London has been the unrivaled king of European finance for more than three decades. Brexit is starting to change that. Billions of dollars worth of stock and derivatives trading have already vanished from the British capital after the United Kingdom completed its exit from the European Union on Jan. 1, shifting abroad to financial hubs in Amsterdam, Paris, and … [Read more...] about Brexit Deal Leaves London Fighting to Survive
Economy
British Pound Prediction, Can it Continue to Go Against Euro and US Dollars?
The British Pound rallied and put in another strong performance and advanced against all major peers in the past week, but concerns over a slow exit from lockdown in the UK pose a new potential risk on the horizon. The Pound's calendar in the coming week is dominated by the release of UK employment data due out on Tuesday the 23rd, but before this is an all-important … [Read more...] about British Pound Prediction, Can it Continue to Go Against Euro and US Dollars?
Germany Hoping for Better Economy as Businesses Open Again
On Tuesday, German Economic Minister Peter Altmaier dashed hopes of business lobby groups for a quick reopening of the economy, saying the country should not rush to ease coronavirus restrictions as this could risk another wave of infections. “Business can’t flourish if we get a third wave of infections,” Mr. Altmaier told German television before a virtual meeting with … [Read more...] about Germany Hoping for Better Economy as Businesses Open Again
Austria’s Economy is Falling Behind in Europe’s Standards, Here’s Why
New preliminary figures reveal that Austria suffered the worst economic slump in the EU in the last quarter of 2020. In the fourth quarter of the year, from October to December, the Austrian economy shrunk by - 4.3 percent compared to the previous quarter. That figure represented a bigger drop in GDP than any other EU economy for which data was available, according to the … [Read more...] about Austria’s Economy is Falling Behind in Europe’s Standards, Here’s Why
Pound Sterling Forecast: it will be Better than Euro and Dollar
The British Pound is expected to build on its recent gains over the coming days' thanks to positive technical momentum and improved fundamental underpinnings that include the country's rapid vaccine rollout and expectations for a sharp pick-up in economic growth. British Pound's Recent Gains The Pound advanced a third of a percent against the U.S. Dollar at the start of the … [Read more...] about Pound Sterling Forecast: it will be Better than Euro and Dollar