Executives at British banks are lobbying the Bank of England to sign an agreement with its Chinese counterpart, the People’s Bank of China, so that it would be easier for foreign banks to obtain yuan, reported the Wall Street Journal.

Britain has already embarked on a mission to sacrifice the dollar and the euro in favor of the yuan after British Chancellor George Osborne announced earlier in January that the British government intends to turn London into a key trading hub for the yuan.

Britain is keen to make London the second offshore yuan trading centre after Hong Kong, which is the only officially designated offshore yuan trading centre.

However, British officials and the politicians have decided to keep a low profile, leaving it to the private sector to find ways of boosting yuan trading in Britain.

This comes as British Prime Minister David Cameron met with US President Barak Obama this week so that Obama could reassure Cameron that the US would remain committed to the so-called ‘Special Relationship’ between the two countries.

The meeting came after British parliament’s Joint Committee on National Security Strategy expressed worries over the shift in the US military’s focus on areas where “the UK has little direct interest.”

At the meeting with Obama at the White House, Cameron said, “It is a pleasure to work with someone with moral strength, with clear reason, and with fundamental decency in this task of renewing our great national alliance for today and for the generations to follow.”

However, Britain’s share of “renewing our great national alliance” would take another form when financial interests come to play a role as China enjoyed an 8% economic growth rate last year while the US enjoyed a 1.6% GDP growth rate.