Bank of England

Today’s weaker-than-expected UK inflation figures follow the slightly disappointing wages data we saw yesterday and as a result, the pound is falling for a second consecutive day. As we had suspected, the FTSE's selling on Monday saw no further follow-through and the index has now hit a new high on the week, no doubt supported by the weaker pound.
It’s been a relatively calm start to trading on Monday but that isn’t likely to last long with the rest of the week packed full of major economic and political events that should ensure markets remain quite volatile.
Sterling’s price action this week can be described as messy, as rocky Brexit negotiations between the United Kingdom and Brussels, left investors on edge.
Sterling found itself vulnerable to heavy losses during Wednesday’s trading session after UK wage growth figures disappointed, remaining steady at 2.1% in the months up to July
Britain-based banks should take steps to ensure they do not have to curb lending suddenly if the country leaves the European Union in a disorderly way, the Bank of England said on Monday as Prime Minister Theresa May prepares to start Brexit talks.
Tuesday was a day of two halves for the pound: the currency was trading lower at the start of the session only to turn around violently during the afternoon session.
Super Thursday marks the day once a quarter when the Bank of England announces its latest monetary policy decision, releases the minutes of the meeting, its quarterly inflation report including new forecasts and Governor Mark Carney chairs a press conference. Needless to say, it’s often quite an eventful day, particularly in post-Brexit Britain when so much uncertainty exists for the economy.
The fast-growing financial technology sector presents potentially major "systemic risks" that need to be addressed by bank regulators around the world, Bank of England Governor Mark Carney said on Wednesday.
Investors sold sterling and stocks in Europe and Asia on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain's departure from the European Union and the policies of U.S. President-elect Donald Trump curbed appetite for risk.
The heightened hard Brexit fears have triggered a steep Sterling selloff during the early trading hours of Monday with the British pound/U.S. dollar (GBP/USD) currency pair tumbling to a fresh three-month low at $1.1983.