Mark Veldon, Co-Head of EMEA at AlixPartners, comments on today’s Bank of England rate decision

“The BoE's decision to drop the rate by 0.25% is a clear reaction to fuelling growth in the economy amidst the current trade environment. We have also seen the pound gain strength against the dollar over the past couple of weeks, which is positive for overseas acquisitions. Regardless of this, the global market remains volatile.
 
“Yet another cut to the rates is optimistic for borrowing and acquisitions, a welcome boost to UK private companies across the board if market volatility can be suitably managed. Although positive news, businesses should remain cautious in deploying dry powder or new credit while the market remains unpredictable.”