Brexit News Archive: 13 Aug 2016

Some trainers are so cool the last thing you'd do is actually wear them

Canny 'sneakerheads' can now make a good living from online trading in top sportswear brands With Brexit jolting the financial markets and interest rates at a new historic low, you might be tempted to just keep your spare cash in a shoe box. But if you know your Adidas Gazelles ...
Zoe Wood / Guardian   |   Sat, 13 Aug 2016 15:00:10

The 16 countries with the biggest piles of gold

Gold is in the midst of something of a renaissance. With uncertainty about the future direction of the global economy, fears about what Britain's Brexit vote means for Europe, and serious geopolitical troubles worldwide, the asset that has been used as a haven for thousands of years is back in ...
Business Insider   |   Sat, 13 Aug 2016 09:16:00

Savers, it could be time to take a punt on the stock market

One analyst says it's the only game in town, post-Brexit vote and Bank of England interest rate cut Savings rates are collapsing and alternatives such as peer-to-peer lending will be regarded by many as too risky. So is it time for small investors to start buying shares in big-name companies, ...
Miles Brignall / Guardian   |   Sat, 13 Aug 2016 06:00:18

Employers at legal risk after Brexit

Companies seek advice after pro-Leave staff complain of referendum-linked ostracism
FT   |   Fri, 12 Aug 2016 15:41:55

How stupid is Britain? This chart of household savings shows just how unprepared we are for the self-inflicted Brexit recession

How stupid are British voters? A majority of Brits voted in favour of leaving the European Union despite being warned that it would be economically damaging. The vote was carried in large part by the segments of the population likely to suffer most in a recession. Here is a demographic ...
Jim Edwards / Business Insider   |   Fri, 12 Aug 2016 15:30:56

Brookfield's U.K. assets could see boost from Brexit

Brookfield's U.K. portfolio, like Center Parcs U.K. Group Ltd., a short-stay family resort, may actually stand to benefit from the fallout of the vote
Scott Deveau, Bloomberg News / Financial Post   |   Fri, 12 Aug 2016 14:53:39

Impact Of Brexit On Private Equity

Impact Of Brexit On Private Equity by Preqin Fund Manager Outlook Jeanne Kroeger examines the results from Preqin's June 2016 survey of 187 private equity fund managers to find out their views on the latest industry developments and the challenges [...]
VW Staff / Value Walk   |   Fri, 12 Aug 2016 14:53:15

Eurozone growth slows, France and Italy falter

Eurozone second quarter growth slowed sharply, official data confirmed on Aug. 12, weighed down by Brexit concerns and a poor performance in struggling France and Italy
Hurriyet   |   Fri, 12 Aug 2016 14:19:00

Brexit faces new legal challenge

A new legal challenge to Brexit has been launched in Northern Ireland. The move could potentially stop or slow the U.K.'s plans to leave the European Union.
CNN   |   Fri, 12 Aug 2016 14:15:10

New legal challenge to Brexit from Northern Ireland

A new legal challenge to Brexit has been launched in Northern Ireland. The move could potentially stop or slow the U.K.'s plans to leave the European Union.
CNN   |   Fri, 12 Aug 2016 14:13:57

Recession is already here for a crucial part of the British economy - and it is only going to get worse

Recession is a word that has been thrown about an awful lot in the UK in the aftermath of the country's vote to leave the European Union. Several recent forecasts, including those from Credit Suisse and Barclays, suggest that Britain is plunging toward recession, and soft economic releases like PMIs ...
Will Martin / Business Insider   |   Fri, 12 Aug 2016 14:12:57

ThyssenKrupp posts Q3 profit beat, says Brexit will not affect Tata talks

Seeking Alpha / Seeking Alpha   |   Fri, 12 Aug 2016 14:12:26

Brexit a boon for UK and Europe

The Leave vote is a vote for future opportunity.
Austrailian   |   Fri, 12 Aug 2016 14:00:00

UK construction sector slips into recession for first time in four years

Figures from the Office for National Statistics show the industry was struggling even before the Brexit vote The UK's construction industry has slipped back into recession for the first time in four years, according to official figures that show the sector was struggling even before the vote to leave the ...
Katie Allen / Guardian   |   Fri, 12 Aug 2016 13:09:01

Airbnb says people are flocking to London

The UK may have voted to leave the European Union, but Mayor Sadiq Khan of London is doing everything he can to ensure that London remains a global city. According to Airbnb, his efforts are working. After the so-called Brexit vote on June 23, Khan launched a global campaign to ...
Money Game   |   Fri, 12 Aug 2016 12:41:00

Euro-area slowdown puts onus on Germany as Brexit risks gather

Germany kept its place as the pillar of the euro-area economy in the second quarter, offsetting stagnation in Italy and supporting momentum before Brexit
Piotr Skolimowski, Bloomberg News / Financial Post   |   Fri, 12 Aug 2016 12:33:45

What is the Early Impact of Brexit?

It's been over a month since the U.K. voted to leave the European Union, and the Bank of England hasn't wasted any time trying to stimulate the economy. But just what has the impact of the Brexit vote been so far? Here's a run through of some of the recent ...
Giles Turner / MoneyBeat   |   Fri, 12 Aug 2016 12:25:14

No Vacation from History

My annual vacation in the Frisian Caribbean usually falls into what the German media call the Sommerloch ("summer hole"): nothing to report. Not so this year. Between Brexit, the rise of populist parties, Nice, Munich, Italy's collapsing banks, negative interest ... The post No Vacation from History appeared first on ...
Online Library of Law and Liberty   |   Fri, 12 Aug 2016 12:00:56

Consumer Spending Growth Softens In U.K. Post-Brexit: Barclays

The latest Barclaycard data reveals that consumer spending growth softened post-Brexit, with the Underlying Spending Growth Index dropping sharply in July to 5.3%, the lowest level since January 2014. Dennis Jose and colleagues at Barclays point out in their August [...]
Mani / Value Walk   |   Fri, 12 Aug 2016 12:00:30

HSBC: GBP Needs To Fall Further With a current Account Deficit Comparable To Some Small EM Economies

The primary loser from Brexit is sterling, and it doesn't look as if the currency is set to recover its losses anytime soon. With a current account deficit comparable to the size of some small emerging market economies, a political [...]
Rupert Hargreaves / Value Walk   |   Fri, 12 Aug 2016 11:37:03

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, 12 Aug 2016 10:40:11

Brexitwatch- Consumers feel the pinch and a bumpy road ahead

The long bumpy road ahead and the potential potholes the UK economy face post Brexit were underlined further this week. Britain has yet to pull the trigger on Article 50 to begin leaving the EU but rumbles of the consequences are already being felt. Cost to UK of leaving the ...
Proactive Investors   |   Fri, 12 Aug 2016 10:02:00

Trade wars ahead for US: Economist

Willem Buiter, Citigroup chief economist says both Hillary Clinton and Donald Trump's trade proposals are not good for trade and are dangerous to global economies. Also Buiter shares his thoughts on further Brexit in the EU, and central banks inserting "helicopter money" in the economy.
CNBC   |   Fri, 12 Aug 2016 09:52:00

Eurozone growth slows as Italy, France falter

BRUSSELS - Eurozone second quarter growth slowed sharply, official data confirmed Friday, weighed down by Brexit concerns and a poor performance in struggling France and Italy.
Bangkok Post   |   Fri, 12 Aug 2016 09:45:00

Honohan on Ireland and Brexit

Vox EU carry an interview with Patrick here. You should be able to listen to it by clicking the bar below.
Stephen Kinsella / Irish Economy   |   Fri, 12 Aug 2016 09:01:57

Investors should beware over-exposure to UK stocks, says deVere Group

UK-based investors should avoid over-exposure to their home market amid 'Brexit' turmoil, financial adviser deVere Group says. They should be wary of the relatively high valuation of UK stocks and the weakening economy despite the FTSE 100 hitting its highest level in more than 13 months on Tuesday, deVere's 's ...
Proactive Investors   |   Fri, 12 Aug 2016 08:57:00

Even after Brexit, Airbnb says 'London is more popular and diverse than ever'

The UK may have voted to leave the EU, but London mayor Sadiq Khan is doing everything he can to make sure that London remains a global city, and according to Airbnb, his efforts are working. In the wake of the Brexit vote on June 23, Khan launched a global ...
Tina Wadhwa / Business Insider   |   Fri, 12 Aug 2016 08:18:00

Eurozone: GDP growth expected at 1.5% this year and just 1.0% in 2017 - RBS

Research Team at RBS, suggests that the Eurozone economies appear to have weathered the Brexit storm pretty well so far and certainly better than they
Sandeep Kanihama / FX Street   |   Fri, 12 Aug 2016 07:55:04

The German economy is on a tear - shrugs off Brexit like it never happened

Germany's economy is on a tear, beating expectations in the second quarter of 2016, according to the latest economic data released by Destatis, Germany's statistical agency. The figures from the country show that GDP grew by 0.4% in the second quarter of 2016, double the 0.2% that had been widely ...
Will Martin / Business Insider   |   Fri, 12 Aug 2016 07:48:00

Dutch GDP grew 2.3 pct y/y in Q2, Brexit impact not felt yet

AMSTERDAM, Aug 12 (Reuters) - Dutch GDP grew 2.3 percent in the second quarter from the same period in 2015, Statistics Netherlands said on Friday, on a mix of rising investment, consumption and...
Reuters   |   Fri, 12 Aug 2016 07:34:27

Stocks Providing Wealth Across The Board. Amazon, Google, IBM And Walmart All Set Year Highs

Stocks made all-time highs on Thursday with shorts caught off-guard, again. Since Brexit, the market is up well in excess of 7%. Given that the risk-free return is practically nothing; those who have sought excess returns through investments in equities are quite pleased. Amazon (AMZN), Google (GOOGL), IBM and Walmart ...
Fred Oltarsh, Contributor / Forbes   |   Fri, 12 Aug 2016 04:00:00

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

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: 13 Aug 2016     |     enquire