After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Banks reject offer to snap up Threadneedle Street’s pre-referendum emergency cash June 21, 2016 UK lenders have shunned the latest offer from the Bank of England for emergency liquidity ahead of the EU referendum, just two days before voters head to the polls. In the second of the Bank's extraordinary auctions of short-term financing, where banks can swap assets for cash, only £370m was taken up by City institutions – the [...]
EU referendum: Sterling hits five-month high against the dollar June 21, 2016 The pound has soared to its highest level against the dollar since David Cameron set the date for the EU referendum, as Brexit fears eased and banks shunned the offer of emergency cash from the Bank of England. Sterling hit a high of $1.4783 this morning – well up on the lows of $1.41 plumbed [...]
What will happen to UK equities if we leave the European Union? June 21, 2016 The pound and the FTSE soared yesterday, as the Remain camp wrestled back its lead in the polls. But the outcome of Thursday’s EU referendum is far from clear, with pundits saying that voter turnout will be pivotal in determining whether the UK stays or leaves. If Article 50 is triggered and sterling dives, what should [...]
Robot rubbish: Most workers don’t fear automation June 21, 2016 The robots are coming, or so say experts, pundits and commentators. The World Economic Forum predicted that expanded automation and artificial intelligence (AI) would mark the fourth industrial revolution, which could lead to the biggest upheaval in the labour market in a century. Meanwhile, the Bank of England’s Andy Haldane has hypothesised that up to [...]
Brexit and the pound: How hard will battered sterling hit our economy? June 21, 2016 The pound has strengthened as the latest polls show public feeling has swung towards a remain vote this Thursday. Sterling rose 2.3 per cent to $1.4693, the biggest one day gain in over seven years. The last time it rose this sharply was 12 September 2008, days before Lehman Brothers filed for bankruptcy. “Three polls over [...]
EU referendum: Interest rates key to swaying undecided voters, says new research June 20, 2016 While the outcome of the EU referendum is still anybody's guess, interest rates may hold the key to swaying undecided voters, according to new research. Polling commissioned by ClearScore, a service which allows customers to access their credit report, found that some 61 per cent of undecided voters cited the possible impact of an interest [...]
EU referendum: JD Wetherspoon has printed new Brexit beer mats – this time they’re directed at George Osborne June 20, 2016 Clearly not content with offering just one round of Brexit beer mats, JD Wetherspoon has printed another set – and this time George Osborne is in the firing line. The pub group, led by the staunchly pro-Brexit Tim Martin, has printed 500,000 of the new beer mats for use across its 920 UK pubs ahead of [...]
EU referendum: Economic scare stories are getting dangerous June 20, 2016 With just days to go until the country votes, and after a pause following the tragic and appalling events of last week, referendum campaigning has resumed. The Remain camp has been gaining ground, but its lead is not comfortable enough for David Cameron to sleep easily. Warnings about the potential impact of Brexit on the economy [...]
The murder of Jo Cox was an attack on our society – but freedom and justice will prevail June 20, 2016 The chancellor of the Exchequer and the governor of the Bank of England joined leading City figures at the Mansion House last week for the annual Bankers’ Dinner. The mood was of course very different to previous years after the shocking and horrific death, earlier that day, of the MP Jo Cox. The chancellor, the [...]
As the Bank of England launches an accelerator, will fintech transform central banking as much as other financial services? June 20, 2016 Nick Bouch, financial services data leader at PwC, says Yes. The rapidly changing tech landscape raises a challenge to central banks to keep pace with the sophistication of the economic activity they govern. With the rise of blockchain, cloud, mobile and robotics, economic activity is shifting at an ever increasing pace from physical to digital. [...]