Search Results for: European Union (EU)
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, ...
EU To UK: No Free Trade A La Carte
July 4th, 2016
“There will be no single market ‘á la carte'” for the UK when it leaves the European Union (EU), according to Donald Tusk, President of the European Council. Tusk made the comment after an informal meeting on June 29 ...
Moody’s downgrades outlook on 12 UK banks following UK vote to leave the EU
June 29th, 2016
Moody’s Investors Service has today changed the outlooks on the ratings of 12 UK banks and building societies. Simultaneously, the rating agency has changed the outlook on the UK banking system to negative from stable. The actions follow a ...
Most Asia markets end higher as region weathers a global rout after Brexit vote
June 28th, 2016
Most Asian markets closed higher on Tuesday, managing to hold up better than global peers amid a rout that wiped out as much as $3 trillion of market capitalization, according to data from S&P Global, in the wake of the ...
FCA is in close contact with regulated firms; Much financial regulation currently applicable in the UK derives from EU legislation
June 27th, 2016
On 23 June, the UK voted to leave the European Union (EU). This has significant implications for the UK. The FCA is in very close contact with the firms they supervise as well as the Treasury, the Bank of ...
Currency traders would likely dump the pound in the event of a Brexit
June 23rd, 2016
If the U.K. voted to exit the European Union (EU), currency traders would likely dump the pound and send funds into the dollar, FX pros said. The Brexit referendum, which will decide whether the U.K. remains in the 28-member ...
Oil futures down on U.S. stockpile report, Brexit concern
June 16th, 2016
Oil prices fell on Thursday, heading for a sixth session of declines, following a lower-than-expected draw on U.S. stockpiles and amid worries Britain might leave the European Union (EU). Front-month U.S. crude futures were down 53 cents, or 1.1 ...
Brexit Would require the UK Government to hike taxes by GBP5bn (USD7.4bn) to meet its target
June 13th, 2016
The Institute of Fiscal Studies (IFS) has warned that in the event of a “Brexit,” the UK Government would need to hike taxes by GBP5bn (USD7.4bn) to meet its target of a balanced budget in 2019-20. The warning was ...
EU, Japan Issue Joint Statement On Free Trade Agreement
May 31st, 2016
The leaders of Japan, the European Union (EU), France, Germany, Italy, and the UK have reaffirmed their commitment to reach an agreement in principle on an EU-Japan free trade agreement (FTA) “as early as possible in 2016.” The commitment ...
ECommPay: Regulations of FOREX industry
May 18th, 2016
Forex (FX) regulation is crucial to both security and mutual trust between traders and operators. Companies operating from jurisdictions lacking in regulatory supervision are able to do so in an unfair and illegal manner without facing serious repercussions. Moreover, ...
