Bank of England's Interest Rate Decision and Its Currency Market Impact
Posted on the 2nd November 2023 by Hamish Anderson in Founders' blog, General news, News, Business, Finance, Founder Insights
In today's global economy, the decisions made by central banks can have an impact on businesses worldwide. One such decision was made today by the Bank of England when it chose to hold interest rates steady at 5.25%. In this blog post, we will contemplate the Bank of England's decision, its influence on currency markets, and why businesses should pay close attention.
The Future of Cross-Border Payments: Bank of England Predicts a Monumental Surge
Posted on the 29th August 2023 by Hamish Anderson in SME blog, Business, Founders' blog, General news, Founder Insights
In the rapidly evolving landscape of international finance, the dynamics of cross-border payments play a pivotal role. As technology continues to redefine our world, the financial sector is no exception. The Bank of England's recent prediction of a significant increase in the value of cross-border payments from $150 trillion in 2017 to over $250 trillion in 2027 is not just a statistic; it's a testament to the power of innovation and global connectivity.
Continue readingMoney Mover launches multi-currency wallets
Posted on the 28th September 2021 by Alex Garbutt in News, Business, Finance, Money Mover News, General news
Running foreign currency bank accounts is often expensive, complicated and time-consuming, but there is an easier way. Money Mover’s multi-currency wallets give you and your business access to virtual accounts in 25+ currencies, all fully integrated within Money Mover’s cloud-based platform. Receive funds with your own IBAN, BIC/SWIFT, account number and sort code, hold funds in currency wallets, convert at bank-beating exchange rates and make payments to over 200 countries around the world.
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