By: Jake Cordell

I'm City A.M.'s economics reporter, looking at the news, stories and data that move markets in the UK, Europe and around the globe. I also cover broader developments in the business and political worlds at home and abroad.

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Bank of England becomes first central bank to launch a fintech accelerator

June 17, 2016

The Bank of England has launched a fintech accelerator today to help startups with a plan to shake up central banking get the support and backing of Threadneedle Street. The Old Lady is the first central bank in the world to create such a programme, as it opens its doors to fintech firms working on [...]
Sterling soars and markets jump as EU referendum campaigns on hold

June 17, 2016

Sterling has risen against the dollar and the FTSE 100 is back above 6,000 points this morning, as the markets respond to the death of Jo Cox, and the EU referendum campaign takes a pause. The pound climbed to $1.4301, up 0.7 per cent overnight, as market chatter and hearsay suggested traders believe the suspension [...]
IMF head Christine Lagarde says EU makes Britain richer, vibrant and more exciting

June 17, 2016

Christine Lagarde has championed the UK's membership of the European Union, and called on Europe to counter the populist and insular mindset sweeping the continent. In a speech in Vienna this morning, the managing director of the International Monetary Fund (IMF) said there was a "clear case as to how the UK has benefited — and will continue [...]
Europe signs off on €7.5bn finance package for Greece

June 17, 2016

European leaders have signed on the dotted line to unlock the latest tranche of Greece's bailout funds this morning. The beleaguered nation will get its hands on €7.5bn (£5.9bn) next week after technocrats from the European Stability Mechanism (ESM) – the body in charge of administering the Greek bailout, based in Luxembourg – approved the deal today. Finance [...]
Mark Carney scraps original Mansion House speech after death of Jo Cox

June 16, 2016

Governor of the Bank of England Mark Carney will not deliver his planned Mansion House speech this evening after Labour MP Jo Cox died following an attack in her West Yorkshire constituency office this afternoon. Carney was expected to use his annual address – a fixture of the City’s financial and social calendar – to talk about [...]
US inflation still going strong as prices rise for third straight month

June 16, 2016

Higher petrol prices and a weaker dollar helped US inflation stay hovering around the one per cent mark in May, official statistics out this afternoon confirmed. Prices rose by 0.2 per cent over the month in the world's largest economy, but the annual rate of inflation slipped back from 1.1 per cent to one per [...]
Yen hits two-year high as Brexit fears hold back the Bank of Japan

June 16, 2016

The Japanese yen surged to its strongest level against the dollar in two years after the Bank of Japan (BOJ) held off from tinkering with monetary policy until after the UK's EU referendum. The yen was up by 1.8 per cent against the US dollar this afternoon, trading at ¥104, as investors flocked to the [...]
End of deflation in sight for Eurozone as it edges back to stagnant prices

June 16, 2016

The Eurozone took a tiny step towards inflation in May, as official figures showed the single currency bloc tip-toeing back towards normality. Inflation is still in negative territory, with prices falling by 0.1 per cent over the last twelve months, according to figures released by Eurostat, but this was a very slight improvement on the minus 0.2 per [...]
Bank of England in last-ditch Brexit warning as it holds interest rates

June 16, 2016

Brexit is not only the most serious threat to the UK economy, but it is potentially the biggest risk to global financial stability, the Bank of England said today in another warning ahead of next week’s In/Out vote. Amid signs referendum nerves have shaken markets to their core, the Bank said volatility looks set only [...]
Mark Carney and Vote Leave trade blows over Bank of England’s referendum interventions

June 16, 2016

Mark Carney has clashed with a top Brexit campaigner over the Bank of England's role in the referendum campaign in a tense exchange of letters, revealed this morning. Bernard Jenkin, a director at the official campaign group Vote Leave, wrote to the governor of the Bank of England earlier this week raising concerns he would make [...]

Missing US airman rescued as Trump warns “all hell will rain down”

Back of the Netflix: Sports content is fuelling wave of ad-funded streaming

Barbican Centre: the brutalist landmark weaving art into everyday London life.

By: Jake Cordell

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