US banks could benefit from Brexit, execs say
Banking business from London could shift to the US, rather than another European country, as part of the fallout from the UK’s vote to leave the EU, says John Nelson, chairman of Lloyd’s of London. […]
UK
BoE official: Lower pound softens Brexit’s effect
The rapid fall in the value of the British pound has acted as an “important shock absorber” for the economy after the UK’s vote to withdraw from the EU, said Ben Broadbent, the deputy governor […]
U.K. CPI reached its highest level in almost two years
U.K. CPI reached its highest level in almost two years in September, rising to +1% on year from +0.6% in August and topping consensus of 0.9%. The U.K.’s Office of National Statistics says it hasn’t […]
ECB: Single-market rules can’t be bent for UK
The UK should not be given exceptions to single-market rules in Brexit negotiations, European Central Bank President Mario Draghi says. “It is very hard to imagine that any agreement that will be perceived as discriminatory […]
Downing Street met Wall Street
Downing Street met Wall Street late Monday as Theresa May landed in New York to consult with some of America’s largest firms over how her country should proceed with Brexit. The prime minister held two […]
EU leaders are gathering in Bratislava to seek a unified response to Brexit
EU leaders are gathering in Bratislava to seek a unified response to Britain’s decision to leave the bloc amid what the European Commission President has described as an “existential crisis.” The summit meeting will be […]
The British government will not trigger Brexit before the end of the year
The British government will not trigger Brexit before the end of the year, Antonia Romeo, UK consul general in New York, said at a SIFMA symposium Thursday. “It is critical that such a process is […]
BoE holds interest rates at 0.25%
The Monetary Policy Committee of the Bank of England voted unanimously Thursday to hold rates at 0.25% as August economic data were better than expected with consumer price inflation holding steady. Rates are expected to […]
UK Bank execs press on Brexit plans
UK bank executives and insurers have made their case on Brexit in a meeting with Chancellor Philip Hammond, who says he wants the best deal for the industry. “It is important Britain maintains its status […]
Amazon to start restaurant deliveries in London
Amazon (NASDAQ:AMZN) will start delivering meals from restaurants direct to customers in some parts of the city, the newest entrant to an increasingly competitive market which includes Just East, UberEats and Deliveroo. The “Amazon Restaurants” […]