Search Results for brexit
Brexit could undercut US financial stability for years
The UK vote to withdraw from the EU is “a negative shock to investor confidence” that has increased risk to the stability of the US financial system and could lead to excessive risk-taking and borrowing, […]
Brexit has yet to significantly hit UK economy, BoE says
Britain has not experienced a marked downturn in its economic growth since its vote to leave the EU, and businesses intend to move forward with short-term investments and hiring plans, the Bank of England’s Agents’ […]
4 ways Brexit could play out for the UK
The UK’s Brexit path is likely to play out in one of four scenarios, according to the Financial Times: hostile divorce, clean break, amicable transition or not at all. Financial Times (tiered subscription model) (20 […]
IMF downgrades global economic forecast to account for Brexit
The International Monetary Fund cut its global economic growth projections by one-tenth of a percentage point to 3.1% this year and 3.4% next year to reflect the likely consequences of the UK’s surprise decision to […]
UK lawmakers: Brexit raises issues for Fintech
The British government must move swiftly to clarify the effect of the UK’s withdrawal from the EU on the ability of British fintech firms to gain access to the EU’s Digital Single Market and employ […]
The British pound moved to its highest level since November 2018
The British pound moved to its highest level since November after The Sun reported that Northern Ireland’s Democratic Unionist Party has privately decided to back Prime Minister Theresa May’s Brexit deal on a conditional basis […]
The IMF downgraded its global growth forecast
The IMF downgraded its global growth forecast to 3.5% from 3.7% in its October outlook, partly due to the negative impact of U.S. and China tariff increases. Risks to economic growth are “tilted to the […]
JPMorgan reportedly researching a Europe base
JPMorgan Chase is actively seeking a European base away from London and a team of 75 bank officials have considered as many as eight cities, sources said. They have been evaluating multiple aspects from local […]
U.K. inflation rose to 1.2% in November
U.K. inflation rose to 1.2% in November, beating analyst expectations for a 1.1% increase and marking the highest rate since October 2014. Meanwhile, U.K. Chancellor Philip Hammond has backed a longer period to manage a […]