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Bank of England warns Brexit would damage UK growth

  Bloomberg The Bank of England cut its growth forecasts and issued its strongest warning yet that a vote to leave the European Union would hurt the economy. With just six weeks to go until Britain’s referendum, the nine-member Monetary Policy Committee, led by Governor Mark Carney, said there were more signs it was weighing on growth and clouding the ...

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British banks face money laundering crackdown

  Bloomberg Prime Minister David Cameron said the U.K. plans to make financial services companies liable for their employees’ complicity in money laundering and fraud, in an extension of proposed laws against tax evasion. Announced to coincide with an anti-corruption summit in London on Thursday, Cameron said the developed world must “get its house in order” and gave further details ...

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Pound halts decline before BOE decision, inflation forecasts

  Bloomberg The pound halted a decline versus the euro before the Bank of England announces its latest policy decision and economic forecasts. Sterling has weakened 0.8 percent versus the 19-nation shared currency this month, after strengthening in April in its first monthly gain since November. Its drop resumed as data from construction to manufacturing added to evidence that growth ...

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