Brexit News Archive: 05 Aug 2016

Off The Cuff: Yes, Central Banks Are Injecting $180 Billion Per Month

In this week's Off The Cuff podcast, Chris and John Rubino discuss: $180 Billion Per Month In Global Stimulus The world is awash in free money Is Helicopter Money For The Public Coming Soon? Quite possibly Rage Against The Status Quo Is Building It explains Trump, Brexit, Le Pen, and ...
Peak Prosperity   |   Fri, 5 Aug 2016 19:28:06

Dave's New Landlord Blasted Brussels and Talked Up Brexit

David Cameron's new landlord reckons Britain will be "richer" and "more plentiful" outside the EU. Dave and the family have moved into a three-storey end-of-terrace house in Chelsea, which would usually rent for Its owner Dominic Johnson is an old friend and is letting the Camerons stay there for free. ...
Guy Fawkes' blog   |   Fri, 5 Aug 2016 14:03:53

Brexitwatch: Carney acts as recession fears grow

More than a month has passed since the historic vote to leave the European Union and some of the economic repercussion are becoming clearer. House prices ease Average UK house prices fell 1% last month, according mortgage lender Halifax. A house in the UK now costs £214,678, or £2,000 less ...
Proactive Investors   |   Fri, 5 Aug 2016 11:26:00

UK permanent staff recruitment falls at sharpest rate in seven years

The number of people placed in permanent jobs by recruitment agencies fell sharply in July amid heightened uncertainty following the Brexit vote. Placement volumes declined at the steepest rate in over seven years as employers hit the brakes on hiring activity.
Markit   |   Fri, 5 Aug 2016 11:20:24

GBP: Downward pressure likely to continue - BNZ

Jason Wong, Currency Strategist at BNZ, suggests that the market's playbook in the post-Brexit world has been to buy equities, bonds and risk currenci
Sandeep Kanihama / FX Street   |   Fri, 5 Aug 2016 11:19:48

Opening Bell: 8.5.16

Wilbur Ross expects Donald Trump to start acting normal; Goldman warns on Brexit effects; Georgia man busted after raging at wife over too cheesy grilled cheese sandwich; and more.
Dealbreaker   |   Fri, 5 Aug 2016 11:00:55

UK house prices fall 1% in July

Post-Brexit survey reveals biggest drop in 5 months
FT   |   Fri, 5 Aug 2016 10:51:09

Should you cash in final salary pension?

Transfer values are hitting record highs after Brexit vote
FT   |   Fri, 5 Aug 2016 10:39:34

Brexitwatch: How is the UK doing?

The BBC looks at the latest impact of the Brexit vote on the UK's economy, and housing and jobs markets.
BBC   |   Fri, 5 Aug 2016 10:19:33

Grafenia hit by slow July sales warnings

Printing and graphics supplies specialist Grafenia (LON:GRA) cautioned sales had been slower than expected following Brexit, sending its share price tumbling. In June, the company had warned trading conditions were challenging and today said July had been below budget and behind the same period last year. "Overall, whilst we remain ...
Proactive Investors   |   Fri, 5 Aug 2016 09:50:00

Wealth Adviser Daily Briefing: Aggresive Monetary Policy, Merrill's 'Boomerang' Broker

WSJ Wealth Adviser highlights some of the top news and analysis for wealth advisers and their clients, with pieces today on the Bank of England's attempt to counteract the shock of Brexit, how one former Merrill Lynch broker found his way back and on tips on how RIAs can stand ...
MoneyBeat   |   Fri, 5 Aug 2016 09:30:46

Trident in a time warp: party politics vs defence needs

As Britain and Europe reeled from Brexit Theresa May rushed through the vote on Trident replacement. Was this strong leadership or our human security being sacrificed to expediency? Part 1. Trident Nuclear Submarine HMS Victorious. Defence Images/Flickr. Some rights reserved. In her first parliamentary debate as Conservative leader, the new ...
Open Democracy   |   Fri, 5 Aug 2016 08:27:33

RBS deep in red as provisions keep on rising

Royal Bank of Scotland (LON:RBS) racked up another quarterly loss as hefty litigation and mis-selling provisions were accompanied by a warning of more to come. The UK taxpayer-owned bank posted a £1.08bn deficit (£280mln profit) in the three months to June and said Brexit would make it more difficult to ...
Proactive Investors   |   Fri, 5 Aug 2016 08:08:00

In the papers: Inmarsat, London Stock Exchange, Nike

The Times Bank slashes its growth forecasts as Brexit bites: The Bank of England has cut Britain's growth forecasts by the largest amount on record as the U.K. counts the cost of leaving the European Union. QE sledgehammer wins over markets: Philip Hammond has promised to do what it takes ...
Proactive Investors   |   Fri, 5 Aug 2016 07:38:00

World Policy On Air, Ep. 79: Double Trouble

Lede: Waves of anti-immigrant, anti-globalist, and anti-elitist sentiment buoyed the success of both Brexit in the U.K. and Donald Trump in the United States' Republican primary. On today's episode of World Policy On Air, British political blogger Jonathan Stubbs discusses these two campaigns and why post-Brexit Britain could find it ...
World Policy   |   Fri, 5 Aug 2016 07:32:02

RBS blames £2bn half-year loss on string of legal challenges

Loss pinned largely on PPI mis-selling compensation as Bank warns Brexit uncertainty could further knock its business Royal Bank of Scotland has slumped to a £2bn loss in the first half of 2016 after taking a hit over a string of legal issues, including payment protection insurance mis-selling. The bank, ...
Jill Treanor / Guardian   |   Fri, 5 Aug 2016 06:53:16

Five things to note on payroll day

1. The BOE kitchen sinks it. Well, Carney evidently felt obliged to make up for lost time, as the Old Lady unveiled a "comprehensive package of measures" to ward off the economic impact of the Brexit. And look, it's worked: the BOE doesn't even forecast a recession for the UK. ...
Macro Man   |   Fri, 5 Aug 2016 06:00:00

Further reading

Elsewhere on Friday, - Er... Hampton Creek ran as "undercover project to buy up its own vegan mayo "? - Will low rates kill independent central banks? - Related: Kocherlakota on infra spending, tax cuts and basic income. - Also related: If only someone had warned us, Brexit edition. Continue ...
FT Alphaville   |   Fri, 5 Aug 2016 05:17:48

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. When a T becomes bearish. Is the Brexit crisis rearing its ugly head again?
Market Clues   |   Fri, 5 Aug 2016 02:22:00

QE; the Beat Goes On

The BoE, in battling the fallout from Brexit (a decelerating economy), has dropped rates to .25%. Bond markets cheer, with US yields dropping (bonds up) and global bonds rising. From Investing.com... There is talk of QE, lower bounds and supposed policy limitations. But what it is is just one mole ...
Tim Knight   |   Thu, 4 Aug 2016 23:57:54

Is Global Stimulus Combo Punch Finally Coming?

Today, in response to the Brexit uncertainty ahead, the Bank of England cut rates and rolled out plans of a fresh round of government bond buying--and this time some corporate bonds as well. So now we have QE at work in three of the top four central banks in the ...
Bryan Rich, Contributor / Forbes   |   Thu, 4 Aug 2016 23:13:00

Brexitwatch: How is the UK doing?

The BBC looks at the latest impact of the Brexit vote on the UK's economy, and housing and jobs markets.
BBC   |   Thu, 4 Aug 2016 23:00:25

Today's Headlines

Bloomberg: For Europe's Elite the Party Lives On After Brexit. Europe's political elite may have missed the Brexit memo. Six weeks since U.K. voters rebuked the ruling class by choosing to leave the European Union, the region's establishment has reacted by carrying on as before. The revolving door of former ...
Between the Hedges   |   Thu, 4 Aug 2016 18:32:00

If Only Someone Had Warned Us

Simon Wren-Lewis: If only someone had warned us: The title is pinched from a tweet by Tony Yates, who was one of many economists who did warn of the impact of Brexit. Of course we economists need to ask ourselves...
Economist's View   |   Thu, 4 Aug 2016 18:10:12

Growth in new UK car sales slows in July

Car sales level off after a record 2015 and strong growth this year, with a rise of just 0.1% last month, new figures show Further signs that the Brexit vote is depressing consumer confidence have arrived with a brake applied to previously booming car sales. After a record 2015 and ...
Terry Macalister / Guardian   |   Thu, 4 Aug 2016 17:34:33

The end of Dutch natural gas production as we know it

Many may remember June 24, 2016 as the day David Cameron resigned from his position as British prime minister after an embarrassing defeat in the referendum on the United Kingdom's European Union membership-better known as Brexit. But there was another very consequential development for Europe that day, which (understandably) received ...
Brookings   |   Thu, 4 Aug 2016 16:17:03

LSE chief says London will keep key tasks after stock exchange merger

Xavier Rolet says £21bn deal with Deutsche Börse will not remove clearing of euro-denominated financial services from City One of the linchpins of the City - the way financial products denominated in euros are cleared - should not be under any immediate threat as a result of Brexit, the chief ...
Julia Kollewe / Guardian   |   Thu, 4 Aug 2016 16:14:01

The establishment is still winning (in the bond market)

It's been a tough year for The Establishment, what with all the disrupting and the Brexiting and the Trumping. But in the bond market, the incumbents are hanging on. Continue reading: The establishment is still winning (in the bond market)
FT Alphaville   |   Thu, 4 Aug 2016 16:13:15

Bank of England Cuts Key Rate to New Low

The Bank of England cut its benchmark interest rate to a new low and said it would buy government and corporate bonds as part of a broad package of measures to stimulate the U.K. economy in the wake of the Brexit vote.
WSJ   |   Thu, 4 Aug 2016 15:35:47

Smith Savaged on Gogglebox: "Owen Who?"

Painful viewing for fans of Owen Smith - their man has crashed and burned with the crucial Gogglebox focus group. None of the families on Channel 4's hit show had heard of him, and several gave him a kicking over his attempts to block Brexit. 42 year-old hairdresser Stephen Webb's ...
Guy Fawkes' blog   |   Thu, 4 Aug 2016 15:33:51

Brexit and its potential impact on international data transfers

If the UK exits the EU and the EEA, it will have to go to considerable lengths to enable continued data transfers from the EU. Without an agreement on data transfers and data protection, business in the UK and the EU will be disrupted.
J. Scott Marcus and Georgios Petropoulos / Bruegel   |   Thu, 4 Aug 2016 15:12:59

Analysts Think the Plunge in Sterling is Only Just Beginning

Sterling has tumbled since the Brexit vote, but many analysts think it has much further to go.
Mike Bird / MoneyBeat   |   Thu, 4 Aug 2016 15:12:02

Stocks flat after Bank of England cuts rates

The Bank of England rolled out fresh stimulus measures to offset the economic hit in the UK caused by the Brexit vote.
USA Today   |   Thu, 4 Aug 2016 15:11:34

OANDA MP - BoE Delivers its Own Bazooka (Video)

Senior Market Analyst Craig Erlam reflects on Super Thursday and the raft of Brexit buffering stimulus measures, dour economic forecasts and market movements.
Craig Erlam / OANDA   |   Thu, 4 Aug 2016 15:04:18

RSA profits jump as sterling's Brexit slide boosts foreign earnings

Tim Wallace / Telegraph   |   Thu, 4 Aug 2016 14:54:57

Brexit: A Positive Look At A Potential Next Exit

Brexit: A Positive Look At A Potential Next Exit by Matthew Van Der Weide, FactSet Vice President, Portfolio and Quantitative Analytics - FactSet It's been a little over a month since the people of the UK voted to leave the [...]
FactSet / Value Walk   |   Thu, 4 Aug 2016 14:39:08

Bank of England announces new stimulus package to avert recession

The Bank of England has announced aggressive action to shore up the economy and avert a slide into recession. The action is designed to illustrate that the Bank is willing and able to act quickly in response to the economic shock created by the surprise 'Brexit' vote, and is accompanied ...
Markit   |   Thu, 4 Aug 2016 14:35:11

UK central bank launches stimulus to soften Brexit shock

LONDON (AP) - Britain's central bank moved to stem the economic fallout from the vote to leave the European union, approving its first interest rate cut Thursday since the global financial crisis as part of a broader stimulus package.
Associated Press   |   Thu, 4 Aug 2016 14:03:33

How The Brexit Paid Off For One Safety-Seeking Fund Manager

Michael Cuggino's $3B Permanent Portfolio Fund can be a boring laggard in bull markets, but when stocks got rocked in late June its holdings in gold and Swiss francs helped it soar.
Steve Schaefer, Forbes Staff / Forbes   |   Thu, 4 Aug 2016 14:00:00

Brexit vote welcomed in Russia but saddens British, according to poll

Ashley Kirk / Telegraph   |   Thu, 4 Aug 2016 13:59:47

Lousy Experts: Looking Back at the Ex Ante Estimates of the Costs of Brexit

An economist contends that economists do not bear much responsibility for the Brexit vote.
Yves Smith / Naked Capitalism   |   Thu, 4 Aug 2016 13:55:44

UPDATE 4-Bank of England brings down stimulus sledgehammer to beat Brexit blues

*Bank to buy 60 billion pounds of government debt. LONDON, Aug 4- The Bank of England swung into action on Thursday against the economic shock from Britain's vote to leave the European Union, cutting interest rates to near nothing and unleashing billions of pounds to cushion the Brexit blow. "By ...
CNBC   |   Thu, 4 Aug 2016 13:50:00

Dow gains after Bank of England cuts rates

Wall Street got a boost from the Bank of England, which rolled out a package of fresh stimulus measures to offset the economic hit in the UK caused by the Brexit vote.
USA Today   |   Thu, 4 Aug 2016 13:37:37

Carney's bold move and private confidence

The bank's injection of post-Brexit economic vim could dissipate quickly, writes Martin Sandbu
FT   |   Thu, 4 Aug 2016 13:33:32

Why the Bank of England had to act - in six charts

At the press conference, Bank governor Mark Carney said unemployment was likely to rise by 250,000 so it is right to take action now The Bank of England has announced a big package of measures designed to ward off an economic slump in the aftermath of the Brexit vote. It ...
Julia Kollewe / Guardian   |   Thu, 4 Aug 2016 13:19:17

Brexit latest

The BBC looks at the latest impact of the Brexit vote on the UK's economy, and housing and jobs markets.
BBC   |   Thu, 4 Aug 2016 13:12:17

UK central bank launches stimulus to counter Brexit jitters

LONDON (AP) - The Bank of England has unveiled a series of stimulus measures, including its first interest rate cut since the global financial crisis, as it tries to jumpstart an economy shocked by Britain's vote to leave the European Union.
Associated Press   |   Thu, 4 Aug 2016 12:23:18

Bank of England cuts interest rates to 0.25% and expands QE

UK interest rates have been cut for the first time in seven years as part of a wide package of Bank of England measures to shore up the economy in the wake of the Brexit vote.
Here Is The City   |   Thu, 4 Aug 2016 12:17:17

FOREX-Sterling dives as Bank of England launches easing

LONDON, Aug 4- Sterling saw its biggest falls since the aftermath of June's Brexit vote on Thursday, while other major currencies most closely correlated with global growth rose after the Bank of England launched a series of steps to support the UK economy. Dutch bank ING called the package of ...
CNBC   |   Thu, 4 Aug 2016 12:16:00

Goldman Sachs says Brexit could adversely affect operations

Bank said in a regulatory filing that the likely change in regulations could require restructuring
Sruthi Shankar and Ankur Banerjee / Globe and Mail   |   Thu, 4 Aug 2016 12:12:45

U.K. central bank unveils stimulus to counter Brexit jitters

The Bank of England has unveiled a series of stimulus measures, including its first interest rate cut since the global financial crisis, as it tries to jump-start an economy shocked by Britain's vote to leave the European Union. The central bank cut its key rate to 0.25% from a previous ...
Associated Press / Money & Company   |   Thu, 4 Aug 2016 12:10:00

BOE responds to Brexit

CNBC's Steve Liesman looks into the details of the Bank of England's rate cut decision and new policy measures.
Steve Liesman   |   Thu, 4 Aug 2016 12:02:00

UPDATE 2-Euro zone bond yields fall after Britain restarts monetary easing

LONDON, Aug 4- Euro zone bond yields fell sharply on Thursday, hauled down by a dive in British yields to record lows after the Bank of England cut interest rates and restarted its bond purchase programme to ease the economic blow from Brexit. Market expectations have risen that the ECB ...
CNBC   |   Thu, 4 Aug 2016 12:01:00

ECB: See you in September - BNPP

Research Team at BNP Paribas, suggests that the ECB is maintaining the monetary status quo and the central bank esteems that the Brexit victory increa
Sandeep Kanihama / FX Street   |   Thu, 4 Aug 2016 11:59:24

Sterling knocks London off top spot

Sterling's slump since the Brexit vote means London is no longer the world's most expensive city for companies to locate staff, says Savills.
CNBC   |   Thu, 4 Aug 2016 11:57:00

Bank of England cuts rates to offset Brexit hit

The BoE cut its key bank rate for the first time since 2009, and announced further stimulus measures to offset the economic fallout from Brexit.
USA Today   |   Thu, 4 Aug 2016 11:51:40

Bank of England Cuts Key Interest Rate to New Low

The Bank of England cut its benchmark interest rate to a new low and said it would buy government and corporate bonds as part of a broad package of measures to stimulate the U.K. economy in the wake of the Brexit vote.
WSJ   |   Thu, 4 Aug 2016 11:50:32

The BoE and those companies materially contributing to the UK

Mark Carney is still giving more details of today's policy actions (press conference here). But for now, if you're a company considering leaving Britain because of Brexit, perhaps take a good hard look at this from the August 2016 inflation report: Continue reading: The BoE and those companies materially contributing ...
Izabella Kaminska / FT Alphaville   |   Thu, 4 Aug 2016 11:50:28

This is the Bank of England's all-action response to Brexit

More QE, an interest rate cut and new lending shows the Bank knows the risks of doing nothing are too great given the worsening economic forecasts Faced with the shock to the economy of the Brexit vote, the Bank of England had a choice. It could sit tight and hope ...
Larry Elliott Economics editor / Guardian   |   Thu, 4 Aug 2016 11:46:38

Brexit rescue: UK interest rates slashed

The Bank of England cut interest rates for the first time in 7 years and unveils more stimulus measures in a bid to limit an economic slump caused by the Brexit vote.
CNN   |   Thu, 4 Aug 2016 11:45:12

Bank of England Cuts Interest Rate to Historic Low, Citing Economic Pressures

The central bank’s Monetary Policy Committee lowered its benchmark interest rate to 0.25 percent, the lowest level in the bank’s 322-year history.
CHAD BRAY / NY Times   |   Thu, 4 Aug 2016 11:45:06

Bank of England cuts interest rate to record low

LONDON - The Bank of England on Thursday cut interest rates to a record low 0.25% in a broad stimulus package, citing the weaker economic outlook after the shock Brexit vote.
Bangkok Post   |   Thu, 4 Aug 2016 11:45:00

BOE's Carney speaks after rate cut

Bank of England Governor Mark Carney answers questions about the effects of Brexit, at a press conference following the central bank's decision to cut rates for the first time since 2009.
CNBC   |   Thu, 4 Aug 2016 11:44:00

BoE's Carney: UK's adjustment to Brexit vote may prove difficult

LONDON, Aug 4 (Reuters) - Bank of England Governor Mark Carney said on Thursday that Britain's vote to leave the European Union marked a "regime change" for the economy and that adjusting to this new...
Reuters   |   Thu, 4 Aug 2016 11:42:26

If only someone had warned us

The title is pinched from a tweet by Tony Yates, who was one of manyeconomists who did warn of the impact of Brexit. Of course we economists need to ask ourselves if and why our message was ignored, but that is no reason to stop us feeling angry that it ...
Mainly Macro   |   Thu, 4 Aug 2016 11:35:00

Brexit rescue: Interest rates slashed

The Bank of England cut interest rates for the first time in 7 years and unveils more stimulus measures in a bid to limit an economic slump caused by the Brexit vote.
CNN   |   Thu, 4 Aug 2016 11:29:09

Brexit rescue: Bank of England slashes interest rates

The Bank of England cut interest rates for the first time in 7 years and unveils more stimulus measures in a bid to limit an economic slump caused by the Brexit vote.
CNN   |   Thu, 4 Aug 2016 11:23:34

UK central bank unveils stimulus to counter Brexit jitters

LONDON (AP) - The Bank of England has cut its key interest rate for the first time since the global financial crisis and offered other stimulus measures as it tries to jumpstart an economy shocked by Britain's vote to leave the European Union.
Associated Press   |   Thu, 4 Aug 2016 11:23:28

Brexit rescue: Bank slashes interest rates

CNN   |   Thu, 4 Aug 2016 11:23:18

Bank of England Rubbish Osborne's Brexit Fibs

George Osborne's claim that voting to Leave would cause a year-long recession has been demolished by the Bank of England. Osborne's Treasury forecast of the two years following a Leave vote predicted GDP at between -3% and -6%. Today's Bank of England numbers forecast GDP unchanged at 2% for 2016, ...
WikiGuido / Guy Fawkes' blog   |   Thu, 4 Aug 2016 11:21:17

Bank of England cuts rate to lowest in history, boosts stimulus in face of Brexit threat

The Bank of England cut its key rate for the first time in more than seven years and will restart the printing presses as it ramps up defences against a Brexit-induced slump
Scott Hamilton, Bloomberg News / Financial Post   |   Thu, 4 Aug 2016 11:19:00

Right to use monetary policy to support economy through Brexit -Hammond

LONDON, Aug 4- It is right to use monetary policy to support the economy as Britain leaves the European Union, finance minister Philip Hammond said on Thursday after the Bank of England cut interest rates for the first time since 2009.. The central bank lowered its main lending rate to ...
CNBC   |   Thu, 4 Aug 2016 11:18:00

How Brexit will affect schemes' VAT claims

HMRC has been wrangling with a recent EU judgement saying DB schemes could reclaim VAT. With Brexit on the horizon, James Phillips explores whether the attempt is futile
James Phillips / Professional Pensions   |   Thu, 4 Aug 2016 11:15:00

Bank of England cuts rates to 0.25%, sees Brexit biting UK economy

The U.K. central bank cut rates for the first time in over seven years, slashed growth forecasts and launched a new monetary policy weapon.
CNBC   |   Thu, 4 Aug 2016 11:13:00

Bank of England Unveils Stimulus Measures to Help Economy

The Bank of England has cut its key interest rate for the first time since the global financial crisis, to a new record low of 0.25 percent.
U.S. News   |   Thu, 4 Aug 2016 11:05:32

Bank of England cuts UK interest rates to 0.25%

Interest rates have been cut to a fresh record low from 0.5% UK interest rates have been cut for the first time in seven years as part of a wide package of Bank of England measures to shore up the economy in the wake of the Brexit vote. Related: Bank ...
Katie Allen / Guardian   |   Thu, 4 Aug 2016 11:05:19

Bank of England Cuts Rate to Historic Low, Citing Economic Pressures After Vote

The central bank’s Monetary Policy Committee lowered its benchmark interest rate to 0.25 percent, the lowest level in the bank’s 322-year history.
CHAD BRAY / NY Times   |   Thu, 4 Aug 2016 11:05:18

Britons, it's your patriotic duty in the age of Brexit to hit the town and drink like you've never drunk before

Charlie Peters / Telegraph   |   Thu, 4 Aug 2016 11:04:59

The Bank of England cuts rates

The Bank of England on Thursday cut interest rates for the first time since 2009, taking the Bank's base rate from 0.5% to 0.25% - lower than at any other point in UK history. The rate cut was widely expected following the Brexit vote on June 23. Several recent forecasts, ...
Will Martin / Business Insider   |   Thu, 4 Aug 2016 11:00:31

Wales and the Brexit vote: a case of turkeys voting for Christmas?

Wales voted leave by a margin of 52.5 per cent. It is an interesting case study of how people voted against their own material self interest, to increase their precarity, and to become even poorer than they already are, writes Daniel Evans. Before the referendum, he also predicted that that ...
Blog Admin / British Politics and Policy at LSE   |   Thu, 4 Aug 2016 11:00:28

Goldman Sachs says Brexit could adversely affect operations

(Reuters) - Goldman Sachs Group Inc said on Thursday that Britain's vote to leave the European Union may adversely affect some of its operations in the EU and could require the bank to restructure some of its businesses. Goldman said in a U.S. regulatory filing that Brexit would also likely ...
Business Insider   |   Thu, 4 Aug 2016 10:43:19

UK government needs to implement productivity plan: BoE

What can the U.K. government do to mitigate and cushion the shock of Brexit? Bank of England governor Mark Carney weighs in.
CNBC   |   Thu, 4 Aug 2016 10:43:00

BoE's Carney Has Two Choices

Investors are jaded with central bank decisions, yet in a matter of three-weeks the Bank of England (BoE) this morning readdresses the fallout of the historic Brexit decision. Recent U.K data has been dismal - reports point to slumping growth this quarter. In July, BoE official's surprised investors by keeping ...
Dean Popplewell / OANDA   |   Thu, 4 Aug 2016 10:25:00

What Brexit can teach America

'The electorate is losing its fear of leaping into the unknown. Nobody can assume that Trump will lose "just" because he presents a risk'
Gillian Tett   |   Thu, 4 Aug 2016 10:12:18

UK central bank to help economy through Brexit with stimulus

LONDON- The Bank of England is expected to cut its key interest rate closer to zero on Thursday and possibly inject billions in new money into the financial system as it tries to shore up an economy weighed down by the uncertainty over the vote to leave the European Union. ...
CNBC   |   Thu, 4 Aug 2016 09:33:00

BoE to ease policy but can't address Brexit uncertainty - MUFG

Lee Hardman, Currency Analyst at MUFG, suggests that after stalling for time last month, the Bank of England is set to announce further monetary easin
Sandeep Kanihama / FX Street   |   Thu, 4 Aug 2016 09:14:01

Let young people move: why any post-Brexit migration deal must safeguard youth mobility

Restrictions on free movement are likely to be an important aspect of the UK's new relationship with EU countries post-Brexit. Richard Bronk argues that safeguarding youth mobility should be a major principle behind any immigration reforms. He explores the economic, political and social case for preserving it, before suggesting some ...
Blog Admin / British Politics and Policy at LSE   |   Tue, 2 Aug 2016 09:00:30

Post-Brexit, London's Financial Center Has English Law on Its Side

ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesPost-Brexit, London's Financial Center Has English Law on Its Side In its battle to keep financial institutions in London, Britain has an overlooked ally: English law.Post-Brexit, City of London Has English Law on Its Side In its ...
WSJ   |   Fri, 29 Jul 2016 03:16:25

What to watch for at the ECB meeting

Draghi set to wrestle with Brexit economic fallout, QE headaches and problems with Italian banks
FT   |   Thu, 21 Jul 2016 04:32:10

IMF cuts UK growth forecasts following Brexit vote

Predictions revised down from April as IMF says EU referendum result has 'thrown a spanner in the works' of global recovery The International Monetary Fund has slashed its forecast for UK growth next year after warning that the decision to leave the EU had damaged the British economy's short-term prospects ...
Larry Elliott Economics editor / Guardian   |   Tue, 19 Jul 2016 23:10:15

Brexit News Archive: 05 Aug 2016     |     enquire