Talk:Bank of England

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Reaction in the City

It was very popular with the City of London, showing a sign of the new government's desire for a strong economy.

Following the announcement the FTSE 100 Index leapt rapidly.

The pound reached its highest level against the Deutsche mark since Sterling's exit from the ERM.

These remarks don't hold up when viewing the data. The FTSE didn't move a significant amount given the volatility of the period. The move in May (2.7%) was smaller than the previous April (4.4%) or the subsequent move in June (3.7%) (Bloomberg). These moves are about 1 standard deviation, i.e. not unusual. Similarly for the pound/mark rate. There appears to be no reaction in May, the peak was reached in the end of July (a reaction to US rates news), and subsequently moved sideways/down. I suggest that at best the reaction "In the City" was mixed. —The preceding unsigned comment was added by 135.196.109.220 (talk • contribs){{#if:{{{2|}}}| {{{2}}}|}}. on 17 May 2006.

"Shareholders were required to attend in person"

This embellishes on information in the cited source. The source says "Payment of Government dividends by attendance was finally abolished in 1910". "By attendance" could include solicitors or accountants attending on shareholders' behalf, which was necessary for shareholders outside London. See for example Hennessey, p47-48. Page should be amended to say "Dividend payments were required to be collected by attendance at the Bank", or similar, to maintain accuracy.