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Nov 6, 2015

Bank of England shies away from early 2016 rate rise

LONDON (Reuters) – The Bank of England made no move towards an early interest rate rise on Thursday, saying Britain’s near-zero inflation would pick up only slowly, even if borrowing costs stay on hold throughout next year.

Governor Mark Carney, who had previously said a decision on whether to raise rates would come into sharper focus around the end of this year, was vaguer this time, saying simply that the BoE would move when the time was right.

Nov 5, 2015

Bank of England sees little inflation pick-up, markets push back rate bets

LONDON, Nov 5 (Reuters) – The Bank of England gave no sign
that it was in any more of a hurry to raise interest rates on
Thursday, predicting near-zero inflation would pick up only
slowly even if borrowing costs stay on hold all of next year.

Sterling fell sharply after the BoE’s announcement, which
contrasted with the tone of the U.S. Federal Reserve, whose
chair Janet Yellen said on Wednesday that a U.S. rate rise was a
prospect for December.

Nov 5, 2015

Bank of England sees little inflation pick-up, rate-setters stick to positions

LONDON (Reuters) – The Bank of England gave no sign that it was in any more of a hurry to raise interest rates on Thursday, predicting near-zero inflation would pick up only slowly even if borrowing costs stay on hold all of next year.

The British central bank’s tone contrasts with that of the U.S. Federal Reserve, whose chair, Janet Yellen, said on Wednesday that a U.S. rate rise was a prospect for December.

Nov 5, 2015

Mourinho amazed as Chelsea fans rise to hail their Special One

LONDON (Reuters) – Under-fire Chelsea coach Jose Mourinho said he was amazed by a mass show of loyalty towards him from supporters as the struggling London side fought their way to victory over Dynamo Kiev in a Champions League Group G match on Wednesday.

The 40,000 home fans at Stamford Bridge gave Mourinho a standing ovation in the final minutes of the 2-1 win over the Ukrainian champions having chanted their support throughout the match for the man they still revere as the “Special One”.

Nov 4, 2015

Soccer-Mourinho amazed as Chelsea fans rise to hail their Special One

LONDON, Nov 4 (Reuters) – Under-fire Chelsea coach Jose Mourinho said he was amazed by a mass show of loyalty towards him from supporters as the struggling London side fought their way to victory over Dynamo Kiev in a Champions League Group G match on Wednesday.

The 40,000 home fans at Stamford Bridge gave Mourinho a standing ovation in the final minutes of the 2-1 win over the Ukrainian champions having chanted their support throughout the match for the man they still revere as the “Special One”.

Oct 31, 2015

Mourinho says he does not expect sack at Chelsea

LONDON (Reuters) – Chelsea coach Jose Mourinho’s said he expected to be given time to turn around the defending English champions’ dreadful start to the season after a 3-1 home loss to Liverpool on Saturday.

With rumours of emergency news conferences spreading like wildfire, Mourinho remained tight-lipped about his future but asked by a reporter if he expected to be dismissed, the three-times Premier League winning coach said: “No, I don’t.”

Oct 31, 2015

Soccer-Mourinho says he does not expect sack at Chelsea

LONDON, Oct 31 (Reuters) – Chelsea coach Jose Mourinho’s said he expected to be given time to turn around the defending English champions’ dreadful start to the season after a 3-1 home loss to Liverpool on Saturday.

With rumours of emergency news conferences spreading like wildfire, Mourinho remained tight-lipped about his future but asked by a reporter if he expected to be dismissed, the three-times Premier League winning coach said: “No, I don’t.”

Oct 30, 2015

Carney may need help from friends as BoE readies new rates signal

LONDON, Oct 30 (Reuters) – Bank of England Governor Mark
Carney may be hoping for a bit more dissent from fellow
rate-setters as he prepares to explain next week why the central
bank is keeping interest rates at a record low for an 80th month
in a row.

Already more than six years after the BoE’s benchmark rate
was chopped to 0.5 percent during the financial crisis,
investors are betting it will not rise again until early 2017.

Oct 26, 2015

UK factory orders show biggest quarterly fall in three years -CBI

LONDON, Oct 26 (Reuters) – British factory orders suffered
their biggest fall in three years in the three months to October
as a slowdown at home compounded export problems, according to a
survey that suggested manufacturing’s drag on the economy could
worsen.

The Confederation of British Industry’s quarterly industrial
order book balance fell to -8, down sharply from +9 in July and
its lowest level in three years.

Oct 23, 2015

Fed will weigh up ECB’s stimulus push as it readies rates message

LONDON (Reuters) – The European Central Bank’s signal that more stimulus is coming for Europe’s economy could complicate the U.S. Federal Reserve’s own message this week about when it might move in the opposite direction.

ECB President Mario Draghi caused the dollar to jump against the euro on Thursday when he said the ECB was studying new ways to fight off deflation and spur growth that may be announced as soon as December.