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Business

Pound rising on reports of a mini-budget U-turn

The pound has gained as speculation about a possible U-turn on the mini-budget has increased. On Friday morning, sterling was trading above $1.13 versus the...
World

UK’s market rally could be due to a variety of factors minister says

More from Trade Minister Greg Hands, who says the rally in UK financial markets yesterday and this morning could be due to "a variety...
World

Bank of England to stop government bond-buying scheme today

Pressure on gilts - UK government bonds - eased on Thursday as the Bank of England sought to steady market sentiment by increasing its...
World

UK Foreign Secretary: James Cleverly refuses to commit to mini-budget tax cuts

As a result of the government's £45 billion in unfunded tax cuts, which were revealed last month and caused havoc in the markets, Prime...
Independent Africa

Jacob Rees-Mogg expresses ‘confidence’ in Bank of England governor Andrew Bailey but disputes pension funds ‘at risk’

The question of whether the Bank of England was correct to indicate the end of its market intervention was repeatedly avoided by the business...
World

Mini-budget: Pensions faced being wound up after economy turmoil

Pensions faced being wound up due to the turmoil in the markets following the mini-budget, the deputy governor of the Bank of England has...
Business

More mortgage lenders pull deals on rate rise fears

Santander and Yorkshire Building Society have now suspended mortgage deals after a fall in the pound fuelled forecasts of rising interest rates. The lenders join...
World

The Bank of England is expected to raise interest rates, but that is not the “million-dollar question”

Madeline Ratcliffe, a journalist for Sky News, reports that the trading floor is calmer and traders are more at ease today, however one dealer...
News

Mortgage lenders pull deals due to interest rate rise fears

Some mortgage deals have been withdrawn by banks and building societies after a fall in the pound fuelled forecasts of a sharp rise in...
Business

After the decline of the pound, the bank will “not hesitate” to boost interest rates

The pound hit a record low versus the US dollar, prompting the Bank of England to declare that it will "not hesitate" to raise...
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