Pound Slumping News Today : Breaking News, Live Updates & Top Stories | Vimarsana

and 48 hours to come up with the next generation of video games. we'll be hearing from the man behind the global gamejam. hello there. we start here in the uk, where the bank of england has raised the cost of borrowing for the tenth time in a row. the half—a—percent rise puts uk interest rates at 4%, their highest level in more than 1a years. a bonus, of course, for savers, but it piles more pressure on businesses and those with mortgages, loans and credit card debt. the good news is that the bank now thinks the uk's recession will be shorter and less severe than it previously th...

The bank of england forecast for the uk economy is even gloomier than the imf projections was that we had bonds rallying, the pound slumping against the dollar, what is your assessment of the uk economy and its future? the bank of england _ uk economy and its future? tte: bank of england offered a more optimistic tone on the economy yesterday because it reduced its forecast of the recession to now be shallower rather than the 3% peak drop that it was expecting, it is expected to be about i%. unemployment is expected to be rising from the current three and a half percent level is to just over 5...