Bank of England

Bitcoin is not at a size where it would pose a risk to the global economy, Bank of England Deputy Governor Jon Cunliffe said on Wednesday, as the virtual currency soared to a record high above $10,000 on major exchange, reported Reuters. 

It is now 25 years since George Soros and Robert Johnson* speculated against the pound,  costing £3.3 billion in losses, and forcing the UK out of the European Exchange Rate Mechanism (ERM) that paved the way for the euro currency.

According to Johnson this “tough love” was necessary!

A sharp fall in migrant workers coming to Britain as a consequence of Brexit could push up wages and cause a spike in inflation in the short term, according to the governor of the Bank of England, quoted by the Guardian. 

Mark Carney was setting out his view on inflation days after the Bank's rate-setting panel indicated it could raise interest rates for the first time in a decade.

Germany’s central bank has brought much of its gold reserve back to Frankfurt, the Bundesbank said on Wednesday, restoring a bulwark of economic stability the country had stashed away at the height of the Cold War.

The Bank of England on July 18 unveiled a new bank note featuring Jane Austen to coincide with the author's death 200 years ago after a campaign to include more women on Britain's currency.

The new note worth ten pounds ($13, 11.3 euros) and made of polymer instead of paper will enter circulation in September.

A month ago, money managers were the most optimistic on gold this year. Now, they can’t seem to unload bullion fast enough.

British consumers have suffered the longest decline in their spending power since the 1970s, official data showed on June 30, although there was a sign that the economy may have recently gathered a bit of momentum.

Flickr/ Heinrich-Böll-Stiftung

Billionaire investor George Soros says Brexit is a "lose-lose proposition" for the United Kingdom and the European Union. Soros is best known for bringing the Bank of England to its knees by short-selling the pound.

The outlook for London's financial sector has improved since Brexit was triggered, insists the man charged with its policy, even as banks remain set to move some jobs abroad.

Mark Boleat, who spoke on Thursday to AFP after British Prime Minister Theresa May activated the process for Britain's EU exit, nevertheless urged speedy trade talks to minimize disruption.

The European Union's chief Brexit negotiator has told colleagues that they need to strike a "special" deal with Britain's finance sector in order to keep credit flowing to the continent, the Guardian reported on Jan. 13.