Brexit News Archive: 18 Jun 2016

Cramer: Stocks to avoid like the plague

Jim Cramer advised which stocks should be left alone with the upcoming Brexit vote.
CNBC   |   Fri, 17 Jun 2016 23:09:00

The Times declares for Remain camp

Murdoch newspaper's metropolitan readership largely in favour of EU, unlike Brexit-backing Sun
FT   |   Fri, 17 Jun 2016 22:50:08

Stocks Slump Most In 4 Months As Global Financial Stress Nears 5-Year Highs

With everyone worried about Brexit, we thought the folowing might help clarify (Please Note - Very Not Suitable For Work)... ok it didn't help at all but we've been wanting an excuse to play that for a while. Global Financial Stress Index spikes up most since Aug 2011... As Brexit ...
Zero Hedge   |   Fri, 17 Jun 2016 20:02:15

Hard day's night: bankers braced for referendum decision

Recent efforts to improve the work-life balance of bankers will be thrown out the window next Thursday, when hundreds of London staff pull all-nighters or arrive at dawn to handle trading around the Brexit vote.
IFR   |   Fri, 17 Jun 2016 20:00:00

SP 500 and NDX Futures Daily Charts - Fragility

Britain was not a member of the governance of continental European for many, many years. Why is their membership in this body such an overwhelmingly important consideration now? The issue is not Brexit itself so much, but the fragility of the system which is so threatened by it. And at ...
Jesse's Café Américain   |   Fri, 17 Jun 2016 19:56:00

A Common Central Bank Tool: Fearmongering

Submitted by Tho Bishop via The Mises Institute, This week the Bank of England announced that it would follow the lead of the Federal Reserve and maintain interest rates at .5%. The bank didn't stop there however, warning voters that next week's Brexit referendum posed "the largest immediate risk facing ...
Zero Hedge   |   Fri, 17 Jun 2016 19:25:00

Gundlach on Fed, Trump

Jeff Gundlach discussed his views on Donald Trump, Brexit, the Fed and his favorite investment ideas with CNBC.
CNBC   |   Fri, 17 Jun 2016 19:17:00

Treasury Bond ETFs: Best Start to Year Since 2003

Treasury bonds exchange traded funds have surged this year, with Treasuries enjoying their best start to a year since 2003, as global economic weakness and increased uncertainty, such as the upcoming "Brexit" vote, bolstered demand for safe-havens. Among the best performing Treasury bond ETFs so far this year, he iShares ...
ETF Trends   |   Fri, 17 Jun 2016 18:36:19

VIX Volume Explodes As "Markets Struggle To Believe Anything"

Amid turmoil in Chinese FX markets (which has not ended well in the past), the need to hedge against the looming Brexit vote, and rapidly fading confidence in the ability of The Fed, BoJ, ECB to save the world; it appears what was an ignorantly complacent market has suddenly shrugged ...
Zero Hedge   |   Fri, 17 Jun 2016 17:30:39

UK stock market rebounds from four-month low

With EU referendum campaigning suspended and Brexit fears somewhat abated, investors end week in calmer mood The UK stock market ended a choppy week on a stronger note, rebounding from a four-month low as traders nervously shuffled their positions in the final days before the EU referendum. Risk aversion continued ...
Katie Allen and Nick Fletcher / Guardian   |   Fri, 17 Jun 2016 17:26:14

Brussels bleg

I'll be there next week, in fact just in time for the Brexit vote. Above and beyond the obvious guidebook sights, what do you all recommend that I do? And where should I eat? Here is a good Ian Buruma survey of where Brussels the city is at right now. ...
Marginal Revolution   |   Fri, 17 Jun 2016 17:05:44

Guard Against the Brexit Crisis Now?

Back in May of 1916, the British participated in what is arguably one of the most self-serving, globally damaging geopolitical jiggerings of the last century when British diplomat Mark Sykes partnered with his French counterpart, François Georges-Picot, to partition the [...]
Value Walk   |   Fri, 17 Jun 2016 16:53:44

Spread drops 7 pts to 149

Rome, June 17 - The spread between Italian and German 10-year bonds, a gauge of Italy's borrowing costs and investor confidence, closed seven points down on 149 as Brexit fears abated Friday. The yield was 1.5o%.
Gazzetta Del Sud   |   Fri, 17 Jun 2016 16:11:00

Buy when volatility is high: Trader

Volatility surged this week over a potential Brexit, but according to one trader, investors would be wise to buy stocks.
CNBC   |   Fri, 17 Jun 2016 15:56:00

Stay or Go: Why Financial Markets Are Calm and Carrying On Regarding

Markets tend to be very efficient, except when they’re not. And those are the times that can be brutal for investors.
DealBook   |   Fri, 17 Jun 2016 15:50:23

Milan bourse closes 3.49% up

Milan, June 17 - The Milan bourse closed 3.49% up Friday with the FTSE-MIB rising to 16,923 points as banking stocks rallied after Brexit fears subsided a little. Banking stocks stood out, and especially Banco Popolare (+12.88%), UBI Banca (+9,96%), Bper (+9.93%), BPM (+9.82%) and UniCredit (+9.44%)
Gazzetta Del Sud   |   Fri, 17 Jun 2016 15:45:00

TAKE A LOOK-Five world markets themes in the coming week

LONDON, June 17- Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/ BREXIT: ALL AROUND THE WORLD. It's not just Britain or Europe on a knife-edge.
CNBC   |   Fri, 17 Jun 2016 15:24:00

Gold shines yet again

Gold gained more than 1% as it surged once more towards the US$1,300 mark. After gold's initial jump yesterday, when it went as high as US$1,315, the price receded following the murder of MP Jo Cox and the subsequent suspension of EU referendum campaigning. The Brexit vote has played a ...
Proactive Investors   |   Fri, 17 Jun 2016 15:03:00

For the Pound, This May Be as Uncertain as It Gets Before the Brexit Referendum

Has market uncertainty already hit its peak one week ahead of the U.K. referendum on European Union membership? It's a hard call, but options on the British pound suggest it's possible. Sterling's one-month implied volatility has eased in the last three days after jumping by about 63% last month and ...
Jon Sindreu / MoneyBeat   |   Fri, 17 Jun 2016 14:57:11

Gold ETF Downside Limited Even if Brexit is Defeated

The Brexit vote determining Great Britain's status as a member of the European Union, slated for June 23, has been widely cited in recent days as the reason investors are displaying preferences for safer assets such as gold. Applying that logic, it would seem gold exchange traded funds such as ...
Tom Lydon / ETF Trends   |   Fri, 17 Jun 2016 14:54:52

Brexit Boosts Gold This Week But Metal's Uptrend Not Just About U.K.

People tend to buy gold when they fear economic or financial crisis ahead. That makes it an urgent decision for U.K. savers right now.Money managers and retail investors have sent bullion demand higher across all Western markets to date in 2016, but the risk of a Brexit shock to the ...
Adrian Ash, Contributor / Forbes   |   Fri, 17 Jun 2016 14:52:00

With MP Jo Cox's Murder, Britain's Campaign to Leave the EU Turns Toxic

Maria Margaronis The demons of xenophobia, resentment, and rage unleashed by Brexit informed the killer's act.
Maria Margaronis / The Nation   |   Fri, 17 Jun 2016 14:41:58

The Brexit Vote Will Be Rigged - Some Fear

The Brexit Vote Will Be Rigged by Jeff Nielson, Sprott Money How important is the upcoming "Brexit" vote in the UK? In a recent commentary , it was noted that the current leader in French polling to become France's next [...]
Sprott Money / Value Walk   |   Fri, 17 Jun 2016 14:32:19

'Minimal effect' on FCA from Brexit says Marchionne

Venice, June 17 - A Brexit would have a "minimal industrial impact on FCA," CEO Sergio Marchionne said Friday. he said that for Europe the "risk is enormous, not to be Marchionne said "the real question is what will remain of Europe if Brexit wins".
Gazzetta Del Sud   |   Fri, 17 Jun 2016 14:30:00

Banks warn of difficult trading conditions around Brexit vote

(Reuters) - Dutch bank ING and France's Societe Generale have written to clients to warn them of difficult trading conditions in financial markets and large gaps in pricing of assets when Britain votes next week on European Union membership.
IFR   |   Fri, 17 Jun 2016 14:26:00

TREASURIES-U.S. yields rise for first time in 9 sessions as Brexit fears subside

*Death of MP Jo Cox cuts' Brexit' odds among investors. NEW YORK, June 17- U.S. benchmark Treasury yields were on track for their first gain in nearly two weeks on Friday as investors repriced the odds of Britain exiting the European Union a day after U.K. politicians halted campaigning on ...
CNBC   |   Fri, 17 Jun 2016 14:21:00

If I Were President, On The Day After Vote for Brexit...

admin / Coyote Blog   |   Fri, 17 Jun 2016 14:19:31

Brexit Trade: Leveraged Bet That Pound Plummets

Brexit Trade: Leveraged Bet That Pound Plummets If the U.K. currency takes a dive, options investors could double their money in a couple of weeks.Brexit Trade: Leveraged Bet That Pound PlummetsBy Steven M. Sears If the U.K. currency takes a dive, options investors could double their money in a couple ...
Barrons   |   Fri, 17 Jun 2016 14:18:35

Brexit's Impact on U.S. Financial Markets

What Does Brexit Mean for U.S. Markets? Though the White House and Jamie Dimon are against Brexit, there may be some advantages for the Impact on U.S. Financial MarketsBy John Kimelman Though the White House and Jamie Dimon are against Brexit, there may be some advantages for the U.S.
Barrons   |   Fri, 17 Jun 2016 14:16:14

BREXIT risk makes gold "definitely the place to be", says Commerzbank

Gold soared above US$1,300 this week to its highest for almost two years after the latest meeting of the US Federal Reserve and as the impending BREXIT vote looms. The gold price slipped back in the following days, but Daniel Briesemann, analyst at Commerzbank, tells Proactive Investors "risks are still ...
Proactive Investors   |   Fri, 17 Jun 2016 14:08:00

Brexit crusade takes deadly turn

With Britain already bitterly ­divided by Brexit, a violent faultline emerged with the gunning down of Labour MP Jo Cox.
Austrailian   |   Fri, 17 Jun 2016 14:00:00

What will happen to Britain's finances if it leaves the EU? Campaigners for both the UK leaving and remaining in the EU have made claims regarding how a Brexit will affect the country's finances. For the Remain campaign, George Osborne, Chancellor of the Exchequer, warned that an emergency budget will be necessary, which will involve large cuts to public spending ...
John Fender, Professor of Macroeconomics, University of Birmingham / The Conversation   |   Fri, 17 Jun 2016 13:54:12

Germany's Schaeuble says well prepared to respond to Brexit anxiety

LUXEMBOURG, June 17 (Reuters) - German Finance Minister Wolfgang Schaeuble said on Friday that Europe was trying to prepare for any possible outcome of Britain's referendum on whether to stay in the...
Reuters   |   Fri, 17 Jun 2016 13:51:05

Brexit Could Lead To More QE For The UK

The UK could be the next largest developed economy to embark on further aggressive monetary easing; that's according to a Global Macro Strategy research note published by UBS earlier this week. According to the Swiss bank, there are signs that [...]
Rupert Hargreaves / Value Walk   |   Fri, 17 Jun 2016 13:46:52

Stocks open lower as Brexit overhang persists

Stocks on Wall Street are still in wait-and-see mode ahead of next week's "Brexit" vote in the U.K.
USA Today   |   Fri, 17 Jun 2016 13:42:32

17/6/16: Forget Brexit. Think EUrisis

Swedish research institute, Timbro, published their report covering the rise of political populism in Europe. And it makes for a sobering reading.Quoting from the report:"Never before have populist parties had as strong support throughout Europe as they do today. On average a fifth of all European voters now vote for ...
Constantin Gurdgiev   |   Fri, 17 Jun 2016 13:08:00

Gold, Brexit, and uncertainty all round

Markets hate uncertainty, as the famous cliché has it. Gold doesn't though - gold loves uncertainty, or at least gold bulls do. And there's quite a bit of it about at the moment. There's the uncertainty around the Fed's desire to raise rates - stymied recently by poor numbers in ...
Ron Capshaw / Proactive Investors   |   Fri, 17 Jun 2016 12:54:00

Will The VIX Be The Best US Method To Play Brexit Mean Reversion?

Saddled in between a U.S. Federal Reserve that recently indicated in Wednesday's FOMC meeting rate hikes might be put off, leading some to point to weakness and confusion, and a June 23rd Brexit vote that has shockingly left one lawmaker [...]
Mark Melin / Value Walk   |   Fri, 17 Jun 2016 12:50:43

Britons and Europeans

A Brexit would be terrible for the economy, and would damage the dynamic of the whole EU
El País / EL PAÍS   |   Fri, 17 Jun 2016 12:26:15

Friday Morning Links

MUST READS Negative interest rates are scaring people - CNN/Money The World Economy Looks a Bit Like It's the 1930s - Bloomberg Are negative rates a "calamitous misadventure"? ECB economists say no - Brookings Brexit Campaign Suspended after Parliament Member Killed - Voice of America Shooting death of British politician ...
Tim Iacono   |   Fri, 17 Jun 2016 12:21:49

Everything you ever wanted to know about the Brexit but were afraid to ask

The fierce campaigning over whether the UK should leave the European Union - the "Brexit" - is on hold while Britain mourns MP Jo Cox , fatally shot and stabbed by a 52-year-old man who reportedly has longstanding ties to U.S. white supremacist group the National Alliance. But on June ...
The Week   |   Fri, 17 Jun 2016 12:14:31

PRECIOUS-Gold set for third week of gains, helped by Brexit speculation

LONDON, June 17- Gold rose on Friday, supported following a cautious note from the Federal Reserve on interest rates and uncertainty ahead of Britain's vote on European Union membership. The metal, often seen as an insurance in times of financial and economic uncertainty, peaked at $1,315.55 on Thursday, its strongest ...
CNBC   |   Fri, 17 Jun 2016 12:07:00

Should I Stay or Should I Go? Making Sense of Brexit

Note: This article appears on the Strategist Channel By Chris Konstantinos "Darlin', you got to let me know/ Should I stay or should I go?" - The Clash, a celebrated British punk band Britons are awaiting June 23 with baited breath - and it's not because that date marks ...
Chris Kostantinos, Riverfront Investment Group / ETF Trends   |   Fri, 17 Jun 2016 12:00:20

To Brexit or not to Brexit

( Scott Johnson ) To Brexit or not to Brexit, that is the question addressed by Douglas Murray in "Exit Britain?" (National Review) and by Christopher Caldwell in "See you, EU?" (Weekly Standard). What is Brexit? Brexit is shorthand for the question whether Britain should leave the European Union, the ...
Scott Johnson / Power Line   |   Fri, 17 Jun 2016 11:53:33

Leave: 'I don't think Brexit would mean tariffs'

Despite Robert Pouget's French heritage and his European business, he wants the UK to vote to leave the European Union.
BBC   |   Fri, 17 Jun 2016 11:51:19

Frontrunning: June 17

Sell-off abates as Brexit opinion seen shifting (Reuters) IMF chief Lagarde says economic risks bigger if Britain leaves EU (Reuters) U.S. State Department Officials Call for Strikes Against Syria's Assad (WSJ) St. Louis Fed's Bullard says U.S. may only need single rate hike for now (Reuters) A Life of Violent ...
Zero Hedge   |   Fri, 17 Jun 2016 11:45:10

Another Brexit Headache: Margin Calls And Contract Uncertainty

With the U.K. set to vote next week on whether to remain in the European Union, some lawyers said they have taken flurries of calls from financial institutions asking about the ramifications of any "Brexit" decision on their trading contracts.
Katy Burne / MoneyBeat   |   Fri, 17 Jun 2016 11:43:39

Futures lower amid growth worries, Brexit uncertainty

By Yashaswini Swamynathan (Reuters) - U.S. stock index futures were lower on Friday, weighed by global growth worries and uncertainties around Britain's future in the European Union. Global stocks have been under duress as repercussions of Britain's possible exit from the European Union and the U.S. Federal Reserve's warning about ...
Business Insider   |   Fri, 17 Jun 2016 11:42:01

Brexit Negativity Takes A Time Out

Seeking Alpha   |   Fri, 17 Jun 2016 11:39:09

Brexit or not, global yields are set to stay low for now - Danske Bank

Chief Analyst, Arne Lohmann Rasmussen at Danske Bank, suggests that any significant rise in global rates and yields over the next three to six months
Sandeep Kanihama / FX Street   |   Fri, 17 Jun 2016 11:36:27

Celebrate Brexit By Turning Up The Heat, Gorging On Chocolate

Sure, the global economy would be in panic, but you can trade chocolate like a mofo.
Jon Shazar / Dealbreaker   |   Fri, 17 Jun 2016 11:30:54

1992 May Offer Guide to Results of British 'Leave' Vote

As markets ponder the possible reactions to a Brexit vote on Thursday, Britain's "Black Wednesday" ejection from the European Exchange Rate Mechanism in 1992 might provide some clues.
Georgi Kantchev / MoneyBeat   |   Fri, 17 Jun 2016 11:28:21

Brexit Campaigning Suspended For Second Day, Referendum Vote "In Limbo"

Following the tragic murder of Jo Cox, an advocate for voting to stay in next week's referendum, campaigning over whether the U.K. should quit the European Union was suspended for a second day on Friday. Events planned by the two main campaign groups were canceled, while publication of opinion polls ...
Tyler Durden / Zero Hedge   |   Fri, 17 Jun 2016 11:25:57

Brexit May Offer Clues to U.S. Election Outcome

There are four significant similarities between the U.S. presidential debate and the debate over whether Britain should exit the European Union.
Gerald F. Seib / WSJ Washington Wire   |   Fri, 17 Jun 2016 11:17:51

What A 'Brexit' Could Mean For The Economy

This is In Real Terms, a column analyzing the week in economic news. Comments? Criticisms? Ideas for future columns? Email me, or drop a note in the comments. Imagine that the states of the Northeastern U.S. - New York and New Jersey, plus New England - don't like the outcome ...
Ben Casselman / FiveThirtyEight   |   Fri, 17 Jun 2016 11:00:10

Global Stocks Rebound As Brexit Odds Decline Following Tragic Death Of UK Lawmaker

Traders are still stunned by the dramatic move in risk assets during yesterday's US session. As a reminder, at the lows for the day in the mid-morning Eastern Time, we saw the DAX at -1.81%, FTSE -1.13%, S&P500 -1.03%, US 10y yield 1.516% (lowest since August 2012) and GBPUSD 1.401. ...
Tyler Durden / Zero Hedge   |   Fri, 17 Jun 2016 10:51:48

Brexit campaign poster denounced as xenophobic

Nigel Farage's poster shows non-white migrants on borders of European Union.
USA Today   |   Fri, 17 Jun 2016 10:43:17

Brexit's Impact on the World Economy

The febrile behavior of financial markets ahead of the UK's "Brexit" referendum on June 23 shows that the outcome will influence economic and political conditions around the world far more profoundly than Britain's share of global GDP might suggest. In fact, for three reasons, a Brexit vote could catalyze another ...
Anatole Kaletsky / Project Syndicate   |   Fri, 17 Jun 2016 10:23:29

Why Brexit Isn't Game Over for These European Banks

The U.K. referendum is spooking investors across financial services, but some southern European banks are insulated from the blow.
WSJ   |   Fri, 17 Jun 2016 10:22:35

Brexit Negativity Takes A Time Out

Friday June 17: Five things the markets are talking about Two themes have dominated proceedings in capital markets this week, first the flight to safety hitting global markets has been particularly acute in Europe, as polls suggesting growing levels of support for Brexit, ahead of the U.K's June 23 referendum ...
Dean Popplewell / OANDA   |   Fri, 17 Jun 2016 10:13:27

Global shares rally as Brexit fears ebb

Seeking Alpha / Seeking Alpha   |   Fri, 17 Jun 2016 10:00:11

CEE MARKETS-Assets rebound as Brexit fears ease, swings seen returning

* Assets rebound, zloty volatility signals further jitters * CEE central banks not signalled measures to protect markets * Croatian markets under further pressure as PM ousted By Sandor...
Reuters   |   Fri, 17 Jun 2016 09:51:11

What would a Brexit mean for the UK economy?

In six days, Britain will hold a national referendum on whether to leave the European Union. The "Brexit" vote on June 23 looks to be a neck-and-neck decision, with the pro-Brexit forces holding a slight edge. Needless to say, the prospect of a British exit from the EU has roiled ...
The Week   |   Fri, 17 Jun 2016 09:47:02

Ex-Greek FinMin Varoufakis: Brexit won't restore the sovereignty the British people need

The Irish Times quoting comments from Former Greek finance minister Varoufakis on Brexit issue this Friday. Key Quotes: The European Union is like T
Dhwani Mehta / FX Street   |   Fri, 17 Jun 2016 09:44:36

Brexit: what does France think?

Not that anyone in Britain cares what the French think. As a matter of fact, even the French themselves don't care that much. They have other 'cats to whip' as they say around here: social unrest, terrorist murders, drunk hooligans. There have been surprisingly little surveys in this normally poll-obsessed ...
EU-Asia Institute / Ideas on Europe   |   Fri, 17 Jun 2016 09:40:51

Brexit already put the brakes on real estate?

Even for a sector accustomed to sensationalist headlines, U.K. property has sparked its fair share of scrutiny in the run-up to the Brexit vot
CNBC   |   Fri, 17 Jun 2016 09:35:00

GLOBAL MARKETS-Sell-off abates as Brexit opinion seen shifting

LONDON, June 17 (Reuters) - Shares, oil and bond yields rose on Friday after a tumultuous week and as campaigning for Britain's EU membership vote next week was suspended after the killing of a...
Reuters   |   Fri, 17 Jun 2016 09:29:12

Russia isn't worried about a Brexit: Finance Minister

Financial markets and sterling might be rattled by the forthcoming referendum on European Union (EU) membership, but Russia doesn't mind either way.
CNBC   |   Fri, 17 Jun 2016 09:21:00

Killing of MP Jo Cox halts Brexit campaigning in UK

Campaigning for June 23 referendum suspended after pro-EU campaigner Jo Cox, 41, is shot dead in northern England.
Al Jazeera   |   Fri, 17 Jun 2016 09:13:25

EMERGING MARKETS-Relief for emerging assets after Brexit, Fed-fuelled weakness

LONDON, June 17 (Reuters) - Emerging stocks rose on Friday but were set to end the week in the red as Brexit concerns weighed on markets while China's yuan posted its biggest weekly loss in over a...
Reuters   |   Fri, 17 Jun 2016 09:09:51

European stocks rally as Brexit fears ease

A renewed risk-on wave hit the European markets on Friday, mainly driven by increased expectations of no Brexit after Britain's campaigning for the re
Dhwani Mehta / FX Street   |   Fri, 17 Jun 2016 09:07:34

UPDATE 1-Euro zone bond sell-off abates as Brexit chances seen receding

LONDON, June 17 (Reuters) - Germany's benchmark 10-year bond yield briefly nudged back into positive territory on Friday as the murder of a British lawmaker was seen slightly reducing...
Reuters   |   Fri, 17 Jun 2016 09:03:04

Banks and housebuilders push FTSE 100 past 6000 as Brexit fears ease

Investors in calmer mood after recent volatility as campaigning suspended Banking shares are leading the way as the UK market continues its rebound from four month lows. With campaigning for the EU referendum suspended in the wake of the tragic death of MP Jo Cox, investors are in a calmer ...
Nick Fletcher / Guardian   |   Fri, 17 Jun 2016 08:56:36

Pro-Brexit bankers risk repeating past errors

The City may well suffer if Britain quits the EU, yet some financiers plan to vote Leave. Hopes the economy will flourish, as after sterling's 1992 ERM exit, look optimistic. Betting that London can gain from a euro implosion, meanwhile, may just repeat wrong calls made pre-1999.
Breakingviews   |   Fri, 17 Jun 2016 08:48:00

MACQUARIE: These are the companies that will hugely benefit from a Brexit

There are a variety of institutions and governments that have delivered doomsday scenarios for Britain in the event of a Brexit, but analysts at Macquarie point out that some companies will actually do pretty well out of it. In the event of a Brexit, it is widely acknowledged, by everyone ...
Will Martin / Business Insider   |   Fri, 17 Jun 2016 08:44:04

This Week's Brexit Briefing - At A Glance

With less than a week to go before the June 23 referendum on the U.K.'s membership of the European Union, the campaigning was suspended following the killing of a Labour lawmaker Jo Cox. Until that tragic development, the debate was notable mainly for achieving peak ridiculousness and new heights of ...
Stephen Fidler / WSJ Economics   |   Fri, 17 Jun 2016 08:40:28

Christine Lagarde refuses to comment on Brexit 'out of respect' for Jo Cox as she calls for 'reflection' on EU debate

Laura Hughes / Telegraph   |   Fri, 17 Jun 2016 08:37:53

Brexit campaigning still halted as UK mourns slain lawmaker

Campaigning in the referendum on Britain's membership in the European Union remains suspended as Britain mourns the killing of Labour Party legislator Jo Cox
U.S. News   |   Fri, 17 Jun 2016 08:29:32

Fear, Loathing and Brexit

Britons have a choice between bad and worse.
PAUL KRUGMAN / Paul Krugman   |   Fri, 17 Jun 2016 08:21:04

After Jo Cox's Killing, a Heartless but Necessary Market Assessment

Columnist James Mackintosh examines why markets nervous about the 'Brexit' vote reversed course Thursday after the killing of a British lawmaker.
WSJ   |   Fri, 17 Jun 2016 08:16:06

Brexit would be double whammy for Spain SA

A UK exit from the European Union would be a headache for Spanish companies. For one thing, it could increase risk premiums as confidence in the EU wanes. For another, Spain's biggest companies - Santander, Iberdrola and Ferrovial - have made big bets in the UK.
Breakingviews   |   Fri, 17 Jun 2016 08:16:00

Brexit: All Eyes On European Banks

Submitted by Lewis Johnson via Capital Wealth Advisors, "If you go then I'll be blue cause breaking up is hard to do." Neil Sedaka "France and Great Britain shall no longer be two nations, but one Franco-British Union. The constitution of the Union will provide for joint organs of defense, ...
Tyler Durden / Zero Hedge   |   Fri, 17 Jun 2016 08:00:00

BoE had something to add to the flux of Brexit-headlines - Rabobank

Stefan Koopman, Market Economist at Rabobank, suggests that the Bank of England surprised no one either by leaving the Bank rate at 0.50% and its asse
Sandeep Kanihama / FX Street   |   Fri, 17 Jun 2016 07:57:33

CHF: Susceptible to Brexit and a sudden deterioration in market sentiment - Rabobank

Stefan Koopman, Market Economist at Rabobank, notes that the Swiss National Bank kept the 3-month Libor target range at -0.25% to -1.25% and the inter
Sandeep Kanihama / FX Street   |   Fri, 17 Jun 2016 07:47:54

These 2 top U.S. firms thought likely to be hardest hit by BREXIT

Costs increase and capital markets activity decline.
Here Is The City   |   Fri, 17 Jun 2016 07:29:48

Brexit risks and rates favour USD near term - Danske Bank

Research Team at Danske Bank, notes that the EUR/USD reached a temporary peak on 3 May above 1.16 but has since edged lower. Key Quotes "We believe
Sandeep Kanihama / FX Street   |   Fri, 17 Jun 2016 07:29:08

$A ticks higher ahead of Brexit vote

The Australian dollar is stuck in a narrow range as nervous traders await the Brexit vote in the UK.
SMH   |   Fri, 17 Jun 2016 07:28:11

One chart shows you all the main economic forecasts for Britain in the event of a Brexit

Australian investment bank Macquarie has produced a handy chart so you can easily see all the forecasts from a range of economists, from some of the world's most important organisations, about life after a potential Brexit - a British exit from the European Union. All but one of the forecasts ...
Oscar Williams-Grut / Business Insider   |   Fri, 17 Jun 2016 07:25:21

Op-Ed Columnist: Fear, Loathing and Brexit

Britons have a choice between bad and worse.
PAUL KRUGMAN / NY Times   |   Fri, 17 Jun 2016 07:21:02

This economist thinks Brexit would not be as big of a deal as everyone thinks

Britain leaving the European Union - Brexit - will not be as big of a deal as everyone thinks, says the chief economist at research firm Capital Economics. Despite dozens of investment banks, think tanks, and political organisations predicting that Brexit will destroy the markets and hinder economic growth, Julian ...
Lianna Brinded / Business Insider   |   Fri, 17 Jun 2016 07:16:52

"Brexit and the Globalization Trilemma" by Dani Rodrik

I have not written much on Brexit because I do not have a strong or particularly well-informed view of it. My personal hope is that Britain will choose to remain in the EU - but that is as much because of a belief that without Britain the EU will likely ...
Dani Rodrik / Social Europe Journal   |   Fri, 17 Jun 2016 07:00:41

The rise of euroscepticism in the United Kingdom or the failure of Europeanism

The European Union has severely undermined perceptions of sovereignty and it will fail unless EU citizens regain their voice in the policy process. Might a fully-fledged federalist project do that? A boat forming part of a pro-Brexit makes its way along the River Thames in London on 15 June. John ...
Sophie Heine / Open Democracy   |   Fri, 17 Jun 2016 07:00:00

Shares rise as Brexit fears fall

The share market has ended the week on a positive note as easing fears about Britain exiting the European Union bolster risk sentiment.
SMH   |   Fri, 17 Jun 2016 06:42:12

Brexit and ECB in focus today - Danske Bank

Research Team at Dansk Bank, suggests that the Brexit referendum in the UK continues to be the main focus as both sides have suspended their campaigns
Sandeep Kanihama / FX Street   |   Fri, 17 Jun 2016 06:19:24

German bond yields rise as Brexit chances seen receding

LONDON, June 17 (Reuters) - Germany's benchmark 10-year bond yield rose back into positive territory on Friday as the chances of Britain leaving the EU in a vote next week were seen receding.
Reuters   |   Fri, 17 Jun 2016 06:18:52

GBP/JPY catches fresh bid, re-attempts 149 handle

The retreat in GBP/JPY stalled near 148.30, and from there the prices staged a solid recovery towards 149 handle. GBP/JPY: Focus on Brexit vote Curr
Dhwani Mehta / FX Street   |   Fri, 17 Jun 2016 06:13:23

UK: Brexit uncertainty suppresses business investment - Rabobank

Research Team at Rabobank, notes that the Office for National Statistics (ONS) confirmed that UK GDP grew by 0.4% in the first quarter of 2016. Key Q
Sandeep Kanihama / FX Street   |   Fri, 17 Jun 2016 06:10:13

Brexit campaign on hold after lawmaker shot dead

Seeking Alpha / Seeking Alpha   |   Fri, 17 Jun 2016 06:09:25

Cox: 'Perfect in every single way'

Before she was attacked and killed Thursday, Jo Cox was known for her vocal stances in the Brexit debate and other political flashpoints -- as well as her beloved persona in and out of Britain's Parliament.
CNN   |   Fri, 17 Jun 2016 06:09:03

Asia shares rebound as Brexit risk ebbs

HONG KONG/SINGAPORE - Asian stocks rebounded from a three-week low, the pound strengthened and oil snapped a six-day losing streak after the murder of a UK lawmaker prompted speculation Britons will be less inclined to vote to leave the European Union. Sovereign bonds fell as demand for haven assets ebbed.
Bangkok Post   |   Fri, 17 Jun 2016 06:02:00

If you think the UK will be in control after Brexit, dream on | Andrew Graham

It's a fantasy that the EU will trade with us on our terms. Only by remaining will we have any clout Almost everyone agrees that the EU is not working well. It is also true that on almost any scenario, whether we are in or out, this region will remain ...
Andrew Graham / Guardian   |   Fri, 17 Jun 2016 06:00:01

Pre-Brexit Bet Clarification, by Bryan Caplan

Back in 2008 , I bet: If any current EU member with a population over 10 million people in 2007 officially withdraws from the EU before January 1, 2020, I will pay you $100. Otherwise, you owe me $100. Before the June 23 Brexit referedum happens, I want to clarify ...
EconLog   |   Thu, 16 Jun 2016 04:53:28

EU referendum: Britain 'big enough and strong enough' to survive Brexit but better off staying in, says Theresa May

Laura Hughes / Telegraph   |   Wed, 15 Jun 2016 23:01:00

Brexit, the Aftermath

Source: Bloomberg The post Brexit, the Aftermath appeared first on The Big Picture.
Barry Ritholtz / The Big Picture   |   Wed, 15 Jun 2016 20:00:38

Notes on Brexit

Remain, but with feelings of despair.
Paul Krugman / Paul Krugman - Blog   |   Sun, 12 Jun 2016 17:13:38

My First Foray Into Brexit

Brexithas finally becomethe 'binary outcome' trade of the day. Many Europeans have felt that U.S. markets have been ignoring Brexit as an issue. In some ways that wastrue as the concept of Brexit wasjust a bit too amorphous and distant to command a lot of attention here, especially as we ...
Peter Tchir, Contributor / Forbes   |   Thu, 9 Jun 2016 15:00:00

European Integration With or Without Britain

When British Prime Minister David Cameron agreed with the EU in February on revised membership terms for the UK, he insisted that the EU be recognized officially as a union." The muddled way his demand was fulfilled reflects enduring confusion about how such a union can function.
Kemal Derviş / Project Syndicate   |   Thu, 9 Jun 2016 14:53:29

Paris courts bankers threatened by Brexit

French capital launches campaign to woo City financiers in case Britain votes to leaves the EU
FT   |   Wed, 8 Jun 2016 20:24:35

Brexit threatens UK's role in the world

Why would China listen to us if our sway with Europe, and hence the US, had shrunk? asks John Kerr
FT   |   Wed, 8 Jun 2016 15:07:03

U.K. Triple A rating at risk on Brexit - S&P

Seeking Alpha / Seeking Alpha   |   Wed, 8 Jun 2016 12:17:55

Know-nothing Brexit party

Evidence is such a complicated thing
FT   |   Wed, 8 Jun 2016 11:38:47

Brexit: How long would UK take to leave?

Process could be delayed by Tory leadership contest and EU negotiations
FT   |   Tue, 7 Jun 2016 22:23:59

COLUMN-Fed to move post big vote, and I don't mean Brexit: James Saft

June 7- Americans are likely to know both who their new president is and how their Thanksgiving turkey tastes before they get an interest rate increase. Fed Chair Janet Yellen fully earned her scouting badge for central banking speech-making on Monday, managing to be vague, reassuring and noncommittal in more ...
CNBC   |   Tue, 7 Jun 2016 19:00:00

Economic arguments about Brexit have succumbed to group-think

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

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

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

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