UK faces gold shortage as traders send $82B to New York in anticipation of Trump tariffs
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.
London gold market queues up to borrow central bank gold after big shipments to US, sources say
By Polina Devitt LONDON (Reuters) -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,
BoE's Bailey says bank rules were delayed because of US competition
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,
Bank of England launches tool to calm gilt market in times of distress
The Bank of England launched on Tuesday a new financial stability tool that insurers and pension funds can use during periods of turbulence in Britain's government bond market.
Heathrow's third runway and London 'gold shortage'
UK Treasury chief backs third runway at London's Heathrow Airport
UK government backs contentious third runway at London’s Heathrow Airport
Trump tariff concerns drive gold rush to New York, draining London reserves: Report
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.
Remember the U.K. debt crisis under Liz Truss? Bank of England now has a formal process to handle it.
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, the 'unreliable boyfriend' who ran UK's central bank
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.
Gold stockpiling in New York leads to London shortage
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.
Dad sets world record visiting 42 London museums in a day
A Londoner has broken a Guinness World Record by visiting 42 museums in a single day after being inspired by his children
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Dad sets world record by visiting 42 museums in a day
By Isobel Williams A dad has bagged a world record after visiting an incredible 42 museums across London in just one day - using a kick scooter. Ben Melham, 42,
British firms have been plagued by profit warnings and sliding output — and many aren't hopeful for an imminent recovery
Rising costs helped fuel a swathe of profit warnings from London-listed firms in 2024, new data showed this week.