Search Results for: Sterling
ICAP published its Trading Statement;Positive momentum from investment in new products
July 13th, 2016
Positive momentum from investment in new products EBS BrokerTec wins contract to deliver technology to CFETS Transaction with Tullett Prebon on track to complete later this year ICAP plc (IAP.L), a leading markets operator and provider of post trade ...
Pound rallies as UK political storm subsides
July 13th, 2016
Sterling climbed for a fourth consecutive trading session on Wednesday as Theresa May gets ready to become Britain’s new prime minister, removing the political uncertainty over the Conservative Party’s leadership. The British currency rose to $1.3326 on Wednesday, its ...
What Brexit means for accountants
July 13th, 2016
Shortly after the UK voted for Brexit on 23 June, sterling hit a thirty year low against the dollar and the UK has had its credit rating downgraded by two different agencies. It is currently unclear whether these repercussions ...
IRS takes Facebook to court
July 12th, 2016
Feds are demanding corporate records of its offshore assets. Signaling a shift in enforcement tactics against big companies that make money from intellectual property, federal tax officials have sought a court order demanding internal corporate records related to one ...
Can You Imagine The Fed Raising Interest Rates In This World? Europe In Chaos Edition
July 7th, 2016
Two short months ago it was generally expected that US interest rates would rise for the balance of the year — a move made possible by steady economic growth and general global stability. Here’s a representative piece ...
One of the worst markets hit in the last two-weeks has been Italian banks
July 6th, 2016
While most of the post-Brexit headlines have centred on the fall in value of sterling and the surge of interest in safe havens such as gold and government bonds, one of the worst markets hit in the last two-weeks has been Italian banks. ...
British pound plunged to fresh 31-year lows
July 6th, 2016
The British pound plunged to fresh 31-year lows on Wednesday, swamped by continued fears over the U.K. leadership vacuum and the country’s potential exit from the European Union (EU). The pound tumbled as low as $1.2796 during Asia trade on Wednesday, ...
Global stocks slide, bonds surge as Brexit fears resurface
July 6th, 2016
Asian share markets turned tail on Wednesday as fears over instability in the European Union returned with a vengeance, sending the pound to three-decade lows and hammering risky assets of all stripes. In frantic trading reminiscent of the fateful ...
Bank of England published Financial Stability Report
July 5th, 2016
It is the statutory responsibility of the Financial Policy Committee (FPC) to identify, monitor and take action to remove or reduce systemic risks, with a view to protecting and enhancing the resilience of the UK financial system. By fulfilling ...
Fitch: These are the EU countries most affected by Brexit
July 4th, 2016
Fitch outlines EU countries most hurt by Brexit The Fitch international rating agency has compiled a list of EU countries that will be most affected by Britain’s exit from the European Union. Ireland, the Netherlands, Belgium, Malta, Cyprus and ...
