On the eve of Brexit, UK economy appears quite strong

The likelihood of a vote in favor of the United Kingdom (UK)’s exit from the European Union (EU) was expected as an obvious disaster for 99% of economists, analysts and bankers. In June 2016, the UK did vote for the Brexit, launching a complex unprecedented...

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The Brexit impacts real estate sector

“In 2016, the volume of (real estate) investment fell by 25-30% in the United Kingdom (UK) and, to a lesser extent, in France and Germany. The effect of the Brexit was in particular to slow down operations in speculative transactions. Today, land developers and real […]

Garbage worth USD 1.20 billion

More than 900,000 cases of illegal dumping of waste have been reported recently in Great Britain, notably in Essex County. In order to avoid paying the landfill tax, London criminal groups would dump waste across the English countryside, saving their “customers” nearly 1.2 billion dollars, […]

Mnuchin stressed on G20 relevance

US Treasury Secretary Steven Mnuchin met with Bank of England (BOE) Governor and Financial Stability Board Chair Mark Carney. The two officials underscored that they looked forward to working together on international financial regulatory issues. Mnuchin stressed the importance of cooperation between the United States […]

Animal fat in British bank notes

The Bank of England (BOE) recognized the concerns raised about the discovery of traces of animal-derived products (tallow) used in the production of its GBP 5 polymer notes. Following the discovery, the BOE asked its supplier of cotton paper to look into the process for […]

Consequences, not retribution to Brexit

EU Commission President Jean-Claude Juncker and French presidential hopeful Emmanuel Macron agreed that the United Kingdom (UK) shouldn’t be punished for exiting the European Union (EU). Instead, there should be consequences with a view to “preserving the rest of the EU” they both said without […]

BOE forecast higher growth for UK

The Bank of England (BOE)’s Monetary Policy Committee (MPC) has increased its central expectation for growth in 2017 to 2.0% and expects growth of 1.6% in 2018 and 1.7% in 2019. Indeed, domestic demand has been stronger than expected over the past few months, and […]

Heated talk between Trump, Turnbull

The conversation between US President Donald Trump and Australian Prime Minister Malcolm Turnbull has been the “worst so far.” The reason has been the agreement by former President Barack Obama to take thousands of “migrants” from camps stationed near Australia and that Trump described as […]

Parliament approved the Brexit

The British House of Commons voted in favor of the activation of Article 50, allowing the United Kingdom to leave the European Union (EU) with 498 votes for and 114 votes against. Now MPs must agree on the timetable that financial markets will scrutinize with […]

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