Brexit News Archive: 19 Jul 2017

BoE: threat of a rate hike reduced - ING

James Knightley, Senior Economist at ING noted that the second round of Brexit negotiations is underway this week with discussions focusing on the UK'
Ross J Burland / FX Street   |   Wed, 19 Jul 2017 17:30:19

Morgan Stanley Picks Frankfurt for Its New EU Trading Hub

Morgan Stanley Picks Frankfurt for Its New EU Trading Hub #Brexit â Yves Hilpisch (@dyjh) July 19, 2017
MoneyScience   |   Wed, 19 Jul 2017 16:38:40

UK Brexit bill talks hit impasse

Adding 'UK correction' from 1984 as factor in settlement adds to tensions
FT   |   Wed, 19 Jul 2017 16:37:34

Morgan Stanley picks Frankfurt as post-Brexit hub

Move by US investment firm could put 200 City jobs at risk US investment bank Morgan Stanley is understood to have chosen Frankfurt as the site of its post-Brexit EU hub in a move that could put 200 City jobs under threat. The bank will be applying for a licence ...
Simon Goodley / Guardian   |   Wed, 19 Jul 2017 16:11:56

Surge in Irish passport applications by UK citizens

The jump in demand appears to have been spurred by Brexit
FT   |   Wed, 19 Jul 2017 16:10:42

Brexit has caused a surge in applications for Irish passports, with more than half a million already this year

Over half a million people have already applied for new Irish passports this year, according to new figures released by the Irish foreign ministry. More than 500,000 Irish passports were issued between January and June, with about 100,000 going to residents of Britain and Northern Ireland. That compares to an ...
Business Insider   |   Wed, 19 Jul 2017 15:30:00

WSJ City PM: Frankfurt Takes Early Brexit Lead, Investors Grow More Bearish, Morgan Stanley Traders Outperform

Good afternoon from the WSJ City desks in London. WSJ City is the app that delivers fast, smart news on mobile for London. Download for iPhone or Android. Here's essential reading on today's developments. MUST READS FROM WSJ CITY Germany's financial hub is taking an early lead in attracting banking ...
MoneyBeat   |   Wed, 19 Jul 2017 15:21:50

State pension age to rise to 68 from 2037, seven years early, David Gauke tells MPs - Politics live

Rolling coverage of the day's political developments as they happen, including Theresa May and Jeremy Corbyn at the last PMQs before the summer recess PMQs - Snap verdict PMQs - Verdict from the Twitter commentariat 2.29pm BST Here are some more details from David Gauke's statement, and from the documents ...
Andrew Sparrow / Guardian   |   Wed, 19 Jul 2017 13:29:01

GBP/EUR: Political developments will be important - Lloyds Bank

The progression of Brexit negotiations, UK political developments, and European elections (in Germany and Italy) will be important considerations for
Sandeep Kanihama / FX Street   |   Wed, 19 Jul 2017 13:05:18

UPDATE 2-Northern Trust to set up EU bank in Luxembourg ahead of Brexit

LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern ...
CNBC   |   Wed, 19 Jul 2017 10:14:00

UPDATE 1-Northern Trust to set up EU bank in Luxembourg ahead of Brexit

LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern ...
CNBC   |   Wed, 19 Jul 2017 09:21:00

Northern Trust to set up EU bank in Luxembourg ahead of Brexit

LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and ...
CNBC   |   Wed, 19 Jul 2017 08:10:00

May to hold first meeting of new business council

Forum to discuss Brexit will involve bosses of BAE, JLR, Prudential and Tesco
FT   |   Tue, 18 Jul 2017 23:01:20

Thatcher's prized 'rebate' snags Brexit bill talks

Inclusion of 'UK correction' from 1984 as factor in settlement adds to fraught politics
FT   |   Tue, 18 Jul 2017 22:37:56

Brexit & Beyond: U.K. Inflation Slows, Citi Picks Frankfurt, BlackRock Warns EU Against Euro-Clearing Moves

Brexit & Beyond: Europe in Flux is The Wall Street Journal's round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Pedestrians are reflected in a shop window on Oxford street in central London. AFP PHOTO / Daniel ...
MoneyBeat   |   Tue, 18 Jul 2017 19:31:50

Theresa May builds business bridge with new council to hear their views on Brexit

Telegraph   |   Tue, 18 Jul 2017 18:23:09

Britain's secret Brexit weapon: the Royal family

It is 2017. Man has walked on the moon; scientific ingenuity has eradicated smallpox, split the atom and processed the bit. Yet my home country -- the United Kingdom -- still has a royal family.
CNN   |   Tue, 18 Jul 2017 11:52:58

London is beginning to 'wobble' after Brexit - and Chinese millionaires are going off the UK

LONDON - The UK's capital is beginning to feel the effects of Brexit and to "wobble," according to a new report by the Centre for London, while a separate study claims Chinese millionaires are cooling on the capital. The Centre for London report says London is experiencing a faltering housing ...
Business Insider   |   Tue, 18 Jul 2017 08:29:09

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Tuesday. 1. Citi has chosen Frankfurt as its post-Brexit European base, according to Sky News. Sky News has learned that Citi executives have finalised plans to establish a second EU-based broker-dealer, which will handle many of the market trading ...
Business Insider   |   Tue, 18 Jul 2017 05:48:23

UK growth will slow as consumer spending is squeezed, forecasts PwC

Economy likely to cool in next two years because of rising inflation arising from weak pound, consultancy predicts Record levels of employment will fail to prevent the economy's growth rate slowing this year and next during a period when consumer spending will be squeezed by rising inflation and falling living ...
Larry Elliott Economics editor / Guardian   |   Tue, 18 Jul 2017 05:01:11

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