The pound lost ground against the euro and the dollar on Friday (24 February), but remained on course to record weekly gains on both of its rivals.
Morgan Stanley is reportedly considering moving approximately 300 jobs away from Britain to either Dublin or Frankfurt, once the UK leaves the European Union.
HSBC profits dramatically fall by 62% Wochit US markets closed mixed on Wednesday (22 February), with the Dow Jones managing to mark its ninth straight record close after the Federal Reserve minutes suggested a rate hike coming “fairly soon.” The S&P 500 and Nasdaq, however, settled slightly lower.
Most Asian stock market indices were trading lower on Thursday (23 February), with the Shanghai Composite down 0.33% at 3,250.32 as of 5.13am GMT, following the US Federal Reserve indicating an increase in interest rates.
The dollar was on the back foot against its main rivals on Thursday (23 February), with investors failing to get excited by comments from the US Federal Reserve which indicated an increase in interest rates will come sooner rather than later.
Traders were more concerned with hawkish comments from the Fed over interest rates than bumper profits from Barclays in afternoon trading.
The return of a eurozone crisis “on the back of populist election wins in key countries” is the biggest risk to Europe’s economic recovery, according to a new report published on Thursday (23 February) by Moody’s.
Oil futures rose by over 1% on Thursday (23 February), after US inventories saw a smaller-than-expected rise in weekly levels, while Opec officials hinted at high adherence to production cuts alongside talk of extending the cuts beyond May.
US stocks ended with mixed fortunes on Thursday (23 February) following remarks by new Treasury Secretary Steve Mnuchin.
The number of mortgages approved by High Street banks rose to its highest level in 12 months in January, fresh figures have shown.