Old Lady of Threadneedle Street


Also found in: Dictionary, Thesaurus, Legal, Idioms, Encyclopedia.
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 ?
Few events in the life of The Old Lady of Threadneedle Street, as the Bank of England is affectionately known, are as significant as the appointment of a new Governor.
The Old Lady of Threadneedle Street spent PS3,324 on a retirement reception for the ex-monetary policy committee (MPC) member, who stepped down on August 8.
If Carney and Osborne target the UK home mortgage market with loan-to-market value caps at a time when oil prices go ballistic, the Old Lady of Threadneedle Street is now on tight money alert.