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The pound is in free fall — and the Bank of England just warned it could be hammered even harder by Brexit

The pound has shed 2.6% under Boris Johnson, its second-biggest drop in a prime minister's first week since 1976.

Singapore and UK central banks to work together to strengthen cyber security in finance

The central banks could also arrange for staff exchanges.
Britain's FX war chest was twice the size of Turkey's in Q4 2018 — and Turkey was defending an actual run on its currency.

The UK government built a $146 billion war chest to stop a run on the pound in the case of a ‘no-deal’ Brexit, Bank of America says

The war chest suggests there was a "chance the UK would leave the EU without a deal and thus [create] a run on the pound," the BofA analysts say.
Bank of England's Governor Mark Carney.

UK banks told to triple holdings by Bank of England to prepare for Brexit

UK lenders have been told to boost their holdings by the BoE to cope with a potential meltdown in financial markets in the event of no-deal Brexit.
The Governor of the Bank of England, Mark Carney, speaks to the Scottish Economics Forum, via a live feed, in central London, Britain March 2, 2018.

Bank of England says ‘fog of Brexit’ will push UK growth to lowest level since financial crisis

The central bank's nine-member Monetary Policy Committee voted unanimously to leave rates at 0.75%, as had been widely expected.

Global stocks slide as Germany’s economy draws closer to a recession

While markets in Asia largely remain closed after the Chinese New Year, virtually all European stock markets have lost at least some ground Thursday.
Venezuela's President Nicolas Maduro speaks during a meeting with ministers in Caracas

The Bank of England has refused to give back $1.56 billion in Venezuelan gold after countries around the world say the regime is illegitimate

The Bank of England is said to have frozen Venezuelan gold assets worth $1.56 billion in another blow to the regime of Nicolas Maduro.
Venezuela's President Nicolas Maduro (C) holds a gold bar

Venezuela opposition leader begs the Bank of England not to send $1.2 billion in gold to Maduro’s ‘illegitimate and kleptocratic regime...

Maduro wants to sell the gold, and the money would be used "to repress and brutalize the Venezuelan people," Juan Guaidó wrote in the letter.
Theresa May

UK demand for credit cards and mortgages is collapsing as Brits brace themselves for the shock of Brexit

The UK housing market has slowed to its lowest level in nearly a decade as Brexit fears freeze demand for mortgages and credit cards.
The Governor of the Bank of England, Mark Carney.

Bank of England warns Brexit uncertainty has ‘intensified’ as it leaves rates unchanged

The central bank's nine-member Monetary Policy Committee voted unanimously to leave rates on hold at 0.75%.