Published on 30 Mar 2017
European
markets continue to digest the triggering of Article 50 while some
companies are wasting no time with Lloyd's of London now planning set to
up home in Brussels. Lloyd's of London is planning to set up a new
European subsidiary in Brussels by next year to avoid losing business
when the UK leaves the EU. This comes after the insurance market failed
in its bid to secure “passporting” rights for financial firms to conduct
business across the EU after Brexit. This will allow the company to
continue underwriting insurance policies from all 27 EU after the UK
left the union.
There’s also been media reports that US bank JP Morgan is heading to Dublin after checking an office block that would accommodate 1000 workers. This is despite the face of the Brexit campaign David Davis making assurances that companies operating in Britain post Article 50 will continue to enjoy all the benefits of single market membership.
Economic confidence across the eurozone has dropped a touch this month. This is according to the latest survey from the European Commission. The number fell from 108 in February to 107.9 this month.
#forexnews
@CVecchioFX
@DavidJSong
@MBForex
@JamieSaettele
@JohnKicklighter
@ilyaspivak
@ForexYell
@JStanleyFX
@DRodriguezFX
@PaulRobinsonFX
There’s also been media reports that US bank JP Morgan is heading to Dublin after checking an office block that would accommodate 1000 workers. This is despite the face of the Brexit campaign David Davis making assurances that companies operating in Britain post Article 50 will continue to enjoy all the benefits of single market membership.
Economic confidence across the eurozone has dropped a touch this month. This is according to the latest survey from the European Commission. The number fell from 108 in February to 107.9 this month.
#forexnews
@CVecchioFX
@DavidJSong
@MBForex
@JamieSaettele
@JohnKicklighter
@ilyaspivak
@ForexYell
@JStanleyFX
@DRodriguezFX
@PaulRobinsonFX
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