Post-BREXIT Britain Plans Fintech ‘Big Bang’

Post-BREXIT Britain Plans Fintech ‘Big Bang’

#BREXIT #UK #Fintech

$DIA $SPY $QQQ $RUTX $VXX

UK Chancellor Rishi Sunak plans to introduce new visas for financial technology workers in next month’s budget, part of a package of proposals in a report aimed at boosting the industry in the country.

The fast-track visa program is designed to lure global talent to Britain’s fintech companies and will mirror a similar policy for scientists.

It is 1 of 5 pillars contained in a Treasury-commissioned report by former Worldpay Inc. CEO Ron Kalifa that is to be delivered to Chancellor Sunak this wk.

The UK Treasury has been examining options to spur the development of Britain’s financial technology industry after BREXIT as the City of London faces a growing challenge from EU rivals.

London Tops European rankings for such companies, according to an index compiled by real estate broker Savills Plc.

Monday, the benchmark US stock indexes finished at: DJIA +27.37 at 31521.69, NAS Comp -341.41 to 13533.08, S&P 500 -30.21 to 3876.50

Volume: Trade on the NYSE came in at 1.2-B/shares exchanged

HeffX-LTN’s overall technical analysis of the major US stock indexes is Bullish in here.

  • Russell 2000 +14.0% YTD
  • NAS Comp +5.0% YTD
  • S&P 500 +3.2% YTD
  • DJIA +3.0% YTD

Looking Ahead: Investors will receive the Conference Board’s Consumer Confidence Index for February, the FHFA Housing Price Index for February, and the S&P Case-Shiller Home Price Index for December Tuesday.

Have a healthy day, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.