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UK economy shrinks in Q3, raising recession risk

International Business News: The UK economy contracted in the third quarter, with a revised GDP showing a 0.1% decline from the second quarter, contrary to the initial estimate of ....

United Kingdom , Uk Economy ,

UK inflation data sees markets price in more rate cuts from the BoE

The Bank of England may be much closer to cutting interest rates than it admitted last week when three policymakers thought it still appropriate to hike again. ....

United Kingdom ,

BoE: BoE recognises CCIL as non-UK central counterparty

In an update on its website, the BoE said that the date of recognition for the CCIL was December 15, 2023, while listing out the classes of financial instruments that the local clearing house has been recognised to provide clearing services for in the UK. The BoE listed the home authority as the RBI, which is the supervisor of the CCIL. ....

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