Early Thursday morning in Asia, Bloomberg marked the damage to the British economy due to the fears of a no-deal Brexit. The news mentions, while relying on the Earnest and Yong (EY) report, that financial firms have already shifted around 7,500 employees and assets worth $1.6 trillion to the European Union (EU). The piece also cites fears of further withdrawal of man and capital from the UK towards the bloc.
Key notes
The report suggests that around 2,850 positions have been added, mainly in Dublin, Luxembourg and Frankfurt, after the UK decided to leave the EU. JP Morgan and Goldman Sachs are among the big names that joined the league.
Though, London keeps the biggest share of the American banks’ investments across Europe, per the news.
Omar Ali, U.K. financial services managing partner at EY, said, “As we fast approach the end of the transition period, we are seeing some firms act on the final phases of their Brexit planning, including relocation.”
Market implications
Although GBP/USD cheers US dollar weakness to probe an eight-day top, currently up 0.11% intraday around 1.2935, Brexit fears can always dampen the Cable buyers’ sentiment.
FXStreetから転載、著作権はすべて原作者に帰属します。
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。