A big week for macroeconomic announcements has already seen a drop in UK inflation and ongoing Brexit transition talks, while a monetary policy decision from central banks both sides of the Atlantic is coming on Wednesday and Thursday, but what does it mean for markets?
The 21-month transition deal agreed between the UK and European Union is a welcome step but leaves unanswered questions regarding Brexit’s impact on UK businesses, industry figures have warned.
John Griffiths-Jones has used his last speech as chairman of the Financial Conduct Authority to warn over the dangers of cryptocurrencies, outline the regulator’s role in Brexit and criticise the financial legal system.
UK-based asset managers may have to shift operations to the EU 27 if a transition deal is not agreed, and Esma is pushing hard to ensure regulatory convergence across the bloc regarding moves.
Unilever has chosen to relocate its headquarters from London to Rotterdam but insisted Brexit played no part in its decision.
Brexit voting regions are more likely to favour UK equities over eurozone equities, while the opposite is true for Remain voting regions, according to the latest investor sentiment survey from Lloyds Private Bank.
The president of the Confederation of British Industry has slammed the economic policies of both the government and the opposition in a speech to business leaders, arguing renationalisation proposed by Labour ranks alongside a hard Brexit for its damaging impact on the UK.
“Great scepticism is warranted,” according to Murray International trust manager Bruce Stout, who has warned that the likelihood of central banks achieving a balancing act of withdrawing monetary stimulus and avoiding recession “is virtually zero.”
Philip Hammond has given a glowing endorsement of the UK’s financial services sector amid Brexit negotiations, insisting it is in the “mutual interest” of the UK and Europe that it is included in a free trade agreement.
Prime Minister Theresa May has chosen pragmatism over the “lunatic fringe” of the Conservative Party in her speech on the UK’s exit from the European Union, but she provided few nuggets for investors.
Companies in the Channel Islands consider talent acquisition a greater threat to their future profitability than Brexit, according to a survey.
Aberdeen Standard Investments (ASI) is to establish an investment and distribution business in Ireland to complement its existing Luxembourg operation and shore up its European offering ahead of Brexit.
