The GBP/USD pair extends the decline to near 1.3195 during the Asian trading hours on Friday. The Pound Sterling (GBP) edges ...

The pace of global rate cuts is slowing as the European Central Bank nears the end of its easing cycle, the U.S. Federal ...

Rising rates can add hundreds to your monthly bill and derail homeownership dreams By Kendrick Ibasco Jul 05, 2025 1:00 pm Photo credit: Shutterstock.com / PeopleImages.com - Yuri A ...

The UK’s inflation rate was 3.4% in May, well above the BOE’s 2% target and the euro zone’s 2% reading in June. Meanwhile, in April, the UK economy contracted amid headwinds from global ...

Inflation has risen to 3.6% in June in what is being described as a 'hammer blow' for homeowners and borrowers.

The chance of a quarter-point rate cut at the BoE's next scheduled meeting on monetary policy in May was seen at about 84% on Thursday, according to rates futures pricing.

What the rate hike means for you In general, an interest rate hike makes borrowing more expensive. So any purchase that requires a loan — for a home, car, or higher education — could be affected.

The BoE cut interest rates last month to 4.25% in a three-way split vote. It cited "heightened unpredictability" with markets buffeted by U.S. President Donald Trump's rapidly shifting trade policy.

EXCLUSIVE: Experts have listed the best savings accounts ahead of an expected base rate cut in a few weeks' time.