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Jun 19, 2013

Bank of England, still divided, flags market impact of Fed uncertainty

LONDON (Reuters) – Bank of England policymakers acknowledged earlier this month that further market volatility could be on the way because of uncertainty about the direction of U.S. monetary policy, but came no closer to shifting their own stance.

Minutes of its latest policy meeting, released on Wednesday, show the BoE remained deadlocked over whether to restart its own asset-buying stimulus, with outgoing Governor Mervyn King again in a minority voting for another 25 billion pounds ($39 billion) of asset purchases.

Jun 18, 2013

Inflation rebounds more than expected

LONDON (Reuters) – British inflation rebounded more than expected in May, data showed on Tuesday, primarily because of rising air fares and in contrast to April’s seven-month low.

Economists found little significance of the rise, seeing the inflation outlook ahead as generally benign.

Jun 18, 2013

UK inflation rebounds more than expected in May

LONDON, June 18 (Reuters) – British inflation rebounded more
than expected in May, data showed on Tuesday, primarily because
of rising air fares and in contrast to April’s seven-month low.

Economists found little significance of the rise, seeing the
inflation outlook ahead as generally benign.

Jun 14, 2013

BoE’s Tucker to leave after losing out to Carney

LONDON (Reuters) – Bank of England Deputy Governor Paul Tucker, beaten to the central bank’s top job by Mark Carney, will stand down later this year, giving the Canadian an early chance to start reshaping the BoE’s upper echelons.

Tucker, part of the majority of policymakers which opposes further bond buying, had been expected to stand down ever since Carney, the former head of Canada’s central bank, was named in November as the surprise choice for governor.

Jun 14, 2013

Bank of England’s Tucker to leave after losing out to Carney

LONDON (Reuters) – Bank of England Deputy Governor Paul Tucker, beaten to the central bank’s top job by Mark Carney, will stand down later this year, giving the Canadian an early chance to start reshaping the BoE’s upper echelons.

Tucker, part of the majority of policymakers which opposes further bond buying, had been expected to stand down ever since Carney, the former head of Canada’s central bank, was named in November as the surprise choice for governor.

May 23, 2013

Signs of weakness mar UK economic growth

LONDON (Reuters) – Britain’s better-than-expected economic growth in the first quarter turns out to have been boosted by a rise in inventories, while consumer spending was weak and investment fell, raising questions whether the nascent recovery will last.

Britain avoided falling back into recession when official data, first released in April, showed its economy grew 0.3 percent between January and March from the previous quarter.

May 22, 2013

Plunge in UK retail sales points to fragile economy

LONDON, May 22 (Reuters) – British retail sales dropped at
their sharpest pace in a year last month, a reminder of weakness
in the country’s economy after some recent signs of recovery.

Sales of food plunged 4.1 percent from March, the worst
showing in almost two years.

May 21, 2013

Inflation falls in April, giving more leeway for stimulus

LONDON (Reuters) – Inflation fell twice as fast as expected last month, giving incoming Bank of England governor Mark Carney more leeway to support the economy with more stimulus should the recovery weaken.

Inflation eased to 2.4 percent from 2.8 percent in March, with almost half of that drop coming from weaker petrol and diesel costs. The pound fell and British government bonds rose after the figures.

May 21, 2013

British inflation falls in April, giving more leeway for stimulus

LONDON, May 21 (Reuters) – British inflation fell twice as
fast as expected last month, giving incoming Bank of England
governor Mark Carney more leeway to support the economy with
more stimulus should the recovery weaken.

Inflation eased to 2.4 percent from 2.8 percent in March,
with almost half of that drop coming from weaker petrol and
diesel costs. The pound fell and British government bonds rose
after the figures.

May 1, 2013

UK trudges towards recovery as manufacturing improves

LONDON, May 1 (Reuters) – British manufacturing almost
returned to growth in April and house prices showed their
biggest annual rise in more than a year, suggesting that a slow
economic recovery is on its way.

A senior central banker made a similar assessment of the
economy, saying it was starting to mend.

    • About Olesya

      "Olesya Dmitracova joined Reuters as a graduate trainee. She has spent a year in the Reuters Moscow bureau covering general and political news in Russia and the CIS. Since 2007 she’s been based in London, first as an investment banking reporter and since 2009, covering humanitarian crises and corruption issues worldwide for AlertNet and TrustLaw websites run by the Thomson Reuters Foundation. Before joining Reuters, Olesya had worked for the BBC World Service and regional media in Britain."
      Joined Reuters:
      2005
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