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.
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 Daily Telegraph says Heathrow's third runway will not be ready until 2050, according to Ryanair CEO Michael O'Leary. The paper quotes him as saying the airport will not get a new runway "in my lifetime and certainly not in [Reeves'] political lifetime",
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.
Mark Carney was the first non-British person to become governor of the Bank of England in its more than 300-year history when he took the job in 2013. He had previously worked at the investment bank Goldman Sachs, and served as the governor of the Bank of Canada, the country's central bank.
The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister Rachel Reeves.
The minimum waiting time to load gold out of the Bank of England, which stores gold for central banks, has reached four weeks, one of the sources said. In normal times, the release time is a few days or a week.
A surge in gold shipments to the US has led to a shortage of bullion in London, as traders amass an $82bn stockpile in New York over fears of Trump administration tariffs.
LONDON (WKRC) - A man was sentenced after he used locker codes belonging to gym members to gain access to their bank accounts. According to PEOPLE, 35-year-old Declan Murphy of Bromley, England was sentenced after he stole locker pins and used them to get into multiple bank accounts.
Reformatted in 2024 to be a single-match tournament, the cup final includes the winner of the NWSL Shield and the NWSL Championship. Since Orlando Pride secured both pieces of silverware, this season’s tournament will be a rematch of the 2024 Championship game between Orlando Pride and Washington Spirit.
Lloyds Banking Group has announced 135 new branch closures, with sites shutting between May this year and March 2026. The latest wave includes 60 Halifax, 61 Lloyds Bank, and 14 B