Search Results for: Bank of England
Asian shares near 2016 highs as risk appetite improves
July 13th, 2016
Asian shares came within reach of their 2016 highs on Wednesday as prospects of solid U.S. growth and accommodative economic policy in major markets whet investors’ risk appetite damaged by uncertainty from Brexit. Spread betters expected European shares to ...
Gold Snaps Two-Day Loss
July 13th, 2016
Gold climbed, snapping a two-day loss, as investors took advantage of the decline to boost positions even as global equities extended an advance. Silver in China traded near the highest level in almost three years. Bullion for immediate delivery ...
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 ...
Asian Shares Retreat With Commodities as Haven Demand Boosts Yen
July 5th, 2016
Aussie falls as RBA leaves key rate unchanged; yen advances Nickel slides from eight-month high as Brent crude below $50 Asian stocks dropped for the first time in a week and European equity index futures fell with commodities as ...
George Osborne has pledged to cut corporation tax to 15% from 20% rate
July 4th, 2016
George Osborne has pledged to cut corporation tax to encourage businesses to continue investing in the UK following the EU referendum vote. In an interview with the Financial Times, the chancellor said he would reduce the rate to below 15% ...
Pound logs biggest quarterly drop since the financial crisis
July 1st, 2016
The British pound records its biggest quarterly drop since the financial crisis on Thursday after Bank of England Governor Mark Carney says the central bank would likely need to further ease monetary policy this summer. The British pound fell ...
Global Shares, Pound Rally as Brexit Concerns Soften; Oil Soars
June 30th, 2016
S&P 500 jumps 1.7% as FTSE 100 rally erases post-Brexit loss Crude tops $49 a barrel as dollar slump boosts commodities Global stocks rallied for a second day, while the dollar weakened, amid speculation policy makers will move to ...
Possible Consequences of Brexit on the FinTech Industry
June 29th, 2016
Financial Technology (FinTech) is an economic ecosystem or industry consisting of companies, mainly startups, that employ technology in an innovative way in order to improve the way that financial services operate, e.g. payments and transfers, auditing, contracts, policy enforcement, ...
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 ...
