Blog2 ZIYUAN WANG
This is because some British banks do not believe in the prospect of the Brexit referendum and foreign investment reduces the number of employees in the UK branch, so the unemployment rate of British banks is rising further. In order to maintain the stability of the banking sector, British banks have to compromise to prevent the worst results, leading to fewer banking operations and branches, profitability and profitability decline. Prudent policies will have a long-term impact on stock prices, do not cause significant volatility in the banking index, avoid a sharp decline in the index, and maximize the stability of the UK stock market. From Nov. 1to 3, FTUB8300 index fell to 127.56, out of the August doldrums.The index’s decline in August was mainly due to the sharp decline in the pound’s exchange rate, which rebounded as the pound’s exchange rate rose.This type of policy will have a long-term impact on the index, because most of UK will implement prudent banking policies in 2019 to...