LONDON (AP) — The U.N.’s special envoy for climate change on Monday laid out a strategy for financing efforts to cut carbon emissions, calling on companies to be more transparent about their...
LONDON (AP) — Britain's new 20-pound (about $29) note went into circulation Thursday — one that replaces the image of a pioneering economist with a battered warship being towed away for...
LONDON (AP) — Britain's prime minister has appointed outgoing Bank of England Governor Mark Carney to a special advisory role ahead of the U.N. climate change conference to be held in Scotland in...
LONDON (AP) — Inflation in Britain has fallen to its lowest level since November 2016, official figures showed Wednesday, heightening expectations that the Bank of England will cut interest rates...
LONDON (AP) — U.K. interest rates could be cut soon to shore up an economy that's barely growing even as some Brexit uncertainty has dissipated, the Bank of England's outgoing chief hinted...
LONDON (AP) — Andrew Bailey, head of Britain’s financial watchdog, will be the next governor of the Bank of England, where his top challenge will be navigating any choppy waters during the...
LONDON (AP) — British authorities began investigating Thursday how some hedge funds got access to market-sensitive news conferences of the Bank of England five to eight seconds ahead of others -...
LONDON (AP) — The growth outlook for the British economy has deteriorated largely as a result of a gloomier global backdrop, the Bank of England said Thursday as it refrained from cutting rates in...
LONDON (AP) — Codebreaker and computing pioneer Alan Turing has been chosen as the face of Britain's new 50 pound note, the Bank of England announced Monday.
BERLIN (AP) — The German government says it hasn't decided who it wants to succeed Christine Lagarde as the next head of the International Monetary Fund.
LONDON (AP) — Bank of England Governor Mark Carney warned Tuesday that the British economy is barely growing in the wake of mounting Brexit uncertainties and intensified trade...
LONDON (AP) — The governor of the Bank of England gave his biggest hint yet that he'd back a stimulus package for the British economy if the country crashes out of the European Union at the end of...
LONDON (AP) — The Bank of England is open to letting new payment services such as Facebook's upcoming Libra hold funds overnight with the central bank, something historically limited to commercial...
LONDON (AP) — The British economy will weaken in the near-term as firms ease up on Brexit preparations now that the country's departure from the European Union has been delayed by months, the Bank...
LONDON (AP) — The British government on Wednesday started the process to appoint the successor to Mark Carney as governor of the Bank of England, and indicated it is willing to look abroad again...
LONDON (AP) — The Latest on Britain's departure from the European Union (all times local):
Britain's House of Commons has by the narrowest of margins approved a bill...
LONDON (AP) — The Latest on the Bank of England's monetary policy decision and news conference (all times local):
Bank of England Governor Mark Carney says an easing in Brexit uncertainty could give the British economy a big boost.
LONDON (AP) — The Latest on Brexit (all times local):
In a U.K. parliamentary first, British lawmakers have found the government in contempt of Parliament for refusing to publish advice from the country's top law officer about Brexit.
The House of Commons voted 311-293 in favor of a motion by opposition parties censuring the government for failing to reveal the full guidance from Attorney General Geoffrey Cox, despite an earlier vote by Parliament calling them to do so.
LONDON (AP) — The Latest on Britain's exit from the European Union (all times local):
Bank of England Governor Mark Carney says Britain is "not fully prepared for a cliff-edge Brexit."
The central bank warned in a report that the British economy could shrink by 8 percent next year in the event Britain leaves the European Union in March with no deal and no transition period to smooth the process.
LONDON (AP) — Bank of England Governor Mark Carney gave a guarded welcome to Prime Minister Theresa May's Brexit deal as he confirmed the bank would deliver its verdict on the agreement next week.
Addressing lawmakers Tuesday, Carney said the withdrawal agreement would eliminate some of the uncertainty that has surrounded the British economy since the country voted to leave the EU in June 2016. It would provide businesses the platform to plan and invest.
LONDON (AP) — The Bank of England on Friday asked the public to submit nominations of prominent British scientists to appear on a new 50 pound note.
Governor Mark Carney said the figure can come from any field of science — but "I have ruled out economists."
The current 50 pound note (worth $65) features steam-engine pioneers Matthew Boulton and James Watt.
The U.K's highest-denomination note is the last to be redesigned and switched from paper to more secure and durable polymer.
LONDON (AP) — The Bank of England warned Thursday that Britain could suffer an economic shock if it crashes out of the European Union without a deal, saying it could cause gridlock at ports and an inflation-rearing fall in the pound that could require higher interest rates.
LONDON (AP) — Bank of England Governor Mark Carney warned Friday that developments surrounding Brexit are "the most significant influences" on the economic outlook for Britain.
A day after he reportedly told Cabinet members that a disorderly Brexit could lead to economic problems akin to the 2008 global financial crisis, Carney said the bank was ready for any eventuality.
LONDON (AP) — Bank of England Governor Mark Carney all but confirmed Tuesday that he is to stay at the helm of the central bank for longer than planned to help ensure Britain leaves the European Union as smoothly as possible.
Following days of speculation about an extension beyond his planned June 2019 departure, Carney told a committee of lawmakers that during "this critical period" everyone should do what they can to help the Brexit process.
LONDON (AP) — The value of the pound fell Friday after Bank of England Governor Mark Carney said the risk of Britain leaving the European Union without a deal is "uncomfortably high."
Divorce talks between Britain and the EU have stalled amid feuding within U.K. Prime Minister Theresa May's government about how close an economic relationship to seek with the bloc after Brexit. Officials say there is a growing chance no deal will be struck before the U.K. leaves in March.
LONDON (AP) — The Bank of England raised its main interest rate Thursday for only the second time since the 2008 financial crisis as it weighed conflicting signs about the economy and growing concerns about Brexit.
LONDON (AP) — British households are around 900 pounds ($1,205) worse off than they would have been had the country not voted to leave the European Union, the top central banker said Tuesday.
As Bank of England Governor Mark Carney told a committee of lawmakers, that is a "lot of money."
LONDON (AP) — Just weeks after hinting it would raise interest rates, the Bank of England held off doing so Thursday, arguing it was best to wait after an unexpected spell of wintry weather hurt economic growth.
LONDON (AP) — The Latest on the Bank of England's interest rate decision and new economic forecasts (all times local):
Bank of England Governor Mark Carney has defended himself against a charge that his public comments on interest rate moves lack credibility.
LONDON (AP) — Being predictable is not something most people aspire to. Unless you're a central banker.
Mark Carney, the governor of the Bank of England, and his eight colleagues on the Monetary Policy Committee, are striving to become more predictable in signaling when Britain's interest rates will rise again. They had for weeks hinted that a hike was due Thursday and investors were prepared.
Then all those assumptions were dashed by weak economic figures.
LONDON (AP) — The British pound is falling from post-Brexit highs after the Bank of England's governor tempered market expectations of another interest rate hike next month.
In comments to the BBC on Thursday, Mark Carney noted some recent soft economic data, and reiterated that any interest rate rises would be gradual.
He said: "I don't want to get too focused on the precise timing — it is more about the general path."
LONDON (AP) — The Bank of England has advised European financial firms working in the U.K. to plan to operate as they do now for a period after Brexit in a little more than a year's time.
In a statement Wednesday, the bank welcomed last week's agreement between the British government and the remaining 27 members of the European Union for a transition period after Brexit until the end of 2020.
LONDON (AP) — Bank of England Governor Mark Carney on Friday launched a withering attack on cryptocurrencies such as bitcoin and urged regulators around the world to monitor them in the same way as other financial assets.
In a speech to the Scottish Economics conference in Edinburgh, Carney said a "global speculative mania" has "encouraged a proliferation of new cryptocurrencies" and said they should be held to the "same standards" as the rest of the financial system.
LONDON (AP) — Inflation in Britain held steady at a five-year high of 3 percent in the year to October, just below the level that would have forced the governor of the Bank of England to write to the government explaining why prices are rising by more than a percentage point above target.
LONDON (AP) — The Latest on the Bank of England's monetary policy decision (all times local):
Bank of England Governor Mark Carney says the global economy is "firing on most cylinders" and that, as a result, it's no surprise that many central banks are easing up on some of their crisis-era stimulus measures.
LONDON (AP) — The Bank of England is on Thursday set to raise interest rates for the first time in a decade in order to keep a lid on inflation, a move that has the potential to hurt the British economy just as it struggles with the uncertainties of Brexit.
LONDON (AP) — Inflation in Britain is set to rise above 3 percent in the next month or two due to Brexit-related price increases, the Bank of England's governor warned Tuesday, reinforcing expectations that interest rates will soon rise for the first time in a decade.
LONDON (AP) — The British economy is likely to grow more slowly than its peers in the Group of Seven until the middle of next year largely because of uncertainties related to the country's exit from the European Union, the Bank of England governor said Monday.