Trump Treasury Secretary Pick Scott Bessent once worked with George Soros, placing trades that bet against the pound, profiting more than $1 billion when the pound fell in value.

Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, says he is entering the race to be Canada’s next prime minister fo

The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less.

Mark Carney was the first non-British person to become governor of the Bank of England in its more than 300-year history when he took the job in 2013. He had previously worked at the investment bank Goldman Sachs, and served as the governor of the Bank of Canada, the country's central bank.

EDMONTON, Alberta (Reuters) - Former Bank of Canada governor Mark Carney announced on Thursday that he is running to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party. Carney, 59, launched his bid at an event in the western city of Edmonton, casting himself as an outsider who was not part of Trudeau's unpopular government.

The good news is not expected to last as inflation creeps up in the coming months as the rise in employer’s national insurance contributions arrives in April, higher VAT on school fees kicks in and road taxes rise. Add to that rising oil prices that could translate into higher costs for homes, transport and related services.

These are among the startling statistics revealed by the nation's central bank, which also showed that just under £10 million of notes were exchanged.

Bank of England Governor Andrew Bailey called for the world's financial powers, led by the United States and China, to avoid economic nationalism in a speech released three days before Donald Trump is due to be sworn in as U.

Bank of Japan Governor Kazuo Ueda will size up the need to raise interest rates on Friday amid heightened expectations of a hike — and barring a market shock triggered by Donald Trump’s first few days in the White House.

Newest policy-committee member recommends taking out ‘a little insurance’ amid signs of weakening demand in a fragile economy.

This week's figures come amid a particularly turbulent period for Britain's financial markets, with the value of the pound dropping significantly amid rising borrowing costs. A drop in inflation could spur the Bank to bring interest rates down, a favourable advantage for homeowners.