RE: FTSE 100 lower with British Airways owner IAG leading the way14 Dec 2022 17:08
Based on my working experience in a US owned financial intuition in London, significant UK commercial decisions eg to launch a new fund required New York sign off. Suspect the same applies to UK traders and fund managers who are US owned. If this is true (and I welcome others views...) then for so long as the US dislikes the political and economic uncertainty in the UK - those significant buy trades wont be authorised. Brexit (hate to say it) has not helped. London was stronger as the foremost financial center in Europe and like it or not that status is ebbing away - derivative clearing next to go. And suddenly Paris is trumpeting its volume success.