LONDON (Reuters) – The London Stock Exchange said its pan-European share trading arm Turquoise will offer trading in EU-listed shares on its Dutch platform from the end of next month if there is no agreement on future direct access to the bloc by then. Brussels is assessing whether to allow […]
Brexit
At two-week high with eyes on Brexit negotiation, Trump’s recovery
GBP/USD flirts with 1.3000 amid broad US dollar weakness, mild risk-on mood. Odds favoring no-deal Brexit gradually recede as EU-UK policymakers talk business. UK PM Johnson stays optimistic to overcome the pandemic, Sunak sounds a bit skeptic. Trump gasps, fuels rumors of not being “20-year younger” after the COVID-19 treatment […]
UK’s Johnson doesn’t want a no-deal Brexit but can live with it
LONDON (Reuters) – British Prime Minister Boris Johnson does not particularly wish for the Brexit transition period to end without a new trade deal in place but believes that Britain could live with such an outcome, he said on Sunday. With the Dec. 31 expiry of the transition period fast […]
More than 7,500 finance jobs have left Britain for Europe, EY Brexit tracker
LONDON (Reuters) – More than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as banks prepare for full-blown Brexit in January, consultants EY said on Thursday. Banks, insurers and asset managers have opened new or expanded existing hubs in the EU […]
Brexit, beef and branding: INHFA outlines Budget 2021 proposals
Oct 2, 2020, 9:53am The government has been called on “to ensure that all farmers are catered for in this year’s budget”. This comes as the Irish Natura and Hill Farmers’ Association (INHFA) sets out its proposals for Budget 2021. While acknowledging the impact of Covid-19, especially in relation to […]
Brexit Prompts 7,500 City Jobs, $1.6 Trillion to Leave U.K.
(Bloomberg) — Financial services firms operating in the U.K. have shifted about 7,500 employees and more than 1.2 trillion pounds ($1.6 trillion) of assets to the European Union ahead of Brexit — with more likely to follow in coming weeks, according to EY. © Bloomberg Pedestrians in the Canary Wharf […]
More than 7,500 finance jobs leave Britain for Europe following Brexit talks
Watch: More than 7,500 finance jobs leave Britain for Europe following Brexit talks More than 7,500 finance jobs and a trillion pounds in assets have left Britain for the European Union, said consultants EY on Thursday. The exodus by banks follows fears of a full-blown Brexit in January as the […]
More than 7,500 finance jobs have left Britain for Europe – EY Brexit tracker
LONDON (Reuters) – More than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as banks prepare for full-blown Brexit in January, EY consultants said on Thursday. Banks, insurers and asset managers have opened new or expanded existing hubs in the EU […]
Brexit and the City: Brussels’ new battle to rival London in finance
Within hours of the UK’s Brexit referendum result in 2016, Jason Waight and colleagues at electronic trading platform MarketAxess met in their London offices to discuss opening a new operation in continental Europe. The decision was inevitable, he says, given the need to ensure EU27 clients do not suffer interrupted […]
Brexit: Finance ministers ‘concerned’ over Internal Market Bill
Image copyright Pacemaker Image caption Conor Murphy and his counterparts in Wales and Scotland met to discuss their concerns with the Internal Market Bill The Stormont finance minister and his Welsh and Scottish counterparts said they “have concerns” about what the UK Internal Market Bill will mean for funding for […]
Michel Barnier says Brexit trade deal CAN still be done
Michel Barnier has told EU ambassadors he believes a trade deal with the UK can still be agreed despite mounting tensions between the two sides after Boris Johnson accused the bloc of being ‘abusive’ during talks. The EU’s top negotiator is said to have informed diplomats from the bloc’s 27 […]
No-deal Brexit would hurt UK more than EU, says German finance minister
© Provided by City AM A no-deal Brexit would do more damage to the UK economy than the European Union’s, according to the German finance minister. Speaking on Saturday following a meeting of 27 EU finance ministers in Berlin, Olaf Scholz said there would be “significant consequences” for Britain. Read […]
Pound under pressure with Brexit talks on a knife edge
EU Chief negotiator Michel Barnier gestures as he leaves after a meeting at Westminster Conference Centre in London, Thursday, Sept. 10, 2020. Photo: AP Photo/Kirsty Wigglesworth The pound remained near six month lows against the euro on Friday, amid continued sky-high tensions between the UK and EU over Brexit. Sterling […]
Brexit Threatens to Strip U.K. Pilots of Right to Fly EU Planes
Photographer: Chris Ratcliffe/Bloomberg Photographer: Chris Ratcliffe/Bloomberg British pilots already fearing for their jobs as the coronavirus crisis hammers air travel face a new risk as a potential no-deal Brexit threatens to deprive them of the right to fly European Union-registered planes. With the U.K.’s split from the EU set to […]
Government admits new Brexit bill ‘will break international law’
© Provided by The Guardian Photograph: Justin Tallis/AFP/Getty Images The government has admitted that its plan to reinterpret the special Brexit arrangements for Northern Ireland will break international law. The Northern Ireland secretary, Brandon Lewis, astonished backbenchers when he told the House of Commons: “Yes, this does break international law […]
Small firms call for Brexit transition vouchers amid negotiation deadlock
The Federation of Small Businesses (FSB) on Monday called for targeted financial support from the UK government to aid firms with their Brexit planning. Noting that small businesses have been “flat out” dealing with coronavirus-related disruption over the past six months, the FSB said the introduction of so-called transition vouchers […]
Cracks appearing in the fragile Brexit negotiation?
Market movers today This morning we get July production data for Germany, Denmark and Norway at 08:00 CEST. Also keep an eye on Chinese trade data for August at 09:00 CEST. Besides that, we get weekly notice data for Sweden and Sentix Investor Confidence for the euro area at 12:00 […]
Brexit news: EU plans negotiation WALKOUT after Boris Johnson trade threat | Politics | News
In an furious outburst, top eurocrats signalled they were ready to quit the negotiations unless Boris Johnson univocally agreed to implement a series of checks on trade between Great Britain and Northern Ireland. European Commission President Ursula von der Leyen said honouring the Withdrawal Agreement signed last year is a […]
Sterling loses out to rebounding dollar; no-deal Brexit fears rise
LONDON (Reuters) – Sterling fell against the dollar for the third day in a row on Friday, retreating from its recent highs, as the dollar strengthened and Brexit risks weighed on the pound. FILE PHOTO: Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria […]
Bank of England’s Bailey slams EU barrier to investment banking services after Brexit
LONDON (Reuters) – An EU refusal to grant cross-border access to investment banking services from the CIty of London shows how the bloc wants to force Britain to keep adopting its rules in future, Bank of England Governor Andrew Bailey said on Wednesday. FILE PHOTO: Bank of England Governor Andrew […]