE Bank of England is preparing to make an emergency statement this afternoon after the pound plummeted to its lowest ever level against the US…

1 … 83 84 85 86

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

George Washington University

95 stories

Skipton Building Society

39 stories

Sheffield Hallam University

35 stories

Skipton

35 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.