BANK OF ENGLAND MONITORING HOUSING MARKET BOOM OF UNITED KINGDOM

Highlights:

• The Bank of England is monitoring the booming housing market of United Kingdom
• The monitoring comes as it has been weighing up the possibility that, a rapid covid-19 pandemic recovery will lead to inflation

One of the dep...

U.S. ECONOMY RECOVERING BUT RISING COVID-19 CASES STILL A THREAT SAYS FED CHAIR POWELL

Highlights

• Powell said “We do see the economy continuing on a solid path of recovery, but the main risk we see to that is clearly the further spread of the disease here in the United States.”

• Powell made these comments at a virtual conference hosted b...

BANK OF ENGLAND TO RECEIVE HELP FROM ACCENTURE

HIGHLIGHTS

• The Bank of England has hired IT Accenture
• Accenture will help the Central Bank of UK to refresh a key part of the payments system.
• Accenture will overhaul the RTGS service for the bank.
• The deal is worth up to £...

BANK OF ENGLAND ANNOUNCES A NEW STIMULUS PACKAGE

Highlights

• It is an attempt to help the United Kingdom economy
• It is severely affected by the coronavirus pandemic

COVID – 19 pandemic has adversely affected the United Kingdom's economy. The Bank of England has announced a...

BANK OF ENGLAND ANNOUNCES BOND-BUYING PROGRAMME

Highlights –

• To fight COVID-19 pandemic crisis, BoE has announced a bond-buying programme.
• BoE plans to buy at least $125 billion bonds.
• BoE is also trying to steer inflation back to its 2% target.
• BoE hopes to keep th...

BANK OF ENGLAND ANNOUNCES BOND-BUYING PROGRAMME

Highlights –

• To fight COVID-19 pandemic crisis, BoE has announced a bond-buying programme.
• BoE plans to buy at least $125 billion bonds.
• BoE is also trying to steer inflation back to its 2% target.
• BoE hopes to keep th...

BANK OF ENGLAND COLLABORATE WITH COMICS – DENNIS THE MENACE

Highlights –

• Bank of England will collaborate with comic books to teach about financial literacy.
• The idea is aimed towards school-going children aged between 5-11 years.
• This would help teachers instill confidence i...

THE UK's GDP SLUMPS 20.4 PERCENT IN APRIL COURTESY OF COVID-19 LOCKDOWN

Highlights

• April was the first month, when the UK saw complete lockdown with almost no economic activity

• Post-COVID, social distancing and no-deal Brexit complications will impact the country’s pace of economic recovery

• According to the OEC...

MOST OF AREAS IN LONDON WILL REMAIN CAR-FREE TO AID SOCIAL DISTANCING

Highlights

• Most of pavements in the London’s financial district are extremely narrow and over 522,000 people work here

• Shutting roads for cars will leave people with the option of walking, cycling or public transport

• The City of London Coun...

UK ECONOMY OBSERVES IMPACTS OF CORONAVIRUS OUTBREAK

Highlights

• Fears of cash flows are rising
• MSCI’s All-Country World Index plunged by 12.4% last week 

Financial markets face another volatile week. It was on account of the escalating coronavirus crisis. It...

Bank of England hints an Interest rate cut in response to Brexit hit

Ms. Silvana Tenreyro, Policymaker, Bank of England, stated that if the economy slows down then she would support the move. 

She states that the November forecast of the bank on recovery in demand assumes that this year, the UK moved to a free trade agreement with t...

3 Significant Signs That Precede the Fall of World Reserve Currencies

A genuine case of this is the situation of the British pound, which preceding turning into a saves cash was abandoned silver to paper with the production of the Bank of England. The bank was made in the wake of pulverizing military annihilation because of France, and England wished to back the pr...