The Latest Breaking News from Bank of England

Current turmoil ‘hallmark of situations where credibility lost’, says Larry Summers

After statements from the Bank of England and the UK Finance Minister Kwasi Kwarteng on Monday, the British pound recovered slightly on Tuesday morning but remained at its lowest level in decades against the dollar. All eyes will now be on the UK central bank's November meeting and a potential…

Those on Universal Credit, Personal Independence Payment and Attendance Allowance will be impacted

The U.S. dollar is the strongest it has been in 20 years. As it strengthens, other currencies — like the pound — weaken. That's good news for U.S. consumers and importers but bad news for others.

The Royal Mint confirmed the new banknote depicting King Charles III will be unveiled by the end of the year but it will not be used at the checkouts for several years

City Comment: If you aren’t nervous, you aren’t paying attention

British pound slumps to lowest level against dollar since 1971 after Kwasi Kwarteng’s mini-Budget

The British pound has stabilized in Asian trading after plunging to a record low, as the Bank of England and the British government try to soothe markets nervous about a volatile U.K. economy

Virgin Money, Halifax and Skipton are among lenders to take some of their products off the market

New banknotes featuring King Charles III are expected to enter circulation by mid-2024.

Brexiteer MP overheard talking about markets on night of 2016 referendum vote