Tag Archives: Brexit

Das Pfund (englisch Pound) Sterling (auch als britisches Pfund bezeichnet) ist die Währung des Vereinigten Königreichs. Das Währungssymbol £ leitet sich von dem lateinischen Wort libra „Pfund“ ab und kann im Deutschen wie alle Währungszeichen dem Geldbetrag wahlweise nach- oder vorangestellt werden. Das britische Pfund, symbolisiert durch das Zeichen £, ist eine der ältesten Währungen der Welt und spielt eine bedeutende Rolle im internationalen...

Boris Johnson, the United Kingdom’s Prime Minister, is going to self-isolation on Downing Street. Health Secretary Matt Hancock went under forced self-isolation too.The Brexit supporter and Great Britain’s valuable politic Boris Johnson has tested positive for coronavirus. He will remain at his home, waiting for recovery. The clouds around London are especially heavy. On Thursday, Boris had the first symptoms, so he went to the doctor and then received the unhappy news. Johnson will continue...

The Bank of England cuts interest rates by half. The country’s Health Minister Nadine Dorries tested positive for coronavirus.The Bank of England (BoE) today announced that it has unanimously agreed to cut the interest rates by half to a hit 0.25%, in order to support bank lending. The move to cut rates was due to the huge negative impact caused by the coronavirus which has spread from China to other countries, especially the developed economies.In a statement, the Bank of England wrote,...

In yet another shakeup, leading financial institution UBS Group removed Sergio Ermotti as its Chief Executive Officer and will replace him with ING Group’s Ralph Hammer. It is already the second major lender after Credit Suisse to replace its leading figure this month.Banks and major financial institutions are making structural and strategic changes this year and Switzerland-based UBS Group is joining the queue. The financial institution giant replaced CEO Sergio Ermotti and immediately...

German-based mobile banking giant N26 last week left its customers really angry and dejected after it announced that it would be leaving the United Kingdom due to Brexit.As part of its decision to leave the European Union, foreign firms in the United Kingdom have lost their operating license and thus are forced to leave. Among them is German-based online bank N26 whose decision to leave the country due to Brexit left a bitter pill in the mouth of its teeming customers who now feel betrayed...

German fintech bank N26 has told customers that it’s pulling out of the UK because it won’t have a license to operate there after Brexit. The company said it will close down all UK accounts on April 15 and is advising customers to transfer their funds to alternative bank accounts.German online bank N26 announced on Tuesday it is leaving the United Kingdom because, after Brexit, it will be enabled to operate there. The company said that “with the UK having left the EU at the end of January, we...

Brexit could “unleash the full potential” of the United Kingdom, though there will be “bumps in the road”, said the UK Prime Minister Boris Johnson in his first speech since Britain formally left the European Union. In his next speech that regards a trade deal with the bloc and other countries, Johnson will probably mention that he is ready to cut all the talks with the EU regarding the trade in case he doesn’t get it his way. He already set Australia as a successful example of a country that...

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The leaders of the European council and commission, Ursula von der Leyen and Charles Michel have signed the Brexit agreement in Brussels. It happened seven days before the agreements will gain full juridical force.The House of Commons submitted the initial draft of Brexit docs and then rejected the corrections made by the ‘oldies’. The powerful youth said that the bill must pass without changes, and the Lords gave up. After House of Lords’ approval, the bill is receiving the royal assent on...

Although the stock market has been hitting new highs, analysts have warned investors to stay cautious during these times. Otavio Costa, an analyst at Crescat Capital said that it is the ideal time for investors to buy and accumulate gold.In an in-depth analysis, Costa explained that the Treasury Yield Curve spreads have moved past the critical 70% threshold. Citing historical patterns, Costa advises investors to liquidate their stocks and instead buy gold for the next two years.History...