Economics / Markets

The Bank of England has sharply revised its unemployment forecasts but emphasised this does not mean it is guaranteed to hike rates once the 7% threshold is reached.

The Chancellor, George Osborne, has changed the date on which he will deliver his Autumn Statement to Parliament to 5 December.

Growth in the US will be 3% next year, predicts UBS chief investment officer Bill O'Neill, the best rate of expansion for the country since the 2008 financial crisis.

UK CPI inflation dropped to 2.2% in October, a larger-than-expected fall that sent sterling to a two-month low against the dollar.

The Bank of England is expected to raise its growth forecast for the UK to 3% following the strong recovery the country has seen.

Standard & Poor's has downgraded France's credit rating from AA+ to AA.

The Bank of England's (BoE) Monetary Policy Committee (MPC) has announced it will maintain interest rates at their historic low of 0.5%.

The European Central Bank has announced a surprise cut in interest rates to 0.25%, sending the single currency tumbling.

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