Fake bank notes circulating in Carlisle - here's how to spot the difference
CARLISLE Business Crime Awareness group is urging people to look out for fake bank notes which it says have been circulating in Carlisle this week.
A £20 note was also tendered in Penrith town centre on Monday, but the business was able to spot the counterfeit.
This comes after a message from South Lakes Police last month, who reported that fake £20 notes were used in a small business and charity shop in Kendal.
Cumbria Safer Business Partnership are members of the Bank of England Note Checking Scheme. They have stickers available for any business that may want one which say 'all notes are checked'.
READ MORE: 'Check your change': This 50p coin is selling for more than £200 - how to spot
The Bank of England has put together a guide on how to tell if a bank note is genuine by focusing on two key security features.
On the bottom of the note should be a hologram, when you tilt the note from side to side, the words will change between the value of the note, 'five' and 'pounds'.
Within the two gold foil squares on the front of the £50 note, the images change between '50' and a '£' symbol when the note is tilted.
On the metallic image over the see-through window, the foil should be silver on the back of all notes. On the front of the £5 and £10 it should be gold, gold and blue on the front of the £20 and gold and green on the front of the £50.
READ MORE: Martin Lewis says today is the day to claim part of £3bn of energy bill credit
Other security features on the £5 note include a circular, green foil patch containing the word 'BLENHEIM'. This is on the back of the note, directly behind the silver crown.
There should be a silver foil patch which contains a 3D image of the coronation crown, above the see-through window on the front of the note. There should also be a portrait of King Charles III or Queen Elizabeth II printed on the window with '£10 Bank of England' printed twice around the edge.
The £20 note has a round, purple foil patch which should contain the letter 'T'. This is on the back of the note, directly behind the silver crown. On the front of the note, you should also be able to feel raised print on the words 'Bank of England' and in the bottom right corner.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
14 hours ago
- Bloomberg
UK Household Inflation Expectations Fell Before April CPI Spike
UK households had been expecting inflation to slow over the coming year, according to a Bank of England survey that was conducted before the sudden jump in consumer prices reported last month. The BOE's quarterly Inflation Attitudes Survey published on Friday showed the public believed inflation would fall to 3.2%, down from 3.4% at the last survey in February, in a sign that the central bank has had some success in bringing down people's expectations of price growth. It was the first decline in almost a year.
Yahoo
18 hours ago
- Yahoo
Oil prices soar after Israel launches strikes on Iran's capital
Oil prices have surged after Israel launched an attack on Iran's nuclear programme with financial markets anxious over retaliatory action. The price of Brent crude jumped nearly 10% higher at one stage before easing back a little to stand 7% higher at 74 US dollars a barrel. The strikes by Israel on Iran's capital Tehran early on Friday are said to be the most significant attack the country has faced since its 1980s war with Iraq and have led to concerns over an all-out conflict between the two Middle Eastern countries. In Washington, the Trump administration said it had not been involved in the attack and warned Iran not to retaliate against US interests or personnel. It threatens disruption to the supply of crude from the Middle East while some traders flagged concerns it could also impact the flow of liquified natural gas (LNG) if tensions escalate. There were also heavy overnight losses on Asian stock markets as the worries spooked investors, with the Hang Seng down by more than 1% and Japan's Nikkei 225 off by nearly 1%. Rising oil prices could threaten to push up inflation in the UK, possibly impacting the outlook for further interest rate cuts. The Bank of England has been cutting rates but, as inflation strays further from the 2% target, it has less leeway to bring down borrowing costs. Derren Nathan, head of equity research at Hargreaves Lansdown, said: 'It's not just the outlook for Iranian exports that's a concern but also the potential for disruption to shipping in the Persian Gulf's Strait of Hormuz, a key route for about 20% of global oil flows and an even higher proportion of liquified natural gas haulage.' He added: 'The escalation of military action adds another factor to consider for central bankers in an already complex world as they weigh up the inflationary impact of ever-changing tariff rates and a weakening outlook for jobs and growth.'
Yahoo
a day ago
- Yahoo
Dollar slides to three-year low after Trump repeats tariff threats
The dollar sank to its lowest in more than three years on Thursday as Donald Trump's latest trade threats and the weakening economy appeared to bring forward interest rate cuts by the Federal Reserve. Foreign exchange traders sold the dollar in favour of the yen and the euro, which both climbed by about 1% against the US currency to leave it almost 10% down on its value against a basket of currencies since the beginning of the year. Analysts said there was little appetite to buy dollars at a time when recent data showed the jobs market weakening and while erratic White House policies clouded the outlook for the US economy. The slide came after the US president revived last month's threat to unilaterally impose country-specific tariff rates within the next two weeks. 'We're going to be sending letters out in about a week and a half, two weeks, to countries, telling them what the deal is,' Trump told an event in Washington on Wednesday. Markets were also unsettled by growing speculation that the Federal Reserve would begin to cut the cost of borrowing more quickly than expected after consumer inflation came in lower than expected and producer inflation dropped. Weaker job hiring was another factor after the four-week average number of initial applications for unemployment support rose by 5,000 to 240,250 in May, the highest since August 2023. 'There's clearly solid dollar selling,' said Kit Juckes, the chief foreign exchange strategist at Société Générale. Talks between India and the US over tariffs on steel and aluminium imports imposed by Washington – and the threat of import duties on Indian pharmaceuticals – were also reported to be at loggerheads, leading to speculation that if talks break down, New Delhi may retaliate with tariffs on US imports. Bloomberg reported that India's negotiators had objected to a long list of US demands that included allowing genetically modified crops to be imported and the easing of price controls on medical devices. However, the UK is expected to get a trade boost after Trump indicated that he would put into force the bilateral trade deal signed with Keir Starmer last month, allowing the UK to avoid the extra import duties on cars in return for more relaxed quotas on US beef and ethanol exports to the UK. However, the pound's rise against the dollar to almost $1.36 was choked off by concerns that the UK economy was also suffering more than expected, and that an earlier intervention by the Bank of England to cut interest rates would reduce the demand for sterling. The UK economy slumped by 0.3% in April, potentially bringing forward the date when the Bank of England cuts interest rates again. Policymakers meet next week, but are not expected to reduce the cost of borrowing from its 4.25% level until August at the earliest. Vasileios Gkionakis, a senior economist at Aviva Investors, said the consistent depreciation of the dollar since Trump's inauguration was probably due to a lack of faith in the US economy under Trump to grow at an exceptional pace, as it had in recent years. He said higher US government debts, which Trump has signalled will escalate once his tax bill passes both houses of Congress, was another deterrent to buying dollars. 'All this is agitating markets, who in order to lend to the US would require a combination of higher [interest rates] and a weaker exchange rate,' he said.
