Bank of England

Queen Elizabeth II was Britain's first monarch to be placed on the country's paper notes. There is no word yet on what new bank notes will look like, but there's a longstanding tradition for coins.

Soaring natural gas prices are likely to drive consumer price inflation to 13.3% in October, the bank said. That will push Britain into recession later this year, bank forecasts show.

The Bank of England unveiled the new £50 note on Thursday, nearly two years after saying it would honor the pioneering mathematician who died an outcast because of his homosexuality.