Bank of England wildlife banknotes

What happened: The Bank of England has announced that native British wildlife will replace historical figures on the next series of banknotes, with the public to decide which creatures feature. Eighteen animals, birds, and insects have been shortlisted, including the kingfisher, common frog, puffin, and bumblebee. The Bank aims to reflect the UK's natural heritage and national identity through these designs.

Market impact: This narrative directly impacts the printing and design of banknotes, affecting companies like De La Rue and other security printers. The shift towards wildlife themes may also influence related industries such as nature conservation and tourism, as the selected species gain increased public attention. The Bank of England's decision to engage the public in the selection process could also drive temporary increases in public engagement with the bank and its policies.

What to watch next: The Bank of England's final selection of wildlife for the next series of banknotes, expected in late 2023 or early 2024, will determine which species gain increased public recognition and potential economic benefits. Additionally, the public voting process, set to begin in late 2022, will provide insights into the UK's collective appreciation for its natural heritage and could influence future conservation efforts.