Brexit News Archive: 24 May 2016

Cox: The other European referendum to fret over

While the world obsesses over Brexit, another perilous plebiscite looms in October. Italy's leader has dangerously staked the future of his leadership over a constitutional reform vote. Its failure...
Rob Cox / Great Debate   |   Tue, 24 May 2016 17:01:37

Out and Out Brexit blame game starts

Official Vote Leave group 'losing us this referendum', claim rival Outers
FT   |   Tue, 24 May 2016 16:24:02

Brexit could significantly alter pension funds' risk profiles

Schemes with heavy allocation to UK equities that have high EU exposure could see major changes to their risk profiles following a Brexit, according to research.
Stephanie Baxter / Professional Pensions   |   Tue, 24 May 2016 15:40:06

Kenya's central banker warns on Brexit

Njoroge says Leave vote could cause a 'serious depression'
FT   |   Tue, 24 May 2016 15:18:15

Brexit Migration Drop Bad For Economy: Report

Report on the long-term impact of a post Brexit drop in migrants finds taxes would need to increase by £400 per person by 2065.
Sky   |   Tue, 24 May 2016 14:31:58

What to Expect with a Possible Brexit?

Hold onto your seat, it could be a bumpy ride if the UK votes for a Brexit!Proponents and opponents of a Brexit are anxiously attempting to convince as many Britons as possible of the reasons why a Brexit should be adopted or rejected. On the one hand, you have the ...
EconMatters / EconMatters Global   |   Tue, 24 May 2016 14:23:00

Carney defends stance on Brexit recession

Bank of England governor comes under fire from Eurosceptic MPs
FT   |   Tue, 24 May 2016 14:12:33

OANDA MP - Carney Stands by Brexit Risks (Video)

Senior Market Analyst Craig Erlam talks about how markets are trading today, eurozone and German data, the BoE inflation report hearing and the eurogroup meeting to discuss Greece's bailout.
Craig Erlam / OANDA   |   Tue, 24 May 2016 13:51:54

Bank of England governor rejects accusations of bias over EU referendum

Tory MP and Brexit campaigner Jacob Rees-Mogg accuses Carney of becoming 'politically involved' during select committee hearing Bank of England governor Mark Carney has hit back at critics of Threadneedle Street's warnings over Brexit, arguing that voters wanted to weigh up the economic risks of a vote to leave the ...
Phillip Inman Economics correspondent / Guardian   |   Tue, 24 May 2016 13:49:13

BOE Governor Defends His Brexit Risk Warning

Bank of England governor Mark Carney has robustly defended his stance on the UK's EU referendum debate and accused one of his prominent critics of trying to the Bank's remit. The comments came in testy exchanges during Mr Carney's evidence to the Treasury select committee. Mr Carney was answering questions ...
Alfonso Esparza / OANDA   |   Tue, 24 May 2016 13:48:07

UK Retail Sales Outlook Worsens Ahead of Brexit Referendum

Britain's retailers are braced for June to be the worst month in more than three years as uncertainty over the outcome of the EU referendum weighs on consumers' appetites for spending. Retail businesses are planning to cut jobs and investment as fears about the state of the global economy also ...
Alfonso Esparza / OANDA   |   Tue, 24 May 2016 13:41:19

Extending its sharp slide, EUR/GBP drops to over 3-½ month low

The British Pound extended its rally against its European counterpart, taking the EUR/GBP pair below last week's low to 0.7635, its lowest level since February.Sterling bulls got a boost on fading worries over 'Brexit' as the latest poll from ORB International on EU referendum showed 55% support staying in the ...
FXStreet / FX Street   |   Tue, 24 May 2016 13:30:01

Prospect theory & populism

Does prospect theory help explain support for Brexit in the UK and for Donald Trump in the US? The bit of the theory I have in mind is the prediction that people are risk-seeking when they are losing, because they...
Stumbling and Mumbling   |   Tue, 24 May 2016 12:35:56

What would Brexit mean for universities and would EU students still be able to study in the UK?

Javier Espinoza / Telegraph   |   Tue, 24 May 2016 12:17:02

GBP/JPY reclaims 160.00 with ease, now aiming 161.50

The British Pound continues to gain traction against its Japanese counterpart, with the GBP/JPY pair surging past 160.00 handle with ease after BoE's testimony before Parliament's Treasury Committee. The pair's recovery from 158.00 level gained momentum after the release of latest 'Brexit' poll results that showed overall lead for the ...
FXStreet / FX Street   |   Tue, 24 May 2016 12:02:21

Interest rates could go up or down after Brexit vote, says Mark Carney

Peter Spence / Telegraph   |   Tue, 24 May 2016 12:01:29

The British pound is one fire - here's what's happening in FX

Good morning! The British pound is stronger by 0.9% at 1.4607 against the dollar at 7:46 a.m. ET. This follows a new poll conducted by the ORB for the Daily Telegraph, which suggests that "Remain" is building a big lead in the Brexit vote. 55% of respondents said they back ...
Elena Holodny / Business Insider   |   Tue, 24 May 2016 11:53:00

Look before you leap

HM Treasury offers useful handiwork on short-term Brexit effects
FT   |   Tue, 24 May 2016 11:45:09

Buy UK bank bonds, long-dated gilts regardless of Brexit vote -Pimco

LONDON, May 24 (Reuters) - Investors should buy UK bank bonds and British government debt whatever the result of the country's referendum next month on whether to leave the European Union, bond fund...
Reuters   |   Tue, 24 May 2016 11:18:26

Five Things You Need to Know About Brexit

Ahead of the University of Edinburgh's free online course Towards Brexit? The UK's EU Referendum and one month before the referendum, here are five things you need to know about the Brexit debate: 1. We've been here before In 1975, the UK held its first-ever nationwide referendum on whether to ...
Anthony Salamone / Ideas on Europe   |   Tue, 24 May 2016 11:05:50

Bank of England's Carney, under fresh fire, defends message on Brexit risk

Says it's important to be 'straight with the British people' about the economic impact of exiting the EU
David Milliken and Ana Nicolaci da Costa / Globe and Mail   |   Tue, 24 May 2016 11:01:22

'You have become politically involved': Tory MP clashes with Mark Carney over the Bank of England's Brexit stance

Tory MP Jacob Rees-Mogg claims the Bank of England "fundamentally undermines" its independence by forecasting the potential impact of a Brexit on the economy. The Bank of England warned in May's inflation report that the referendum on Britain's European Union membership is the "most significant risk" to the British economy, ...
Oscar Williams-Grut / Business Insider   |   Tue, 24 May 2016 10:34:29

Investors bank on bookies for Brexit trends as pollsters sow confusion

Polls give widely varying signals on referendum; Betting odds point clearly to Britain staying in EU
Jemima Kelly / Globe and Mail   |   Tue, 24 May 2016 10:33:47

Clydesdale plays down Brexit

In its first result since being offloaded by NAB, the British bank has flagged a decline in charges for prior misconduct.
Austrailian   |   Tue, 24 May 2016 10:27:00

British pound up as poll points to waning EU exit risk

The British pound is posting strong gains after another opinion poll indicated that those advocating a British exit _ so-called Brexit _ from the European Union are losing ground
U.S. News   |   Tue, 24 May 2016 10:21:35

Carney Accused Of Brexit Debate Propaganda

The Bank of England governor undergoes a testy exchange as he faces MPs over his warning on the possible impact of a Brexit.
Sky   |   Tue, 24 May 2016 10:14:17

This new poll should have the Brexit campaign very worried

ORB phone poll: Remain 55 / Leave 42 Men, Tory voters, and the elderly are all now more likely to vote against a Brexit A new poll is worrying reading for people campaigning for Britain to leave the EU. Not only does the ORB poll show another comfortable lead for ...
Adam Payne / Business Insider   |   Tue, 24 May 2016 10:13:31

BOE's Carney: Brexit would lower the probability that next rate move would be up

BOE governor Carney still testifying in front of the Treasury Select Committee:Brexit would lower the probability that next rate move would be upExchange rate would do a lot of the work to increase inflationCorrect response to Brexit isn't necessarily easingFor more information, read our latest forex news.
FXStreet / FX Street   |   Tue, 24 May 2016 10:07:38

Brexiteers' lack of a plan is their greatest weakness, and George Osborne is exploiting it mercilessly

Asa Bennett / Telegraph   |   Tue, 24 May 2016 10:05:45

Carney defends 'Brexit risk' stance

The Bank of England governor robustly defends his stance on the UK's EU referendum debate and accuses one of his critics of trying to the Bank's remit.
BBC   |   Tue, 24 May 2016 09:54:19

BoE won't deliver fresh Brexit message before EU vote - Carney

LONDON, May 24 (Reuters) - Bank of England Governor Mark Carney said he did not expect the central bank to make fresh comments about the risks of Britain leaving the European Union before the...
Reuters   |   Tue, 24 May 2016 09:53:23

EUR/GBP slammed to 0.7665 after BoE comments

Extending its slide from session peak of 0.7751, the EUR/GBP pair downfall intensified after BOE MPC Annual Report indicated that UK inflation is likely to rise gradually through 2016.Earlier on Tuesday, GBP bulls got a boost from the latest 'Brexit' poll results that continued showing lead for the 'Remain' camp. ...
FXStreet / FX Street   |   Tue, 24 May 2016 09:46:57

BOE's Carney: Can ultimately achieve monetary stability whether UK is in EU or not

BOE Carney crossing the wires yet again, commenting on the impact of Brexit in front of the Treasury Select Committee.Key Quotes:It's important I am straight about how Brexit would change trade-off between growth and inflationBOE can ultimately achieve monetary stability whether UK is in EU or notI've had a series ...
FXStreet / FX Street   |   Tue, 24 May 2016 09:36:44

BOE's Carney: No dissenting view on MPC/FPC on Brexit risks

More comments hitting the wires via MNI from the BOE Chief Carney, as he continues to testify before the Treasury Select Committee:All MPC share view on potential impact of Brexit All FPC share view that Brexit is largest domestic riskFor more information, read our latest forex news.
FXStreet / FX Street   |   Tue, 24 May 2016 09:30:30

BOE's Weale: Brexit would increase chance of recession

Comments crossing the wires from BOE MPC member Weale, as he testifies before Parliament's Treasury Select Committee.Key Quotes:Brexit likely to have material impact on growth/CPIBrexit would increase chance of recession For more information, read our latest forex news.
FXStreet / FX Street   |   Tue, 24 May 2016 09:23:49

BOE's Carney: BOE has higher bar on interpreting current data due Brexit

The Bank of England (BOE) Governor Mark Carney testifies on inflation and the economic outlook before Parliament's Treasury Committee:BOE has higher bar on interpreting current data due Brexit EU referendum creating substantial uncertaintyAll Brexit work is governed by the BOE remitWouldn't expect any new Brexit economics from BOE Full IMF ...
FXStreet / FX Street   |   Tue, 24 May 2016 09:18:11

GBP/USD surges on BoE comments, just shy of 1.4600 mark

The GBP/USD pair rallied from 1.4474 and extended its up-move beyond 1.4550 as BOE Governor and several MPC members begin their testimony on inflation and the economic outlook before the Parliament's Treasury Committee. The pair's recovery from day's through level of 1.4474 was led by the latest 'Brexit' poll results ...
FXStreet / FX Street   |   Tue, 24 May 2016 09:16:58

BOE MPC Annual Report: UK inflation likely to rise gradually through 2016

Following are the headlines from the BOE MPC Annual Report published by BOE deputy governor Broadbent:UK inflation likely to rise gradually through 2016UK inflation has passed its troughBrexit likely to slow growth and cause weaker poundUK vote to Remain may result in reboundUK economic growth has slowed in past yearFor ...
FXStreet / FX Street   |   Tue, 24 May 2016 09:10:59

Pub Boss To Hold Brexit Chats With Drinkers

Tim Martin, one of the most prominent business campaigners for a Leave vote, will visit 100 pubs ahead of the referendum.
Sky   |   Tue, 24 May 2016 08:54:20

The pound is charging after the latest Brexit poll showed remain building a huge lead

The British pound is on a charge on Tuesday after a new Brexit poll showed that the Remain campaign is moving further into the lead ahead of the UK's EU referendum, which is now less than a month away. On Tuesday morning, a poll conducted by the ORB for the ...
Will Martin / Business Insider   |   Tue, 24 May 2016 08:50:16

GBP/JPY spikes above 159.00 handle after latest 'Brexit' polls

The GBP/JPY pair staged a smart good recovery from 50-day SMA support near 158.00 mark to currently trade back above 159.00 round figure mark. On Tuesday, GBP pairs gained traction after the latest 'Brexit' poll results from ORB International for the Daily Telegraph showed the 'Remain' camp maintaining their lead ...
FXStreet / FX Street   |   Tue, 24 May 2016 08:47:39

Patrick Minford Has The Economic Effects Of Brexit Correct Here

One of the terribly frustrating parts of this referendum campaign is the manner in which the official bodies are rather manipulating their estimates of the economic effect of Brexit, of Britain leaving the European Union. That manipulation is in their assumptions of what the trade policy of a newly sovereign ...
Tim Worstall, Contributor / Forbes   |   Tue, 24 May 2016 08:18:00

Study signals Brexit risk for London

UK vote to leave EU would push global companies to relocate 'decision centres', report says
FT   |   Tue, 24 May 2016 08:11:02

HEROIC: Top Economist Calls for UK's Chancellor of the Exchequer to Resign Over Brexit Propoganda

Professor Patrick Minford, a former advisor to the UK's Treasury, called for Chancellor of the Exchequer George Osborne to resign after the EU referendum following the Treasury's "politically criminal" analysis of the impact of a Brexit vote. Osborne claims quitting the EU could plunge Britain into a year-long recession. The ...
Robert Wenzel / Economic Policy Journal   |   Tue, 24 May 2016 08:05:00

GBP/USD through 1.45 on Brexit polls

A bout of buying interest sent the sterling to session highs vs. the dollar, with GBP/USD quickly leaving behind the 1.4500 barrier to climb to the vicinity of 1.4550.GBP/USD stronger ahead of BoE Inflation ReportSpot has retaken the 1.4500 handle after latest results from ORB International for the Daily Telegraph ...
FXStreet / FX Street   |   Tue, 24 May 2016 08:02:48

The Case For Brexit

With the market still strongly disagreeing with the polls over how BREMAIN is a done deal... TrueSinews' Sean Corrigan explains why in his contrite "case for Brexit"... 'Dear True Sinews, what are your thoughts on Brexit? Roger Bootle wrote a piece in the Telegraph yesterday suggesting that just because everyone ...
Tyler Durden / Zero Hedge   |   Tue, 24 May 2016 08:00:00

How has credit fared so far in May?

The sharp tightening trend from mid-February to the end of April has ended. News from China is seemingly deteriorating, US profit figures have been choppy whilst interest rate expectations in the US may start rising rather than remaining in the lower for longer phase. To top it all up, Brexit ...
Mark Vella / Times of Malta   |   Tue, 24 May 2016 07:42:00

British pound up as markets see lower risk of EU exit

LONDON (AP) - The British pound posted strong gains Tuesday as market expectations waned somewhat of a British exit from the European Union, so-called Brexit.
Associated Press   |   Tue, 24 May 2016 07:41:00

Would Brexit affect the Dutch market?

Ralph Hamers, CEO of ING, says the Dutch market is the most open economy in the EU and talks about the impact if the U.K. left the European Union.
CNBC   |   Tue, 24 May 2016 07:31:00

Spectre of Russia haunts Brexit campaign

Cameron remarks on Putin and Brexit bemused Moscow but Russians in the UK have stake in the outcome
FT   |   Tue, 24 May 2016 07:14:24

'Remain' 13 Points Ahead of 'Leave' in ORB Brexit Poll

The "Remain" camp holds a 13-point lead over "Leave" rivals in Britain's EU referendum campaign, after winning support for the first time from a majority of men, those aged over 65 and Conservative voters, according to a poll from ORB published in Tuesday's edition of the Telegraph newspaper. The poll ...
Craig Erlam / OANDA   |   Tue, 24 May 2016 07:00:05

Porta in the black, but Brexit looms

Marketing consultancy group Porta Communications PLC (LON:PTCM) has reported robust trading for the year putting the group firmly in the black for the first time in its history, staving off impending Brexit uncertainty. With the looming EU referendum, the group saw some temporary slowdown in project work in the UK. ...
Proactive Investors   |   Tue, 24 May 2016 06:42:00

EU referendum poll: pensioners, Tory voters and men are deserting the Brexit campaign

Peter Dominiczak / Telegraph   |   Tue, 24 May 2016 06:33:12

Brexit referendum: One month to go - Deutsche Bank

Research Team at Deutsche Bank, suggests that the June 23rd Brexit referendum is fast approaching and with just one month to go, the outcome remains too close to call as polls remain tight, and in any case have been poor predictors of recent UK elections.Key Quotes"The referendum could have profound ...
FXStreet / FX Street   |   Tue, 24 May 2016 05:58:34

Brexit campaign stirs up fear of Turks

The poster's message isn't subtle: The Turks are coming.
CNN   |   Tue, 24 May 2016 05:57:22

Established parties have lost traction: UBS chair

Axel Weber, chairman at UBS, talks about risks related to the rise of non-centrist, fringe political parties in Europe and comments on Brexit.
CNBC   |   Tue, 24 May 2016 05:55:00

EU Referendum: Tories in revolt as David Cameron suggests vote to leave EU is 'immoral'

Laura Hughes / Telegraph   |   Tue, 24 May 2016 05:49:12

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

Is it that big an 'if' ?
Here Is The City   |   Tue, 24 May 2016 05:42:01

Brexit: Norwegian Would

Those hoping that Brits will vote on June 23 to quit the EU ('Brexit') will be dismayed by a new poll in The Daily Telegraph.In a nutshell:The poll finds that men, Tory voters and over-65s are increasingly turning to the pro-EU campaign after previously supporting a Brexit in much larger ...
Andrew Stuttaford / National Review   |   Tue, 24 May 2016 04:41:36

Brexiters' insouciance is right of rich

The Leave campaigners' droll routine is all the worse for their pose as underdog yeomen
FT   |   Tue, 24 May 2016 04:30:21

Nigel Farage: The Speech That Might Result in BREXIT

(ht LRC)
Robert Wenzel / Economic Policy Journal   |   Tue, 24 May 2016 04:01:00

Arguments from the Exit Side of Brexit, by Emily Skarbek

My sense is that most of the coverage of Brexit in the US comes down in favour of remaining in the EU. That is the case put forward in Dalibor Rohac's new book . And for onlookers, I think it is easy to dismiss the exit position when it brings ...
EconLog   |   Tue, 24 May 2016 03:28:53

The Economic Arguments Against Brexit

On Monday, Her Majesty's Treasury released a report claiming that a "Leave" vote in the June 23rd referendum on whether the United Kingdom should leave the European Union would plunge the British economy, which has been growing modestly for the past couple of years, into a slump. The report says ...
John Cassidy / New Yorker   |   Tue, 24 May 2016 00:48:38

Boris Johnson slams Treasury's post-Brexit job loss claim as a hoax

Brexit campaigner dismisses calculation that 800,000 people would lose jobs if voters opt to leave the EU on 23 June Boris Johnson has dismissed as a "hoax" claims by the Treasury that 800,000 people would lose their jobs and that Britain would be plunged into a year-long recession following a ...
Helen Pidd North of England correspondent / Guardian   |   Tue, 24 May 2016 00:20:07

Brexit fear hits foreign direct investment

Property prices and deteriorating infrastructure add to concern
FT   |   Mon, 23 May 2016 23:02:40

Bricklayers benefit from rising demand in construction sector

Skills shortage means brickies earning up to £1,000 a week and Brexit could exacerbate situation, say recruiters Bricklayers are earning up to £1,000 a week as firms compete for workers to keep housebuilding and infrastructure projects on track, according to a survey of recruitment firms. A skills shortage in the ...
Hilary Osborne / Guardian   |   Mon, 23 May 2016 23:01:27

Brexit: to weigh on UK GDP - Deutsche Bank

Analysts at Deutsche Bank The long-term macro impact of Brexit on the UK is unclear; in the short-term uncertainty could weigh on growth.Key Quotes:"Macro impact of Brexit is difficult to estimate and highly dependent on nature of the post-Brexit deal.In the short-term uncertainty is likely to weigh on spending and ...
FXStreet / FX Street   |   Mon, 23 May 2016 22:59:20

EU referendum poll: Pensioners, Tory voters and men are deserting the Brexit campaign

Peter Dominiczak / Telegraph   |   Mon, 23 May 2016 21:00:00

'Hitler' outbursts mean worse Brexit deal, warns EU official

Matthew Holehouse / Telegraph   |   Mon, 23 May 2016 20:25:32

Brexit fears grow as China, oil worries abate

The British referendum vote on whether to stay in the European Union has sparked major concerns as fears about China and low oil prices are subsiding for now.
CNN   |   Mon, 23 May 2016 20:18:04

Osborne's final Brexit barrage paints 'worse case' scenario - and leaves out the rest

Peter Spence / Telegraph   |   Mon, 23 May 2016 19:54:50

The Brexit Is Looking Unlikely, So Go Long GBP/USD

Seeking Alpha   |   Mon, 23 May 2016 19:53:29

Brexit would damage important trade links with Asia

Lloyd Dorfman / Telegraph   |   Mon, 23 May 2016 19:01:03

Britain's destiny in a struggling European Union | Letters

Larry Elliott (Brexit may be the best answer to a dying eurozone, 19 May) paints a grim picture of the European future in making a case for Brexit. But he fails to explain how the UK leaving the EU will help us, or the wider continent. The UK, by virtue ...
Letters / Guardian   |   Mon, 23 May 2016 18:43:21

Brexit Could Kill 820,000 Jobs: Chancellor

George Osborne says Brexit will see jobs go and a £800 pay cut for average workers. Vote Leave calls the claim "biased".
Sky   |   Mon, 23 May 2016 18:25:58

VIDEO: Treasury in Brexit recession warning

Leaving the European Union would tip the UK into a year-long recession, with up to 820,000 jobs lost within two years, Chancellor George Osborne has claimed.
BBC   |   Mon, 23 May 2016 17:53:45

Nicola Sturgeon warns 'overblown' Treasury Brexit report could backfire

Simon Johnson / Telegraph   |   Mon, 23 May 2016 17:24:54

Brexit vote: one month away the recession warnings keep coming

Exactly one month before the referendum on whether Britain stays in the European Union the warnings kept on coming from Prime Minister David
euronews   |   Mon, 23 May 2016 17:11:50

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

Brexit Campaigners Spar With Treasury Over Economy

The opposing camps in the debate over the U.K.'s membership of the EU traded blows over the economy, with anti-EU campaigners criticizing an official analysis suggesting Britain could be plunged into a yearlong recession if Britons vote to leave the bloc.
WSJ   |   Mon, 23 May 2016 15:49:30

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

UPDATE 1-Fed's Williams sees U.S. rate hikes despite Brexit risk, more in 2017

NEW YORK, May 23 (Reuters) - The Federal Reserve is on track to hike interest rates in June or July despite risks such as a "Brexit" vote, and will continue with even more hikes next year given U.S....
Reuters   |   Mon, 23 May 2016 14:57:14

UK Treasury Brexit report is overly negative

Over 90 pages, the British Treasury's latest report on the EU referendum attempts to identify the short-term economic effects of a vote to leave on June 23 - aka Brexit. When the Treasury tweeted the publication late on the morning of May 23 it was billed a "detailed and rigorous ...
Costas Milas, Professor of Finance, University of Liverpool / The Conversation   |   Mon, 23 May 2016 14:53:26

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

Brexit Scaremongering Taken To New Level With Threat Of "Year Long Recession"

The last few weeks have seen 'Project Fear' taken to all new levels by the UK establishment as doom-mongering over a possible Brexit conjure images of post-apocalyptic movies. UK PM Cameron and Chanceller Osborne's latest op-ed tirade warns of 800,000 jobs lost and an "immediate year-long recession" if the Brits ...
Tyler Durden / Zero Hedge   |   Mon, 23 May 2016 14:43:55

UK Treasury Brexit analysis: circularity and false precision

The Treasury today published its analysis of the short-term economic impact of a "Brexit" vote. The report states that the economy would fall into a recession immediately following such a vote on 23 June, with no recovery until the third quarter of 2017 at the earliest. After two years (i.e. ...
Simon Ward / Money Moves Markets   |   Mon, 23 May 2016 14:04:11

'Brexit' looms over mid-June Fed meeting, Williams says

NEW YORK, May 23 (Reuters) - The possibility that Britons could vote to leave the European Union a week after a mid-June Federal Reserve decision on raising interest rates will play a role in that...
Reuters   |   Mon, 23 May 2016 14:01:42

Iulian Fruntau: "Brexit would be like leaving the bridge of a ship for the lower decks"

If Britain chose to leave the European Union, it would not only have an effect inside the UK, but also on the rest of Europe. Iulian Fruntau, the Moldovan Ambassador to the UK, presents his view on the referendum. He argues that the UK's interests will continue to be affected ...
Blog Admin / EUROPP   |   Mon, 23 May 2016 13:42:06

George Osborne's post-Brexit economy is a fantasy land

UK chancellor's dire warnings are based on worst-case scenarios modelled on best guesses. They are economically flawed but politically powerful With one month to go to the referendum, George Osborne is pulling out all the stops. The chancellor has a clear message: A vote to leave the EU is a ...
Katie Allen / Guardian   |   Mon, 23 May 2016 12:50:12

Should the Treasury's warning of a year-long, post-Brexit recession be believed, or is it just nonsense?

Jeremy Warner / Telegraph   |   Mon, 23 May 2016 12:14:55

Investors want to quit the EU - and they really don't care what Obama says about Brexit

Tim Wallace / Telegraph   |   Mon, 23 May 2016 11:54:48

Why is the Treasury ignoring arguably the most likely post-Brexit deal?

If you follow these things, you may recall that last month, when the Treasury produced its analysis of the long-term impact of Brexit, it furnished us with three potential scenarios: 1. that Britain leaves the EU and remains in the European Economic Area (the EEA, or single market), a little ...
Ed Conway / Edmund Conway   |   Mon, 23 May 2016 11:54:47

Brexit Could Tip the Economy Into Recession, U.K. Treasury Says

The U.K. economy could be plunged into a yearlong recession if Britons vote to leave the European Union in a referendum next month, the country's treasury said.
WSJ   |   Mon, 23 May 2016 11:41:31

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

So What's Fishy About Treasury Brexit Report?

As the Chancellor unleashes his "shock" and "severe shock" Brexit report on voters Sky's Ed Conway finds some inconsistencies.
Sky   |   Mon, 23 May 2016 11:06:42

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

Brexit would create a 'DIY recession'

Treasury analysis says wages, sterling and employment would fall
FT   |   Mon, 23 May 2016 10:48:41

Cameron warns against 'self-destruct' vote to leave EU

PM and chancellor unveil Treasury report which predicts a fall in GDP, sterling, house prices and wages in the event of Brexit British people would be voting to if they choose to leave the EU because it would cause either a shock or severe shock to the economy, David Cameron ...
Rowena Mason Political correspondent / Guardian   |   Mon, 23 May 2016 10:28:47

£4,300 to quit the EU? Bring me my cheque book

Shutterstock/train station Those who would have us remain in the EU simply don't get it. They project all manner of reasons for why we should do so. Economic reasons, security and migration reasons, global connection and trade reasons. Heck, they even point to the bleeding obvious - that the Brexit ...
Bill Durodie, Professor and Chair of International Relations, University of Bath / The Conversation   |   Mon, 23 May 2016 10:00:43

UK Treasury warns on Brexit

New analysis flags likelihood of a year-long recession and 3.6pc decline in GDP within 2 years.
Austrailian   |   Mon, 23 May 2016 09:56:00

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

UK government says Brexit would spark year-long recession

The U.K. Treasury has predicted a year-long recession if Britain votes to leave the European Union.
CNN   |   Mon, 23 May 2016 09:14:46

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

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

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

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

Brexit News Archive: 24 May 2016     |     enquire