Political Risk and QE to Weigh on Pound, Macquarie Says

Jun.01 — Any expansion of U.K. fiscal stimulus implies an increase in Bank of England quantitative easing, according to Eimear Daly, EMEA FX strategist at Macquarie. This factor, combined with heightened political risk, will weigh on the pound, Daly said in an interview on “Bloomberg Markets: European Open.”

Scrap Bank of England inflation target to focus on GDP growth, says Jim O’Neill | CoronaNomics

The Telegraph’s economics reporter Lizzy Burden interviews Jim O’Neill, former Treasury minister. One of Britain’s most prominent economists has urged Rishi Sunak to scrap the Bank of England’s inflation target to make economic growth its primary goal as Britain attempts a recovery from the pandemic. Lord Jim O’Neill, a former Treasury minister who is understood … Read more Scrap Bank of England inflation target to focus on GDP growth, says Jim O’Neill | CoronaNomics

Negative Rates Aren’t a Credible Long-Term Solution: Mervyn King

May.21 — Former Bank of England Governor Mervyn King discusses the efficacy of negative rates as the U.K. and other nations implement economic stimulus measures to combat the fallout from the coronavirus pandemic. King, a Bloomberg Opinion columnist, speaks on “Bloomberg Surveillance.” His views are his own.

Negative Interest Rates Do More Damage Than Good: Sentance

May.21 — Andrew Sentance, senior adviser at Cambridge Econometrics and former MPC member of the Bank of England, discusses the possibility of negative interest rates in the U.K. and what negative rates would do to consumer spending. He speaks exclusively on “Bloomberg Daybreak: Europe.”

U.K.’s First Negative-Yielding Bond Sale

May.20 — Buyers of gilts in the U.K.’s first ever bond sale with a yield below 0% could see the value of their holdings plummet within hours, if Bank of England Governor Andrew Bailey repeats his opposition to negative interest rates when testifying before a Parliament committee later on Wednesday. Joyce Chang, chair of global … Read more U.K.’s First Negative-Yielding Bond Sale

UK jobless claims jump to highest level since 1996

Jobless claims in the UK has jumped to its highest level since 1996. The Office for National Statistics said the number of claims rose by 69 percent from the previous month to 2.1 million in April. It says the rise would have been steeper if the government did not pay 80 percent of the salaries … Read more UK jobless claims jump to highest level since 1996

Governor of the Bank of England, Andrew Bailey on the bank’s Covid-19 intervention | FT

The governor of the UK’s central bank tells the FT’s Chris Giles how its £200bn programme of creating money and buying back bonds has smoothed the economic shock of the pandemic, and answers conference viewers’ questions on emergency measures taken since the March outbreak. ► Check out our Community tab for more stories on the … Read more Governor of the Bank of England, Andrew Bailey on the bank’s Covid-19 intervention | FT

Consumer spending the key to reviving European economies

The UK economy shrank 5.8% in March, with the Bank of England predicting a recession and 14% contraction in the UK economy this year. FRANCE 24 business editor Stephen Carroll reports the contraction is largely in line with other European countries, with consumer spending key to getting the economy back on track. Subscribe to France … Read more Consumer spending the key to reviving European economies

Coronavirus – The Latest: Friday 8 May

Subscribe to our daily Coronavirus podcast with analysis of the impact on health, business and travel in the UK and beyond: https://www.playpodca.st/coronavirus In this episode: Lockdown extended for another three weeks, the Bank of England predicts one of the worst economic crashes in history, and could a “travel bubble” be Britons’ route to a holiday? … Read more Coronavirus – The Latest: Friday 8 May

Coronavirus warning: UK faces worst downturn for 300 years – BBC News

The Bank of England has warned that the UK is heading for an unprecedented recession. It says the economy is on course for the sharpest annual contraction for 300 years, with the coronavirus pandemic dramatically reducing jobs and incomes. The Governor of the Bank of England said the economy is expected to contract by 14%, … Read more Coronavirus warning: UK faces worst downturn for 300 years – BBC News

Bank of England warns of worst economic crisis since 1706

The Bank also expects U.K. GDP to fall by 14% in 2020, driven by a large drop in the second quarter. Insights via @CME Group : https://openmarkets.cmegroup.com/quicktake?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: … Read more Bank of England warns of worst economic crisis since 1706

UK unemployment could double as Bank of England warns of sharp recession

The Bank of England has forecast the worst economic recession since 1706, with unemployment predicted to increase from 4% to 9%. Its Governor, Andrew Bailey, also believes the recovery will be quicker than usual, with positive growth expected in 2021. #COVID19 #coronavirus #uk SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on … Read more UK unemployment could double as Bank of England warns of sharp recession

Coronavirus – The Latest: Thursday 7 May

Subscribe to our daily Coronavirus podcast with analysis of the impact on health, business and travel in the UK and beyond: https://www.playpodca.st/coronavirus In this episode: Lockdown extended for another three weeks, the Bank of England predicts one of the worst economic crashes in history, and could a “travel bubble” be Britons’ route to a holiday? … Read more Coronavirus – The Latest: Thursday 7 May

BOE Could Do More Quantitative Easing in June, Bailey Says

May.07 — Bank of England Governor Andrew Bailey says the central bank is “keeping all options open” on monetary policy. He talks about the potential for policy makers to expand quantitative easing as soon as next month, discussions about negative interest rates, and his top long-term concerns about fallout from the coronavirus pandemic. He speaks … Read more BOE Could Do More Quantitative Easing in June, Bailey Says