Brexit News Archive: 27 May 2016

BTFVIX?

With Goldman suggesting VIX should be in the upper teens based on 'fundamentals' and event risks galore on the horizon (FOMC, Brexit, Spain elections, US elections, etc.) Geneva Swiss Bank suggests it is time to BTFVIX... Goldman's research indicates that changes in the unemployment rate, ISM new orders and consumer ...
Zero Hedge   |   Fri, 27 May 2016 18:50:00

#withJuncker

Although the root cause of the UK's discontent with the EU can be found in the way that the 'Common Market' was originally (and dishonestly) sold to the British electorate, the battle of Brexit can also be viewed as yet another front in a wider, multi-faceted struggle across the EU ...
National Review   |   Fri, 27 May 2016 17:38:36

Bone Hits Back at the Straw-Coetzee Lie Machine

Will Straw was not allowed to get away with claiming that EU citizens would be sent back post-Brexit. Another falsehood pumped out by Ryan Coetzee Remainer's Lie Machine. The only people being sent packing will be the EU officials in [...]
Guy Fawkes' blog   |   Fri, 27 May 2016 14:00:25

GBP/JPY corrects for second day running, moves closer to 160.00 level

After rising above 100-day SMA for the first time since Nov. 2015 to a four-week high level of 162.53, the GBP/JPY pair erased majority of its weekly gains and has now dropped back close to the 160.00 psychological mark. In the past few weeks, receding fears of 'Brexit' had been ...
FX Street   |   Fri, 27 May 2016 13:05:11

GBP: Brexit focus restrains GDP - ANZ

Research Team at ANZ, suggests that the UK referendum on EU membership continues to dominate sentiment towards sterling and has weighed the economy. Key Quotes "Opinion polls show a rise in support for the 'Remain' campaign, but the high level of undecided votes is adding to uncertainty. The BoE suggests ...
FX Street   |   Fri, 27 May 2016 12:08:05

Friday Morning Links

MUST READS Brexit 'serious risk to growth' says G7 - BBC Abe claims success as G-7 leaders back action on economies - AP Bankers to share desks as part of financial world's cost-cutting - Telegraph Billionaire's revenge: Peter Thiel's nine-year Gawker grudge - Guardian Seventeen Words That Spelled Trouble for ...
Tim Iacono   |   Fri, 27 May 2016 11:31:16

David Cameron: 'Special relationship' will remain if Donald Trump wins US presidency

Peter Dominiczak / Telegraph   |   Fri, 27 May 2016 05:39:49

At UN climate talks some worry about Brexit, Trump impacts

Climate negotiators ended their first talks after last year's landmark Paris Agreement with some delegates expressing concern about the potential impacts of upcoming votes in the U.S. and Britain
U.S. News   |   Thu, 26 May 2016 20:22:20

Real Estate Shares Shrug Off Brexit

British commercial real estate is among the asset classes most vulnerable to a shock if the U.K. votes to leave the European Union. But judging from the recent share performance of the country's publicly listed property companies, investors don't seem to care.
Jon Sindreu and Art Patnaude / MoneyBeat   |   Thu, 26 May 2016 16:59:39

Goldman: Markets Biggest Fear Is Neither Trump, Nor Sanders, Nor The Fed ... It's Brexit

As the market prices in Brexit volatility, where are the opportunities for traders? Shortly after an Investec research report noted that the perception regarding a Brexit volatility and a mean reversion trade might drive reality, and recommended buying a U.K. [...] The post Goldman: Markets Biggest Fear Is Neither Trump, ...
Value Walk   |   Thu, 26 May 2016 16:47:02

A Post-Referendum Agenda for Britain

Even if voters in the UK choose to remain in the EU, Prime Minister David Cameron will have an unpleasant mess to clean up. Rather than focus on the home front, Cameron should take the lead in putting in place a credible European policy for dealing with mass migration.
Chris Patten / Project Syndicate   |   Thu, 26 May 2016 15:33:30

Shoppers brush off Brexit fears with record credit card splurge

Tim Wallace / Telegraph   |   Thu, 26 May 2016 14:20:23

Labour's moribund referendum

What on earth has happened to the left in the Brexit debate? Chapter nine of Blimey, it could be Brexit! At the start of the final month of the referendum campaign, the London newspapers are complaining about how negative, personalised and miserable the arguments have become. You would never have ...
Open Democracy   |   Thu, 26 May 2016 12:54:38

Brexiteers' shallow love of democracy and sovereignty

Brexiteers' shallow love of a national self-determination they don't understand
FT   |   Thu, 26 May 2016 11:40:19

Soubry's Big Nissan-derstanding

Nissan are on the record saying they won't leave Britain post-Brexit and have been at pains not to scaremonger about the referendum. So they were a bit put out by Anna Soubry using their reception in parliament last night to [...]
Guy Fawkes' blog   |   Thu, 26 May 2016 10:46:08

IMF Not Funding July Greece Deal, Still Wants Serious Debt Relief Before Committing New Dough

The IMF has not given up on debt relief for Greece, but due to the upcoming Brexit vote, is holding off on the fight until fall.
Yves Smith / Naked Capitalism   |   Thu, 26 May 2016 09:55:05

UK economy grew at 0.4%, ONS confirms

Increases in business services and government spending propped up growth with worrying fall in business investment blamed on Brexit fears Britain's economy grew at 0.4% in the first three months of the year, despite a slump in manufacturing and construction output that has dragged down GDP growth over the last ...
Phillip Inman Economics correspondent / Guardian   |   Thu, 26 May 2016 09:41:22

Boris Johnson part of 'horror scenario'

European Commission president suggests leading Brexit backer return to Brussels to reassess stance
FT   |   Thu, 26 May 2016 09:09:29

S&P: The pound could lose its spot as one of the world's top currencies in a Brexit

Credit ratings agency Standard & Poor's has warned that the pound could lose its place as one of the world's most important reserve currencies if Britain votes to leave the European Union in June. In a new report, titled "Brexit Is A Risk To The Reserve Status Of Sterling" S&P ...
Will Martin / Business Insider   |   Wed, 25 May 2016 13:31:01

IFS warns Brexit would extend austerity for two more years

Thinktank says lower growth and extra borrowing would offset any benefits from halting what it claims is the £150m a week UK contribution to Brussels Britain's leading tax and spending thinktank, the Institute for Fiscal Studies, has warned that leaving the European Union would force ministers to extend austerity measures ...
Phillip Inman Economics correspondent / Guardian   |   Tue, 24 May 2016 23:01:23