LONDON’S PRIMARY STRENGTH as a global financial centre is under attack on all fronts. Never mind Frankfurt, Paris, Milan and Dublin trying to lure bankers away post-Brexit. The dodgy nicknames handed out to traders, brokers and bankers that gave the City a certain schoolboy charm are also under threat.
Just as tourists are sometimes hostages to fortune when they need to buy their holiday cash, so Travelex discovered what it’s like to face an unexpectedly eye-watering rate when it had to pay an 8% coupon on its latest bond deal.
While websites on which employees anonymously rate their companies are typically used by would-be hires, fund managers should pay close attention too.
Forget the first 100 days of the Trump presidency - not that they will be all that easy to forget - and begin to ask how the world is going to cope with the remaining 1,364 days.
The lack of a hiccup in the first round paves the way for no upset in the second and final round of the French presidential election and a likely win for Emmanual Macron.