Tahal Maurya
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Millionaire Boy
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According to Odaily, the Bank of England has instructed several banks to evaluate their ability to withstand potential shocks related to the U.S. dollar. This move highlights growing concerns over U.S. President Donald Trump's policies, which are perceived to undermine confidence in the United States as a cornerstone of financial stability. Sources familiar with the matter revealed that the Bank of England has asked certain banks to assess their dollar financing strategies and their reliance on the currency. Another source mentioned that a global bank headquartered in the UK was required to conduct stress tests, including scenarios where the dollar swap market might completely dry up. An analyst noted that this reflects a new trend where trust in international cooperation appears to be deteriorating.
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