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 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,

The pound was little changed on Thursday as markets were focused on a raft of major central bank meetings that will culminate with the Bank of England next week. Sterling stood at $1.2441, after holding broadly steady the previous day as the U.

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.

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.

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.

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 industry executive was quoted as saying.

The number of mortgage approvals for home buyers saw a slight increase in December, as reported by the Bank of England.

The Bank of England on Tuesday appointed one of its senior advisers, Andrea Enria, to the Prudential Regulation Committee. "His extensive global experience of financial regulation and supervision will help him provide unique insights to the committee,

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).

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.

Governor Andrew Bailey has stressed the need for the UK to increase its economic growth rate as Rachel Reeves set out plans to kick start the economy.