Tag Archives: exchange

A drink at the Royal Exchange never fails to impress

In the last few years new market strategies had to be rebuilt on new systems, people are always more in front of their screens, working by theirself. But the passion of the men for the beauty is still the same. Electronic system are innovated every day, and we are always running behind the changing. So we need sometimes a slow break. Men (and women) love beautiful places, delightful drinks, tasty food and good company, also in our fast Century, we shouldn’t forget the importance of meeting people and attending events.

If you are looking for the perfect place to invite your business partners or to organize an event? Here you are one of the most famous and posh place of London to take a drink: the magnificent Royal Exchange Grand Cafe’ and Bar. It’s just a suggestion, an idea to make a great impression to your guests, hosting them in a luxury courtyard with a sophisticated bar in the middle. Invite them at the Royal Exchange and tell them the story of this place and you will get them!

The London Stock Exchange is one of the world’s oldest stock exchanges, its history started in the coffee houses of 17th century London and the first old building, the Royal Exchange, was set up in 1565 by Thomas Gresham, a rich merchant. There, for more than 200 years, stock brokers and jobbers have bought and sold shares, making the financial institution an important piece of history. In 1667, the Great Fire destroyed the building, that was rebuilt by the architect, Edward Jerman, City Surveyor, who looked after the building resembled the old as much as possible. Since 1844 a new building has been opened to host the national Stock Exchange, but the old one has kept on to be a historical monument to the financial importance of the City. In 1991, the building was refurbished a first time, then, in 2001 it was once again remodeled to become the Grand Café of now.

Markets stormy and Exchange swinging from London to the world

Welcome back to London Presence. In our daily press review, we want to talk again about the turbulant time for the Economy around the World. Bloomberg, our favourite reference, has underlined again today that the European confidence has dropped most since September 11 Attacks. In his analysis, the editor Fergal O’Brien explains how “Europeans’ confidence in the outlook for the economy dropped the most since the September 11 terrorist attacks…”.

Last week the German Finance Ministry spoke about the long way to a recovery in Europe’s biggest economy, the euro rose to $1.5916, whilst the dollar and the pound slumped against the euro. Then, after the announcement by the Treasury Secretary Henry Paulson concerning the possibility of raising interest rates, the dollar has started to rise against the yen once more. In the meantime the pound has stabilised against the dollar, but analysts have warned the pound is to weaken by the fear of a UK recession.

It’s a volatile period in which markets are stormy and exchanges are swinging in every direction. The bull and bear of the market seem to have replaced the inconsistency in London weather as we seem to have found a sunny patch for a change.

A lot of experts suggest just one solution: spreadbets. “Spreadbetting is a way in which risks can be reduced and overall returns enhanced”, say senior sales traders. But what is a spreadbet?

Keep in touch and we will soon explain what it means and how it works.