Financial services firms are continuing to move operations and staff out of the U.K. and into the European Union, albeit at a slower pace.
The European Union's post-Brexit requirements for financial services market access are unrealistic, the Bank of England governor has warned.
While the economic impact of the coronavirus has dominated the attention of markets and money managers, Brexit is making a comeback.
Wall Street titans have the most at stake as they face Brexit's final reckoning — and with less influence than they are accustomed to.
The EU is on course for a clash with British Prime Minister Boris Johnson after warning a full Brexit deal by year-end is "impossible."
Negotiators from the U.K. reached an agreement with officials in Brussels that could pave the way for Britain to finally break 46 years of ties with the EU.
Members of Parliament voted Wednesday to approve a three-month extension to the Brexit deadline.
Britain's pound slumped to its lowest level since 2016, as the prospect of a general election added complexity to the Brexit calculus.
Boris Johnson's "no-deal" Brexit threat has roiled U.K. markets but a swooning sterling could offer opportunities for long-term investors.
Theresa May is stepping down as U.K. prime minister, having failed to secure a consensus on a Brexit strategy with Parliament.
Sources warned money management businesses are yet to learn what the real costs of Brexit will be
The European Union granted the U.K. a second extension to the Brexit deadline early Thursday that will last on a flexible basis until Oct. 31.
Political uncertainty in the U.K. makes it difficult to position portfolios, managers said as Theresa May's Brexit deal was rejected again.
Members of the U.K. Parliament have voted down eight options of how the U.K. should leave the European Union.
A hard Brexit will certainly affect client behavior and risk appetite, warned Richard M. Weil, CEO of Janus Henderson Group.
Money managers have transferred more than £65 billion of assets invested in funds out of the U.K. in preparation for Brexit on March 29.
The U.K. Financial Conduct Authority called on financial services firms to have contingency plans in place in the event of a no-deal Brexit.
Two key markets are leaving the U.K. as Brexit forces finance firms to put more of the region's trading infrastructure on the continent.
The pound sterling climbed against the dollar as further details of a future relationship between the European Union and U.K. emerged.
The U.K.'s currency tumbled amid the unveiling of the country's agreement for its exit from the European Union and cabinet resignations