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
London is in the grips of a gold shortage as traders line up for weeks to get bars out of the Bank of England and ship them to the U.S. amid fears that the new Trump administration will levy tariffs on imports.
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 reductions than they currently predict as the economy flatlines.
London gold market queues up to borrow central bank gold after big shipments to US, sources say
London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States on speculation of potential import tariffs there,
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 of turbulence in Britain's government bond market. The Contingent Non-Bank Financial Institution Repo (CNRF) allows companies to borrow cash from the BoE using gilts they own as collateral.
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 Liz Truss’s brief tenure as prime minister in 2022.
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 pound threatening to add to resurgent price pressures.
BoE's Bailey Says Bank Rules Were Delayed Because of US Competition
LONDON (Reuters) - The Bank of England delayed introducing new rules for banks to avoid putting British firms at a competitive disadvantage to the U.S. where President Donald Trump has promised to cut back on regulation for business, BoE Governor Andrew Bailey said.
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 Confederation of British Industry (CBI).
UK Budget fallout adds to Bank of England dilemma on interest rates
Employers are cutting jobs and raising prices to offset tax increases, with wages still growing too fast for policymakers’ comfort
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 comes unstuck, they get hauled over the coals.
Mortgage approvals to home buyers edged up in December, Bank of England figures show
The number of mortgage approvals for home buyers saw a slight increase in December, as reported by the Bank of England.
London's FTSE 100 poised for best month in more than two years
Britain's benchmark index hit a record high on Friday and was set to log its best month in more than two years, while investors prepared for the Bank of England's rate decision next week. The blue-chip FTSE 100 hit an all-time high of 8,