UK faces gold shortage as traders send $82B to New York in anticipation of Trump tariffs
People can’t get their hands on gold because so much has been shipped to New York, and the rest is stuck in the queue,” one ...
Sterling treads water as markets look to Bank of England
The pound was little changed on Thursday as markets were focused on a raft of major central bank meetings that will culminate ...
Bank of England launches tool to calm gilt market in times of distress
The Bank of England launched on Tuesday a new financial stability tool that insurers and pension funds can use during periods ...
GlobalCapital5h
Bank of England's new non-bank repos could defuse market crises
The Bank of England this week opened a new facility that will, in future market crises, offer repo financing directly to ...
Remember the U.K. debt crisis under Liz Truss? Bank of England now has a formal process to handle it.
The Bank of England on Tuesday announced a new emergency measure to deal with debt-market instability like that seen during ...
Five graphs the Bank of England will assess before interest rate decision
The Bank of England's first interest rate decision of 2025 will take place next week, and investors widely expect ...
Traders bet on more Bank of England rate cuts in 2025 after data shocks
The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister ...
The Financial Times4d
UK banks clash with Bank of England over rules on loss-absorbing debt
UK banks have urged the Bank of England to dilute its plans for handling ... and will impose “significant costs” on the sector. The City of London’s clash with the central bank comes as ...
London gold market queues up to borrow central bank gold after big shipments to US
Deliveries to the US left less free-float metal in London vaults, the metal that is not owned by central banks or holdings of ...
Major bank with nearly 2million customers to HIKE credit card interest rates in weeks despite borrowing costs falling
A MAJOR bank with nearly two million customers is hiking credit card fees in weeks. This move comes despite a drop in ...
The Financial Times4d
UK Budget fallout adds to Bank of England dilemma on interest rates
So she is cutting jobs: closing a café in London, making a long-standing ... The question the Bank of England must answer is whether a weaker jobs market will finally bring down wage growth ...