British Currency

Royal Mint unveils first coins to feature King Charles III's portrait

Britain's Royal Mint has unveiled the first coins to feature the portrait of King Charles III. Britons will begin to see Charles' image in their change from around December, as 50-pence coins depicting him gradually enter circulation. The new monarch's effigy was created by British sculptor Martin Jennings, and has been personally approved by Charles, the Royal Mint said Friday. In keeping with tradition, the king's portrait faces to the left the opposite direction to his mother's, Queen Elizabeth II. Charles has followed that general tradition that we have in British coinage, going all the way back to Charles II actually, that the monarch faces in the opposite direction to their predecessor," said Chris Barker at the Royal Mint Museum. Charles is depicted without a crown. A Latin inscription surrounding the portrait translates to King Charles III, by the Grace of God, Defender of the Faith." A separate memorial 5-pound coin remembering the life and legacy of Elizabeth will be ..

Pound stabilises but turmoil in stock markets continues for UK economy

The British pound stabilised in Asian trading on Tuesday after plunging to a record low a day earlier, as the Bank of England and the British government tried to soothe markets nervous about a volatile UK economy. The instability began to have real-world impacts, with several British mortgage lenders withdrawing deals amid concern that interest rates may soon rise sharply. The pound was trading at around $1.08 on Tuesday morning. On Monday it plunged to $1.0373, the lowest since the decimalisation of the currency in 1971, on concerns that tax cuts announced Friday by Treasury chief Kwasi Kwarteng would swell government debt and fuel further inflation. Late Monday the central bank said it was closely monitoring" the markets and would not hesitate to boost interest rates when it next meets in November to curb inflation that is running at 9.9%. The UK Treasury also sought to reassure markets, saying it would set out a medium-term fiscal plan on Nov 23, alongside an economic forecast b

Queen Elizabeth II was known around the world but still a royal mystery

Millions paid attention when she spoke and, crucially for a job that often was more significant in its silences, what she embodied

Searing inflation in the UK pushes the Pound to a near 37-year low

The currency is trading around $1.18, less than 4 US cents away from its weakest level since 1985 against the dollar, underscoring the challenges facing the British economy

Rupee strengthened against all major currencies other than dollar: CEA

He added that unlike earlier crises, the depreciation of the rupee against the US dollar was lower than other major global currencies such as the Swiss Franc, the Euro, the British pound and the Yen

Euro rises as Russia says still open to dialogue on Ukraine crisis

The U.S. dollar, edged 0.2% lower at 95.938 against a basket of currencies including the euro, as investors await further developments in the crisis

The value of a £1 coin

Despite Brexit and the pound's deterioration, it is still the proud coin of a self-confident realm