Tuesday , June 15 2021
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A Great British Krona shortage?

Summary:
It’s not the first time that FT Alphaville has reported on potentially destabilising currency shortages in the international financial system and the emergency swap arrangements central banks have taken to ease them.Usually, however, such shortages are focused on illustrious hard currencies like the US dollar or (in the case of eastern European mortgages), the Swiss franc or the euro.While technically sterling still qualifies as a hard currency reserve asset, it’s been a long time since anyone had much love for it. The Great British Krona, as we have likened it, has been beaten up in the markets ever since the UK opted out of the European Union. But in an unexpected turn of events, the Bank of England announced an intriguing swap arrangement with the Bank for

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It’s not the first time that FT Alphaville has reported on potentially...

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FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

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