England

European markets open to close; Bank of England interest rate decision

LONDON — European stocks were slightly higher on Thursday, building on gains made in the previous session.The pan-European Stoxx 600 was up 0.3% in early trade. Retail stocks were the standout performers, gaining 2.5%, while telecoms fell 0.4%.The cautiously positive start for European stocks came after gains on Wednesday on the back of strong U.S. …

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Bank of England set for biggest rate hike in 27 years as inflation soars

LONDON, February 03: Governor of the Bank of England Andrew Bailey leaves after a press conference at Bank of England on February 3, 2022 in London, England. The Bank is expected to hike interest rates for a fifth consecutive meeting on Thursday, but faces a tough balancing act between supporting growth and curbing inflation.Dan Kitwood …

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