The Latest Breaking News from Bank of England

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,…

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

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

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

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…

Scottish paper banknotes from Bank of Scotland, Clydesdale Bank, and Royal Bank of Scotland are being taken out of circulation and the deadline is just in a matter of days.

Fall in pound will ‘worsen inflation and lengthen the cost of living crisis’, says think tank

The new Bank of England base rate of 2.25% is the highest level since November 2008.

Analysts expect Bank of England to convene meeting to raise rates with further increase in November

Neither Chancellor Kwasi Kwarteng nor Liz Truss are currently expected to publicly address the major market shift, following Friday’s mini-budget

Post Office staff are prepared for high numbers of customers with the Bank of England warning there is still £14bn worth of paper £20 and £50 notes still in circulation