Organizing monetary policy and decides about interest rates, everybody will feel it's impact! The Bank of England in London! Count the joy my friends! On the money of course!:)

Came upon this today:

U-g-g-B-o-y-(-Photograph-World-Sense-) posted a photo:



Bank of England

The Bank of England (formally the Governor and Company of the Bank of England) is (despite its name) the central bank of the whole of the United Kingdom and is the model on which most modern, large central banks have been based. It was established in 1694 to act as the English Government's banker, and to this day it still acts as the banker for HM Government. The Bank was privately owned and operated from its foundation in 1694 until it was nationalised in 1946. In 1997 it became an independent public organisation, wholly-owned by Government, with independence in setting monetary policy.

The Bank has a monopoly on the issue of banknotes in England and Wales, although not in Scotland or Northern Ireland. The Bank's Monetary Policy Committee has devolved responsibility for managing the monetary policy of the country. The Treasury has reserve powers to give orders to the committee %26ampquot;if they are required in the public interest and by extreme economic circumstances%26ampquot; but such orders must be endorsed by Parliament within 28 days.

The Bank's headquarters has been located in London's main financial district, the City of London, on Threadneedle Street, since 1734. It is sometimes known by the metonym The Old Lady of Threadneedle Street or simply The Old Lady. The current Governor of the Bank of England is Mervyn King, who took over on 30 June 2003 from Sir Edward George. As well as the London offices, the Bank of England also has secondary offices on King Street in Leeds.
en.wikipedia.org/wiki/Bank_of_England

So this is the bank of England and what about the english pound?

Pound sterling

The pound sterling (symbol: £; ISO code: GBP), commonly called the pound, is the currency of the United Kingdom, its Crown dependencies (the Isle of Man and the Channel Islands) and the British Overseas Territories of South Georgia and the South Sandwich Islands, British Antarctic Territory and Tristan da Cunha.It is subdivided into 100 pence (singular: penny).

The Channel Islands and the Isle of Man produce their own local issues of sterling; see Manx pound, Jersey pound, and Guernsey pound. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound) and Saint Helena and Ascension (alongside the Saint Helena pound). The Gibraltar, Falkland Islands and Saint Helena pounds are separate currencies, pegged at parity to the pound sterling.

Sterling is the third-largest reserve currency, after the US dollar and the euro. The pound sterling is also the fourth-most-traded currency in the foreign exchange market.
en.wikipedia.org/wiki/English_pound

BY WIKIPEDIA! ENJOY THE HAPPINESS TO KNOW!:)Organizing monetary policy and decides about interest rates, everybody will feel it's impact! The Bank of England in London! Count the joy my friends! On the money of course!:)