Sterling
BoE's King cool on soaraway sterling
Mervyn King, governor of the Bank of England, seemed unperturbed by the recent surge in the value of the pound relative to the dollar.
Dallas Fed chief sees dollar staying top currency
Federal Reserve Bank of Dallas President Richard Fisher said on Friday 17 November he does not expect a global shock that would be big enough to remove the dollar's status as the world's top currency.
Yen lures Swiss, Russian, NZ central banks
According to this article published Monday 13 November by Bloomberg, central banks are increasing their holdings of the yen, in anticipation of a rebound from a 20-year low.
Syria says it will peg pound to SDR
Syria plans to remove the pound from its U.S. dollar peg and link it to the International Monetary Fund's special drawing rights (SDR) in the first half of 2007, the central bank governor told Reuters on Monday 30 October.
Sterling sits pretty as volatility vanishes
According to this article from the Financial Times, published Tuesday 24 October, the UK's fiscal rules are superior to the eurozone's Stability and Growth Pact and the Treasury's opposition to joining the euro has been vindicated.
Comment: Developments in July
Here is a quick look back at development affecting central bank in month of July.
Comment: More pounds in their pockets
According to the most recent IMF data on reserve holdings, the pound sterling has surpassed the yen as the third most popular reserve currency. A number of factors could see the pound's popularity increase further.
Dominican central bank adds UK£ to reserves
Dominican Republic is adding British pounds to its foreign monetary reserves because the United Kingdom's assets offer attractive return margins, central bank governor Hector Valdez Albizu said in an interview.
British pound passes yen in central bank reserves
According to this article by Bloomberg News published Monday 10 July, central banks around the world are increasing their holdings of British pounds.
Launch of BoE's new framework
The Bank of England launched its new framework for the implementation of monetary policy to modernise sterling money markets on Thursday 18 May.
BoE's new framework for sterling money markets
The Bank of England confirmed Wednesday that it will launch its new framework for official operations to implement interest rate decisions in the sterling money markets on 18 May.
Comment: Sweden sheds reserve dollars
The Swedish Riksbank dropped a bit of a bombshell on international currency markets on Friday 21 April by announcing a significant reduction in the share of dollars and yen in its foreign reserves portfolio. Although Sweden has a relatively small…
China reveals details of yuan basket
China announced major currency market reforms on Wednesday 8 August and also published details of the basket of currencies to which the bank refers in managing the float of the yuan.
Obituary: John Page 1923-2005
Elizabeth Hennessy looks back on the career of John Page, whose influence as chief cashier at the Bank ran throughout the City.
The Bank’s reforms take shape
Central Banking reports on the Bank of England’s plans to revolutionise the way it sets interest rates.
Nigeria may move from dollar reserves
The Central Bank of Nigeria may consider reducing Nigeria's exposure to the United States dollar by moving the country's reserve towards the pound sterling and euro as a result of the continuing decline in the value of the dollars, a press report in…
Reform of the Bank of England's operations
The Bank of England on 22 July announced the result of its review of its official operations in the sterling money markets. The Bank will initiate a new system based on averaging with voluntary reserves remunerated at the Bank's repo rate.
Mervyn King's Statement to UK Treasury Committee
Bank of England Governor Mervyn King told the UK parliament's Treasury Select Committee on Thursday 25 March that he wants to update the trade-weighted sterling index and has been in talks about doing so.
Sterling coins may contain more nickel than euros
UK - Britain in Europe (BiE), a lobby group who campaign for UK entry to the euro, have come up with the perfect riposte to euro sceptics who complain that the euro coins contain high levels of nickel which can cause skin irritation. A Europhile lobby…
The inconsistency of the anti-euro lobby
ARTICLE - Consider these two assertions. We cannot possibly join the euro because sterling is grotesquely overvalued - locking in today's exchange rate would condemn the economy to stagnation. Giving up sterling would be madness - robbing Britain of a…
Scotland to be first to print its own euros?
UK - The Bank of Scotland chiefs are fronting a campaign, which aims to allow Scotland to become the first region in the European Union to print its own euros, if the pound is scrapped.
Worrying poll finds Britons confused by euro idea
UK - Almost a third of Britons believe the country could keep the pound after it had joined the euro, according to internal polling conducted for the No campaign.
Historical Model Describes 1900s Gold Standard
RESEARCH - An article in the latest edition of Economic Perspectives, from the Chicago Fed, looks at how the United States adopted the gold standard in the late nineteenth century, pegging the dollar to the British pound sterling and other currencies.
UK's anti-euro lobby enlist help of celebrities
UK - A British cinema advertisement in which comedian Rik Mayall mimics Adolf Hitler plunged the campaign to keep the pound into a row on Tuesday.