Two reports from the Financial Times gives insight into the Word On the Streets of London Tuesday. The European Medicines Agency and European Banking Authority might remain in London against the EU’s wishes. Then the EPL (English Premier League) is alleged to have lost £312 million partly due to Sterling’s steady decline since Brexit Referendum.
However, around the world, Inflation seems to have resurrected, touting alongside it, Expectations of Higher Growth and Tighter Monetary Policy. Elsewhere in France, Investors, having learnt a lesson or 2 from Brexit, are bracing for a similar upset with potential Euro retreat and decline France bonds.
London Session resumes Tuesday following Easter Monday, with a 0.3% opening loss for the FTSE 100. This despite a rebound in US stocks on Monday, with the Dow advancing 184 points towards its biggest gains since March.