Brexit News Archive: 26 Sep 2016

Draghi urges EU to talk tough on Brexit

Britain should have no access to single market unless it accepts freedom of movement, says ECB chief
FT   |   Mon, 26 Sep 2016 18:14:25

GBP/USD: Brexit back in play ahead of US Q2 GDP - Scotiabank

Analysts at Scotiabank explained that this week's domestic risks are limited ahead of Friday's final Q2 GDP release, and sentiment is set to remain ...
Ross J Burland / FX Street   |   Mon, 26 Sep 2016 17:20:54

EUR/GBP: bears take back control despite Brexit w/e press

EUR/GBP is offered from highs of 0.8716 to lows of 0.8646 so far. EUR/GBP has turned since the opening bid in Europe as the pound remained under pres
Ross J Burland / FX Street   |   Mon, 26 Sep 2016 17:10:28

ECB: eurozone resilient despite Brexit vote

European Central Bank head Mario Draghi says the eurozone economy is coping well with global uncertainty, including Britain's vote to leave the EU.
euronews   |   Mon, 26 Sep 2016 16:09:01

76% of UK CEOs would consider leaving UK after Brexit: KPMG

CNBC's Seema Mody reports on all the market moving events in Europe today, including Deutsche Bank sliding to record low on capital worries and how Moody's downgrades Turkey to junk status.
CNBC   |   Mon, 26 Sep 2016 15:28:00

Euro zone economy 'resilient' despite Brexit vote: Draghi

ECB central bank chief says euro zone has been coping well with global uncertainty following Britain's vote to leave the EU
Globe and Mail   |   Mon, 26 Sep 2016 14:49:54

Europeans want 'tangible benefits' from EU institutions: ECB's Draghi

The European Union must show that it benefits people's lives, ECB President Mario Draghi said, with the bloc in limbo after the U.K.'s Brexit vote.
CNBC   |   Mon, 26 Sep 2016 14:46:00

Brexit is an ultra-delicate manoeuvre that needs a measured approach | Mohamed El-Erian

The May government will need to show a level of resilience and agility far beyond what has been required of its predecessors The aftermath of the UK's unexpected vote in June to leave the EU is being monitored closely. People all over the world - and particularly in Europe - ...
Mohamed El-Erian / Guardian   |   Mon, 26 Sep 2016 14:28:08

Brexit exodus? Companies consider relocating

Two new surveys show business leaders are deeply concerned about how Brexit will affect their organizations, and so they're considering relocation plans.
CNN   |   Mon, 26 Sep 2016 14:14:50

UK Minister Says Britain Will Suffer Economic Shock With No Trade Deal

Britain will suffer an "economic shock" if the European Union refuses to sign a free trade deal after Brexit, a Government minister has admitted for the first time. Lord Price, a minister in the International Trade department and the former managing director of Waitrose, admitted that the Government must "ensure" ...
OANDA   |   Mon, 26 Sep 2016 13:57:20

Brexodus? Most U.K. CEOs consider relocating

Two new surveys show business leaders are deeply concerned about how Brexit will affect their organizations, and so they're considering relocation plans.
CNN   |   Mon, 26 Sep 2016 13:52:26

Brexit exodus? Most big companies have thought about relocating

Two new surveys show business leaders are deeply concerned about how Brexit will affect their organizations, and so they're considering relocation plans.
CNN   |   Mon, 26 Sep 2016 13:37:59

What does a hard Brexit or a soft Brexit actually mean?

As discussion over what happens next following the UK's vote to leave the EU intensifies, people have increasingly used the terms 'hard Brexit' or 'soft Brexit'. However, these terms are rarely defined and can mean different things to different people. Open Europe's Raoul Ruparel lays out his attempt at defining ...
Open Europe   |   Mon, 26 Sep 2016 13:35:39

Will Deutsche Bank's Collapse Be Worse Than Lehman Brothers?

Few analysts noted it, but the $USD actually staged its second strongest day of the year the Friday before last. The only other day in which the $USD rallied more was on the day of BREXIT, a black swan event that featured EXTREME currency volatility. This move tells us something ...
Gains Pains & Capital   |   Mon, 26 Sep 2016 13:04:06

Stock markets drop ahead of US presidental debate - business live

All the day's economic and financial news, as the City braces for the first presidential debate between Hillary Clinton and Donald Trump (at 9pm New York/2am BST) FTSE 100 falls 1% Latest: Deutsche Bank denies needing fresh capital Introduction: City frets about Trump, oil and Brexit 1.16pm BST It's been ...
Graeme Wearden / Guardian   |   Mon, 26 Sep 2016 12:20:05

Brexit doesn't mean Britain can wash its hands of Calais migrants, warns Hollande

Henry Samuel / Telegraph   |   Mon, 26 Sep 2016 12:05:31

British CEOs Consider Relocation After Brexit, KPMG Survey Shows

Three-quarters of British chief executives say they are considering, or likely to consider, moving their headquarters or some of their operations outside the U.K. following the country's vote to leave the European Union, according to a survey by accounting firm KPMG.
WSJ   |   Mon, 26 Sep 2016 11:55:08

FTSE 100 slides and pound weakens

London's stock market falls more than 1% in a widespread sell-off, while the pound flirts with its lowest level against the euro since the Brexit vote.
BBC   |   Mon, 26 Sep 2016 11:49:08

The pound fell back to near Brexit lows (USD, DXY, JPY, NZD, NOK)

The British pound has tumbled back to near Brexit lows. The currency is down 0.2% at 1.2933 against the dollar as of 7:33 a.m. ET - not that far off of the post-Brexit low of 1.2798. Separately, a new KPMG survey found that just over three-quarters of the 100 CEOs ...
Elena Holodny / Business Insider   |   Mon, 26 Sep 2016 11:46:00

Brexit threatens Britain's reputation as an agenda-setter for foreign aid

Soft power, getting softer? DFID - UK Department for International CC BY The world is facing a host of complex challenges, from climate change to migration to the spread of infectious diseases. No nation acting alone can hope to solve them. Britain has been serious about tackling these problems, but ...
Balazs Szent-Ivanyi, Lecturer in Politics and International Relations and Deputy Director Aston Centre for Europe, Aston University / The Conversation   |   Mon, 26 Sep 2016 11:45:19

Oil, gas and mining stocks outshine housebuilders after 'Brexit' - broker

Oil & gas and mining stocks have spurted since 'Brexit', but housing stocks have crumbled, according to a report by broker Peel Hunt. Chariot Oil & Gas Limited (LON:CHAR), President Energy PLC (LON:PPC) and Shanta Gold Limited (LON:SHG) were the three top shares respectively in the broker's 40 best-performing stocks ...
Proactive Investors   |   Mon, 26 Sep 2016 11:35:00

Europe bank head calls markets 'resilient' after Brexit vote

FRANKFURT, Germany (AP) - The president of the European Central Bank says both markets and the economy have been in the wake of Britain's vote to leave the European Union.
Associated Press   |   Mon, 26 Sep 2016 11:22:00

UK to gain from Brexit says German chief

Axel Springer chief executive breaks with German consensus, saying a free-market UK will prosper
FT   |   Mon, 26 Sep 2016 10:41:11

Iris Dorbian wrote a new post, PE HUB First Read, on the site PE Hub

Three-quarters of CEOs in Britain said they would consider moving their companies out of the U.K. because of Brexit. Snapchat has rebranded as Snap Inc. It's also going to sell Spectacles that record 10- [...]
peHUB   |   Mon, 26 Sep 2016 10:34:24

Majority of U.K. CEOs considering moving operations abroad post-Brexit: survey

Seventy-six per cent said they were considering moving either their headquarters or their operations outside Britain
Globe and Mail   |   Mon, 26 Sep 2016 10:25:48

UPDATE 1-UK mortgage approvals hit 19-month low, more weakness seen

LONDON, Sept 26- Britain's housing market showed signs of slowing in August with the number of mortgages approved by banks falling to its lowest level since January 2015 and analysts said they expected further weakness ahead as Brexit uncertainty dampens demand next year. The figures extended a slowdown which began ...
CNBC   |   Mon, 26 Sep 2016 10:08:00

UK CEOs consider pulling up stakes because of Brexit

Business leaders in Britain are reacting with unease in the months following Britain's decision to leave the European Union
U.S. News   |   Mon, 26 Sep 2016 09:43:33

FTSE falls ahead of US debate and Opec, while downgrade hits InterContinental

Hotels group drops on concerns about outlook for US business Leading shares are falling back on a cocktail of concerns. Investors are nervous ahead of the debate later between US presidential candidates Hillary Clinton and Donald Trump, as well as uncertain over the state of play of Brexit. On top ...
Nick Fletcher / Guardian   |   Mon, 26 Sep 2016 09:05:55

Poll: UK CEOs considering moving after Brexit

LONDON - The UK's vote to leave the European Union has left more than three-quarters of chief executive officers saying they would consider moving their headquarters or operations outside Britain, according to a survey of 100 business leaders by the accountancy firm KPMG.
Bangkok Post   |   Mon, 26 Sep 2016 08:38:00

BREXIT FALLOUT: 76% of UK CEOs said they would consider moving operations abroad

Around three-quarters of chief executive officers said they would consider moving operations from the UK to Europe in the wake of Brexit. According to a survey of 100 CEOs from accountancy firm KPMG, 76% are considering relocation, while 72% said they voted to Remain in the European Union in the ...
Business Insider   |   Mon, 26 Sep 2016 08:11:53

London Stock Exchange boss warns 100,000 jobs at risk

A warning about the impact of the Brexit vote on financial services jobs has been issued by the head of the London Stock Exchange.
Here Is The City   |   Mon, 26 Sep 2016 08:03:16

Three-quarters of UK bosses mulling leaving UK amid 'Brexit' - survey

A majority of British company bosses are looking at quitting the UK following the June vote to leave the EU, a survey out on Monday showed. Some 76% of 100 chief executives surveyed said they were considering moving either headquarters or operations outside Britain following the 'Brexit' vote. KPMG said ...
Proactive Investors   |   Mon, 26 Sep 2016 07:35:00

FT Opening Quote: City fears for a "hard" Brexit

City fears for a "hard" Brexit, Aldi to revamp stores, investment boost at MonarchFT Opening Quote, with commentary by City Editor Jonathan Guthrie , is your early Square Mile briefing. You can sign up for the full newsletter here. Continue reading: FT Opening Quote: City fears for a "hard" Brexit
FT Alphaville   |   Mon, 26 Sep 2016 07:04:42

Britain will suffer 'economic shock' if there is no free trade deal with the EU after Brexit, minister suggests

Peter Dominiczak / Telegraph   |   Mon, 26 Sep 2016 06:19:33

Paper review: Brexit row, Labour 'truce' and 'Canada Kate'

Splits at the top of government and fears in the City of London - both over Brexit - make headlines, along with the latest from William, Kate and their "cuties" on tour.
BBC   |   Mon, 26 Sep 2016 06:06:04

Is "hard Brexit" becoming more or less likely?

You can argue it either way. On one hand, the forward march of the UK economy, and the inability to develop a coherent negotiating position, militate in favor of a relatively quick and condition-less Brexit. The European Union is not offering any very flexible intermediate deals, perhaps to punish future ...
Marginal Revolution   |   Mon, 26 Sep 2016 04:49:16

Consumer banking faces Brexit hit

Leaving EU throws up challenges for retail financial services
FT   |   Mon, 26 Sep 2016 04:30:38

Renminbi use surges in London in spite of Brexit

File Photo/Xinhua London's offshore yuan activities continue to surge despite Brexit uncertainties ...
People's Daily   |   Mon, 26 Sep 2016 02:55:59