Andrew Bailey

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Wall Street’s main indexes gained ground in early trading. Photograph: Michael Nagle/Bloomberg

European shares rose on Wednesday after the release of strong German economic data, although concerns over a possible rise in inflation and high equit(...)

Ryanair shares rose after its chief executive Michael O’Leary told BBC Radio 4  he expected a jump in people taking overseas holidays this summer. Photograph: Jonathan Brady/PA Wire

European shares closed little changed yesterday as investors adopted caution ahead of US banking giants kicking off the country’s fourth-quarter earni(...)

Boris Johnson  and Ursula von der Leyen, president of the European Commission, ahead of a dinner meeting at the Berlaymont building in Brussels. Photograph: Aaron Chown/PA Media/Bloomberg

British prime minister Boris Johnson and European Commission President Ursula von der Leyen have finished engaging in what were characterised as crunc(...)

Bank of England governor Andrew Bailey. Photograph: Tolga Akmen/WPA Pool/Getty

Failure to reach a free trade agreement with the European Union would cause more long-term damage than coronavirus to the British economy, Bank of Eng(...)

Photograph: iStock

Britain’s unemployment rate rose by more than expected to 4.5 per cent in the three months to August, up from 4.1 per cent in the three months to July(...)

Sterling weakened against the euro and the US dollar  after official data was released  on Friday. Photograph: Getty Images

The UK’s economy grew much more slowly than expected in August, setting back its recovery from the Covid-19 lockdown, with much of what growth there w(...)

Travel stocks were also in demand, with Ryanair up 2.1 per cent and Irish Continental Group advancing 4.5%. Photograph: Cyril Byrne

European shares advanced on Thursday, with Dublin’s Iseq reaching levels not since global markets started to sell off in late February as Covid-19 spr(...)

Inflation has been at less than half the BOE’s 2 per cent target since April

The UK inflation rate fell to the lowest since 2015 last month, driven by government tax cuts and other stimulus designed to dig the economy out of th(...)

The Bank of England has unleashed a raft of stimulus measures, including slashing the benchmark rate to a record-low 0.1 per cent and raising its asset-purchase target to £745 billion. Photograph: iStock

Bank of England policy makers painted a downbeat picture of the UK’s economic outlook, warning that the nation faces a long road back from the hit of (...)

Susan  Collins (top left), provost, Univeristy of Michigan; Philip Lane (top right), member of the executive board of the European Central Bank; Tiff Macklem (bottom left), Governor of the Bank of Canada and Tharman Shanmugaratnam (bottom right), chairman of the monetary authority of Singapore, speaking during the virtual annual symposium featuring central bankers, finance ministers, academics, and financial market participants from around the world, in Jackson Hole, USA.

It was the head of Singapore’s monetary authority who best summed up the biggest fear gripping the virtual Jackson Hole conference this year. “We are(...)

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