Old Lady of Threadneedle Street


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Related to Old Lady of Threadneedle Street: Bank of England

Old Lady of Threadneedle Street

A nickname for the Bank of England. The term is derived from a woman named Sarah Whitehead, who, after her brother's execution for forgery, went to the Bank of England every day to ask to see him. After her death in the mid-1800s, she was buried in a field that later became the Bank's garden. She is said to haunt the Bank.
References in periodicals archive ?
If the Old Lady of Threadneedle Street had cut interest rates faster we might not be in such a deep recession.
The paper said its proposal were wholly consistent with the Chancellor's remit to the Bank, known as the Old Lady of Threadneedle Street after its London location.
THE Old Lady of Threadneedle Street - as the Bank of England is sometimes known - has seen a mouse and taken fright.
However, he admits the Old Lady of Threadneedle Street will be monitoring cash availability and be ready to respond if strains arise.