Brexit News Archive: 23 May 2016

Campaign Report: 30 Days to Go

Leave message: Turkey joining the EU will strain the NHS. Remain message: Treasury report warns of recession upon Brexit. Cut through: Brexit recession figures bashed by Sturgeon and Boris. Leave social media count: 400,404 likes, 44,595 followers. Remain social media [...]
Guy Fawkes' blog   |   Mon, 23 May 2016 17:08:28

Hedge the Headwinds with FX ETF options

Forex continues to mystify many investors, and accountants too. Yet, Forex becomes every day more and more, the most significant tail risk to any portfolio. British stocks?Here's a potential Brexit smashing the GBP. Only invest domestically? Just wait for another otherwise excellent company to report billions of losses due to ...
Zero Hedge   |   Mon, 23 May 2016 15:33:17

How will the Brexiteers react if they lose? Expect bitterness and frustration | Paul Mason

The right's attitude to migration could get even nastier, but a Remain vote will offer Labour a fresh chance to reconnect with 'red Ukip' Something is happening in the Brexit debate that the polls and the demographic breakdowns are not catching. We know that rightwing Tory grandees are using the ...
Paul Mason / Guardian   |   Mon, 23 May 2016 14:52:21

GBP/JPY drops below 158.50, eyeing 50-DMA for immediate support

Bears strengthened their grip and extended the GBP/JPY pair's downfall from day's peak of 159.84 to a fresh session low of 158.26 amid global risk-off trade and ongoing concerns over the 'Brexit'.After rising to a three week high level of 161.63 on Thursday, the pair reversed some of its weekly ...
FXStreet / FX Street   |   Mon, 23 May 2016 11:40:33

GBP/USD slides further below 1.4500 handle

The GBP/USD pair faded a bullish spike to 1.4549 and extended its slide below 1.4500 handle to currently trade near 1.4475, off day's through level.'Brexit' continue to dominate the headline surrounding the British Pound. The details from the latest UK Treasury Report on 'Brexit' turned investors cautious and weighed on ...
FXStreet / FX Street   |   Mon, 23 May 2016 11:18:33

Claim - 200,000 financial jobs could be created in London if....

Is it that big an 'if' ?
Here Is The City   |   Mon, 23 May 2016 11:05:13

The mood music in the City has changed - yet another sign the UK is hitting a slowdown

Confidence among Britain's biggest companies is at its lowest since 2012, with only 13% of those surveyed anticipating an improvement in the UK economy in the next 12 months, according to research by the Institute of Chartered Secretaries and Administrators (ICSA). Its bi-annual "Boardroom Bellweather" survey of FTSE 350 companies ...
Business Insider   |   Mon, 23 May 2016 09:48:45

Must Read: High cost of low rates

The "Worldwide Exchange" crew discusses some of the morning's top attention-grabbing headlines, including a piece written by Boris Johnson in the Telegraph about Brexit, and a Wall Street Journal article on the negative impact of low rate policies.
CNBC   |   Mon, 23 May 2016 09:45:00

Saj 'Privately Said He Wanted to Leave'

Sajid Javid sounded as if George Osborne had forced him on to the Today programme to tell us why Brexit would cost half a million jobs, like a 1930s show trial for revisionism. Afterwards IDS revealed Saj had privately told [...]
Guy Fawkes' blog   |   Mon, 23 May 2016 08:26:27

Market briefing: BHS, Sir Philip Green, Royal Dutch Shell

The Times Osborne: Brexit vote will trigger recession: Britain would enter a year-long recession if the country voted to leave the European Union, George Osborne will say. Rivals hone bids in battle over troubled steelmaker: The fate of more than 11,000 British steelworkers is hanging in the balance as potential ...
Proactive Investors   |   Mon, 23 May 2016 07:28:00

Links for 05-23-16

Economists are losers so ignore them on Brexit - mainly macro Reluctant partners: the Fed and the global economy - Gavyn Davies Bo Rothstein on the Role of Government in Market Economies - ProMarket The helicopter money drop demands balance...
Economist's View   |   Mon, 23 May 2016 07:06:00

GBP/USD testing highs near 1.4530

The sterling is now marginally up vs. the greenback, taking GBP/USD to the upper end of the range near 1.4530.GBP/USD attention to 'Brexit'The pair is extending last week's gains above the 1.4500 handle today as the recent USD rally seems to be losing some momentum, although gains appear somewhat capped ...
FXStreet / FX Street   |   Mon, 23 May 2016 06:32:43

Flight Centre cuts its FY profit guidance

Flight Centre expects revenue to exceed $19 billion, but that uncertainty over the Brexit, Zika virus and the Australian election will push profit down.
SMH   |   Mon, 23 May 2016 04:42:18

Quiet Week Ahead

The last trading week of the year looks to be quiet (unplanned events notwithstanding). The following Monday the 30th is a market holiday, and then of course that week June begins. And June, between the Brexit vote and the Fed meeting, promises to be a bit more tumultuous than somniferous ...
Tim Knight   |   Mon, 23 May 2016 03:34:19

UK finance firms face anxious year

China, Brexit fears and volatile markets mean only 3% of companies are more optimistic about economy than last year More than four in 10 major financial services firms say their confidence has been knocked by the slowing global economy, Brexit fears and a slump in oil prices. In recent months ...
Press Association / Guardian   |   Sun, 22 May 2016 23:01:22

Brexit can only damage UK's financial hub

The City of London will be diminished if the country leaves the EU
FT   |   Sun, 22 May 2016 15:30:25

So many damn porkie pieces

David Cameron's Talking Nonsense When He Says Brexit Will Raise Food Prices read more
Tim Worstall   |   Sun, 22 May 2016 12:06:14

David Cameron's Talking Nonsense When He Says Brexit Will Raise Food Prices

The referendum campaign over whether Britain should vote to leave the European Union or not still has another month to rumble on and we're seeing the claims from the Remain side becoming ever more ridiculous. I'm fully expecting someone to claim that Brexit will mean a slaughter of the first ...
Tim Worstall, Contributor / Forbes   |   Sun, 22 May 2016 12:04:00

Dublin struggles to influence Brexit vote

Not everyone is convinced that the Irish voice in the debate is loud enough to be heard
FT   |   Sun, 22 May 2016 11:00:56

Brexit 'could damage NHS', warns chief

The health service could suffer if a vote to leave the EU puts the economy at risk as "when the British economy sneezes, the NHS catches a cold", its boss says.
BBC   |   Sun, 22 May 2016 10:42:38

Sunday Selection

BEST OF SEEN ELSEWHERE Brexit: myth is coming , Nick Cohen The BBC's focus on immigration was a whole day of anti-Brexit propaganda , Toby Young The BBC worships at the feet of oh so saintly Angelina , Kathy [...]
Guy Fawkes' blog   |   Sun, 22 May 2016 10:00:27

Leaving EU 'could damage NHS'

Brexit could damage the NHS if it puts the economy at risk because "when the British economy sneezes, the NHS catches a cold", its boss says.
BBC   |   Sun, 22 May 2016 09:57:44

'Brexit' warnings, Egypt jet 'fire', LVG gone

Warnings about the economic impact of leaving or staying in the EU, the suggestion smoke was in the cockpit of the doomed EgyptAir jet, and the fate of Man Utd's boss all feature in the papers.
BBC   |   Sun, 22 May 2016 05:23:44

Rival camps step up EU vote claims

David Cameron says leaving the EU would drive up household bills, while Brexit campaigners warn remaining would leave the UK open to criminals from new EU countries.
BBC   |   Sun, 22 May 2016 04:26:07

Cameron: Brexit Will Hit You At The Checkout

The warning is echoed by four former high street bosses who say leaving the EU would have a devastating effect on the UK economy.
Sky   |   Sun, 22 May 2016 02:25:09

'Brexit' warnings make front pages

Several papers carry warnings about the impact of leaving or staying in the EU ahead of next month's referendum, among a mix of front-page leads.
BBC   |   Sat, 21 May 2016 22:28:41

As Brexit vote looms, US banks in UK review their European commitments

If Britain votes to leave the European Union in June, some US banks could give up parts of their business in the bloc altogether. The option is an extreme scenario under consideration by some Wall Street firms if the terms of an exit, currently a matter of speculation, leave financial ...
Anjuli Davies and Rachel Armstrong, Reuters / Times of Malta   |   Sat, 21 May 2016 22:01:21

Two thirds of UK private equity specialists will vote against Brexit

A survey carried out by RSM among private equity specialists has revealed that two thirds are planning to vote to remain in the EU when British voters take to the polling booths on June 23, with only a fifth saying they would be voting to leave. The survey, carried out ...
Times of Malta   |   Sat, 21 May 2016 22:01:17

Dangers of a possible Brexit

On June 23, Britons go to the polls in a nationwide referendum to determine whether their country remains a member of the European Union. Should a Brexit occur, a two-year transition period would follow but the costs to Britain and Malta would kick in quickly. The International Monetary Fund forecasts ...
Jos Edmond Zarb, Birkirkara / Times of Malta   |   Sat, 21 May 2016 22:01:12

Patrick McLoughlin interview: Brexit would push up ticket prices and threaten our car industry

Tim Ross / Telegraph   |   Sat, 21 May 2016 20:12:55

Osborne 'Pinocchio' on Brexit forecast

Ex-cabinet minister Iain Duncan Smith compares George Osborne to over his claim that a vote to leave the EU would cause an economic shock to UK house prices.
BBC   |   Sat, 21 May 2016 17:55:07

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

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

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