Bank of England’s Gold-Diggers Grapple With Trump-Fueled Frenzy
In a subterranean vault deep under the streets of the City of London, a small team is rushing to keep up with traders’ orders ...
UK inflation spikes to a 10-month high, likely to worry the Bank of England
LONDON (AP) — Inflation in the U.K. rose to a 10-month high in January, official figures showed Wednesday, an increase that ...
The Bank of England gold rush that's pushing up the price
Sky's Ed Conway explains why the Bank's vaults have been seeing heavy outflows of the precious metal and what the ...
Gold rush: Why JPMorgan, HSBC are pulling bullion from Bank of England
The current flood of gold shipments has created bottlenecks in London with the Bank of England struggling to keep up with ...
Traders are scrambling to fly gold bullion across the Atlantic — here's why
Fears about the impact of trade tariffs mean gold prices are higher in New York than London, sparking a scramble to get ...
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 ...
U.K. Inflation Reaches 10-Month High, Complicating Bank of England’s Rate Path
Consumer prices were 3% higher in January than a year earlier, up from 2.5% in December, complicating the picture for the BOE ...
Bank of England halves UK growth projection and cuts main interest rate to 4.50%
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target.
Bank of England poised to cut rates but inflation worries linger
The Bank of England looks set to cut interest rates on Thursday for only the third time since just after the start of the COVID-19 pandemic in 2020, as it juggles the need to help the sluggish economy ...
Why are banks flying out gold from London to New York?
The US bank JPMorgan and the UK’s HSBC are reportedly shifting gold bars from London to New York. About 8,000 gold bars are ...
How does UK weather compare to rest of Europe?
After biting temperatures over the past week, the UK is set to be hotter than Greece and Turkey today. Some parts of the ...