BANK of England (BOE) governor Andrew Bailey thinks a renewed bout of inflation is nothing to worry about. Former policymakers are less convinced and say the central bank may need to pause its interest-rate cutting cycle.

In a subterranean vault deep under the streets of the City of London, a small team is rushing to keep up with traders’ orders to move their bullion to New York.

Bank of England policymakers do not have a consensus about how fast the central bank should cut interest rates, even though they all agreed to use the word "gradual", Monetary Policy Committee member Swati Dhingra said on Monday.

Bank of England Monetary Policy Committee member Swati Dhingra has been reappointed to her role as an external member of the central bank's rate-setting body for a second three-year term, the British government said on Monday.

British home prices will rise faster than previously expected this year, but the increase will be outpaced by surging rental costs as demand outstrips supply, a Reuters poll found.

The US bank JPMorgan and the UK’s HSBC are reportedly shifting gold bars from London to New York. About 8,000 gold bars are estimated to have been removed from the Bank of England’s vaults over the past few months.

Inflation in the U.K. rose to a 10-month high in January, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England

The gold rush is largely driven by Trump's tariff threats, which have caused gold prices in London to drop by around $20 since December.

The Bank of England holds bullion for the UK Treasury, financial institutions, and other central banks. Premiums and discounts on gold are generally not more than a few cents per ounce.

Then there’s the UK’s motor finance sector, where lenders have been accused of charging excessive interest rates on car loans. This could lead to compensation claims of up to £44 billion, making it potentially one of the biggest consumer finance scandals since payment protection insurance (PPI).