Counterparty Due-Diligence Assessment Monthly Summary
The Bank of England (BoE) has kept its main interest rate unchanged at a 16-year high of 5.25% in June but some policymakers said their decision not to cut rates was now “finely balanced”. The BoE’s Monetary Policy Committee (MPC) voted 7-2 to keep rates on hold. BoE Governor, Andrew Bailey, said in a statement […]
Counterparty Due-Diligence Assessment Monthly Summary
The International Monetary Fund (IMF) has warned the UK Government that it is on course to miss its debt target and should not cut taxes before an election with tax rises likely to be needed in future. However, the IMF increased its projection for UK economic growth in 2024 to 0.7%, from an April forecast […]
Counterparty Due-Diligence Assessment Monthly Summary
Economists are split on the timing of the first Bank of England (BoE) rate cut. The consensus view of the latest Reuters monthly poll of economists is for the BoE to wait until the third quarter to lower borrowing costs although almost half of those surveyed said the central bank would cut interest rates in […]
Mike Tindall Charity Challenge 2023
We were honoured to continue our support for the Matt Hampson Foundation and Give Them A Sporting Chance – two charities that are doing an incredible job supporting those with life-changing injuries or disabilities, helping them to adapt to their new life or giving them the opportunity to make their dreams come true. Our guests […]
Perfecting the Pillars of Cash Management
The recent turmoil in the banking and financial system with the collapse of three U.S. regional banks – Silvergate Bank, Signature Bank, Silicon Valley Bank (SVB) and 167-year-old Credit Suisse in Europe, suggests now would be as good a time as any for businesses to review their approach to perfecting the pillars of cash management […]
Mike Tindall Charity Challenge 2022
FXD Capital proudly sponsored the Mike Tindall Charity Challenge, alongside City AM, at the Royal Berkshire Shooting School. Mike Tindall, MBE, the former England, Bath and Gloucester rugby player joined FXD Capital back in May 2019. Having been working on developing our client relationships these past few years, it was a pleasure to finally be […]
To Infinity and Beyond
The impact of the soaring costs on businesses this year is substantial as central banks continue to step up the pace of rate tightening. While market expectations have been quite volatile in 2022, further rate hikes are expected for the remainder of the year and into 2023. That said, central banks do see inflation falling to […]
Insights
Your weekly economic update from the team at FXD Capital On Wednesday, the chancellor’s Spring Statement was a frustrating exercise in obfuscation, will minimal evidence of tangible assistance to households facing a cost of living crunch. The main headlines were cuts to fuel duty by 5p, increases to national insurance thresholds and a 1% cut […]
Insights
Your weekly economic update from the team at FXD Capital The Bank of England raised interest rates to 0.75% on Thursday, a move most expected and the only surprise arising was the measly 0.25% shift. Eight of the nine Monetary Policy Committee members voted in favour of the change. The sole vote against came from […]
Insights
Your weekly economic update from the team at FXD Capital UK economic figures for January displayed positive signs of a rebound following the Omicron scare in December. GDP rose 0.8% on the month, exceeding analyst expectations and shutting the door on any technical recession murmurs following the previous print of -0.2%. Nevertheless, UK GDP is […]