The Latest Breaking News from Bank of England

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 Bank of England has announced what will happen to coins and notes with Queen Elizbeth II's face on and how the new banknotes will look

From a Cost of Living disability payment and Household Support Fund, to the deadline for trading in your paper £20 and £50 notes

It comes as the pound dropped to a record low on Monday

The pound has hit a record low after sweeping tax cuts were announced by the chancellor on Friday. Here we explain some of the reasons behind the fall and how it affects households and businesses across the country

The pound has fought back from record lows touched in reaction to Kwasi Kwarteng’s tax-slashing mini budget, while according to opening calls, the FTSE 100 is expected to make modest opening gains, after managing a small overall rise by the end of the previous session.

BoE chief economist Huw Pill says Bank should wait until next scheduled meeting in the first week of November rather than respond through an emergency rate hike

In today’s newsletter: The Guardian’s special correspondent Heather Stewart talks us through the best, worst and most likely result of another chaotic day in the money markets