currencies

Bitcoin breaks $8,000 barrier amid speculation over spin-off

Bitcoin breaks $8,000 barrier amid speculation over spin-off

One unit of the cryptocurrency now valued at more than six times an ounce of gold, after tenfold rise since start of 2017The price of the virtual currency bitcoin has broken the $8,000 barrier for the
Mario Draghi: eurozone growth depends on central bank support  - as it happened

Mario Draghi: eurozone growth depends on central bank support - as it happened

The president of the European Central Bank warned in a speech in Frankfurt that although the eurozone economy was ‘robust’, recovery was still heavily reliant on stimulus from the European Central
Mario Draghi: eurozone growth depends on central bank support  - as it happened

Mario Draghi: eurozone growth depends on central bank support - as it happened

The president of the European Central Bank warned in a speech in Frankfurt that although the eurozone economy was ‘robust’, recovery was still heavily reliant on stimulus from the European Central
London’s Bond Street has world’s third-highest business rents

London’s Bond Street has world’s third-highest business rents

Shopping thoroughfare overtakes Champs Élysées in Paris in ranking as tourism boom from weak pound boosts luxury sectorThe tourism boom prompted by the weakness of sterling since the Brexit vote has
Pound comes under pressure amid concerns over May's future

Pound comes under pressure amid concerns over May's future

Investors spooked by rumours of revolt by Tory backbenchers and warning from IMF about UK crashing out of EU with no dealThe pound has come under pressure on international currency markets after
Pound comes under pressure amid concerns over May's future

Pound comes under pressure amid concerns over May's future

Investors spooked by rumours of revolt by Tory backbenchers and warning from IMF about UK crashing out of EU with no dealThe pound has come under pressure on international currency markets after

Remember, Remember the Eighth of November: India’s War on Cash Assessed One Year Later

One year after India launched its demonetization debacle, the economy remains cash based, and Modi has yet to pay politically.
Marks & Spencer poised to announce more store closures

Marks & Spencer poised to announce more store closures

Falling profits and increasingly tough high street trading fuels expectations of a much bolder restructuring plan from M&SMarks & Spencer is expected to ramp up its store-closure plan next
Marks & Spencer poised to announce more store closures

Marks & Spencer poised to announce more store closures

Falling profits and increasingly tough high street trading fuels expectations of a much bolder restructuring plan from M&SMarks & Spencer is expected to ramp up its store-closure plan next
Iceland supermarkets to accept old £1 coins until New Year’s Eve

Iceland supermarkets to accept old £1 coins until New Year’s Eve

Toy retailer The Entertainer will also take round pounds until 31 December, as Royal Mint says up to 450m are still in circulationThey are no longer legal tender, but shoppers will be able to continue

Falling Pound Might Not Bring UK Trade Balance Boost

More confirmation that a cheaper pound won't help the UK's trade balance.
UK faces new £20bn budget black hole –as it happened

UK faces new £20bn budget black hole –as it happened

Weak productivity and Brexit uncertainty make it hard for chancellor Philip Hammond to see tax cuts or spending increases in next month’s Budget UK deficit to heighten pressure on
How the actual magic money tree works

How the actual magic money tree works

85% of MPs were unaware that new money is created every time a bank extends a loan. Were you? Shock data shows that most MPs do not know how money is created. Responding to a survey commissioned by
ECB halves stimulus programme; UK suffers falling retail sales and car production - as it happened

ECB halves stimulus programme; UK suffers falling retail sales and car production - as it happened

The eurozone’s central bank has halved the pace of its money-printing programme, and extended it for another nine monthsSummary: Mario Draghi’s press conferenceNEWSFLASH: ECB has cuts its stimulus
Can an interest rate rise halt UK inflation? Experts debate the data

Can an interest rate rise halt UK inflation? Experts debate the data

Two former members of the Bank of England’s rate-setting committee discuss the outlook for the UK economyProfessor of economics at Dartmouth College, New Hampshire, and member of the Bank of England’s
How has Brexit vote affected UK economy? October verdict

How has Brexit vote affected UK economy? October verdict

How has the economy reacted to the vote to leave the EU? Each month we look at key indicators to see what effect the Brexit process has on growth, prosperity and trade in the UK Continue reading...
The Brexit economy: the storm clouds are gathering

The Brexit economy: the storm clouds are gathering

Guardian analysis of key economic figures paints a picture of deepening gloom, with rising inflation denting consumer spending and investmentThe Bank of England is seriously considering raising rates
US employment falls for first time in seven years amid hurricane destruction - as it happened

US employment falls for first time in seven years amid hurricane destruction - as it happened

Non-farm payrolls fell by 33,000 last month as Hurricanes Harvey and Irma triggered a record drop in employment in the hospitality and leisure sectorsHalifax report: UK houses prices grow at fastest
US factory growth hits 13-year high, but UK economy 'loses momentum' – as it happened

US factory growth hits 13-year high, but UK economy 'loses momentum' – as it happened

Britain’s factories were hit by a jump in price pressures last month, dragging back growthLatest: US factory growth acceleratesUK manufacturing PMI drops to 55.9Factory growth has slowed as price
The Guardian view on Brexit and the Bank: the challenge of populism | Editorial

The Guardian view on Brexit and the Bank: the challenge of populism | Editorial

It is 20 years since the Bank of England gained independence. It may not survive the nationalist pressures of leaving the EUBank of England independence, announced just five days after Labour’s 1997