The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Personal opinions today: The British Parliament plans to vote on the draft Brexit agreement tomorrow, but the draft is expected to be finally rejected. The British Prime Minister indicated that if the draft is rejected, it will be delayed until the March…
Read moreThe European Securities and Markets Authority (ESMA) has reminded UK firms to provide their clients with information on the implications of Brexit. Earlier this year, the regulator issued a Public Statement in order to raise the awareness of all market participants on the importance to prepare for the possibility of no agreement in the context of the…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Personal opinions today: The European Central Bank decided to end its LTRO at the end of the year, but did not indicate a short-term rate hike schedule. In the absence of interest rate hikes and time, the euro fell against the dollar.…
Read moreBrexit has reached a point of reset which is likely to delay the exit of the UK from the EU, if it happens at all; uncertainty will remain elevated and investment decisions will continue to be postponed. Alastair George, Edison Investment Research, shares his thoughts on political developments and the impact on markets: "After letters…
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UK financial regulator Financial Conduct Authority (FCA) has published its Authorisations Quarterly Key Performance Indicators (KPIs) as at September quarter. These indicators provide key metrics on the performance of the FCA’s Authorisations Division, including authorisations, cancellations, variations of permission, change in control, and passporting. The latter seems to be of most interest these days due…
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Passive investment, or social trading, is one of the fastest-growing trading approaches today. It takes influences from the social media networking model and applies them to investment, driving new growth for a rising number of brokers. Two styles have emerged as the strongest contenders; percentage allocation management module (PAMM), which gives professional money managers access…
Read moreThe Financial Conduct Authority (FCA) has announced today that it has published its EU Withdrawal Impact Assessment. The Treasury Select Committee requested the FCA to assess the impact of the UK’s exit from the EU across three areas: The UK leaves the EU without an agreement either on 29 March 2019 or after the transitional…
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The following article was written by FXTM Senior Staff Writer Nikola Grozdanovic. The 14th of November, 2018, was a landmark day for Brexit and the markets. The UK’s Prime Minister Theresa May held an emergency cabinet meeting to seek approval for her long-anticipated draft Brexit deal. Months of negotiations, protests and persistent questions surrounding the…
Read moreThe EU and UK have reached a provisional agreement over Brexit but before anyone gets too excited or disappointed, there are big hurdles to overcome to get the draft deal approved on all sides first. U.K. Prime Minister Theresa May has to get her Cabinet of ministers and then a majority of parliament to approve…
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The Chancellor of the Exchequer, Philip Hammond, has revealed that he will position Britain as the “natural global home” of new and innovative financial services after Brexit at the IMF Annual Meeting in Bali (10 – 13 October). With financial technology as the designated theme of the gathering, the Chancellor will herald Britain’s approach to…
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