Bank of England

Sterling has climbed against a basket of currencies including the dollar this morning after the Bank of England altered its forward guidance policy and revealed GDP is expected to overshoot expectations.

PROPERTY

An independent Scotland would have to compromise its sovereignty if it wants to remain in a sterling-based currency union, BoE governor Mark Carney has warned.

The Governor of the Bank of England has indicated his policy of linking interest rates to unemployment could be scrapped less than six months after its creation.

The Bank of England has again moved to temper expectations of an early rate rise, despite the UK unemployment rate dropping to close to the crucial 7% mark this morning.

Some of the largest investment trusts in the UK could be set for a performance boost when loans with double-digit interest payments expire later this year.

Labour will refer high street banks to the competition authorities if it is elected in 2015, Ed Miliband, the Labour leader, is expected to say in a speech on Friday.

The Bank of England (BoE) could lower the unemployment target it has said must be reached before it raises interest rates, according to some experts, as jobless figures fall faster than expected.

Business secretary Vince Cable has warned interest rates may have to rise to hold back a "raging housing boom" in London and the south-east.

The UK's headline inflation rate has fallen to its lowest level in four years after edging down to 2.1% in November.