Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Thailand Inflation Remains Negative for 10th Straight Month in January 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
British savers will soon benefit from significantly stronger financial protection after the Bank of England announced a major increase to the nation’s deposit guarantee limit. The Prudential Regulation Authority (PRA) confirmed that the Financial Services Compensation Scheme (FSCS) cap will rise from £85,000 to £120,000 per eligible depositor, a 40% jump designed to reflect the impact of sustained inflation and ensure consumer confidence in the banking system.
The previous £85,000 threshold had been in place since 2017, but economic conditions and rising living costs prompted regulators to consider a more substantial adjustment. While the PRA initially proposed an increase to £110,000, it ultimately concluded that a higher limit would better protect savers in the event of a bank or building society failure. PRA Chief Executive Sam Woods noted that the move aims to maintain public trust in the safety and stability of customer deposits across the UK’s financial institutions.
The new UK deposit protection limit surpasses the European Union’s standardized guarantee of €100,000 (approximately £86,000), highlighting the UK's stronger approach to financial safeguards post-Brexit. However, it remains below the coverage provided in the United States, where deposit insurance typically extends to at least $250,000 per depositor.
In addition to the general protection increase, the PRA announced a rise in coverage for temporary high balances—such as funds from a property sale, inheritance, or insurance payout. These temporary balances will now be safeguarded up to £1.4 million, up from the previous £1 million limit, offering further reassurance to individuals experiencing major financial transactions.
The FSCS, funded by the financial services industry, plays a crucial role in protecting customers when banks or building societies collapse. With these updated thresholds, UK regulators aim to enhance financial resilience, support consumer trust, and ensure the nation’s deposit protection framework keeps pace with economic realities.
