A number of banks have put off possible investments in Britain until after a referendum on its future in the European Union, a lobby group said on Tuesday, after Deutsche Bank revealed it was considering cutting down its UK operations should the country pull out.
The shock election victory for the UK’s Conservative Party triggered a rally in UK asset classes on Friday; however, in the aftermath of the election questions are being asked about the future of the UK’s EU membership now that the Conservatives are firmly back in power.
The pound, British shares and bonds rallied on Friday after Prime Minister David Cameron's Conservative Party won a shock election victory, removing immediate political uncertainty for investors who had expected a hung parliament.
A group of 10 nations met on the sidelines of a NATO summit to discuss how to combat Islamic State, as U.S. Secretary of State John Kerry vowed to eradicate the radical group that controls swathes of Syria and Iraq.
The U.S. dollar’s performance has been mixed against a number of currencies in the first half of the year. The greenback gained broad support in July from the Fed's monthly Beige Book that showed the U.S. economy is expanding at a moderate pace but the question on every investor’s lips is, “when will the Fed raise interest rates?”