LONDON (Reuters) - The U.S. Federal Reserve and Bank of England on Thursday urged global financial markets to step up efforts to shift from the scandal-plagued Libor reference rate to alternative interest rate benchmarks.
LONDON (Reuters) - Major British employers agreed pay rises averaging 2.5 percent last month, offering a more generous increase than in 2017 during the busiest month of the year for wage negotiations, industry data showed on Thursday.
LONDON (Reuters) - British inflation fell unexpectedly in April, according to data that prompted fresh questions about when the Bank of England would next raise interest rates and pushed sterling to its lowest level against the dollar this year.
LONDON (Reuters) - Bank of England Governor Mark Carney said on Tuesday he expected Britain's economy would bounce back from a weak start to the year when it was hit by heavy snowstorms, keeping the prospect of higher interest rates on the table.
LONDON (Reuters) - Automated financial advisers must provide more clarity on their fees and gather more information on a customer's financial circumstances to ensure they receive the appropriate service, Britain's markets regulator said on Monday.