Breaking News
Business leaders react to the BoE emergency interest rate cut
The Bank of England has this morning announced a rate cut of 0.25% to tackle coronavirus.
Please find a comment from Giles Coghlan, Chief Currency Analyst at HYCM, reacting to the news.
“Much can be said about the timing of this cut. It comes not only amidst one of the biggest public health crisis in recent memory, but on the day Boris Johnson’s government will deliver its first highly anticipated budget.
“Like the US, the hope is to bring some immediate relief to businesses and also encourage a spike in new investment activity. It looks to be another eventful few days of trading.
“This is expected to be a temporary cut with interest rates being increased when the coronavirus outbreak is behind us. It will be interesting to see how the combination of fiscal stimulus from the Government and monetary stimulus from the Bank of England will impact the GBP today. Expect a choppy day for the GBP.”
- EXCLUSIVE: “Staying Real” – Ramon Caracas and Debra LePage, Payment Spayce in ‘The Paytech Magazine’ Read more
- AutoRek & Microsoft: Building Resilient & Compliant Finance Infrastructure Read more
- From Zero to 12 Million Customers. A Decade-Long Partnership of GoTyme Bank and BPC Drives South African Digital Adoption Read more
- Africa’s Crypto Market Matures: Fraud Rates Drop by 28% – New Sumsub Report Read more
- SymphonyAI AI Platforms Deployed for Compliance Environment at Munich Re Read more
From Zero to 12 Million Customers. A Decade-Long Partnership of GoTyme Bank and BPC Drives South African Digital Adoption
GoTyme Bank and BPC are marking a decade-long partnership that has taken GoTyme Bank from the start of the project to 12 million customers in South Africa
Africa’s Crypto Market Matures: Fraud Rates Drop by 28% – New Sumsub Report
Crypto platforms across Africa are rapidly improving identity verification performance as the industry moves toward stricter regulation
SymphonyAI AI Platforms Deployed for Compliance Environment at Munich Re
SymphonyAI supports Munich Re, one of the leading reinsurers, and subsidiaries through its financial crime platform
Zocks Launches AI Assistant for Life Insurance to Help Producers Get Policies Issued Faster
Zocks is bringing its AI-automated operational and document intelligence capabilities to the life insurance market
Allica Bank Named Most Recommended Business Bank by Over 4,000 Businesses
Allica Bank, the bank built for established businesses, has been named the UK’s most recommended business bank in the 2026 UK Banking & Finance Awards
Starling Launches UK’s First Agentic AI Financial Assistant
Starling Bank has launched the UK’s first Agentic AI financial assistant, which can help manage day-to-day finances and give general banking guidance
Alacrity Solutions Invests in AI to Strengthen Claims Performance for Insurance Carriers at PLRB 2026
Alacrity Solutions announced a significant technology investment designed to strengthen claims performance for insurance carriers
EXCLUSIVE: “Staying Real” – Ramon Caracas and Debra LePage, Payment Spayce in ‘The Paytech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
AutoRek & Microsoft: Building Resilient & Compliant Finance Infrastructure
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
From Zero to 12 Million Customers. A Decade-Long Partnership of GoTyme Bank and BPC Drives South African Digital Adoption
GoTyme Bank and BPC are marking a decade-long partnership that has taken GoTyme Bank from the start of the project to 12 million customers in South Africa
Africa’s Crypto Market Matures: Fraud Rates Drop by 28% – New Sumsub Report
Crypto platforms across Africa are rapidly improving identity verification performance as the industry moves toward stricter regulation
SymphonyAI AI Platforms Deployed for Compliance Environment at Munich Re
SymphonyAI supports Munich Re, one of the leading reinsurers, and subsidiaries through its financial crime platform
Zocks Launches AI Assistant for Life Insurance to Help Producers Get Policies Issued Faster
Zocks is bringing its AI-automated operational and document intelligence capabilities to the life insurance market
Allica Bank Named Most Recommended Business Bank by Over 4,000 Businesses
Allica Bank, the bank built for established businesses, has been named the UK’s most recommended business bank in the 2026 UK Banking & Finance Awards