A surge in gold shipments to the US has led to a shortage in London, according to reports. Traders have amassed an almost £66bn stockpile in New York in recent weeks amid concerns over tariffs by the Donald Trump administration, the Financial Times reports.
The yen was set for its best January performance since 2018 on Friday, driven by the expectation for Japanese interest rates to keep rising, while the Mexican peso and Canadian dollar held firm ahead of U.
The Bank of England (BoE) is open to discussions with Britain's government about new ways to help boost economic growth by paring back regulatory requirements for the financial services industry, Deputy Governor Sam Woods said on Monday.
FRANKFURT (Reuters) - Global economic policymakers had been braced for an economic firestorm from the new U.S. administration but instead got a surprisingly restrained start from Donald Trump, who remains big on rhetoric but more cautious on action - for now.
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.
President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of refusing to serve conservatives.
The Pound Sterling trades sideways against the US Dollar above 1.2400 as investors focus on the US PCE inflation data for December. President Trump’s tariff threats on BRICS and its North American peers have increased USD’s safe-haven appeal.
Key Fed decision: The central bank’s expected decision today is the first following Trump’s return to office, which has been marked by a flurry of executive orders as the US president seeks to impose his agenda on Washington.
Despite recent pro-crypto moves by the Trump administration, short-term enthusiasm for the digital asset remains uncertain.
President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of refusing to serve conservatives. Both banks deny the accusations, which Trump and others in his orbit ...
The 2008 financial crisis and its aftermath vaulted central bankers from obscure technocrats to leading actors in the global economy.
It was not the outcome Trump said a week earlier he would "demand" from a Fed chief he appointed in his first term, soured on over differences about rate policy