Bank of England

Today the MPC left interest rates untouched for another month in a widely expected move, while leaving quantitative easing on hold, but calls for the Bank to take a more pro-active approach to boost growth are getting louder.

The Bank of England's Monetary Policy Committee (MPC) has once again kept interest rates unchanged and quantitative easing on hold in a widely expected decision.

FUND MANAGER VIEWS

The LIBOR-rigging scandal that engulfed the banks in 2012 further dented their badly tarnished reputation and dealt another blow to public confidence, leaving investors uncertain how to play the sector.

The future stability of the global economy has been threatened by the Bank of England and six of the largest central banks issuing close to $6trn of "essentially free" money since the financial crisis, according to PIMCO's Bill Gross.

A leading thinktank has urged the government to take drastic steps to stimulate economic growth in the UK, as another forecast a 50/50 chance of a triple-dip recession.

The Financial Services Bill, which will deliver fundamental reform of financial regulation in the UK, has received Royal Assent.

The Treasury Committee has called for additional evidence to help its inquiry into quantitative easing as it widens the scope of its investigation.

UK CPI inflation remained at 2.7% in October, broadly in line with economists' expectations, as RPI inflation fell from 3.2% to 3%.

RBS currency analysts have said selling sterling against the US dollar represents a "top 2013 trade" as the pound rises to a ten-week high.