Brexit News Archive: 06 Jun 2016

Developed World Bond Yields Plunge To Record Lows

With the plunge in rate-hike odds and fears over Brexit, it appears the safety of global developed market bonds is sought after as Bloomberg's Developed World Bond yield slumps to just 62bps - a record low. Yields are moving opposite to what economist expected (and have been expecting since the ...
Zero Hedge   |   Mon, 6 Jun 2016 21:30:00

Ministers and pro-EU MPs could trigger 'constitutional crisis' by using Commons' majority to keep Britain in the European Union after Brexit

Christopher Hope / Telegraph   |   Mon, 6 Jun 2016 17:57:23

EU referendum: Sterling volatility hits crisis levels as David Cameron warns Brexit would 'put a bomb under economy'

Michael Wilkinson / Telegraph   |   Mon, 6 Jun 2016 14:49:12

CEE MARKETS-Currencies firm, Polish bonds retreat on supply rise

* Polish bonds retreat on debt supply and Brexit worries * Forint, zloty touch multi-week highs vs euro * Romania's local election cuts short-term political risk (Recasts with retreat of...
Reuters   |   Mon, 6 Jun 2016 13:51:21

Monday Morning Links

MUST READS Yellen speech may be attempt at damage control - MarketWatch The Land Where Negative Interest Rates Are Normal - Bloomberg Why Swiss voters said 'No' to a guaranteed basic income - CSM Sterling volatility at crisis levels as polls show Britons back Brexit - Telegraph Trump is a ...
Tim Iacono   |   Mon, 6 Jun 2016 12:26:40

Europe's Floods Come as No Surprise

By Alex Kirby / Climate News Network Scientists have warned that the extra moisture in warmer air will mean more intense rainfall, but floods still leave governments unprepared. Related Entries June 5, 2016 Matt Damon Talks Banks, Brexit, Climate Change and Inequality at MIT Commencement (Video) June 3, 2016 New ...
truthdig   |   Mon, 6 Jun 2016 11:45:01

10 things you need to know today (spy, sox, qqq, dia, gs)

Here is what you need to know. Fed Chair Janet Yellen speaks. Federal Reserve Chair Janet Yellen will speak in front of the World Affairs Council of Philadelphia on Monday. Traders will be watching for any clues as to how Friday's jobs report and the coming Brexit vote could affect ...
Money Game   |   Mon, 6 Jun 2016 11:08:00

Sterling volatility hits crisis levels as two polls show Britons back Brexit

Telegraph   |   Mon, 6 Jun 2016 09:07:03

The Great Pushback: Western Politics and Dynamics of Exclusion

By Roberto Orsi A recent piece by Henry Radice on this very blog envisages a connection between different phenomena on the two sides of the Atlantic, namely Mr. Cameron's political tactics (or strategy?), which has led to the Brexit referendum, ... Continue reading →
LSE Euro Crisis   |   Mon, 6 Jun 2016 07:30:37

"A British Test of Reason" by Jean Pisani-Ferry

If voters in the United Kingdom decide in the country's referendum on June 23 to leave the European Union, it will not be for economic reasons. They may choose Brexit because they want full sovereignty, because they hate Brussels, or because they want migrants to return home, but not because ...
Social Europe Journal   |   Mon, 6 Jun 2016 07:00:35

Sterling volatility at post-crisis peak

Poll leads for Brexit campaign hit the pound
FT   |   Mon, 6 Jun 2016 07:00:11

MPs 'considering single market option'

Pro-Remain MPs are considering using their Commons majority to keep Britain inside the EU single market if there is a vote for Brexit, the BBC has learnt.
BBC   |   Mon, 6 Jun 2016 05:48:24

Tory 'civil war' and 'hero' Muhammad Ali

Conservative prime ministers past and present make headlines as they "attack the Brexit campaign", while Muhammad Ali continues to feature on front pages.
BBC   |   Sun, 5 Jun 2016 23:38:30

Jester Johnson in 'squalid campaign'

John Major has slammed Boris Johnson as a court jester whose "squalid" Brexit campaign could split the Tory Party.
Austrailian   |   Sun, 5 Jun 2016 23:17:00

Two New Polls Put Leave Ahead

Leave are ahead for the first time with YouGov/GMB, and are also beating Remain with TNS . The YouGov poll finds immigration is the key issue for voters. 17 days to go - Brexit has the big mo... Tagged: EU [...]
Guy Fawkes' blog   |   Sun, 5 Jun 2016 23:00:51

Banks train staff to answer Brexit queries

Retail chains prepare to reassure panicked customers in event of Leave vote
FT   |   Sun, 5 Jun 2016 18:59:03

Economic arguments about Brexit have succumbed to group-think

Roger Bootle / Telegraph   |   Sun, 5 Jun 2016 18:55:29

The Economic Consequences of a Donald Trump Win Would be Severe

Larry Summers: ... What I find surprising is that US and global markets and financial policymakers seem much less sensitive to "Trump risk" than they are to "Brexit risk". Options markets suggest only modestly elevated volatility in the period leading...
Economist's View   |   Sun, 5 Jun 2016 17:19:43

GMO International Active 1Q16 Commentary - The Brexit Debate

GMO International Active performance update for the first quarter ended March 31, 2016. Performance The GMO International Active EAFE Strategy underperformed the MSCI EAFE index by 0.6 percentage points in the first quarter; the strategy fell 3.6% net of fees [...] The post GMO International Active 1Q16 Commentary - The ...
VW Staff / Value Walk   |   Sun, 5 Jun 2016 15:21:00

JP Morgan boss: up to 4,000 jobs could be cut after Brexit

The chief executive of JP Morgan has warned that the biggest US bank could cut as many as 4,000 UK jobs if Britain votes to leave the EU.
Here Is The City   |   Sun, 5 Jun 2016 15:11:27

British voters succumbing to 'impulse, irritation and anger' - and it may lead to Brexit - says world's most influential psychologist

Ambrose Evans-Pritchard / Telegraph   |   Sun, 5 Jun 2016 14:55:59

Bank of England in preparations for potential Brexit

Funding operations will ensure UK commercial banks have cash to cope with any turmoil caused by market uncertainty The Bank of England will draw on lessons learned from the Scottish referendum and the global financial crisis as it steps up its preparations for a possible decision by Britain to leave ...
Jill Treanor and Larry Elliott / Guardian   |   Sun, 5 Jun 2016 14:44:02

Investors add Brexit clauses to British property deals before EU vote

June 5 (Reuters) - Commercial property investors are writing clauses into contracts giving buyers the right to walk away from real estate deals if Britain votes to leave the European Union this...
Reuters   |   Sun, 5 Jun 2016 11:00:01

Brexit forecasters miss everything that matters to real voters

What if the warnings from the IMF, the OECD and the Bank of England are just going straight over the heads of ordinary people? The International Monetary Fund says Brexit would either be pretty bad or very bad. The Organisation for Economic Cooperation and Development warns that there would be ...
Larry Elliott Economics editor / Guardian   |   Sun, 5 Jun 2016 10:39:29

Asset managers Brexit-proof funds

There is a lot of uncertainty regarding how best to price in the UK referendum on EU membership
FT   |   Sun, 5 Jun 2016 09:01:32

Asset managers move to Brexit-proof funds

For asset managers, there is a lot of uncertainty regarding how best to price in, and make money from, the referendum in two weeks. The FT reports.
CNBC   |   Sun, 5 Jun 2016 09:01:00

Brexit may seem like the west's biggest problem. But look at the US economy

The latest American job market figures are truly alarming: and will require a complete change of approach from the Federal Reserve Britain is trapped in its own little Brexit bubble. For the next two and a half weeks, the country will be obsessed with the result of the referendum on ...
Guardian Staff / Guardian   |   Sun, 5 Jun 2016 08:00:34

boris johnson eu referendum david cameron brexit

Telegraph   |   Sun, 5 Jun 2016 07:50:34

BBC: EU referendum: Brexit 'could cause mortgage rises', says Cameron

In Out, In Out, Shake it all about and Remain again suggests that Treasury analysis suggested that voting to leave the EU could add £920 to the annual cost of the average mortgage. Mortgage rates could rise by 0.7% costing the 'average' mortgage holder of a £292000 property the equivalent ...
enuii / House Price Crash   |   Sun, 5 Jun 2016 07:25:01

David Cameron Says Brexit Would Cause Mortgage Increases

David Cameron, the British Prime Minister, is piling on the fear, uncertainty and doubt over the upcoming referendum on whether Britain should leave the European Union. The latest threat is that if Brexit happens, if Britain becomes newly sovereign again, then mortgages will become more expensive. This of course strikes ...
Tim Worstall, Contributor / Forbes   |   Sun, 5 Jun 2016 07:16:00

Brexit Fight

By By Marian Kemensky, Slovakia, Cagle Cartoons Related Entries June 2, 2016 Huge Majority of Americans Are Frustrated, Angry, Helpless-You Name It-Due to 2016 Elections May 10, 2016 Londoners Elect a Muslim Mayor
truthdig   |   Sat, 4 Jun 2016 22:06:44

Exclusive: Seven police chiefs warn over Brexit terror risk

Tim Ross / Telegraph   |   Sat, 4 Jun 2016 21:17:04

After the Brexit referendum - four political impacts to watch for

While a vote for 'Brexit' will create by far the biggest waves, whichever way the vote goes on June 23, there will be political fall out to contend with. Here are just some scenarios: PA images/Daniel Leal-Olivas. All rights reserved.The outcome of the EU referendum remains too close to call. ...
Kirsty Hughes / Open Democracy   |   Sat, 4 Jun 2016 19:58:15

Top Labour spin doctor's advice to Brexit campaign exposed after Twitter slip up

Kate McCann / Telegraph   |   Sat, 4 Jun 2016 19:44:16

The mating model terns causing a stir with Brexit campaigners

Kate McCann / Telegraph   |   Sat, 4 Jun 2016 16:28:32

Young urged to stop 'Brexit by default'

Brexit campaigners could win if turnout is low in the EU referendum, former Labour leader Neil Kinnock warns, as he calls on young people to vote.
BBC   |   Sat, 4 Jun 2016 15:30:40

Young urged to avoid 'Brexit by default'

Brexit campaigners could win if turnout is low in the EU referendum, former Labour leader Neil Kinnock warns, as he calls on young people to vote.
BBC   |   Sat, 4 Jun 2016 14:55:38

Kinnock warns of Brexit by 'default'

Brexit campaigners could win "by default" if turnout is low in the EU referendum, Neil Kinnock warns.
BBC   |   Sat, 4 Jun 2016 13:42:52

It's England's Brexit

The referendum is an English question. When it is over the UK will need an English parliament. Chapter 10 of Blimey, it could be Brexit! Well said, old mole! Canst work i' th' earth so fast? Less than a month before the vote and polls suggest the outcome of the ...
Anthony Barnett / Open Democracy   |   Sat, 4 Jun 2016 12:45:37

Questor share tip: Brexit fears strike housebuilders

John Ficenec / Telegraph   |   Sat, 4 Jun 2016 12:07:34

By playing the immigration card, Vote Leave has tied itelf to the most dangerous form of Brexit

Jeremy Warner / Telegraph   |   Sat, 4 Jun 2016 11:28:23

The UK politics podcast

Momentum for Brexit and fixing migration in the UK
FT   |   Sat, 4 Jun 2016 10:47:10

The politicisation of truth

I showedsome poll results yesterday suggesting that on Brexit the public trusted academics more than anyone except friends and family. Academic economists overwhelming think Brexit will be bad for the UK economy, and therefore bad for the average person's prosperity. Ryan Bourne of the Institute of Economic Affairs (right wing ...
Mainly Macro   |   Sat, 4 Jun 2016 09:17:00

EU debate: Angry Sky News audience rounds on 'waffling' David Cameron as he is accused of 'scaremongering' over Brexit fears

Michael Wilkinson / Telegraph   |   Sat, 4 Jun 2016 09:05:28

Brexit Looms Over British Stocks

Brexit Looms Over British Stocks Bookmakers say the odds that Britain will vote to leave the European Union on June 23 are just 30%. Three stocks that could rise if Brexit is voted down.Brexit Looms Over British StocksBy Jonathan Buck Bookmakers say the odds that Britain will vote to leave ...
Barrons   |   Sat, 4 Jun 2016 07:28:36

Spend £100 Million A Week More On The NHS After Brexit Says Michael Gove

The promises are coming thick and fast as the referendum campaign over leaving the European Union heats up. The latest being that if Britain did vote for Brexit then it would be possible to spend £100 million a week more on the National Health Service. Michael Gove, the Justice Secretary, ...
Tim Worstall, Contributor / Forbes   |   Sat, 4 Jun 2016 07:16:00

Brexit 'could boost NHS by £100m a week'

Leaving the EU could allow the UK government to spend an additional £100m a week on the NHS, leading Brexit campaigners say.
BBC   |   Sat, 4 Jun 2016 05:26:43

Brexit 'would boost NHS by £100m a week'

Leaving the EU would allow the UK government to spend an additional £100m a week on the NHS, leading Brexit campaigners say.
BBC   |   Sat, 4 Jun 2016 04:17:12

Support for Brexit is no longer a minority viewpoint on the British left

In recent years, Euroscepticism has frequently been associated with the right of the political spectrum in the UK, but a number of figures on the left have also voiced their support for the country leaving the EU. Imke Henkel writes that while criticism of the EU's handling of the Eurozone ...
Blog Admin / British Politics and Policy at LSE   |   Wed, 1 Jun 2016 11:00:45

A British Test of Reason

If voters in the UK decide in the country's referendum on June 23 to leave the EU, it will not be for economic reasons; indeed, it is more than apparent that Brexit would carry huge economic costs. So why does the outcome of the vote remain far from certain?
Jean Pisani-Ferry / Project Syndicate   |   Tue, 31 May 2016 17:23:30

Brexit 'an enormous economic problem'

Former Prime Minister Tony Blair says leaving the EU would create "an enormous economic problem" following any Brexit vote on 23 June.
BBC   |   Sun, 29 May 2016 12:44:49

Economists overwhelmingly reject Brexit in boost for Cameron

Poll shows 88% of 600 experts fear long-term fall in GDP if UK leaves single market, and 82% are alarmed over impact on household income Nine out of 10 of the country's top economists working across academia, the City, industry, small businesses and the public sector believe the British economy ...
Sonia Sodha, Toby Helm and Phillip Inman / Guardian   |   Sat, 28 May 2016 19:30:13

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

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

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