Brexit News Archive: 21 May 2016

Treasury prepares to unleash final salvo in Brexit debate

Peter Spence / Telegraph   |   Sat, 21 May 2016 15:30:05

Osborne's Nonsense Suggestion That Brexit Will Topple UK House Prices By 18%

George Osborne, the Chancellor of the Exchequer, as announced that Britain leaving the European Union, that Brexit, will lower UK house prices by 18%. This is a most odd thing for anyone to be saying as a threat about the outcome of such a Brexit. Partly because reducing UK house ...
Tim Worstall, Contributor / Forbes   |   Sat, 21 May 2016 14:25:00

Britain 'could liberate Europe again' by voting for Brexit and sparking populist revolution

Peter Foster, Senay Boztas / Telegraph   |   Sat, 21 May 2016 10:15:38

Economists are losers so ignore them on Brexit

That essentially is the argumentof the Telegraph's Allister Heath, expressed as Donald Trump might. Heath says we have a been failures for over a century, "yet they now have the chutzpah to behave as if they should be treated like philosopher kings, an all-knowing that we are all supposed to ...
Mainly Macro / Mainly Macro   |   Sat, 21 May 2016 09:51:00

'Brexit' in spotlight at G-7 meeting in Japan

Britain's possible exit from the European Union took center stage at a Group of Seven (G-7) meeting in Japan on Saturday, as British Chancellor of the Exchequer (finance minister) George Osborne warned a Brexit could doom trade deals with EU countries. The comments came during two days of talks largely ...
Japan Times   |   Sat, 21 May 2016 06:21:32

Uncertainty in the property market gives rise to the Brexit clause

Option to scrap deals in event of leaving EU keeps jittery buyers onside as market shows strain With a month to go until the EU referendum, there are signs that property investors have growing concerns about the possible impact of a leave vote. City law firm Nabarro said yesterday that ...
Hilary Osborne / Guardian   |   Fri, 20 May 2016 22:40:11

U.K. Officials Argue 'Brexit' Effects on Housing, Health Care, Immigration

The two sides in the U.K.'s European Union referendum debate looked to reinforce their core message, with Treasury chief George Osborne saying house prices would fall if Britain exits while Justice Secretary Michael Gove said staying in the bloc would swell the population and put the state health service under ...
WSJ   |   Fri, 20 May 2016 21:00:05

George Osborne: A Brexit could see the value of homes fall by a fifth

Peter Dominiczak, Szu Ping Chan, Peter Spence / Telegraph   |   Fri, 20 May 2016 21:00:00

a Feel-Good Vote That Could Sink Britain’s Economy

In their desire to leave the E.U., many Britons have found an outlet for fears about immigration and terrorism. But the cost of an exit would be high.
DealBook   |   Fri, 20 May 2016 19:40:57

Delivering Brexit: Can BRIC Nations Compensate UK For EU Split?

To exit or not. That is the question. But should the notion that UK businesses will be by leaving the European Union (EU) next month to develop links with Brazil, Russia, India and China - the BRIC nations - to compensate for potential lost trade from the EU Single [...]
Roger Aitken, Contributor / Forbes   |   Fri, 20 May 2016 18:44:00

GBP rally beginning to look overdone - Danske

Analysts from Danske Bank, mentioned that the pound rallied in the market after a lead of the "remain" position ahead of the Brexit referendum but they warned about biased polls. Also they point out that their models suggest the GBP rally may be overdone. Key Quotes: "Opinion polls continue to ...
FXStreet / FX Street   |   Fri, 20 May 2016 16:14:47

Brexit Could Be Catastrophic To The Economy: Credit Suisse

Alluding to views from OECD, CBI, LSE CEP, and NIESR, analysts at Credit Suisse believe the U.K. leaving the European Union could halve its potential growth rate up to 2020. Andrew Garthwaite and colleagues said in their May 19 research piece titled "Brexit: [...] The post Brexit Could Be Catastrophic ...
Mani / Value Walk   |   Fri, 20 May 2016 15:39:04

D'Oh!: Trump Walks Back Positions on N. Korea and U.K.'s Cameron

But the presumptive GOP nominee gives a thumb's up to the Brexit, another sticky foreign-policy wicket.
Gabrielle Levy / U.S. News   |   Fri, 20 May 2016 15:05:13

Sherlock and Dr. Watson weigh in on Brexit

The campaign to keep Britain in the European Union just got some serious star backing.
CNN   |   Fri, 20 May 2016 14:53:55

BREXIT WATCH - A letter from the luvvies...

May 20 From statesmen to spymasters it seems everyone is wading in on the EU referendum. So with weeks to go, it was only a matter of time before an open letter from the luvvies slipped through the nations' letterbox like a takeaway menu no one asked for. The UK's ...
Proactive Investors   |   Fri, 20 May 2016 14:20:00

EUR/GBP stages a strong recovery, jumps to 0.7726

Extending its strong bid tone, the EUR/GBP pair surpassed 0.7700 with ease and climbed to day's peak level of 0.7726 during the early NY trading session.The British Pound's relative under-performance was led by the latest TNS 'Brexit' polls, giving the 'Leave' campaign a lead of 3 points over 'Remain'. Moreover, ...
FXStreet / FX Street   |   Fri, 20 May 2016 13:51:53

The Brexiteers are having so much fun that sometimes I wish I could join them

Rupert Myers / Telegraph   |   Fri, 20 May 2016 13:49:27

Juncker on Brexit: British 'deserters' to get no EU favour

European Commission president tells French newspaper: 'I'm sure the deserters will not be welcomed with open arms'
Alastair Macdonald / Globe and Mail   |   Fri, 20 May 2016 13:41:00

Brexit guide causes discord for rock band

Electoral Commission denies plagiarism, pointing out it used neon imagery 2 years before The 1975
FT   |   Fri, 20 May 2016 13:25:30

Celebrities, in Open Letter, Urge Britons to Stay in E.U.

In the letter, published in The Daily Telegraph and The Guardian, the signers argued that “our global creative success would be severely weakened by walking away.”
STEVEN ERLANGER / NY Times   |   Fri, 20 May 2016 13:07:59

U.S. interest rate hike would be good news for Canada, finance minister Bill Morneau says at G7 talks

Canada, on the other hand, is worried about the turmoil that Brexit could unleash, said Bill Morneau as he meets with global finance ministers in Japan
Megumi Lim, Reuters / Financial Post   |   Fri, 20 May 2016 12:52:48


People who want Britain to leave the EU essentially promise that they get to keep all of the good stuff while arbitrarily getting rid of the bad stuff which they're usually pretty bad at actually describing. Don't get me wrong, the EU is a flawed instititution, but the Euro/ECB is ...
Atrios / Eschaton   |   Fri, 20 May 2016 12:45:00

UK Strategy: Pricing out referendum risk? - Deutsche Bank

Jack Di-Lizia, Strategist at Deutsche Bank, suggests that the upcoming EU referendum continues to represent a significant driver of risk dynamics. Key with the referendum now less than 5 weeks away the market has shown signs of increasingly pricing out the likelihood of a Brexit across a range of financial ...
FXStreet / FX Street   |   Fri, 20 May 2016 11:52:24

G7, Brexit and Fed rates - Rabobank

Jane Foley, Research Analyst at Rabobank, suggests that usually the FX market is left disappointed by G7 communiques and the FX market tends to be only one part of the agenda that faces finances ministers and central bankers of some of the world's leading economies.Key Quotes"That said, this year's meetings ...
FXStreet / FX Street   |   Fri, 20 May 2016 11:25:03

Will Brexit Destroy Britain and Europe?

On June 23, British voters will decide in a referendum whether to remain in the EU or go it alone. Advocates of remaining, including Prime Minister David Cameron, may have the better arguments, but the future of the UK - and of Europe - is unlikely to be determined by ...
Philippe Legrain / Project Syndicate   |   Fri, 20 May 2016 11:03:32

EU's Moscovici says no "plan B" on Brexit, wants Britain inside united Europe

SENDAI, Japan, May 20 (Reuters) - European Union Commissioner Pierre Moscovici said on Friday that policymakers "have no plan B" to stabilise the pound in the event Britain left the EU.
Reuters   |   Fri, 20 May 2016 10:50:39

a Feel-Good Vote That Could Sink Britain’s Economy

In their desire to leave the E.U. many Britons have found an outlet for fears about immigration and terrorism, but the cost of an exit would be high.
PETER S. GOODMAN / NY Times   |   Fri, 20 May 2016 10:35:11

Voters don't care about TTIP, so how will it help Brexiteers win the EU referendum?

Asa Bennett / Telegraph   |   Fri, 20 May 2016 10:26:15

Juncker warns over Brexit 'deserters'

Strongest intervention in referendum yet from the head of the EU's executive arm
FT   |   Fri, 20 May 2016 10:01:46

Larry Elliott's quite right here

Why? Because, although Britain is likely to stay in the EU, Brexit will remain a live issue unless the eurozone can sort itself out. That means either admitting that the euro has been a terrible mistake, or going the whole ... read more
Tim Worstall   |   Fri, 20 May 2016 09:37:24

Lefty poseurs and Brexit

I've felt myself getting almost irrationally angry over the past few days with a certain sort of person. The kind of person who advocates Brexit from a "classical republican" or perspective. It is bad enough when such people live in the UK or Europe, but at least those people will ...
Chris Bertram / Crooked Timber   |   Fri, 20 May 2016 09:08:46

Markets in the UK are convinced there's not going to be a Brexit

Britain's financial market players are becoming less and less worried about the prospect of Britain leaving the European Union - dubbed a Brexit - as they are increasingly pricing out Brexit risks. According to a new report on the British economy from Deutsche Bank strategist Jack Di-Lizia, market volatility has ...
Will Martin / Business Insider   |   Fri, 20 May 2016 09:06:23

Latest TNS 'Brexit' polls results drags the British Pound lower

The 'Brexit' remains a key overhang for the British Pound as the latest survery results are showing diverging trends.The latest TNS online poll was consistent with its previous findings, giving the 'Leave' campaign a lead of 3 points over 'Remain'.Here are the voting intensions of a sample survey of 1,222 ...
FXStreet / FX Street   |   Fri, 20 May 2016 08:58:02

GBP/JPY stuck in a range around 160.00 neighborhood

Despite the GBP/JPY pair seems to confront supply pressure above 161.00 handle, a strong recovery trend from early May lows has kept the pair buoyant above 160.00 handle.Of late, diminishing 'Brexit' fears coupled with the release of some upbeat economic data from the UK have acted as supportive pillars for ...
FXStreet / FX Street   |   Fri, 20 May 2016 07:54:09

British celebs band together to oppose Brexit

British actors Benedict Cumberbatch, Keira Knightley, Chiwetel Ejiofor and Helena Bonham Carter are among more than 250 celebrities from the arts world who have signed a letter urging Britons to vote to remain in the European Union. Some of Britain's best-known artists, musicians and writers are also signatories to the ...
Reuters / Times of Malta   |   Fri, 20 May 2016 07:19:00

Bookmakers cut 'Remain' odds in Brexit vote

Bookmakers have cut the odds on Britain voting to remain in the EU, the FT reports.
CNBC   |   Fri, 20 May 2016 07:08:00

BOE's Forbes: There's no concrete evidence that Brexit concerns are causing soft UK data

Speaking in an interview with the Belfast Telegraph, BOE MPC member Kristin Forbes noted that uncertainties surrounding Brexit vote may be causing softer UK data, while adding that it's difficult to predict outcome for the EU's referendum.Key Quotes:Softer data may reflect Brexit uncertaintyThere's no concrete evidence that Brexit concerns are ...
FXStreet / FX Street   |   Fri, 20 May 2016 07:01:12

Brexit News Archive: 21 May 2016     |     enquire