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.

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,

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.

The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut interest rates in early February as well as its message about the outlook for the rest of the year.

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).

The Bank of England has published a Blueprint framework describing the way in which a digital version of the British pound could be implemented. Plans to launch a Digital Pound Lab this year have also been announced by the UK’s central bank.

UK Finance called for the central bank to go further by increasing the size threshold to £40bn-£50bn to take account of inflation since the rule was introduced in 2015. It also called for the active account threshold to be scrapped or raised from 40,000-80,000 to 100,000-150,000.

To date, retail CBDCs have failed to address real consumer needs or pain points meaningfully and currently offer no clear tangible benefits that would drive user adoption

The Bank of England is facing a growing clamour to make ... Last week, he indicated that he would be comfortable with the central bank lowering rates five or six times “to get interest rates ...

The independence of central banks from the democratic process has been a bedrock of economic policy for decades. The Bank of Canada is no exception

Another plank of the U.S. tech story took an Asian twist on Thursday after the Wall Street Journal reported that Japan's Softbank is in talks to invest $40 billion in OpenAI, more than had previously been mooted.

ECB chief Christine Lagarde (pictured) said the single currency bloc was 'set to remain weak in the near term' as the rate was cut from 3% to 2.75%.