The Latest Breaking News from Bank of England

There is continuing market turmoil in the wake of Chancellor Kwasi Kwarteng’s mini-budget

The UK’s recession fears were fuelled today after figures showed a bigger-than-expected contraction in GDP in August.

In today’s newsletter: Liz Truss gives her first PMQs since the fiscal statement that blew up her premiership and may hope to calm colleagues. But from benefits cuts to despairing backbenchers, she has a lot to deal with

Governor Andrew Bailey warned there could be no further extension beyond the end of the week

Bank of England’s announcement triggers further uproar in financial markets as pound slips again

A number of MPs have called for the May 1 bank holiday to be pushed back until Monday May 8

Bank of England governor says UK government bond market now poses a 'material risk to UK financial stability'

Sterling fell more than a cent against the dollar to its lowest rate since 29 September

Governor Andrew Bailey sparked more market turmoil after he said Bank of England support will end on Friday.

The pound fell after the Bank of England gave pension funds a three day warning to balance their books before it removes emergency support for the bond market on Friday

Australian shares have ended the session flat after a volatile trade on Wednesday, with gains in financials outweighing losses in mining and energy stocks, while caution prevailed ahead of key US inflation data due later in the week.