Computer-driven hedge funds were most likely the main winners when sterling lost a tenth of its value to a 31-year low in a matter of minutes yesterday, investors said.

The leaders of the campaign to get Britain out of the European Union sought to ease concerns about the country’s uncertain economic future by giving public backing to Bank of England governor Mark Carney and finance minister George Osborne.

As expected, the May meeting of the Bank of England’s Monetary Policy Committee (MPC) last week concluded with no changes to policy.

Mark Carney’s scope to sidestep the Brexit question is dwindling. With a referendum on Britain’s EU membership looming, the Bank of England governor has spent months trying to skirt the highly charged debate.

Bank of England governor Mark Carney has said policymakers are in no rush to raise interest rates amid a weakened world economy and slowing UK growth.

China’s economic problems are “unlikely” to derail plans to raise interest rates in the UK, Bank of England Governor Mark Carney has claimed.

British economic growth got back on track in the second quarter but the strength of the pound hurt manufacturers, putting the Bank of England in a tricky spot as it gets closer to raising interest rates.

Bank of England governor Mark Carney has raised the possibility that the UK central bank could lift interest rates from their record low before the year is out, his strongest hint yet that the bank is moving towards tighter policy.

Bank of England governor Mark Carney has suggested that interest rates could begin to rise at the turn of this year.

Bank of England governor Mark Carney said yesterday that the time for a first UK interest rate hike since the financial crisis was getting closer as economic recovery gathers pace.

British mortgage approvals surged by the most in six years in April and lending to individuals also rose sharply, underlining the clout of the country’s consumers, but also its reliance on them to drive the economy.

The UK’s annual rate of consumer price inflation fell below zero for the first time in more than half a century, official figures showed yesterday, though Bank of England governor Mark Carney said the dip was likely to be brief.

At the Bank of England, Sujit Kapadia says he’s been given free rein as governor Mark Carney pushes an overhaul of how the institution thinks about the economy.

Britain could become the first major economy to tighten monetary policy since the 2008 financial crisis, Bank of England governor Mark Carney has signalled.

Promises to end long-term homelessness have been welcomed as plans to fix up vacant properties and use state-owned buildings to keep families off the streets in the short-term were unveiled.

A generation of Irish children could grow up in emergency accommodation because of a new wave of families becoming homeless due to the housing crisis.

The governor of the Bank of England has castigated a mortgage assistance scheme similar to one being proposed by the Government.