The Exeter Pound is a local currency created by the people of Exeter, for the people of Exeter, and which embraces Exeter’s unique identity. The Exeter Pound is for the benefit of all those who work, shop and play here, so it only seems right that those same people create the artwork for the paper notes. Every three years the…
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On Thursday, the Bank of England cut the Bank’s base rate for the first time in more than seven years. The decision to slash it from 0.5 per cent to 0.25 per cent comes after weeks…
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George Soros is widely known as the man who “broke” the Bank of England in 1992, when he bet against the pound and made a reported £1.5bn. Although the exact amount Mr Soros has…
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Latest posts by Editorial When banking services first appeared in the UK hundreds of years ago initially for London’s merchants, customers were often unable to read. A recognisable…
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This means that shops no longer have to accept the notes, and it is up to banks whether they agree to swap notes after this date. From July 1 only notes with the image of Adam…
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Interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets. Interest rates are typically noted on an annual basis…
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