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Added on the 03/11/2016 18:27:55 - Copyright : Reuters EN
The Bank of England says it will still probably cut interest rates to a fraction above zero later this year, despite signs it overestimated the initial shock to Britain's economy from June's Brexit vote. David Pollard reports.
The Bank of England's first rate cut since 2009 looks unlikely to be passed in full to borrowers, according to some. And, as Sam Vadas reports, it may not be a game-changer either.
Data confirms the UK services sector is shrinking at its fastest since the financial crisis, according to the latest survey. As David Pollard reports, a Bank of England rate cut on Thursday looks all but certain.
Stock markets have traded within sight of their highest levels this year as the prospect of stimulative economic policy across the developed world eased immediate concern over Britain's vote to leave the European Union. David Pollard reports.
U.S. Republican presumptive nominee Donald Trump says President Obama sent a “bad signal” to Britain leading up to the Brexit vote. Rough Cut (no reporter narration).
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