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.

The Bank of England has today said it will not hike rates "for some time to come" - with the base rate potentially at 2% by 2017 - as governor Mark Carney begins to alter his forward guidance policy.

Three former members of the Bank of England's rate-setting Monetary Policy Committee (MPC) have suggested interest rates could rise sooner than expected.

IFDS has appointed former Bank of England chief information officer Simon Moorhead to oversee the development of the firm's technology infrastructure and operations.

The Bank of England governor will enter the Scottish independence debate by reflecting on the currency implications of a "Yes" vote in the referendum.

FIVE THINGS

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

Adviser software provider Intelliflo has appointed David Child as a non executive director.

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.

Economist and founder of Capital Economics Roger Bootle has said that quantitative easing (QE) is not the "inflation danger" people should be worried about - the focus should be on the intentions of the government.