Bank of England scrutinizes lenders for dollar risk amid Trump worries, sources tell Reuters

GATA ^ | 18 July 25 | Stephania Spezzati

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LONDON -- The Bank of England has asked some lenders to test their resilience to potential U.S. dollar shocks, three sources said, the latest sign of how the Trump administration's policies are eroding trust in the U.S. as a bedrock of financial stability.

As the leading currency for global trade and capital flows, the U.S. dollar is the lifeblood of global finance.

However, President Donald Trump's break from long-standing U.S. policy in areas such as free trade and defence has forced policymakers to consider whether the emergency provision of dollars in times of financial stress can still be relied on.

While the U.S. Federal Reserve has said that the central bank wants to continue to make dollars available in the financial system, Trump's policy shifts have prompted European allies to reexamine their dependence on Washington. ...

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Do remember the UK bank Northern Rock kicked off the world 2008 crisis ( Sept 2007), THEN spreading to the US …Lehman collapse, ( Sep 2008)….

…. Once again, we are getting early warning signs from the UK bankers.

[Wilderness Conservative]

If only they would stop pimping out their daughters to muzzy rape gangs maybe people would take the Brits seriously again.

[PGR88]

The Fed has lending facilities with the European Central Bank, BoE and other major counterparts to alleviate shortages of the global reserve currency and to keep financial stress from spilling over into the United States. But European central banking and supervisory officials for months have been questioning whether they can still rely on the Fed, as Reuters has previously reported.

Could Trump cut UK banks off from the Federal Reserve swap system?

It would finish off the rump British Empire, that's for sure.

[bgill]

That should be the least of their worries. With all the rapes and murders from their swarthy invaders, uh, guests, the country is being eroded.

Did you see where a student was berated for wearing a union jack dress (a nice appropriate dress) for culture day at school. Any other country’s flag would have been just fine, but how dare she wear that one no matter she is British. It doesn’t help that Chuckles for all intents and purposes, dumped the Church of England for islam and William is an atheist. Starmer and the rest of Parliament are basically our demonrats.