By Bannockburn Global Forex Having strengthened in October, the USD fell back towards the bottom of recent ranges against most major currencies in November. Renewed USD weakness was not severe, and had several different drivers. Initial losses were correlated with some weakening in equity markets, but losses later in the month occurred despite stronger equity performance, and was related more to uncertainty about future Fed tightening following the release of the FOMC minutes for September on the 22nd, which revealed...

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By Mark Gregory | EY Chief Economist Report highlights Business investment is vital for a successful Brexit In 2016, business investment dipped for the first time since 2009, falling 0.4% amid heightened uncertainty in the run-up to the referendum on EU membership. However, despite the June 2016 Brexit vote contributing to a decline in business confidence, business investment grew 0.8% quarter-on-quarter in Q1 2017 and 0.5% in Q2. Stronger business investment is key Going forward, a healthy level of business investment is important. With...

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By Vulcan Consulting  BREXIT   Negotiations reach a ‘’very disturbing state of deadlock’’ The fifth round of negotiations between the EU and UK concluded yesterday, with warnings from diplomats that talks had reached a political standstill and almost no substantial progress was made in the past few days. Although Michel Barnier, the EU’s top negotiator, said that decisive progress is still within reach before Christmas, he will not recommend to EU leaders at next weeks summit that ‘’sufficient progress’’ has...

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By Pero Jolevski | Director | Blue Star Strategies, LLC The June 2016 public referendum by the UK electorate to leave the European Union has dramatically affected London’s status as a banking and financial services hub. Previously, international banks operating out of London and doing business in the EU benefitted from the UK’s member status in the union. Now, with the UK’s pending exit, all that has changed, bringing new licensing requirements for banks whose EU operations are based in the...

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There has been a lot going on in recent months; the UK general election, the start of formal Brexit negotiations, and the unofficial launch of Britain's independent trade policy at the World Trade Organisation in Geneva. With so much activity it's often hard for businesses to cut through to the real issues. DLA Piper's Boardroom Brexit is a key client briefing which breaks down recent developments into what businesses need to know, and recommended actions that senior management teams can...

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