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Bank of England

First £1 coins to feature King Charles enter circulation in UK

by Walter Watson
First £1 coins to feature King Charles enter circulation in UK

The first one pound coins featuring Britain’s King Charles III have entered circulation, with collectors encouraged to look out for the historic addition to the nation’s change. Nearly three million …

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Cash is king: Charles III banknotes enter UK circulation

by Walter Watson
Cash is king: Charles III banknotes enter UK circulation

British banknotes bearing the image of King Charles III entered circulation for the first time on Wednesday, nearly two years after he succeeded his mother, Queen Elizabeth. The portrait of …

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UK economy exits recession ahead of election

by Walter Watson
UK economy exits recession ahead of election

Sunak – whose governing Conservatives are trailing the main opposition Labour Party before a general election and suffered heavy losses in English local polls last week – has made economic …

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Retail sales boost economy despite wettest February on record amid hopes UK is lifted out of recession

by Ron Morgan
Retail sales boost economy despite wettest February on record amid hopes UK is lifted out of recession

The wettest February on record didn’t dampen Brits’ appetite for new spring outfits, as retail sales boosted the UK economy. Analysts predicted a 0.3 per cent drop in high street …

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Bank of England freezes interest rate at 16-year high

by Anas Siddiqui
Bank of England freezes interest rate at 16-year high

The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as inflation remains elevated despite recent slowdowns. But BoE governor Andrew …

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UK inflation slows to lowest level in years: Interest rate cut coming?

by Anas Siddiqui
UK inflation slows to lowest level in years: Interest rate cut coming?

Britain’s annual inflation rate fell more than expected in February, official data showed on Wednesday, fuelling speculation that the Bank of England will start cutting interest rates in the coming …

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New UK banknotes with King Charles to be circulated in June

by Walter Watson
New UK banknotes with King Charles to be circulated in June

Banknotes featuring the portrait of King Charles will enter circulation in Britain from June 5, the Bank of England said on Wednesday, more than a year after unveiling their design. …

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U.S. Federal Reserve leaves key interest rate unchanged, expects 3 rate cuts in 2024

by Anas Siddiqui
U.S. Federal Reserve leaves key interest rate unchanged, expects 3 rate cuts in 2024

For a third straight time, the U.S. Federal Reserve kept its key interest rate unchanged Wednesday, as it signalled its expectations to make a series of quarter-point cuts to the benchmark interest …

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Tokenizing assets on blockchain may elevate systemic risks, warns Bank of England

by Isaac Wright
Tokenizing assets on blockchain may elevate systemic risks, warns Bank of England

The Bank of England’s financial stability report highlights the potential risks and increasing interest in asset tokenization within the financial sector, underscoring the need for global regulatory coordination. The report …

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UK in crypto regulation lead as BOE targets stablecoins

by Isaac Wright
UK in crypto regulation lead as BOE targets stablecoins

In an ambitious move to position the U.K. as a front-runner in the cryptocurrency sector, the government and the Bank of England (BOE) are introducing sweeping regulations for stablecoins and …

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