Traders are moving so much gold from the Bank of England to the U.S. to avoid Trump tariffs that the waiting time has reportedly octupled
Investors are reportedly waiting up to eight weeks to unlock their gold and ship it to the U.S.
Yen set for best January since 2018; dollar firm ahead of tariff deadline
The yen was set for its best January performance since 2018 on Friday, driven by the expectation for Japanese interest rates ...
Bank of England readies rate cut and could hint at more to come
The Bank of England looks likely to cut interest rates next week, when it could also nudge investors to expect faster ...
The Pound’s Slump Adds to Inflation Headache at Bank of England
The Bank of England faces an extra dilemma ahead of next week’s interest-rate decision, with the slump in the value of the ...
Pensions&Investments2h
Bank of England tackles financial literacy problem with quiz
“The Bank of England has an important role to play in improving financial literacy in the U.K.,” said Andrew Bailey, governor ...
Nationwide reveals what’s happening to house prices across the UK ahead of Bank of England rate decision
HOUSE PRICES have slowed at the start of January, according to Nationwide. The building society said the average price of a ...
Bank of England launches emergency fund to prevent repeat of £45bn gilts crisis
The UK's central bank has launched an emergency lending facility to prevent a repeat of the hike in government borrowing ...
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 ...
Recession fears grow with pressure on Bank of England to cut rates
Bosses in the private sector expect a "significant fall" in activity over the next three months, according to a survey by the ...
Bank of England is squeezing small banks too hard
Politicians want growth; bank regulators want safety. This puts the watchdogs in an unenviable position. If they relax the rules and the economy expands, they are unlikely to get credit. If it all ...
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 ...
UK banks clash with Bank of England over rules on loss-absorbing debt
UK Finance called for the central bank to go further by increasing the size threshold to £40bn-£50bn to take account of inflation since the rule was introduced in 2015. It also called for the active ...