Bank of England steps in to stabilise markets


Britain’s new Prime Minister and Finance Minister are already facing criticism over their handling of the economy.

The International Monetary Fund has told them to reconsider their budget plans while the Bank of England has stepped in to stabilise financial markets.

“They have to potential to destabilise again unless we see some significant action from either the government or the Bank of England” Oanda’s Senior Market Analyst Craig Erlam said.



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Written by Bourbiza Mohamed

I have 26 years of experience as a professional writer and editor and have been working as a full time freelancer since 2011. I am originally from Casablanca, Morocco, and I graduated from Qatar University with a degree in journalism. I have worked for newspapers, magazines, news agencies, websites. I speak fluent Arabic, French, English, Russian and Spanish.

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