Brexit News Archive: 05 Oct 2016

Quit the EU gently to protect UK workers

May should not take the quack Brexit remedies of her trade secretary very seriously
FT   |   Wed, 5 Oct 2016 22:05:55

Services sector growth allays Brexit vote fears

New order books and recruitment rise fuel increase but businesses remain wary that rebound could fizzle out, say analysts A strong performance by the UK's services sector in September has allayed concerns that a rebound after the Brexit vote panic would prove temporary. The sector, which accounts for about three-quarters ...
Phillip Inman Economics correspondent / Guardian   |   Wed, 5 Oct 2016 18:35:32

Theresa May takes swipe at capitalist elite

PM pledges to make Britain fairer, saying Brexit was cry for new start
FT   |   Wed, 5 Oct 2016 17:33:58

The Brief from Brussels: UK's May outlines vision of post-Brexit Britain

In this episode: British Prime Minister Theresa May makes her call for a fairer United Kingdom; the EU's new border guard starts work, and the UN is about to name its next secretary...
euronews   |   Wed, 5 Oct 2016 17:01:34

Theresa May makes her pitch to Britain

Prime minister's task has been to portray herself as the person who could deliver post-Brexit change
FT   |   Wed, 5 Oct 2016 16:44:45

Brexit recession fears fade as UK service sector beats forecasts - as it happened

UK services companies say new business picked up in September, easing fears that June's referendum has triggered a downturn US service sector improves in September ... but jobs figures disappoint - ADP Theresa May: Monetary policy has got to change Services sector records solid growth Pound hits yet another 31-year ...
until 2.15 / Guardian   |   Wed, 5 Oct 2016 16:42:10

UK's May looks to post-Brexit Britain

Prime Minister Theresa May said on Wednesday that the country's Conservative government must do more to champion the cause of working-class people.
euronews   |   Wed, 5 Oct 2016 16:21:32

Brexit Mastermind Farage Resumes Leadership Of UKIP As Replacement Quits After 18 Days

Just 18 days after she took the mantle of running the UK Independence Party, Diane James has stepped down - citing personal reasons for her decision - leaving Nigel Farage stepping back in as 'acting leader'. But, as SkyNews reports, MEP Farage ruled out re-applying on a permanent basis for ...
Zero Hedge   |   Wed, 5 Oct 2016 16:02:59

UPDATE 2-Bank of England faces quandary as UK weathers early Brexit hit

LONDON, Oct 5- The Bank of England, which signalled a few weeks ago that a fresh interest rate cut was likely next month, has been put on the spot by signs that Britain's economy has weathered the initial shock of the Brexit vote better than expected. While the prospect of ...
CNBC   |   Wed, 5 Oct 2016 16:01:00

Referendum No would be worse than Brexit - Benigni (2)

Rome, October 5 - Oscar-winning Italian director and actor Roberto Benigni has said the consequences would be "worse than the Brexit" if the No vote wins in the December referendum on the government's overhaul of Italy's political machinery. "It's indispensable that the Yes vote wins," Benigni told
Gazzetta Del Sud   |   Wed, 5 Oct 2016 13:33:00

Referendum No would be worse than Brexit - Benigni

Rome, October 5 - Oscar-winning Italian director and actor Roberto Benigni has said the consequences would be "worse than the Brexit" if the No vote wins in the December referendum on the government's overhaul of Italy's political machinery. "It's indispensable that the Yes vote wins," Benigni told
Gazzetta Del Sud   |   Wed, 5 Oct 2016 13:10:00

BoE Deputy Says CB Was Too Pessimistic About Brexit

Bank of England deputy governor Ben Broadbent has said policymakers had been too pessimistic about the immediate aftermath of the Brexit vote, but warned of an threat to business investment. "There's little doubt that the economy has performed better than surveys suggested immediately after the referendum and ... somewhat more ...
OANDA   |   Wed, 5 Oct 2016 13:02:39

Hard Brexit Could Cost 38 Billion Pounds

Britain's financial industry could lose up to 38 billion pounds ($48.34 billion) in revenue in a so-called 'hard Brexit' that would leave it with restricted access to the European Union's single market, according to a report commissioned by an industry group. If finance firms lose the right to freely sell ...
OANDA   |   Wed, 5 Oct 2016 13:01:26

Bank of England Faces Quandary as UK Weathers Early Brexit Hit

The Bank of England, which signalled a few weeks ago that a fresh interest rate cut was likely next month, has been put on the spot by signs that Britain's economy has weathered the initial shock of the Brexit vote better than expected. While the prospect of a rocky divorce ...
OANDA   |   Wed, 5 Oct 2016 12:54:25

UK new car sales hit record high for September

New models and cheaper finance boost sales but Brexit uncertainty will affect future demand, say car makers Britain's car industry enjoyed a record September for new car sales, but it warned that Brexit uncertainty could weigh on future demand. The new 66 plate helped to lift new car sales by ...
Angela Monaghan / Guardian   |   Wed, 5 Oct 2016 12:45:42

May sets out post-Brexit vision for fairer Britain

Prime minister hits out at Bank of England over low interest rates
FT   |   Wed, 5 Oct 2016 12:23:11

UPDATE 1-Bank of England faces quandary as UK weathers early Brexit hit

LONDON, Oct 5- The Bank of England, which signalled a few weeks ago that a fresh interest rate cut was likely next month, has been put on the spot by signs that Britain's economy has weathered the initial shock of the Brexit vote better than expected. While the prospect of ...
CNBC   |   Wed, 5 Oct 2016 12:23:00

Services sector growth allays Brexit vote fears

A strong performance by the UK's services sector in September has allayed concerns that a rebound after the Brexit vote panic would prove temporary.
Here Is The City   |   Wed, 5 Oct 2016 12:19:20

Bank of England was too pessimistic about Brexit vote - deputy governor

Here Is The City   |   Wed, 5 Oct 2016 12:18:32

A hard Brexit could cost up to 75,000 jobs

Leading think tank TheCityUK has warned that a so-called "hard Brexit" would cost thousands of jobs.
Here Is The City   |   Wed, 5 Oct 2016 12:16:53

Nigel Farage on UKIP: 'I am technically still leader of the party'

Farage had stepped down after playing a prominent role in the Brexit vote The post Nigel Farage on UKIP: 'I am technically still leader of the party' appeared first on Macleans.ca .
The Associated Press / Macleans   |   Wed, 5 Oct 2016 11:43:58

Bank of England was too pessimistic about Brexit vote - deputy governor

Ben Broadbent says economy performed better than expected after referendum but faces risk if companies hold off investment Bank of England deputy governor Ben Broadbent has said policymakers had been too pessimistic about the immediate aftermath of the Brexit vote, but warned of an threat to business investment. "There's little ...
Angela Monaghan / Guardian   |   Wed, 5 Oct 2016 11:32:02

Strong UK business data means interest rate dilemma for Bank of England

The UK's services sector was strong in September adding to doubts about the need for another interest rate cut to cushion the Brexit vote impact.
euronews   |   Wed, 5 Oct 2016 11:31:18

Service sector shrugs off Brexit shock

PMI survey latest in series of data confounding economists' fears of a post-referendum downturn
FT   |   Wed, 5 Oct 2016 10:44:50

Pound hits 5-year low against euro

'Hard Brexit' fears linger while reports of ECB considering scaling back on easing lift shared currency
FT   |   Wed, 5 Oct 2016 09:58:10

UK service sector activity grows

Data shows rising new business and job creation after Brexit vote
FT   |   Wed, 5 Oct 2016 09:46:31

Services sector growth allays Brexit vote fears

New order books and recruitment rise fuel increase but businesses remain wary that rebound could fizzle out, say analysts A strong performance by the UK's services sector in September has allayed concerns that a rebound after the Brexit vote panic would prove temporary. The sector, which accounts for about three ...
Phillip Inman Economics correspondent / Guardian   |   Wed, 5 Oct 2016 09:36:12

UK services 'continue to recover' from Brexit vote shock

The UK services industry continued to recover in September, after a sharp drop following the UK's vote to leave the EU, according to a closely watched survey.
BBC   |   Wed, 5 Oct 2016 08:49:18

Bank of England's Broadbent: don't rush to interpret Brexit vote hit

LONDON, Oct 5 (Reuters) - Bank of England Deputy Governor Ben Broadbent said Britain's economy has performed "somewhat more strongly" after June's Brexit vote than the BoE had expected, but it was...
Reuters   |   Wed, 5 Oct 2016 08:32:44

Hard Brexit 'could cost financial sector £38bn'

The financial industry could lose up to £38bn and up to 75,000 jobs if the UK quits the single market, a report says.
BBC   |   Wed, 5 Oct 2016 08:16:15

UK: A hard Brexit isn't remotely priced - Deutsche Bank

Oliver Harvey, Macro Strategist at Deutsche Bank, suggests that the last week's UK Q2 balance of payments data from the ONS makes interesting reading
Sandeep Kanihama / FX Street   |   Wed, 5 Oct 2016 07:59:22

Pound sinks to 1985 low, is likely 'going to go down the tubes'

Sterling's tumble isn't finished, said Koon How Heng, a senior foreign-exchange strategist at Credit Suisse.
CNBC   |   Wed, 5 Oct 2016 07:20:00

Brexit: Many don't like the post-EU picture that's emerging

We're starting to get a bigger picture of what the U.K. could look like when it leaves the European Union (EU) - and many people aren't happy with it.
CNBC   |   Wed, 5 Oct 2016 07:14:00

'Hard Brexit' could cost UK finance firms 38 billion pounds - RTRS

The main industry lobby group TheCityUK commissioned a report on Tuesday, noted that the British financial industry could lose up to GBP38 billion pou
Dhwani Mehta / FX Street   |   Wed, 5 Oct 2016 07:04:25

Brexit fears send pound to new lows against dollar and euro - Business Live

Sterling hit a new 31-year low against the US dollar on Wednesday morning, and a five-year low against the euro Latest: Pound under pressure again Coming up: UK service sector report 8.04am BST This chart shows how sterling has hit new 31-year lows this morning, below $1.27. 8.00am BST The ...
Graeme Wearden / Guardian   |   Wed, 5 Oct 2016 07:04:17

RPT-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   |   Wed, 5 Oct 2016 06:00:00

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   |   Wed, 5 Oct 2016 05:33:03

Leader of pro-Brexit party UKIP quits after 18 days

Diane James resigned as the leader of the pro-Brexit U.K. Independence Party on Tuesday after 18 days in the role, citing personal and professional reasons. "I will not be formalizing my recent nomination to become the new leader of the party," the member of the European Parliament said in a ...
Japan Times   |   Wed, 5 Oct 2016 05:24:49

It's going to be a very turbulent time for sterling: Strategist

Vasileios Gkionakis, head of global FX strategy at Unicredit, explains how a 'hard' Brexit will cause sterling to sink against the dollar.
CNBC   |   Wed, 5 Oct 2016 05:14:00

GBP/USD - Weak recovery ahead of UK services PMI

GBP/USD pair is having a hard time taking back losses as fears of 'hard Brexit' and spike in EUR/GBP overshadows positive UK economic data. Eyes UK s
Omkar Godbole / FX Street   |   Wed, 5 Oct 2016 03:32:09

Commonwealth fears Brexit vote fallout

Report highlights concerns over exports, tourism and remittances due to falling pound
FT   |   Wed, 5 Oct 2016 03:31:32

Pound weaker across key pairs, to head lower: Strategist

The GBP/USD will hit $1.25 as markets come around to the harsh realities of a hard Brexit, says Heng Khoon How at Credit Suisse.
CNBC   |   Wed, 5 Oct 2016 02:55:00

World Bank raises East Asia growth forecast as Brexit impact likely to be limited

The World Bank slightly raised its 2016 economic growth forecast for developing East Asia and the Pacific on Wednesday, saying that Brexit is unlikely to have any significant near-term impact on growth in the region. The Washington-based lender now expects the developing East Asia and Pacific region, which includes China, ...
Reuters / South China Morning Post   |   Wed, 5 Oct 2016 02:30:12

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   |   Wed, 5 Oct 2016 02:05:34

World Bank raises 2016 East Asia growth view, sees limited Brexit impact

*World Bank raises 2016, 2017 growth forecasts for Thailand. The Washington- based lender now expects the developing East Asia and Pacific region, which includes China, to grow 6.4 percent in 2016 and 6.2 percent in 2017.. "Growth in the region is expected to remain broadly resilient during 2016-2018," the World ...
CNBC   |   Wed, 5 Oct 2016 02:00:00

Brexit bienvenue

Three months after the Brexit vote, France's financial regulator is receiving a steady stream of enquiries from London-based companies about the possibilities of relocation.
BBC   |   Tue, 4 Oct 2016 23:21:32

Theresa May makes pitch for centre ground

PM to try to rebrand Tories in midst of Brexit
FT   |   Tue, 4 Oct 2016 22:59:01

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

Mining stocks plunge after gold prices take a hit

Shares of mining stocks slumped more than 9 percent on Tuesday after gold took a hit and slid to its lowest levels since the Brexit vote.
CNBC   |   Tue, 4 Oct 2016 20:56:00

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

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 18:45:00

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

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 an EU referendum-induced slump. The civil engineering sector also grew last month and helped push the Markit/Cips UK construction purchasing managers' index ...
Phillip Inman Economics correspondent / Guardian   |   Tue, 4 Oct 2016 18:13:21

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

IMF crowns UK world's fastest growing major economy, but hard Brexit fears push pound to 31-year low

Telegraph   |   Tue, 4 Oct 2016 17:38:54

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

FTSE 100 closes just below record high as pound hits 31-year low

Index of leading shares closes at 7,074.34 after coming within sight of 7,122 record, as prospect of 'hard Brexit' sends sterling tumbling The value of Britain's top 100 companies came close to an all-time closing high on Tuesday as the stock market benefited from a plunge in the value of ...
Phillip Inman Economics correspondent / Guardian   |   Tue, 4 Oct 2016 17:03:57

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

Brexit & Beyond: New Sterling Low; U.K. Stocks Near New High; Limiting Non-EU Immigration

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 Agence France-Presse/Getty Images Pound Drops to 31-Year Low as Brexit Concerns Bite: The pound fell to a ...
MoneyBeat   |   Tue, 4 Oct 2016 16:57:34

'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

Pound sinks as FTSE 100 leaps

Blue-chip index climbs above 7,000 as currency tracks 'hard Brexit' fears
FT   |   Tue, 4 Oct 2016 16:39:31

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