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Bank of England's Carney sees need for summer stimulus after Brexit shock

Business & Finance : Business Insider: Clusterstock

By William Schomberg and David Milliken LONDON, (Reuters) - Bank of England Governor Mark Carney said the central bank would probably need to pump more stimulus into Britain's economy over the summer after the shock of last week's d...

The UK Unemployment Rate Just Plunged, And The Pound Is Surging

Business & Finance : Business Insider: Clusterstock

The UK economy continues to look hot. According to official statistics, in the first quarter of the year, the unemployment rate fell to 6.9% from 7.1%. This 6.9% level is actually below the 7% threshold that the Bank of England had ...

Bank of England holds key rate steady

Business & Finance : Business Report

The Bank of England kept its support for the economy steady. ||| London - The Bank of England kept its support for the economy steady on Thursday, voting to reinvest 6.6 billion pounds of bond holdings that mature in March and sayin...

U.K. Debt Office: Stop Freaking Out About a Crisis Bill Gross, We're 'Very Comfortable' Sitting On Nitroglycerin

Business & Finance : Business Insider: Clusterstock

The head of the U.K. Debt Management Office Robert Stheeman sees little risk of a new financial crisis in England. He particularly sees the weakening pound as a shock absorber for the British economy, one that Europe's PIIGS don't h...

BANK OF ENGLAND: The oil price plunge is 'net good' for the UK economy

Business & Finance : Business Insider: Clusterstock

Oil prices have plunged by over 70% since the summer of 2014. Energy giants are suffering as British companies like BP reported a 51% fall in profits and are cutting 7,000 jobs as a result. However, Bank of England deputy governor B...

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