The coronation of King Charles III of England took place on Saturday 6 May, raising high expectations of the effects on England's financial and currency markets. As with any change in leadership, this event raised questions about the impact on the country's economy and currency.

Indeed, it was a time of great celebration for the British people, with thousands of people coming to attend the ceremony. As the new monarch, King Charles III must now assume the responsibilities and duties of his new position.

As far as the financial market is concerned, events such as coronations often have an effect on the London Stock Exchange. Investors may see the coronation as a time of stability and confidence, which can lead to an increase in financial investment in the country. Investors may be encouraged to invest in British companies because of the monetary sustainability that the coronation can bring.

This may also have an effect on the British currency. Investors may be more inclined to invest in sterling because of the increased stability of England. This may also lead to an increase in the value of the pound against other currencies, which may be beneficial to the UK economy as a whole.

In addition, to mark the occasion, King Charles III welcomed representatives of the Royal Mint to Westminster Castle to receive the first £5 gold coin minted to mark his coronation. The coin is the first to feature the image of the King with a crown, marking the occasion.

In addition, the first official portrait of King Charles III was designed by Martin Jennings and will appear on all new coins marking the coronation of King Charles III and Queen Camilla. 

Finally, the coin range will include three different new reverse designs, chosen for specific denomination, metal and size ranges.

To mark the occasion, we are featuring the famous Charles III Commemorative Sovereign 2022 in gold, a special edition Sovereign coin struck in honour of Queen Elizabeth II's remarkable reign and also featuring the official portrait of King Charles III.