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  • In the days following last week’s Conservative Party conference, banks are increasingly facing up to a "hard Brexit", with no concessions to the needs of the financial services industry, regardless of the economic damage it might cause.
  • Political wrangling on both sides of the Atlantic this week produced contrasting fortunes for two currencies in futures markets, with the Mexican peso receiving a boost and the British pound slumping to some of its worst ever levels against the US dollar.
  • Unilever’s attempt to raise prices on goods it sells to UK supermarkets would not have covered all of its costs from the recent depreciation of sterling, a Unilever executive has told GlobalCapital.
  • French agency Unédic is looking to set a trend with its new medium term note format to replace its BMTN programme as the chosen vehicle for one to six year debt
  • With one quarter of 2016 left to go and global issuance 22% down, the equity capital markets bookrunner race is going into its final straight. Familiar faces are leading the pack, but incumbents in general are having a tough year.
  • The UK Debt Management Office will transfer its responsibility to provide reference prices on the £1.4tr Gilts market to FTSE Russell and Tradeweb, likely by the spring of next year.