The Latest Breaking News from Bank of England

The Bank of England is expected to hike its base rate by another two percentage points by the end of the year

Investors are demanding the kind of returns for lending to the UK usually associated with less stable nations

Current turmoil ‘hallmark of situations where credibility lost’, says Larry Summers

After statements from the Bank of England and the UK Finance Minister Kwasi Kwarteng on Monday, the British pound recovered slightly on Tuesday morning but remained at its lowest level in decades against the dollar. All eyes will now be on the UK central bank's November meeting and a potential…

Those on Universal Credit, Personal Independence Payment and Attendance Allowance will be impacted

The U.S. dollar is the strongest it has been in 20 years. As it strengthens, other currencies — like the pound — weaken. That's good news for U.S. consumers and importers but bad news for others.

The Royal Mint confirmed the new banknote depicting King Charles III will be unveiled by the end of the year but it will not be used at the checkouts for several years

City Comment: If you aren’t nervous, you aren’t paying attention

British pound slumps to lowest level against dollar since 1971 after Kwasi Kwarteng’s mini-Budget