Originally Posted by
TedToToe
This tells us one of two things: either the LCY route is hurting yields on LHR-FRA, making that marginal, or demand is down solely out of LCY. Either way, and I hate to mention another UK industry in decline, this has to be down to reduced demand in the banking sector.
I was wondering if this is a fall in banking demand, or if the transfers out of Wharf would impact this?
Deutsche has centralised on-top of Crossrail. HSBC is moving to the City (mind you their demand is mostly DUS). I don't think the American banks in the Wharf target operations in FRA as much as European banks.