Bank of England

Sterling has fallen back below $1.70 after Bank of England Governor Mark Carney sounded a more dovish tone on base rate rises.

Monetary Policy Committee member David Miles has outlined his desire for a rate rise before his exit in May 2015.

Housebuilder stocks have fallen and the pound is nearing 1.70 against the dollar as investors react to Mark Carney's change of tack on interest rates and new measures that may curb mortgage borrowing.

Chancellor George Osborne plans to allow the Bank of England to implement new measures to control accelerating house prices in the UK, as the property market shows signs of overheating.

The governor of the Bank of England has told the UK to prepare for a potential rise in interest rates this year.

The Chancellor is set to announce plans to clamp down on traders who manipulate markets, while establishing a review of how these markets operate.

Confidence in the UK financial system has hit a post-crisis high despite soaring valuations pointing towards a correction, according to the FT.

The chance of a rate rise this year has moved a step closer after one of the Bank of England's policymakers said a rise in the cost of borrowing should happen "sooner rather than later".

The official UK interest rate could settle at an average of 3% in a few years, the outgoing Deputy Governor of the Bank of England has predicted.

Britain's two state-backed banks have retreated from lending to the London property market since the financial crisis, in a sign of caution amid fears of an inflating housing bubble.