Recent Posts

Exit from EU to hurt London in clearing, warns France’s Hollande

  Bloomberg French President Francois Hollande targeted a key pillar of the U.K.’s financial industry, calling into question the City of London’s status as a clearing hub after Britons voted last week to leave the European Union. “The City, which could make its clearing operations in euro, won’t be able to do so any more,” Hollande said after the first ...

Read More »

Denmark dumped $750mn in kroner post EU poll

  Bloomberg Scandinavia’s biggest bank estimates Denmark sold almost $750 million in kroner to weaken the currency after it became clear early on Friday that Britons had voted to leave the European Union. The flight into safe-haven markets triggered by Brexit drove the krone to its strongest level against the euro in more than a decade, forcing the central bank ...

Read More »

Britons brace for UK exit hit as economy concern grows

  Bloomberg A larger proportion of Britons are worried that Brexit will hurt their personal finances than voted to leave the European Union last week, illustrating the extent of uncertainty among U.K. consumers in the wake of the historic vote. About 61 percent of 2,000 people surveyed by researcher Retail Economics over the weekend said they were concerned about the ...

Read More »
Send this to a friend