AGP Executive Report
Last update: 5 hours agoRates and Markets: The Bank of England is widely expected to raise Bank Rate from 3.75% to 4% today, its first hike in more than three years, as inflation rises. The pound has climbed to its highest level since the Brexit vote. Growth Warning: UK construction contracted at its fastest pace since June, with housebuilding hit by higher borrowing costs and weak confidence. Fintech: Revolut’s valuation has reached $115bn as it secures a UK banking licence and prepares a US launch. Consumer Finance: The FCA has issued guidance on early payouts for mis-sold car finance, while Barclays is offering compensation to customers. AI in Banking: FIS research finds 58% of UK adults are not ready to let AI manage their money, despite widespread use of AI tools for financial tasks. Investment Flows: Investors are turning away from equity funds as the UK continues to see outflows.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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