Brexit-rattled firms expected to move to Europe

Financial firms are moving an estimated £800 billion of assets into Europe due to Brexit anxiety, a study claims. Reports regarding relocation have been making their rounds since 2017 and as 29 March draws near, companies that offer financial services are now more jittery than before. Mrs May’s proposal was already rejected by the House of Commons and the probability of a hard Brexit has significantly increased.
By Daniel Webber | | UK | See more in News

EU’s TIPS makes first payment

The European Central Bank (ECB) just launched a PayPal-like service and it’s called TIPS or TARGET Instant Payment Settlement. Launched last Friday, the cross-border payments platform performed its first transfer between France and Spain.
By FXcompared | | UK | See more in News

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