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Expert market insight and updates to help you navigate the ever changing global currency markets
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Bank of England’s “dovish hold” hints at December rate cutWhile tech stocks had their worst week since the Liberation Day sell-off in April, currency markets largely took the AI mini-crash in stride.
In order to preserve the security of its employees and continue to provide high quality financial services to its customers, all of Ebury’s offices and operations have moved to remote working.As a cloud first organisation Ebury has always been very well placed to operate wherever it needs to be.
Monetary authorities around are continuing to battle hard to combat the economic risk posed by the coronavirus pandemic.As we mentioned in our afternoon note yesterday, the Bank of England cut interest rates to a record low 0.1%, an unprecedented 15 basis point rate cut, while also ramping up its QE programme by £200bn.
Monetary authorities around the world are continuing to battle hard to combat the economic risk posed by the coronavirus pandemic.
In order to preserve the security of its employees and continue to provide high quality financial services to its customers, all of Ebury’s offices and operations have moved to remote working.
The Bank of England surprised the market again on Thursday, ramping up its stimulus measures as it attempts to allay the impact of the COVID-19 virus on the UK economy.The bank’s main base rates was lowered by another 15 basis points to 0.1% during an emergency meeting, the second such meeting in just over a week.
Sterling was nursing its bruises this morning following an extraordinary volatile day that saw it crash to its lowest level versus the US dollar since 1985.The pound fell to a more than 30-year low around the 1.145 mark on Thursday at one stage, a decline of approximately 5%.
The Bank of England surprised the market again, ramping up its stimulus measures as it attempts to allay the impact of the COVID-19 virus on the UK economy.
Currency markets continue to be extremely volatile with Sterling crashing to a 35 year low. Plus, the ECB announces massive stimulus programme.
Ebury and Crédito Agrícola have signed a partnership that will allow the bank's corporate clients to carry out foreign exchange transactions...
The UK government’s gigantic fiscal stimulus programme announced by Chancellor Rishi Sunak did little to inspire sterling on Tuesday.The stimulus measures, designed to allay the economic impact of the coronavirus, are of an unprecedented scale.
