Brexit News Archive: 03 Oct 2016

Could pollsters be missing hidden Trump voters?

When Donald Trump is down in the polls, it's not Donald Trump's fault, it's the polls'. Donald Trump trails when he trails because the pollsters are missing something, just like they missed something in Brexit, which they really didn't. Donald Trump is never failing; it's the polls that are failing ...
The Fix   |   Mon, 31 Oct 2016 20:44:03

Mark Carney to stay as BoE governor until 2019

Central bank chief will help steer UK through Brexit before leaving the post
FT   |   Mon, 31 Oct 2016 20:04:51

Nissan assurances over Brexit cannot be published, says business secretary

Greg Clark says commercial sensitivity prevents him from meeting MPs' demands to 'show us the letter' The government's letter to Nissan promising to keep the car industry competitive after Brexit cannot be published because of commercial sensitivity, Greg Clark, the business secretary, has said. He was pressed three times by ...
Rowena Mason Deputy political editor / Guardian   |   Mon, 31 Oct 2016 19:43:17

UK bank chief stays put through Brexit

CNN   |   Mon, 31 Oct 2016 19:10:29

Bank of England governor staying through Brexit

Bank of England governor Mark Carney announced he will stay in the job until 2019.
CNN   |   Mon, 31 Oct 2016 18:45:50

Brexit & Beyond: Carney to Extend Term, Eurozone Growth, Wilders' Hate-Speech Trial

Brexit & Beyond: Europe in Flux is The Wall Street Journal's round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Bank of England governor Mark Carney. REUTERS/Dylan Martinez/File Photo Reuters BOE's Carney to Extend Term by One ...
WSJ Brussels   |   Mon, 31 Oct 2016 18:39:11

Brexit & Beyond: May Backs Carney, Eurozone Growth, Wilders' Hate-Speech Trial

Brexit & Beyond: Europe in Flux is The Wall Street Journal's round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Bank of England governor Mark Carney. REUTERS/Dylan Martinez/File Photo Reuters BOE's Carney to Extend Term by One ...
MoneyBeat   |   Mon, 31 Oct 2016 18:10:05

Mark Carney will stay as Bank of England governor until 2019

Bank of England Governor Mark Carney will stay in his role until 2019, the Bank of England confirmed on Monday evening, ending weeks of speculation about the governor's future with the bank. "Recognising the importance to the country of continuity during the UK's Article 50 negotiations, and notwithstanding those personal ...
Business Insider   |   Mon, 31 Oct 2016 18:08:49

Spread up to post-Brexit high of 150 (2)

Rome, October 31 - The spread between Italian and German 10-year bonds, a gauge of Italy's borrowing costs and investor confidence, closed eight points up Monday on a post-Brexit high of 150 points compared to Friday's close of 142 points. Earlier it had been as high as 154 on fears ...
Gazzetta Del Sud   |   Mon, 31 Oct 2016 17:14:00

British government backs Mark Carney amid speculation Brexit may cut short his term

The British government has offered strong support for Bank of England Governor Mark Carney amid speculation that he'll soon announce whether he'll serve his full-term as governor.
The Associated Press / CBC   |   Mon, 31 Oct 2016 17:06:27

Capital markets: Has Brexit killed CMU?

Capital markets activity in Europe is dominated by the UK, so the Brexit vote could have dealt a mortal blow to the European Commission's plans to promote it through the capital markets union initiative. To survive, CMU will have to get global.
Euromoney   |   Mon, 31 Oct 2016 17:00:00

Mark Carney is what stands between Britain and economic chaos | David Blanchflower

Brexiteers with little grasp of economics are lining up to undermine Carney. Theresa May should ignore them and do everything she can to keep him Mark Carney is unequivocally not responsible for the slowing of the UK economy or the fall in the pound. Quite the contrary, he almost single-handedly ...
David Blanchflower / Guardian   |   Mon, 31 Oct 2016 16:39:40

Eurozone growth stable as inflation gets boost

(ChinaPost.com.tw) - Economic growth in the eurozone remained low but stable in the third quarter as inflation rose to a 27-month high amid fears over Brexit and major elections in France and Germany.
The China Post   |   Mon, 31 Oct 2016 16:08:00

Reality Check: Brexit questions answered

The BBC's Europe correspondent Kevin Connolly and assistant political editor Norman Smith, answer your questions about Brexit.
BBC   |   Mon, 31 Oct 2016 15:44:01

Brexit Will Liberate Brits, Says Top U.K. Investor

Martin Hughes of Toscafund thinks leaving Europe behind will benefit the U.K. and its small businesses.
Barrons   |   Mon, 31 Oct 2016 15:43:08

World's biggest ad firm reports "Brexit anxiety"

Read full story for latest details.
CNN   |   Mon, 31 Oct 2016 14:15:08

Students Are Getting Spooked As Brexit Fears Hit University Applications

It's Halloween and it's students who are taking fright as new figures show a sharp drop in applications to U.K. universities.
Nick Morrison, Contributor / Forbes   |   Mon, 31 Oct 2016 14:10:00

Startling Lack Of Brexit Preparations Amongst UK Firms

Companies are not yet preparing for the UK leaving the EU despite indications that there will be quite a lot of work required to get ready.
Freddie Dawson, Contributor / Forbes   |   Mon, 31 Oct 2016 12:56:00

UPDATE 1-U.S. Treasury's Lew urges UK and EU to ensure smooth Brexit

LONDON, Oct 31 (Reuters) - U.S. Treasury Secretary Jack Lew said Britain and the European Union need to ensure their economies remain "highly integrated" when Britain leaves the bloc, after he met...
Reuters   |   Mon, 31 Oct 2016 12:14:37

Theresa May backs Carney as Bank of England governor

Prime minister 'clear in her support' as she rejects criticism from Brexiters
FT   |   Mon, 31 Oct 2016 11:59:59

U.S. Treasury's Lew urges UK and EU to ensure smooth Brexit

LONDON, Oct 31 (Reuters) - U.S. Treasury Secretary Jack Lew said Britain and the European Union need to ensure their economies remain "highly integrated" when Britain leaves the bloc after he met...
Reuters   |   Mon, 31 Oct 2016 11:28:04

Honda to stay in UK 'for now'

British government seeks deal to shield car manufacturers from Brexit fallout
FT   |   Mon, 31 Oct 2016 10:59:36

Let Mark Carney do his job - why this is not the time to replace the Governor of the Bank of England

With Brexit and a period of increasing economic uncertainty upon us, this is not the time to replace the Governor of the Bank of England. Indeed, it is Mark Carney himself who should seek certain reassurances from the government before he confirms his Governorship for another five years, writes Costas ...
British Politics and Policy at LSE   |   Mon, 31 Oct 2016 10:56:13

'Brexit anxiety' hits advertising

The world's biggest advertising firm said "Brexit anxiety" might be starting to affect its U.K. operations.
CNN   |   Mon, 31 Oct 2016 10:55:34

Independence is a 'greater threat' to Scotland's economy than Brexit

Scottish independence poses a greater threat to Scotland's booming financial services sector than Brexit, according to a report from the University of Strathclyde. Jeremy Peat, former chief economist at RBS, and Owen Kelly, head of industry group Scottish Financial Enterprise, warned that the caused by independence "look even greater" than ...
Business Insider   |   Mon, 31 Oct 2016 10:33:13

Brexit uncertainty dragging back revenues at WPP, warns Sir Martin Sorrell

Advertising giant's CEO says post-referendum gloom is growing among consumers and government has a lot more to do to calm business nerves Sir Martin Sorrell has warned that slowing revenue growth at his advertising company WPP appears to be early signs of business nerves over Brexit. WPP, the world's biggest ...
Sean Farrell / Guardian   |   Mon, 31 Oct 2016 10:09:26

Nearly a third of UK profit warnings in Q3 blame Brexit, says EY

Nearly a third of the 68 British companies that issued profit warnings in the third quarter have blamed Brexit, according to EY.
CNBC   |   Mon, 31 Oct 2016 10:06:00

Foreign investors snapped up gilts in September

Move came even as talk of hard Brexit pushed sterling to 31-year low
FT   |   Mon, 31 Oct 2016 10:05:49

Reports Suggest Carney to Serve Full Term

Bank of England Governor Mark Carney is leaning towards deciding to serve a full eight-year term, despite critics calling for him not to extend his time in charge of the British central bank, according to news reports. Carney, who has come under fire from supporters of Brexit for his stance ...
OANDA   |   Mon, 31 Oct 2016 09:43:54

WPP third quarter sales boosted by weak sterling

World's biggest advertising group warns of impact of 'Brexit uncertainties' in the UK
FT   |   Mon, 31 Oct 2016 09:20:22

Ad firm WPP warns of 'Brexit anxiety'

Ad giant WPP says slowing revenue growth in the UK may indicate "the first signs of Brexit anxiety".
BBC   |   Mon, 31 Oct 2016 07:56:21

Mark Carney ​may end speculation about future ​this week

Mark Carney could announce a decision about his future as governor of the Bank of England as soon as Thursday, amid a barrage of criticism from Eurosceptic MPs about his approach to Brexit. It is understood that the governor is considering making an announcement on Thursday at a press conference ...
Here Is The City   |   Mon, 31 Oct 2016 07:27:26

Shadow business minister: 'the problem is we're short of firms that grow'

Bill Esterson discusses Brexit fallout, the proposed small business commissioner role and his attempts to build regional support for entrepreneurs It goes without saying that the shadow minister for business, energy and industrial strategy is concerned about the ramifications of Brexit, which he says are affecting SMEs already. "Small businesses ...
Emma Sheppard / Guardian   |   Mon, 31 Oct 2016 07:00:11

UK businesses record sharp drop in capital finance

Uncertainty caused by Brexit vote hits IPOs and bond sales
FT   |   Mon, 31 Oct 2016 05:32:41

Tyrie attacks secrecy over Brexit negotiations

Influential Tory MP warns of leaks and calls for parliamentary involvement as cabinet rift widens
FT   |   Mon, 31 Oct 2016 05:31:54

Mark Carney ​may end speculation about future ​this week

Financial Times reports that the Bank of England governor wants to serve his full eight-year term despite criticism of his handling of Brexit by Tory MPs Mark Carney could announce a decision about his future as governor of the Bank of England as soon as Thursday, amid a barrage of ...
Rowena Mason and Sean Farrell / Guardian   |   Mon, 31 Oct 2016 03:53:12

BOE Preview: Bank to signal a potential rate cut in Feb - Rabobank

Analysts at Rabobank published its preview on the BOE interest rates decision due later this week, noting that Brexit-related headwinds to the UK econ
Dhwani Mehta / FX Street   |   Mon, 31 Oct 2016 03:13:12

Why the Colombian People Rejected a Flawed 'Peace' Plan

Much as when Britons rebuffed the pleadings of international busybodies with their votes for Brexit, the Colombian people defied international expectations by voting to reject a "peace" plan with a narco-guerrilla conspiracy that has ravaged their country for five decades. The margin of victory was slim -- less than a ...
National Review   |   Mon, 3 Oct 2016 22:25:48

Wall Street pressured on Deutsche Bank and Brexit concerns

Wall Street closed lower today on yet further concerns escalating up again over Brexit and Deutsche Bank liquidity concerns. The Dow Jones Industrial
Ross J Burland / FX Street   |   Mon, 3 Oct 2016 20:53:40

Why referendums backfire

Governments often call referendums as a way out of a political dilemma. But as Colombian President Juan Manuel Santos just found out, referendums don't always produce the expected result and the ramifications can be momentous.
CNN   |   Mon, 3 Oct 2016 19:30:35

Britain on path to Brexit, but don't bet on it just yet

Don't be surprised in March if, instead of triggering Article 50, Theresa May calls a snap election asking for a mandate to be released from her Brexit obligation
DAVID WELCH / Globe and Mail   |   Mon, 3 Oct 2016 19:13:16

UK: Seems we are heading toward a "hard Brexit" - Danske

According to analysts from Danske Bank, the pound could weaken in the currency market as markets begin to price in political uncertainty. Key Quotes
Matías Salord / FX Street   |   Mon, 3 Oct 2016 18:14:07

Philip Hammond pledges economic pragmatism during Brexit process

Chancellor tempers predecessor's position on austerity in conference speech and lays ground for new spending pledges on infrastructure in autumn statement Philip Hammond has cast himself as the champion of Britain's economy in the Brexit talks, as the pound plunged to a three-year low against the euro after the prime ...
Katie Allen and Peter Walker / Guardian   |   Mon, 3 Oct 2016 18:13:25

Onus on Colombia No camp for better deal

As with the UK's Brexit vote, polls failed to capture the popular mood
FT   |   Mon, 3 Oct 2016 17:26:28

Bloomberg TV - Dollar Supercycle And Brexit

Seeking Alpha   |   Mon, 3 Oct 2016 17:11:15

Hammond is leading Britain into another lost decade | Aditya Chakrabortty

The chancellor has binned George Osborne's debt targets, which in any case he would have missed, replacing them with hard Brexit and soft austerity Picture the scene. A Labour chancellor has just admitted that Britons will soon get poorer - much poorer. That he has binned his predecessor's plans for ...
Aditya Chakrabortty / Guardian   |   Mon, 3 Oct 2016 17:07:56

Cool Video: Bloomberg TV--Dollar Supercycle and Brexit

I was on Bloomberg TV earlier today with Tom Keene, the one of a kind anchor, and Booth Business School Professor Luigi Zingales. There are two clips here and here. In the first clip, we look at the Federal Reserve's broad trade weighted index of the dollar. It rose 0.65% ...
Marc to Market   |   Mon, 3 Oct 2016 16:56:59

Hammond warns of Brexit 'turbulence'

Pound falls near 30-year lows as chancellor signals he is willing to borrow to boost economy
FT   |   Mon, 3 Oct 2016 16:46:38

Brexit 'rollercoaster' warning as Hammond axes deficit target

The chancellor says he is ready to boost spending and axe plans to balance the books by 2020 to help guard against Brexit
BBC   |   Mon, 3 Oct 2016 16:46:27

UK factories post fastest growth in two years, as US manufacturing rebounds - as it happened

British manufacturers report that output, new orders and employment all grew in September US manufacturing rebounds in September - ISM survey UK manufacturing smashes forecasts Analysts: Weak pound helps exporters Greek budget unveiled amid pensioner protests Earlier: London stock market hits new 2016 high! Pound close to 31-year low vs ...
until 12.45 / Guardian   |   Mon, 3 Oct 2016 16:45:20

Gold is down after Britain unveils Brexit deadline

Gold is lower in response to Britain's decision to set a March deadline to start Brexit proceedings.
CNBC   |   Mon, 3 Oct 2016 16:37:00

Pound falls as Theresa May indicates Brexit date

Sterling falls to its lowest level against the dollar since the beginning of July after Theresa May outlines the timetable for starting Brexit negotiations.
BBC   |   Mon, 3 Oct 2016 16:35:37

GBP/USD: pressured on Brexit and sentiment is dominant - Scotiabank

Analysts at Scotiabank explained that GBP is underperforming and testing fresh multi-month lows at levels only briefly observed in early July with pre
Ross J Burland / FX Street   |   Mon, 3 Oct 2016 16:19:48

FT column: Theresa May walks into a Brexit trap

By Gideon Rachman Theresa May has one great advantage as a politician. She looks serious and responsible. But appearances can be deceptive. If you examine how the UK prime minister is handling Brexit, a different sort of politician emerges.Read more
FT The World   |   Mon, 3 Oct 2016 16:18:13

Sterling hits three-year low against the euro over Brexit worries

British pound drops sharply after Theresa May announces UK will trigger EU exit in March, suggesting immigration not single market is the priority The pound has sunk to a three-year low against the euro on worries over the UK's prospects outside the EU, after the government set a timetable for ...
Katie Allen / Guardian   |   Mon, 3 Oct 2016 16:01:13

UK expects years of turbulence during Brexit talks

LONDON (AP) - Britain's Treasury chief has warned of turbulence in coming years as the country negotiates its exit from the European Union, while the pound fell on indications the government may give up on continued access to the EU's common market.
Associated Press   |   Mon, 3 Oct 2016 15:58:53

Brexit start date sends pound to 31-year low

Fears of a 'hard' exit follow rhetoric at Conservative party conference
FT   |   Mon, 3 Oct 2016 15:42:41

Philip Hammond to spend his way out of Brexit fallout

Chancellor ditches austerity programme in favour of a pragmatic approach to counter a 'hard' exit from the EU A Tory government will bridge regional divides, give young people a foot on the housing ladder and raise workers' productivity. And that is just an hors d'oeuvre, according to Philip Hammond, who ...
Phillip Inman / Guardian   |   Mon, 3 Oct 2016 14:34:14

Numis shrugs off Brexit on IPO boost

Stockbroker's full-year revenues expected to rise to close to £110m
FT   |   Mon, 3 Oct 2016 14:33:23

Britain's Hammond promises new economic plan to handle Brexit turbulence

Britain needs a new fiscal plan to navigate economic turbulence caused by Britain's vote to leave the European Union, finance minister Philip Hammond said on Oct. 3, stressing the need to balance spending cuts with infrastructure investment.
Hurriyet   |   Mon, 3 Oct 2016 14:30:00

Pound stays low against euro and dollar despite UK financial policy pledges

UK finance minister Philip Hammond fails to rouse sterling with his talk of a new fiscal plan against the economic turbulence from the Brexit vote.
euronews   |   Mon, 3 Oct 2016 14:07:19

Brent crude holds $50 but stocks rally fades

Pound touches 3-year low against the euro as May sets deadline to start Brexit
FT   |   Mon, 3 Oct 2016 13:42:05

Western Europe banking: Challengers at the gate

The role of challenger banks in the UK has been debated at the highest political levels. But many of the people running these institutions believe their potential is limited not by lack of business opportunities, but by arguments about capital treatment. Brexit holds out the possibility of change, but that ...
Euromoney   |   Mon, 3 Oct 2016 13:30:00

Investors see danger in U.K.'s plan for Brexit

The U.K. plan to leave the European Union is coming into focus, and markets don't like what they see.
CNN   |   Mon, 3 Oct 2016 13:15:12

Investors spooked by UK's plan for Brexit

CNN   |   Mon, 3 Oct 2016 13:14:44

EUR/GBP consolidates near 3-year highs

The pound slumped across the board on Monday after Prime Minister May said the UK would start the Brexit process by the end of March, sending EUR/GBP
Ani Salama / FX Street   |   Mon, 3 Oct 2016 13:04:28

U.S. CFOs Watch Presidential Election And Brexit For Signs Of Protectionism

It is not surprising that Chief Financial Officers (CFOs) in the United States are watching the presidential election closely, or that they have concerns about the ramifications of the United Kingdom's vote to leave the European Union. But a survey just out reveals that 87% of them believe that the ...
Dina Medland, Contributor / Forbes   |   Mon, 3 Oct 2016 13:00:00

Janus Henderson to have headquarters in London

New global investment firm formed by merger of top two fund companies will have $320bn of assets under management and HQ in City The biggest asset management deal since the Brexit vote, bringing together Anglo-Australian group Henderson and Janus Capital of Denver, is to have its headquarters in London in ...
Patrick Collinson / Guardian   |   Mon, 3 Oct 2016 12:49:00

May walks into a Brexit trap

The UK prime minister announces she will trigger an exit from the EU before getting any guarantees
Gideon Rachman   |   Mon, 3 Oct 2016 12:47:58

Colombian Voters Reject Peace Deal With FARC

The outcome has been compared to Brexit.
Curt Mills / U.S. News   |   Mon, 3 Oct 2016 12:34:07

British Pound Hits 3-year Euro Low as Brexit Date Set (Possible Insider Trading?)

The pound hit a three-year low against the euro on foreign exchange markets overnight after the UK identified the deadline by which it would start the process of exiting the EU. The pound was 0.9 per cent weaker against the euro, with as much as £0.8742 needed to buy a ...
Economic Policy Journal   |   Mon, 3 Oct 2016 11:53:00

Pound nears 30-year low after Theresa May sets date to pull trigger on what markets fear will be a 'hard Brexit'

While the setting of a deadline for the Brexit trigger, the new prime minister left unanswered most questions about what leaving the EU will actually look like
Netty Ismail and Charlotte Ryan, Bloomberg News / Financial Post   |   Mon, 3 Oct 2016 11:41:13

GLOBAL MARKETS-Sterling sinks to 3-year low on Brexit, European banks struggle again

LONDON, Oct 3- Sterling slumped to a three-year low against the euro on Monday as Britain set a March deadline to start divorce proceedings from the European Union, while worries over Deutsche Bank and Europe's banking sector kept share prices in check. British stocks were the standout performers in Europe, ...
CNBC   |   Mon, 3 Oct 2016 11:36:00

Sterling falls on UK's smoke signals on Brexit

The pound has fallen against the dollar and euro after the U.K. government sent out smoke signals about "Brexit."
CNBC   |   Mon, 3 Oct 2016 11:23:00

UK: EU-exit by March 2019 - Rabobank

Michael Every, Head of Financial Markets Research at Rabobank, suggests that optimism that Brexit may never actually happen - is certain to be dented
Sandeep Kanihama / FX Street   |   Mon, 3 Oct 2016 11:06:55

Assessing the Brexit announcements

Adding 'Great' to the title of the reform bill is mere spin
FT   |   Mon, 3 Oct 2016 10:57:08

May's 'hard Brexit' stance heightens concerns for U.K. economy

It now seems clear the country will not have as much free access to the EU market after Britain leaves
PAUL WALDIE / Globe and Mail   |   Mon, 3 Oct 2016 10:40:01

UK stocks rally as Brexit fears fade

Upbeat manufacturing data and confirmation over timing of EU departure ease gloom UK stock markets rallied on Monday, taking the FTSE 100 to a 16-month high after the government set a date for triggering Brexit negotiations and a closely watched survey suggested businesses continued to shrug off the EU referendum ...
Katie Allen / Guardian   |   Mon, 3 Oct 2016 09:50:10

Hammond warns of Brexit 'turbulence'

Philip Hammond signals he is willing to borrow more to boost economy
FT   |   Mon, 3 Oct 2016 09:08:59

FTSE 100 hits 16-month high and pound plunges below $1.29 as Theresa May sets Brexit deadline

Telegraph   |   Mon, 3 Oct 2016 09:03:06

UK manufacturing PMI shows strong growth since the Brexit referendum - ING

James Knightley, Senior Economist at ING, notes that the UK's manufacturing PMI has jumped for the second month in a row and it now stands at its high
Sandeep Kanihama / FX Street   |   Mon, 3 Oct 2016 09:02:23

Pound Falls To Three Year Low Against Euro - Yes, This Is How We Adjust To Brexit

We have another one of those interesting examples of how markets work this morning. Theresa May, as outlined here, has made it clear that Britain will not be fudging the issue of leaving the European Union but will be undertaking a "hard" Brexit. Which is excellent news but of course ...
Tim Worstall, Contributor / Forbes   |   Mon, 3 Oct 2016 09:00:00

Brexit start date sends pound to 3-year low

Fears of a 'hard' exit follow rhetoric at Conservative party conference
FT   |   Mon, 3 Oct 2016 08:38:08

Hard Brexit It Is Then - Theresa May Insists Upon No Free Movement For Single Market Compromise

Quite what will be the arrangements for Britain leaving the European Union is, for us Brits at least, one of the great questions of our times. And what is going to happen is becoming very much clearer. Theresa May, the British Prime Minister, made it so yesterday in her speech. ...
Tim Worstall, Contributor / Forbes   |   Mon, 3 Oct 2016 08:29:00

Colostomy bag maker Convatec the latest to float as Brexit fears fade

Colostomy bag maker Convatec is to list on the London Stock Exchange early next month in what will likely be the largest UK float since the Brexit referendum. Convatec - a major international manufacturer of medical gear, including wound dressings and incontinence products - is set to raise US$1.8bn (£1.4bn) ...
Proactive Investors   |   Mon, 3 Oct 2016 08:23:00

Pound falls as Theresa May sets Brexit process date

Sterling falls to its lowest level against the dollar since the beginning of July after Theresa May sets a date for starting Brexit negotiations.
BBC   |   Mon, 3 Oct 2016 08:22:38

UK Treasury chief warns of turbulence amid Brexit talks

LONDON (AP) - Britain's Treasury chief, Philip Hammond, has warned of turbulence in the coming years as the country negotiates its exit from the European Union.
Associated Press   |   Mon, 3 Oct 2016 08:21:50

UK Faces Economic Turbulence During Brexit Process: Hammond

The British economy will face turbulence as the government negotiates the country's exit from the European Union, finance minister Philip Hammond said on Monday. On Sunday, Prime Minister Theresa May said Britain would begin formal divorce talks with the EU by the end of March next year, and Hammond said ...
OANDA   |   Mon, 3 Oct 2016 07:57:47

Markets rally ahead of European factory healthcheck - business live

FTSE 100 has jumped by 50 points as investors await September's PMI reports Pound hits seven-week low Coming up: European manufacturing surveys 8.44am BST The pound's weakness is casting a shadow of the Tory party conference, as delegates convene for the second day of their Birmingham shindig. And as we ...
Graeme Wearden / Guardian   |   Mon, 3 Oct 2016 07:44:42

Sterling hit as May sets date to start Brexit

Pound at 3-year low against the euro, stocks hold ground as Deutsche fears ease
FT   |   Mon, 3 Oct 2016 07:29:31

Conservative conference: Pound falls as City faces up to hard Brexit - Politics live

Rolling coverage of all the developments at the Conservative party conference in Birmingham, including Philip Hammond's speech 8.26am BST Brexit worries have pushed the pound back towards the 31-year lows plumbed in the aftermath of June's referendum. Sterling has lost over half a cent in early trading, dropping to £1.2902 ...
Andrew Sparrow / Guardian   |   Mon, 3 Oct 2016 07:26:30

UK's Hammond: Brexit to challenge firms all across EU, not just UK companies - RTRS

Reuters reporting additional comments from the UK finance minister Hammond, as he continues to speak on the Brexit process ahead of his key note speec
Dhwani Mehta / FX Street   |   Mon, 3 Oct 2016 07:18:04

Theresa May pledges to trigger Article 50 by end of March - video highlights

Speaking at the first day of the Conservative party conference on Sunday in Birmingham, the prime minister says Brexit negotiations will mainly focus on immigration and on withdrawing from the jurisdiction of the European court of justice. In what seems to be a choice towards a "hard Brexit", May pledges ...
Guardian Staff / Guardian   |   Mon, 3 Oct 2016 07:07:10

Businesses fleeing Brexit will head to New York not EU, warns LSE chief

Xavier Rolet says if firms opt to leave the UK, the European economy would suffer European financial centres will not enjoy "easy pickings" after Brexit should businesses decide to leave, the head of the London Stock Exchange has said. Xavier Rolet, chief executive of the LSE Group, hailed London as ...
Press Association / Guardian   |   Mon, 3 Oct 2016 06:55:34

Theresa May says Britain must look beyond Europe - as she vows to trigger Article 50 by March

Peter Dominiczak / Telegraph   |   Mon, 3 Oct 2016 06:40:36

UK's Hammond: Brexit uncertainty comes at time of global uncertainty

The UK's Chancellor of the Exchequer Philip Hammond is on the wires now, via BBC TV, commenting on the Brexit process, which is expected to kick-off b
Dhwani Mehta / FX Street   |   Mon, 3 Oct 2016 06:36:42

UK PM Theresa May sets Brexit course away from EU's single market

Theresa May has set Britain on course to leave the EU by 2019 in her first major speech on Brexit, the FT reports.
CNBC   |   Mon, 3 Oct 2016 05:41:00

Colombia in unchartered territory with peace deal's defeat

After a stunning defeat of a peace deal with leftist rebels, Colombians are asking what comes next for their war-torn country, which like Britain following the Brexit vote has no Plan B to save an accord that sought to end a half century of hostilities
U.S. News   |   Mon, 3 Oct 2016 05:05:44

Shock of Colombia's Brexit

Some called it Colombia's Brexit.
CNN   |   Mon, 3 Oct 2016 05:05:26

Colombia does a Brexit with No to peace deal

Rejection of Farc agreement by voters plunges country into further uncertainty
FT   |   Mon, 3 Oct 2016 04:59:19

Newspaper headlines: Brexit timetable dominates papers

Most newspaper front pages feature the Brexit timetable outlined by Prime Minister Theresa May in her speech on the first day of the Conservative Party Conference.
BBC   |   Mon, 3 Oct 2016 04:36:23

Tory conference - a quick guide to day one

The government's plans for the process of Brexit dominated the opening speeches
FT   |   Mon, 3 Oct 2016 04:30:35

Asia stocks pick up as Deutsche fears ease

UK pound loses ground as May sets date to pull Brexit trigger
FT   |   Mon, 3 Oct 2016 03:47:17

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

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

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

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

Brexit News Archive: 03 Oct 2016     |     enquire