Brexit News Archive: 04 Oct 2016

Pound Drops to 30-Year Low Against Dollar on Brexit Concerns

The pound fell to a three-decade low against the dollar on Tuesday, trading below the levels it hit after Britain voted to leave the European Union in June.
WSJ   |   Tue, 4 Oct 2016 22:25:19

US STOCKS-Threat of 'hard Brexit' pulls down Wall Street

Oct 4- U.S. stocks dropped on Tuesday as investors fretted about Britain's exit from the European Union and the prospect of a Federal Reserve interest rate hike in coming months. While the weaker pound sent UK stocks surging, it raised worries among U.S. investors. "Clearly there has been some reverberation ...
CNBC   |   Tue, 4 Oct 2016 20:19:00

US STOCKS SNAPSHOT-Wall St falls on Brexit, Fed jitters

NEW YORK, Oct 4- U.S. stocks fell on Tuesday as investors fretted about Britain's exit from the European Union and the prospect of a Federal Reserve interest rate hike in coming months.
CNBC   |   Tue, 4 Oct 2016 20:03:00

Gold Settles At Lowest Value Since June As Brexit Fears Boost Dollar (and a short primer on knowing your numéraire)

The link below quotes the soon-to-be-gone front futures while we use the more popular December's (318,897 contracts traded vs 1,805 for October and 1,438 for November) as our reference, currently at $1272.70 down $40.00 on Globex. Here's today's action via FinViz: From Barron's Focus on Funds: Gold slid again on ...
Climateer Investing   |   Tue, 4 Oct 2016 19:39:00

UPDATE 1-UK banks target eurosceptic ministers as 'hard Brexit' fears grow

This is changing as executives increasingly fear Britain is heading for a clean break with the EU in a drive headed by ardent Leave campaigners Davis and Fox, rather than a "soft Brexit" that would see it retain some access to the single market- an outcome backed by finance minister ...
CNBC   |   Tue, 4 Oct 2016 19:29:00

Weak post-Brexit growth forecast likely to be wrong, says Bank MPC member

Michael Saunders will tell business leaders that UK economy could recover strongly from the dip following the EU referendum Michael Saunders, the most recent appointee to the Bank of England's interest rate setting committee, is to warn that the Bank's forecasts of weak growth next year are likely to be ...
Phillip Inman Economics correspondent / Guardian   |   Tue, 4 Oct 2016 19:22:53

Mining stocks plunge after gold prices take a hit

Shares of mining stocks slumped more than 8 percent after gold took a hit and slid to its lowest levels since the Brexit vote.
CNBC   |   Tue, 4 Oct 2016 19:05:00

US STOCKS-Wall Street falls, rankled by fear of 'hard Brexit'

*Fed President Jeffrey Lacker strikes hawkish note on rates. Oct 4- U.S. stocks fell on Tuesday as investors fretted about Britain's exit from the European Union and the prospect of a Federal Reserve interest rate hike in coming months. "Clearly there has been some reverberation from across the pond in ...
CNBC   |   Tue, 4 Oct 2016 18:37:00

UK looks for transitional Brexit trade deal

Interim payments to Brussels considered to keep market access
FT   |   Tue, 4 Oct 2016 18:30:55

Gold Settles At Lowest Value Since June As Brexit Fears Boost Dollar

Gold slid again on Tuesday, as fears related to Brexit fuel a rally in the US dollar. Gold for October delivery slumped $42.70 per troy ounce, or 3.26%, to $1266.30 today, it's third straight day of losses and its largest one-day percentage decline since December 2013. That's its lowest settle ...
Focus on Funds   |   Tue, 4 Oct 2016 18:24:00

Theresa May insists UK economy can withstand Brexit turbulence

Theresa May insists the UK economy remains strong despite Brexit concerns which have hit the pound and seen growth forecasts for 2017 reduced.
BBC   |   Tue, 4 Oct 2016 18:12:25

Claim 'hard Brexit' could cost UK £10bn in tax

Up to 35,000 finance-linked jobs at risk depending on deal, says Oliver Wyman
FT   |   Tue, 4 Oct 2016 17:51:03

GBP/USD: technically bearish at lowest levels for decades

GBP/USD is extending the downside in a sell-off today on renewed concerns over Brexit this week and volatility kicked in with the news that the ECB ...
Ross J Burland / FX Street   |   Tue, 4 Oct 2016 17:38:05

Gold sinks to lowest level since Brexit vote

Investors take profits and eye US interest rate rise
FT   |   Tue, 4 Oct 2016 17:03:17

'Proceed With Caution', Branson's Brexit Advice To Startups (Been There, Done That)

Tread carefully until there's clarity around Brexit, is Richard Branson's advice to new startups
Alison Coleman, Contributor / Forbes   |   Tue, 4 Oct 2016 16:43:00

The pound is worth less - but what does it mean for Brits?

Since the Brexit vote, the pound has fallen 13% against the dollar - so we may see an increase in the number of tourists who come to shop As the pound hits a 31-year low, the question is, how do you feel? Poorer is the answer. Not because the new ...
Phillip Inman / Guardian   |   Tue, 4 Oct 2016 16:38:44

Pound slides to 31-year low, as FTSE 250 hits record high - as it happened

Foreign exchange traders are "spooked" by Theresa May's Brexit plan, say analysts, as sterling slides again - pushing share prices higher FTSE 100 jumps 90 points IMF says UK will be fastest-growing G7 economy this year UK construction bounces back after Brexit vote POUND HITS 31-YEAR LOW 5.34pm BST After ...
Graeme Wearden / Guardian   |   Tue, 4 Oct 2016 16:35:19

UK banks target eurosceptic ministers as 'hard Brexit' fears grow

This is changing as executives increasingly fear Britain is heading for a clean break with the EU in a drive headed by ardent Leave campaigners Davis and Fox, rather than a "soft Brexit" that would see it retain some access to the single market- an outcome backed by finance minister ...
CNBC   |   Tue, 4 Oct 2016 16:32:00

'UK economy is fundamentally strong'

Prime Minister Theresa May insists the UK economy remains "fundamentally strong" despite concerns about the impact of Brexit.
BBC   |   Tue, 4 Oct 2016 16:00:17

British pound at lowest point since 1985 on fresh Brexit worries

The British pound hit a new 31-year low against the U.S. dollar on Tuesday as markets continued to digest the news that the U.K. seems head for a 'hard' exit from the European Union.
CBC News / CBC   |   Tue, 4 Oct 2016 15:46:01

slides to lowest since Brexit vote

LONDON, Oct 4- Gold slid more than 1 percent on Tuesday to its lowest since Britain's shock vote to leave the European Union in June, as a bounce in the dollar after upbeat U.S. data triggered a break of key support at $1,300 an ounce. Forecast-beating U.S. manufacturing data on ...
CNBC   |   Tue, 4 Oct 2016 15:42:00

Sterling sags to 31-year low; dollar near 2-week high

The sterling stumbled against the dollar on fears over the fallout of Britain's looming exit from the European Union.
CNBC   |   Tue, 4 Oct 2016 15:31:00

Gold slides to lowest level since Brexit

Gold fell as the dollar gained strength after upbeat U.S. economic data.
CNBC   |   Tue, 4 Oct 2016 15:11:00

GBP/USD further weakness toward 1.25 seen - Scotiabank

Eric Theoret, Strategist at Scotiabank noted that they expect GBP/USD to fall further towards 1.25 weighed by Brexit-related concerns and technicals s
Ani Salama / FX Street   |   Tue, 4 Oct 2016 15:08:26

Stocks bounce around as Brexit fears reemerge

Great Britain's plans to start Brexit process early in 2017 creates fresh uncertainty.
USA Today   |   Tue, 4 Oct 2016 15:04:57

Theresa May's pre-Brexit split with City

The prime minister needs to adjust her priorities
FT   |   Tue, 4 Oct 2016 15:00:30

Pound sinks as FTSE 100 leaps

Blue-chip index climbs above 7,000 as currency tracks 'hard Brexit' fears
FT   |   Tue, 4 Oct 2016 14:44:30

Calm down America: Brexit doesn't mean Trump

This election has provided excellent sport for a certain type of pompous Englishman in New York.
CNN   |   Tue, 4 Oct 2016 14:34:14

Pound plunges to new 31-year low

The British pound fell to its lowest level in 31 years as the country's plan for Brexit revives fears about long term damage to the economy.
CNN   |   Tue, 4 Oct 2016 14:27:16

Reuters News wrote a new post, Electra prices Premier Asset Management IPO as post-Brexit offerings pick up: Reuters, on the site PE Hub

Electra Private Equity priced the initial public share offer for its Premier Asset Management Group on Tuesday, giving the business a market value of 140 million pounds ($179 million) and raising hopes of a [...]
peHUB   |   Tue, 4 Oct 2016 14:18:59

Brexit fears send pound to new low

CNN   |   Tue, 4 Oct 2016 14:18:03

GBP/USD hovers near 31-year lows

GBP/USD fell sharply on Tuesday, extending previous day's losses and hit its lowest level since 1985, weighed by renewed Brexit concerns after UK
Ani Salama / FX Street   |   Tue, 4 Oct 2016 13:52:05

Pound drops to lowest level since 1985 - and U.K. stocks soar

The British pound has hit a 31-year low against the dollar amid concern the country is willing to break away definitively from the European Union's common market. But the country's stocks are loving it, with the main index closing in on a record high. The pound, which traded around $1.50 ...
Money & Company   |   Tue, 4 Oct 2016 13:45:00

Stocks edge higher as Brexit fears reemerge

Great Britain's plans to start Brexit process early in 2017 creates fresh uncertainty.
USA Today   |   Tue, 4 Oct 2016 13:44:47

PRECIOUS-Gold slides to lowest since Brexit vote

LONDON, Oct 4- Gold slid more than 1 percent on Tuesday to its lowest since Britain's shock vote to leave the European Union in June, as a bounce in the dollar after upbeat U.S. data triggered a break of key support at $1,300 an ounce. Forecast-beating U.S. manufacturing data on ...
CNBC   |   Tue, 4 Oct 2016 13:40:00

Britain's Brexit Plans And The Market To Watch

ByLinda Yueh Markets certainly reacted after the UK Prime Minister Theresa May and her Chancellor Philip Hammond spoke at the Conservative Party Conference this week. There was some needed clarity over at least some aspects of Brexit. The confirmation of a timetable and importantly, the intent to not be within ...
London Business School Review, Contributor / Forbes   |   Tue, 4 Oct 2016 13:09:00

IMF lowers growth forecasts for US

Brexit, US election and rising protectionism drag on world economy, fund warns
FT   |   Tue, 4 Oct 2016 13:01:52

British pound drops to 31-year low on fears of 'hard' Brexit

Britain's pound slumped to a three-decade low on Tuesday as concerns over Brexit were compounded by the renewed strength of the dollar on resurgent U.S. interest rate hike expectations.
NEWS WIRES / France 24   |   Tue, 4 Oct 2016 13:01:06

IMF left shamefaced after peak pessimism over Brexit vote

Lurid forecasts were wide of the mark but dire warnings of rising protectionist trade measures and anti-elites backlash ring true Everybody makes duff forecasts. Everybody gets it wrong from time to time. Only the inveterate fence sitters are spared having egg on their face. The International Monetary Fund certainly knows ...
Larry Elliott in Washington / Guardian   |   Tue, 4 Oct 2016 13:00:41

Gold just tumbled below $1,300 for the first time since Brexit (GLD)

Gold just tumbled below $1,300. Prices for the shiny metal are down by 1.2% to $1,297.15 an ounce as of 8:45 a.m. ET - the weakest level since June 24, or the day after the Brexit vote when global markets were in chaos. Gold is considered a traditional risk-off, "end ...
Business Insider   |   Tue, 4 Oct 2016 13:00:00

Pound sinks to lowest since 1985 amid fears that a 'hard' Brexit is coming

Sterling exceeded its lows versus the dollar set in the wake of the June 23 referendum and touched the weakest in three years against the euro
Charlotte Ryan, Bloomberg News / Financial Post   |   Tue, 4 Oct 2016 12:25:02

GLOBAL MARKETS-Pound tumbles to 31-year low, Deutsche Bank bounces

LONDON, Oct 4- Britain's pound slumped to a three-decade low on Tuesday as concerns over Brexit were compounded by the renewed strength of the dollar on resurgent U.S. interest rate hike expectations. Sterling was at its weakest since 1985, hit by a growing sense that the UK may be heading ...
CNBC   |   Tue, 4 Oct 2016 12:14:00

FTSE 100 surges towards record high as pound hits 31-year low

Index of leading shares climbs to 7,119 at midday, just shy of 7,122 record, as prospect of 'hard Brexit' sends sterling tumbling The value of Britain's top 100 companies surged to within a few points of an all-time high on Tuesday as the stock market benefited from a plunge in ...
Phillip Inman Economics correspondent / Guardian   |   Tue, 4 Oct 2016 12:10:10

Deloitte to merge 9 member firms

Professional services group came up with integration plan before Brexit vote
FT   |   Tue, 4 Oct 2016 12:02:04

City calls for open attitude to skilled immigration

London's financial services industry has become increasingly concerned about the risks of a 'hard Brexit'
FT   |   Tue, 4 Oct 2016 11:24:04

Opening Bell: 10.4.16

Banks will get no special treatment in Brexit negotiations; Deutsche layoffs; Illinois expects others to cut ties with Wells Fargo; Man busted on lewdness charge for wearing Saran Wrap bikini on NJ beach; and more.
Dealbreaker   |   Tue, 4 Oct 2016 11:00:13

George Osborne's family firm to benefit from Brexit vote

Osborne & Little wallpaper chain expects to gain from referendum result despite former chancellor's grim economic forecasts Osborne & Little, the luxury wallpaper chain owned by the family of former chancellor George Osborne, says it expects to benefit from the fall in the value of the pound triggered by the ...
Simon Bowers / Guardian   |   Tue, 4 Oct 2016 10:43:53

Pound Drops to 31-Year Low Against Dollar on Brexit Concerns

The pound fell to a three-decade low against the dollar on Tuesday, trading below the levels it hit after Britain voted to leave the European Union in June.
WSJ   |   Tue, 4 Oct 2016 10:33:24

Brexit means breakfast for Welsh Tory leader Davies

Welsh Conservative leader Andrew RT Davies gives colleagues some food for thought at the party conference in Birmingham, confusing Brexit with breakfast.
BBC   |   Tue, 4 Oct 2016 10:26:39

The Big 7,000: Time to Celebrate on the FTSE 100?

This post is from WSJ City, which you can download for iPhone here or Android here. You'll need to be on your mobile device to do this. And you can sign up to receive our morning and Brexit briefing newsletters direct to your inbox here. The FTSE 100 has surged ...
MoneyBeat   |   Tue, 4 Oct 2016 10:20:11

Sterling's Slide Continues, but Greenback is Broadly Bid

UK Prime Minister May's comments at the Tory Party Conference over the weekend played up the risk of what has been dubbed a hard Brexit and triggered a slide in sterling saw it fall to new 30-year+ low against the dollar just below $1.2760. A stronger than expected recovery in ...
Marc to Market   |   Tue, 4 Oct 2016 10:05:45

Brexit fears send pound to new 31-year low

The British pound fell to its lowest level in 31 years as the country's plan for Brexit revives fears about long term damage to the economy.
CNN   |   Tue, 4 Oct 2016 09:43:52

Brexit fears send British pound to new 31-year low

The British pound fell to its lowest level in 31 years as the country's plan for Brexit revives fears about long term damage to the economy.
CNN   |   Tue, 4 Oct 2016 09:39:34

Brexit fears send pound to new low

CNN   |   Tue, 4 Oct 2016 09:39:02

Construction sector bounces back after post-referendum slump

Resilient housing market and increase in civil engineering activity help industry shake off gloom Housebuilding surged in September, smashing City expectations and lifting the construction industry out of a deep, EU referendum-induced slump. Civil engineering also grew last month and helped push the Markit/Cips UK construction purchasing managers' index (PMI) ...
Phillip Inman Economics correspondent / Guardian   |   Tue, 4 Oct 2016 09:26:13

UK construction bounces back after Brexit shock

PMI reading of 52.3 much better than expected
FT   |   Tue, 4 Oct 2016 09:22:04

Pound hits 31-week low on Brexit fears

CNBC's Louisa Bojesen reports on the trading action in the UK as the FTSE rises above the 7,000 mark.
CNBC   |   Tue, 4 Oct 2016 09:12:00

GLOBAL MARKETS-Pound tumbles to 31-year low, Deutsche Bank bounces

LONDON, Oct 4- Britain's pound slumped to a three-decade low on Tuesday as its Brexit worries were compounded by a revitalised dollar, boosted by resurgent U.S. interest rate hike expectations. Sterling dropped to its weakest since 1985, hit by a growing sense that the UK may be heading for a' ...
CNBC   |   Tue, 4 Oct 2016 08:58:00

Theresa May doesn't care if 'hard Brexit' hurts the City - there won't be special deals

Three senior, unnamed government sources have told Bloomberg that Theresa May will not cut any special deal with the City to ease the pain of Brexit and is seeking to fundamentally rebalance the relationship between Whitehall and financial services. Bloomberg reports on Tuesday that May is taking a hard line ...
Business Insider   |   Tue, 4 Oct 2016 08:53:06

Theresa May: Brexit will mean 'bumps in the road'

Leaving the EU will not be "plain sailing" but the UK must grasp the opportunities and not be a in the upcoming negotiations, Theresa May says.
BBC   |   Tue, 4 Oct 2016 08:31:03

31-year low for pound on Brexit anxiety

Seeking Alpha / Seeking Alpha   |   Tue, 4 Oct 2016 08:28:37

British pound slumps to 31-year low after Brexit timetable announced

The pound fell to its lowest level in 31 years on Tuesday afternoon following British Prime Minister Theresa May's announcement that the process of withdrawal from the European Union would begin by April. The pound dropped to US$1.2759, the lowest since June 1985. The currency has weakened for six months ...
Celia Chen / South China Morning Post   |   Tue, 4 Oct 2016 08:14:51

Brexit fears, White House race cause $72 billion slide in M&A

Political risks have scared companies off inking deals, Dealogic says - except for Chinese and Japanese firms that hunted U.S. and European targets.
Here Is The City   |   Tue, 4 Oct 2016 08:13:31

Banks want as much clarity for Brexit as possible: BBA chief executive

Anthony Browne, chief executive of the British Bankers' Association, discusses the U.K. chancellor's speech on Brexit negotiaions and the impact on banks.
CNBC   |   Tue, 4 Oct 2016 07:57:00

Sterling slides to 31-year low as Brexit worries bite

Sterling slid to its lowest in more than three decades against the dollar today, as investors sold the currency on worries over the impact of Britain's looming departure from the European Union. Sterling skidded more than 1 percent yesterday on the back of Prime Minister Theresa May's announcement on Sunday ...
Times of Malta   |   Tue, 4 Oct 2016 07:54:00

Pound tumbles to 31-year low as Brexit angst persists

The pound dropped to a three-decade low, as investor concern about Britain's exit from the European Union welled up after Prime Minister Theresa May's announcement that she would begin the process of leaving the bloc in the first quarter of 2017.
Bangkok Post   |   Tue, 4 Oct 2016 07:45:00

British pound hits 30-year low

Sterling has fallen to its lowest level in more than 30 years, as Brexit plans advance.
Austrailian   |   Tue, 4 Oct 2016 07:32:00

Pound dives to 31-year low and FTSE 100 smashes 7,000 as Brexit worries bite

Telegraph   |   Tue, 4 Oct 2016 07:25:47

Stocks firm as banking stocks steady

Sterling hits fresh 31-year low amid 'hard' Brexit fears
FT   |   Tue, 4 Oct 2016 07:15:33

Sterling hits new 31-year low as Brexit fears build

FTSE 100 rises above 7,000 on weaker currency boost
FT   |   Tue, 4 Oct 2016 07:13:07

Pound hits 31-year low against US dollar - business live

All the latest economic and financial news, including the International Monetary Fund's latest World Economic Outlook 7.58am BST Newsflash: the pound has hit a new 31-year low against the US dollar. It has shed 0.5% in early trading in London, dropping to $1.2778. Sterling falls to a 31-year low of ...
Graeme Wearden / Guardian   |   Tue, 4 Oct 2016 07:03:10

BOE rate cut bets drop amid positive UK economic data - BBG

The BOE is less likely to slash rates in the upcoming months as recent strong UK fundamentals continue to defy Brexit-vote led gloomy forecasts. Th
Dhwani Mehta / FX Street   |   Tue, 4 Oct 2016 06:36:31

UK PM May: Brexit process will not be plain sailing for the economy

British PM Theresa May is on the wires now, via Reuters, noting that the Brexit process is not going to be a smooth one for the economy. Key Quotes:
Dhwani Mehta / FX Street   |   Tue, 4 Oct 2016 06:26:22

Britain needs a 'new deal' to bring divided country together after Brexit

Theresa May must follow the example of Franklin D Roosevelt to build an optimistic vision of a UK that truly works together The New Deal. One of the most ambitious programmes by a government in history, to rescue the US economy from one of its deepest recessions. A radical agenda ...
Norman Pickavance / Guardian   |   Tue, 4 Oct 2016 06:00:01

Will Brexit kill merger deals between Canada and Europe?

The uncertainty posed by the coming 'Brexit' hasn't stopped all deals from going ahead, Canadian lawyers say
Mary Teresa Bitti / Financial Post   |   Tue, 4 Oct 2016 05:33:49

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

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 Brexit negotiations and fanned fears it would go for a deal that leaves Britain excluded from the single market.
Here Is The City   |   Tue, 4 Oct 2016 05:03:31

City debates immigration post-Brexit vote

The FT's network of 50 business leaders consider what reforms they would like to see
FT   |   Tue, 4 Oct 2016 04:31:29

Pound slips in Asia as Brexit fears bite

Markets fear impact of a 'hard' exit by Britain from the EU
FT   |   Tue, 4 Oct 2016 04:10:28

U.S. Stocks Fall; Dividend Demand Fades

U.S. stocks slipped at the start of the fourth quarter. Utilities and other stocks that have been popular in part because of their dividends were among Monday's biggest decliners.
WSJ   |   Tue, 4 Oct 2016 04:01:14

Pound's road ahead as UK seeks EU exit

Currency hit by renewed weakness as looming Brexit negotiations test market sentiment
FT   |   Tue, 4 Oct 2016 04:00:05

Brexit-Trigger News Sends British Pound Lower

The British pound slumped Monday after Prime Minister Theresa May said the U.K. would kick off the process of separating from the European Union by the end of March.
WSJ   |   Tue, 4 Oct 2016 03:57:43

Brexit, White House race cause $72 billion M&A slide

Political risks have scared companies off inking deals, Dealogic says - except for Chinese and Japanese firms, who snapped up U.S. targets.
CNBC   |   Tue, 4 Oct 2016 02:16:00

Dollar rises vs yen on upbeat US data, "hard Brexit" fears beset pound

The dollar rose against the yen after receiving a boost from upbeat U.S. economic data, while the pound wallowed near a three-decade low.
CNBC   |   Tue, 4 Oct 2016 00:37:00

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

Brexit-Trigger News Sends British Pound Lower

The British pound slumped Monday after Prime Minister Theresa May said the U.K. would kick off the process of separating from the European Union by the end of March.
WSJ   |   Mon, 3 Oct 2016 19:35:16

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

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 19:15:00

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

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 17:38:49

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

Tories ditch budget surplus pledge and announce £3bn housebuilding plan - Politics live

Rolling coverage of all the developments at the Conservative party conference in Birmingham, including Philip Hammond's speech Philip Hammond's morning interviews - Summary Hammond's speech - Verdict Liam Fox's speech - Summary Afternoon summary 5.32pm BST Related: Philip Hammond to spend his way out of Brexit fallout 5.31pm BST Nick ...
Andrew Sparrow / Guardian   |   Mon, 3 Oct 2016 16:32:39

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