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Britain to be supported by U.S. banks

U.S.'s investment banks promised to George Osborne, Britain's finance minister, that they would do their best to support the nation's financial centers amid the Brexit vote.

U.S.'s big investment banks to support U.K firms

As per the Reuters, a banker stated that the banks in the U.S. want to ensure that the firms based in Britain will be able to access the European Union markets.

Yesterday, Britain's Asia-focused Standard Chartered, Bank of America Merrill Lynch, Morgan Stanley, Goldman Sachs and JPMorgan said that they would boost, as much as possible, London's financial and banking sector.

Japan

Japan's bank lending dropped from 2.2% to 2.0% and did not match the analysts’ predictions for stabilization at 2.2%.

The nation's average cash earnings fell from 0.0% to -0.2%. The analysts predicted the rate to appreciate to 0.5%.

Germany

Germany's trade balance declined from 24.1B to 22.2B. The economists predicted the balance to drop to 23.8B.

France

The French industrial production dropped from 1.2% to -0.5%. The analysts estimated the IP to fall -0.5%.

Hungary

The Hungarian consumer price inflation stabilized at -0.2% and met the analysts' and the economists' predictions.

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Friday, 08 Jul, 2016 / 7:39

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/britain-to-be-supported-by-u.s.-banks

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