BoE's governor Bailey: Brexit transition has gone as smoothly as hoped so far

Market news

6 January 2021

BoE's governor Bailey: Brexit transition has gone as smoothly as hoped so far

Markets were broadly expecting the Brexit trade deal we got

We are already seeing that certain amount of financial services business is having to migrate to EU

Around 5,000-7,000 finance jobs have migrated to EU because of Brexit

Sensible that UK and EU are both transparent about financial services rule changes

U.S.: Factory Orders , November 1% (forecast 0.7%)

U.S.: Services PMI, December 54.8 (forecast 55.3)

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