The Bank of England is considering whether to mothball plans to create a digital pound due to increasing skepticism about its ...

The UK central bank may scrap its digital pound amid skepticism and preference for bank payment innovations, Bloomberg ...

The BOE has been privately urging the banking industry to instead accelerate payment innovations that could result in similar ...

The Pound Sterling (GBP) clings to gains near 1.3520 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair trades firmly as the US Dollar struggles to find ...

GBP/USD gains momentum to around 1.3525 in Wednesday’s early European session.

The United Kingdom is rethinking its central bank digital currency (CBDC) strategy, with the Bank of England (BoE) casting ...

While some Brits abroad won’t go near an ATM machine, there are others who prefer to use cash when on their holidays - but ...

Britons are increasingly finding themselves unable to use cash, even when they want to. Despite strong public support for ...

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There is no risk of any exchange loss. The duration of the term deposits ranges from one year to five years. The interest ...