The coronavirus pandemic continues to wreak havoc on financial markets worldwide. Oil dependent countries were the worst hit but every major currency has been affected.

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.

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.

Monetary authorities around the world are continuing to battle hard to combat the economic risk posed by the coronavirus pandemic.

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.