Bank of England considers going Swedish with Britcoin
Sweden s largely cashless society has lessons the UK can learn as it takes own tentative steps into digital currency
25 April 2021 • 1:31pm
When three gunmen smashed through the skylight of a Stockholm cash depot before escaping with millions of kronor, it set in motion a chain of events that would transform the future of Sweden.
The 2009 “Västberga helicopter heist” is known as the most audacious of a spate of robberies that hit Sweden during the 2000s. Today, its legacy lives on because it cemented the idea among Swedes that cash had become an incentive for crime.
Canadian Dollar Price Forecast: USD/CAD May Gain on Wait-and-See BoC
2021-04-21 07:00:00
Daniel Moss,
Analyst
Canadian Dollar, USD/CAD, Bank of Canada, Coronavirus Restrictions, Monetary Policy – Talking Points:
Equity markets slid lower during APAC trade, following on from Wall Street’s losses overnight.
A wait-and-see approach from the BoC could open the door for USD to gain ground against CAD.
Asia-Pacific Recap
Equity markets followed Wall Street indices lower during Asia-Pacific trade, as rising coronavirus cases gnawed at risk appetite. Australia’s ASX slipped 0.29%, while Japan’s Nikkei 225 and Hong Kong’s Hang Seng Index tumbled 2.05% and 1.75% respectively. China’s CSI 300 index bucked the trend, climbing 0.32%.
GBP/USD: Out of overbought territory, and with upbeat fundamentals, cable is ready to climb forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.
One source said the Leeds hub would be ‘something substantial’ in terms of the number of staff it would employ. They added that the city was chosen for its transport links and proximity to several universities which specialise in finance and economics.
The Bank, which has been dubbed the Old Lady of Threadneedle Street due to its near 300-year history at its current headquarters, has had operations in Leeds since 1827.
These include a cash distribution centre, which is set to close in 2023 when the lease on the building expires.
But Governor Andrew Bailey (pictured) told the Treasury Committee before his appointment last year that he wanted to ramp up the Old Lady’s presence further outside London.