The Bank of England's recent consultation saw 50,000 responses, many welcoming the digital pound's design but sharing concerns about privacy. Many respondents to the digital pound consultation ...

Last year the Bank of England said that a CBDC, known as the digital pound, is “likely to be needed in future” as digital payments become ever more important in the economy. Unlike existing ...

Inflation in the United Kingdom also jumped to an annual rate of 10.4% in February, underscoring the need for the Bank of England to maintain its tough approach. The pound plunged close to $1.03 ...

each in a new digital pound, as the Bank of England seeks to avoid a new central bank digital currency undermining the banking system. The central bank appeared to favor centralized databases over ...

Read our privacy notice. The Bank of England has begun a consultation on the introduction of its own digital pound as it seeks to gain a foothold in the unwieldy world of cryptocurrencies and ...

Since Friday, when finance minister Kwasi Kwarteng formally announced the plans, the British pound has plunged 5% against ... tiny fractions of a percent. The Bank of England said in an emergency ...

A new "digital pound" could be launched in the UK within the next ten years with plans currently being considered by the Bank of England (BoE) and the HM Treasury. If introduced, the central bank ...

At a speech last Monday, Catherine Mann, one of the newest members of the Bank’s Monetary Policy Committee (MPC), suggested a rapid increase in rates could prop up the pound, providing short ...

The value of the pound has sunk sharply as the Bank of England signalled there would be more interest rate cuts later this year. Sterling plunged 1.1pc during trading to $1.237 after policymakers ...