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British banks require preparing for a wide range of potential outcomes. Moreover, they should also avoid sudden changes to lending because Great Britain gets ready to abandon the European Union, as Bank of England policymakers told on Monday.
Two days before Prime Minister Theresa May intended to notify the EU that the UK is ready to start two years of exit negotiations, as the major bank told. British banks are bound to provide copies of contingency plans in order to reassure regulators that they are ready for probable outcomes.
The BOE’s Financial Policy Committee is asking British financial institutions to show how they can potentially avoid their continental clients being steeply cut off after Brexit.
Lenders worry that Great Britain won’t secure unfettered continued access to the bloc's single market, and some of them are already intending to beef up their presence on the continent.
Canada will release CPI and Core Retail Sales data on October 19 at 15:30 MT time. Both indicators are highly important. As a result, they will affect the Canadian market a lot.
The "no-deal" Brexit has never been so close! In other news: the AUD is rising, comments from BOJ Governor Mr. Kuroda and more
The previous week American customers filed the lowest number of requests for a mortgage since late 2014 due to the fact that the vast majority of home borrowing costs hit their highest value for more than seven years…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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