The last few years have seen arguably a closer relationship between politics and investing than in previous decades. With seismic events such as the United Kingdom’s Brexit referendum in June 2016 and the United States’ presidential election later that same year, market uncertainty remained at elevated levels during much of the latter half of the last decade
The Hiring Plans of Finance Professionals in the UK Banking Sector Held up in 2018 Despite Brexit Unpredictability
Brexit looms large over all aspects of the UK’s banking sector, including hiring plans. Continued uncertainty about what direction the UK/EU divorce proceedings will go (if they go at all) has organisations on edge, but that didn’t stop them from hiring last year, research shows. Retaining existing top-notch talent was a priority, but attracting new, highly skilled professionals was also a common goal, with UK banks topping the hiring charts.
In August, the Malaysian ringgit dropped to an all-time low against the dollar of neighbouring Singapore, while a further slide in subsequent weeks led to the currency in late September hitting an 18-year low against the US dollar.