Pride in London 2016: The Bank of England will fly the rainbow flag for the first time this year, but the FCA has started celebrating already

Edith Hancock
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The BoE will swap the Union Jack for something with a little more colour

The Square Mile is catching Pride fever.

News reaches the Capitalist from the Bank of England that the annual celebration of the LGBT community in London is going to be extra special this year.

The Bank of England is making LGBT history by flying the rainbow flag over its building for the first time next weekend.

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The BoE will fly the rainbow flag atop its building from Friday 24 June, the first time in the central bank's history that it has flown anything other than the Union Jack.

"It's very exciting", said a spokesperson. "We'll be marching in the Pride parade with our own bus next weekend, but this will be extra special."

The Bank has flown the Union Jack over its Threadneedle street since Scotland and England were united in the 18th Century, but folks at the BoE will fly in the face of traditionalism next week as the rainbow flag, a symbol of the gay and lesbian community, will take pride of place on Threadneedle street all weekend.

But Britain's regulatory bodies have more plans in-store. A spokesperson told The Capitalist that the central bank will have its very own bus in the annual Pride parade on 25 June, and will be joined by representatives from the Money Advice Service, the Financial Ombudsman, the Payment Systems Regulator and the Financial Services Compensation Scheme.

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Meanwhile, the Financial Conduct Authority (FCA) has started it's celebrations early, painting it's plant-pots in rainbow colours to celebrate the City's diversity.