policymakers voted unanimously to slash interest rates from 0.75% to 0.25% to defend against the impact of the coronavirus.

[vc_row][vc_column][vc_column_text]Currency markets were rocked last week after a number of central bank’s moved to cut interest rates, as the economic impact of the coronavirus threatens to plunge parts of the world into a recession. Amidst an extremely chaotic start to the week we have seen GBP/EUR trading close to a five-month low at €1.1436, while […]

The pound weakens and was placed on the back foot again yesterday as a disappointing services PMI weighed heavily on Sterling sentiment.

With a reduction of up to 0.25% BNP Paribas International are offering exclusive rates to clients of French Mortgage Xpress for the ‘Fixed Rate Interest Only mortgages in the summer of 2017.*

The Bank of England rate decision meeting didn’t provide any fireworks yesterday, as UK policymakers voted 9-0 in favour to keep interest rates unchanged. Despite signalling further rate cuts in the future, the decision didn’t come as a surprise considering the amount of stimulus they introduced last month. The central bank is monitoring recent data […]

The main story dominating the market yesterday was the Bank of England’s decision to cut interest rate by 25bp, to a new record low of 0.25%, and the launch of a massive stimulus package designed to save the UK economy from recession. The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to slash interest […]