Against the euro , the pound was down 0.2 per cent at 89.97 pence

Sterling fell for the third straight day on Tuesday, dragged down by a firmer dollar and concern that the new prime minister, whose identity will be (...)

Unemployment in the UK stayed at a 44-year-low of 3.8 per cent. Photograph: iStock

The UK labour market performed better than forecast in the three months to April. The number of people in work rose a greater-than-forecast 32,000 an(...)

Bank of England governor Mark Carney. The UK central bank’s monetary policy committee has ruled 7 to 2 in favour of maintaining its key interest rate at 0.25 per cent. Photograph: PA

The Bank of England ramped up its hawkish rhetoric on Thursday, warning that an increase in interest rates could happen within months if the economy p(...)

UK manufacturing has expanded at the strongest pace in four months. Photograph: iStock

UK manufacturing expanded at the strongest pace in four months in August, lifted by both export orders and domestic demand. A measure of factory outp(...)

The Bank of England cut its economic growth for this year and next to 1.7 per cent and 1.6 per cent, down from 1.9 per cent and 1.7 per cent respectively. Photograph: iStock

Sterling slumped to its lowest level since October against the euro as the Bank of England (BoE) cut its economic forecasts, prompting traders and eco(...)

The central bank is facing the first ever strike at its Threadneedle Street headquarters, with members of the Unite union scheduled to walk out for four days, from July 31st to August 3rd, in a dispute over pay. Photograph: Gareth Fuller/PA

August is traditionally the quietest time of the year in the City, but the first week of next month promises to be pretty lively, particularly for the(...)

Governor Mark Carney will speak later at the annual high-profile Mansion House even

The split among Bank of England policy makers widened this month as two officials joined Kristin Forbes in her call for a rate increase, warning that (...)

The euro has appreciated by more than 19 per cent against sterling since UK voters decided in June to exit the European Union. Photograph: Matt Cardy/Getty Images

Sterling plunged 1.2 per cent against the euro in late trading on Tuesday to hit a seven-year low of 91.4p as investors continued to fret about a hard(...)

Central bankers around the world including the Fed’s Janet Yellen (pictured) are trying to reach an annual inflation target of 2 per cent. (Photograph: Michael Nagle/Bloomberg)

Monty Bennett hasn’t seen anything quite like today’s stubbornly low inflation in his long career as a hotelier. Occupancy at the Ashford Group of Co(...)

The Office for National Statistics (ONS) said the volume of goods bought at British stores last month jumped by 6.4 per cent from November 2013

British retail sales surged at their fastest annual rate in more than a decade last month, as US-style “Black Friday” discounts drove record sales gro(...)