Global Growth Expected to Ease

According to The World Bank, global growth is projected to stabilize at 3.1 percent in 2018—the same pace as last year—supported by firming investment in advanced economies, a continued recovery in commodity-exporting emerging market and developing economies, and still robust growth in commodity-importing ones. However, only in a minority of countries will activity accelerate further this year, and global [...]

By |2018-06-25T11:52:08+00:00June 25th, 2018|International|0 Comments

Debit Card Payments Overtake Cash with Contactless Payments Rising Sharply

Debit card payments have overtaken cash use. New figures show contactless technology is taking a firm hold on day-to-day spending with 25-34 year olds embracing the rise of new technology faster than expected. According to banking trade body UK Finance. 13.2 billion debit card payments were made last year versus 13.1 billion cash payments. 14% [...]

By |2018-06-18T10:50:14+00:00June 18th, 2018|Financial|0 Comments

Brexit Vote Likely to Impact Sterling

Sterling traders will be keeping a close watch on proceedings in the House of Commons where MPs will be voting on 15 House of Lords amendments to the EU Withdrawal Bill. These amendments include requiring the UK to negotiate a customs union with the EU before passing the final bill and giving parliament more [...]

By |2018-06-11T17:29:50+00:00June 11th, 2018|Financial|0 Comments

Banks tackle fintech challengers as they struggle to be preferable to a dentist visit

According to the Millennial Disruption Index, 71 per cent of young people would rather go to the dentist in Marlborough than listen to what their bank is saying, and new research from Viacom’s research arm, Scratch, finds a third of Millennials expect to be bank-free in the near future. Meanwhile 75 per cent say they would prefer [...]

By |2020-07-28T14:05:03+00:00June 6th, 2018|Financial|0 Comments

High-cost credit review findings from the Financial Conduct Authority

On Thursday the Financial Conduct Authority published its review of high-cost credit and has outlined a number of key areas which will see UK banks having to develop technology to help customers at risk of slipping into debt, as well as a range of financial management tools to make it easier to keep on [...]

By |2018-06-01T16:05:01+00:00June 1st, 2018|Financial|0 Comments
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