Brexit News Archive: 13 Oct 2016

'Hard Brexit' or 'no Brexit' for Britain - Tusk

Britain's only alternative to a "hard Brexit" is "no Brexit", European Council President Donald Tusk says.
BBC   |   Thu, 13 Oct 2016 20:35:46

Unilever Resolves Pricing Dispute With Tesco

Consumer-goods giant Unilever said it has settled its dispute with retailer Tesco after the two British corporate giants clashed over pricing in the U.K. in an outgrowth of the post-Brexit decline in the British pound.
WSJ   |   Thu, 13 Oct 2016 20:17:02

From Marmite to bananas: how sterling swings will affect prices

Prices of everyday items including clothing, wine, bread and fruit are expected to come under increasing pressure as Brexit nears The row over Marmite has highlighted the sensitivity of the price of everyday items to fluctuations in the value of the pound. A whole basket of goods are expected to ...
Sarah Butler / Guardian   |   Thu, 13 Oct 2016 19:04:16

The Guardian view on the Brexit debate: parliament must be heard | Editorial

The decision to leave Europe was decided by popular vote, but that doesn't squeeze parliament out of the picture Marmite wars, reports of a multibillion pound divorce settlement, a surge in hate crime and a legal action testing the government's use of the prerogative to start the process of leaving ...
Editorial / Guardian   |   Thu, 13 Oct 2016 18:45:06

Brexit: Pound's plunge = ice cream shortages

The U.K.'s top supermarket chain has pulled Ben & Jerry's ice cream and Marmite spread from its online store amid a dispute with supplier Unilever over who should bear the cost of the plummeting pound.
CNN   |   Thu, 13 Oct 2016 18:34:43

Standard & Poor's warns on UK reserve currency status as Brexit hardens

Telegraph   |   Thu, 13 Oct 2016 18:25:41

Brexit Faces Legal Challenge in U.K. High Court

The main legal challenge over Brexit kicked off in a packed courtroom, as pressure mounted on the government to give lawmakers a vote on how the U.K.'s withdrawal from the EU will be carried out.
WSJ   |   Thu, 13 Oct 2016 18:10:40

Unilever and Tesco resolve Brexit price rise row - as it happened

Dispute over price increases on Marmite, Dove, Pot Noodles and Ben & Jerry's icecream is over! Latest: Unilever says price dispute is resolved Tesco: Glad it's all over Earlier: Experts predict price rises in 2017 EC President Tusk: It's hard Brexit or no Brexit No love for Unilever in Marmite's ...
Graeme Wearden / Guardian   |   Thu, 13 Oct 2016 18:06:21

Pound to be driven on 'hard' vs "soft" - BTMU

Analysts at Bank of Tokyo Mitsubishi explained that the pound is likely to continue being driven by sentiment over 'Hard' versus 'Soft' Brexit over th
Ross J Burland / FX Street   |   Thu, 13 Oct 2016 17:19:40

'Hard Brexit' or stay in EU, Tusk tells UK

Idea that Britain can retain benefits after leaving is 'pure illusion', says European Council chief
FT   |   Thu, 13 Oct 2016 17:11:19

A Spike in Hate Crimes After Brexit

NEWS BRIEF England and Wales saw a sharp rise in hate crimes since the United Kingdom voted in a historic referendum to leave the European Union, a report by the U.K. Home Office revealed Thursday. Police in England and Wales recorded 62,518 hate crimes between 2015 and 2016-a 19 percent ...
Yasmeen Serhan / The Atlantic   |   Thu, 13 Oct 2016 16:20:14

Food Fight: Unilever, Tesco in Brexit Face Off Over Pricing

Grocer Tesco's refusal to pay Unilever's higher prices for its foodstuffs pits two of Britain's business titans-and two of the world's biggest companies-against each other in a high-profile spat.
WSJ   |   Thu, 13 Oct 2016 15:48:52

Brits are paying more for things they love after Brexit vote

U.K. shoppers are paying more for wine, food, gadgets, vacations and even fuel thanks to a huge slump in the value of the pound.
CNN   |   Thu, 13 Oct 2016 15:43:43

Brits are paying more after Brexit vote

U.K. shoppers are paying more for wine, food, gadgets, vacations and even fuel thanks to a huge slump in the value of the pound.
CNN   |   Thu, 13 Oct 2016 15:37:52

Weak pound prompts price punch-up between Tesco and Unilever

Top UK retailer Tesco is facing off with consumer goods producer Unilever over price rises prompted by the weak pound following the Brexit vote.
euronews   |   Thu, 13 Oct 2016 15:37:09

Wine, vacations, gadgets: Brits are paying more after Brexit vote

U.K. shoppers are paying more for wine, food, gadgets, vacations and even fuel thanks to a huge slump in the value of the pound.
CNN   |   Thu, 13 Oct 2016 15:32:27

Brexit stole breakfast as Tesco copes with Marmite shortage

The Brexit vote has led to a fall in the British pound and that's affecting the prices of goods. How will those expenses will be passed along to U.K. grocers already locked in fierce competition
Matthew Boyle and Paul Jarvis, Bloomberg News / Financial Post   |   Thu, 13 Oct 2016 15:30:27

Higher FX margin rates could be sign of things to come

Higher margin requirements imposed in the run-up to the Brexit referendum could be a sign of things to come as the FX market digests the impact of reduced leverage
Euromoney   |   Thu, 13 Oct 2016 15:30:00

Brexit: A Rosy Scenario

The tumbling pound signifies a widely held belief that the UK's impending break with the European Union is more bad news than good for the British economy. Evidence is already visible on Tesco's website, where a number of Unilever's familiar brands are unavailable in a tussle over who eats the ...
Kevin O'Marah, Contributor / Forbes   |   Thu, 13 Oct 2016 15:26:00

Brexit Britain: what went wrong and what next? Panel 3

A discussion on why Britain voted for Brexit and what radical remainers should do now. (Video, 45 mins). Organised by openDemocracy, Another Europe Is Possible, Democracy in Europe 2025, and the LSE Civil Society and Human Security Research Unit.Panel 3 featuring:Amelia Womack, deputy leader of the Green PartyMichael Chessum, Momentum ...
Open Democracy   |   Thu, 13 Oct 2016 15:15:08

Scotland Floats New Referendum to Leave the U.K. Due to Brexit

Nicola Sturgeon announced plans for a new independence referendum bill Thursday.
Curt Mills / U.S. News   |   Thu, 13 Oct 2016 15:14:13

Little sympathy for Unilever in town where Marmite is made

People in Burton upon Trent, where the world's supply of Marmite is made, say Brexit is just an excuse to raise prices People in the town where Marmite is made accused the product's multinational owner company of "bully boy tactics" and using the weak pound as a smokescreen to raise ...
Nazia Parveen North of England correspondent / Guardian   |   Thu, 13 Oct 2016 15:08:30

U.S. Equity Market Breaks Key Support Line

This broad gauge of the equity market (among others) has snapped its post-February uptrend line.The 2 signature events in the U.S. stock market thus far in 2016 are: 1) the post-February rally, and 2) the January-February plunge (in order of importance). A distant 3rd would be the Brexit affair.... Please ...
EconMatters Global   |   Thu, 13 Oct 2016 15:00:00

Brexit fears send pound tumbling - Politics Weekly podcast

Heather Stewart hears from Vince Cable, Larry Elliott, Catherine Colebrook and Rafael Behr on Brexit and the tumbling value of the pound. Plus Ed Miliband on parliament's role in Brexit and Labour MP Chi Onwurah on the party's reshuffle The value of the pound nose-dived to its lowest level in ...
Presented by Heather Stewart with Rafael Behr, Catherine Colebrook and Larry Elliott and produced by Phil Maynard / Guardian   |   Thu, 13 Oct 2016 14:57:47

Accounting News Roundup: Brexit Driving KPMG Promotions in UK and Wells Fargo's New CEO | 10.13.16

KPMG UK If you're an ambitious Klynveldian and you don't see any opportunity around you, consider the old world as your next stop.
Going Concern   |   Thu, 13 Oct 2016 14:26:29

From 'Bouleversé' To 'Malfaisance': A Continuing Tale Of Brexit

It is hard to describe the sense of disorientation and loss of identity some of us who are British and could not have ever imagined the EU referendum result have been feeling, since the vote in June. I came across a blog post written recently by an ex-journalist and a ...
Dina Medland, Contributor / Forbes   |   Thu, 13 Oct 2016 13:53:00

Tesco in Brexit Pricing Spat With Unilever

Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsTesco in Brexit Pricing Spat With Unilever Tesco, Britain's largest grocer, pulled products made by Unilever PLC from its online shopping site because ...
WSJ   |   Thu, 13 Oct 2016 13:52:52

More graduates 'bad for UK economy', plus TSB and Lloyds slash interest rates

Also, housing market 'settling down' after Brexit vote, and hajj pilgrims cheated by tour operators Hello and welcome to this week's Money Talks - a roundup of the week's biggest stories and some things you may have missed. Continue reading...
Shane Hickey / Guardian   |   Thu, 13 Oct 2016 13:51:44

Brexit's Hard Pounding

The slump in the pound has-how can I put it-attracted some attention in recent days, and has put a spring in the step of those who want to talk Brexit down. The Financial Times, long something of a Brussels Pravda, has rather relished pointing out that sterling had now hit ...
National Review   |   Thu, 13 Oct 2016 13:04:34

Love or hate it: Marmite becomes symbol of Brexit impact

LONDON (AP) - Philip Walker spreads Marmite on his daily crumpet and stockpiles jars of the yeast spread. He's a fan, and he's upset at plans to raise the price of this icon of the British breakfast table.
Associated Press   |   Thu, 13 Oct 2016 12:56:00

Government refuses to rule out £18bn Brexit 'divorce bill'

Downing Street, however, declines to be drawn on estimates for Britain's ongoing EU payment liabilities Downing Street has refused to rule out the possibility of the UK continuing to pay budget contributions to the EU after Britain's departure from the bloc, as analysis suggested the country could face a €20bn ...
Jessica Elgot and Patrick Wintour / Guardian   |   Thu, 13 Oct 2016 12:45:28

Lord Wolfson warns against isolationist Brexit course

Chief executive of Next says UK will be 'finished' if government fails to build an open and global-facing economy Lord Wolfson, the chief executive of Next and prominent leave campaigner, has warned the British economy will be if the government pursues an isolationist Brexit course. The Conservative peer told the ...
Phillip Inman and agency / Guardian   |   Thu, 13 Oct 2016 12:42:11

High Court Hears UK Constitutional Challenge

The UK decision to leave the EU has been both a political and economic shock. The near-term focus now shifts to the constitutional crisis that has ensued. The key issue is what role does parliament have, and it is crucial because the House of Commons is less enthusiastic about Brexit. ...
Marc to Market   |   Thu, 13 Oct 2016 12:40:45

With the great Marmite war, the reality of Brexit has started to bite | Polly Toynbee

Every passing day shows how disastrous a referendum can be. The real-world effects of leaving the EU begin to hit home and politics enters new territories When Marmite and PG Tips enter the Brexit wars, reality starts to bite - and sooner than expected. As David Davis was on his ...
Polly Toynbee / Guardian   |   Thu, 13 Oct 2016 12:00:57

Brexit Britain: what went wrong and what next? Panel 2

A discussion on why Britain voted for Brexit and what radical remainers should do now. (Video, 70 mins). Organised by openDemocracy, Another Europe Is Possible, Democracy in Europe 2025, and the LSE Civil Society and Human Security Research Unit.Panel 2 featuring:Marina Prentoulis, Another Europe is Possible, Syriza LondonSrecko Horvat, philosopher, ...
Open Democracy   |   Thu, 13 Oct 2016 11:39:54

Johnson: Brexit doom-mongers wrong

Foreign Secretary Boris Johnson promises those who "prophesied doom" over Brexit will be proved wrong, with the UK getting a better deal with EU countries.
BBC   |   Thu, 13 Oct 2016 10:50:11

Second Scottish referendum bill to be published

Nicola Sturgeon warns Theresa May that SNP MPs in Westminster will vote against Brexit bill
FT   |   Thu, 13 Oct 2016 10:47:38

Brexit share trading lifts Hargreaves Lansdown

Shares in fund supermarket and online broker fall on net fund outflows
FT   |   Thu, 13 Oct 2016 10:46:29

Boris Johnson: 'We are leaving the EU, not Europe'

Appearing before the Foreign Affairs Committee, Foreign Secretary Boris Johnson insists that Brexit will prove beneficial to the UK.
BBC   |   Thu, 13 Oct 2016 10:46:06

Tesco price row: Unilever CFO defends cost hike against Brexit backdrop

As parts of the UK are left without Marmite, Graeme Pitkethly says charging more for brands to offset rising costs is 'normal' Unilever's chief financial officer has defended the company in its row with Tesco over price rises for household brands ranging from Marmite to Persil, describing the increases as ...
Julia Kollewe / Guardian   |   Thu, 13 Oct 2016 10:41:01

UK hate crimes surge 41% after Brexit vote

Reported offences more than two-fifths higher in July than same time last year
FT   |   Thu, 13 Oct 2016 10:38:17

Tesco pulls Unilever goods in Brexit row after pound plunges

One of the most vivid signs to date of how leaving the EU could hurt consumers
James Davey and Martinne Geller / Globe and Mail   |   Thu, 13 Oct 2016 10:31:40

Louis Vuitton handbags 'cheapest in London' after Brexit vote

According to Deloitte, the UK has the most affordable luxury goods market in the world due to the Brexit-linked fall in the pound
BBC   |   Thu, 13 Oct 2016 10:16:14

Stocks: 7 things to know before the U.S. open

Brexit price row; Stumpf out; China export pain
CNN   |   Thu, 13 Oct 2016 09:27:41

Stocks: 7 things to know before the bell

Brexit price row; Stumpf out; China export pain
CNN   |   Thu, 13 Oct 2016 09:27:25

£20 Billion Brexit Bill Awaiting UK Taxpayer

Britain is facing a divorce bill from the EU for as much as 20 billion euros ($22 billion), according to a Financial Times analysis that shows the bloc's shared budget is emerging as one of the biggest political obstacles to a Brexit deal. More than 300 billion euros of shared ...
OANDA   |   Thu, 13 Oct 2016 09:25:12

UK's biggest retailer is running out of Ben & Jerry's - is Brexit to blame?

The stock levels at the largest UK grocer are missing a number of Unilever products, in a row over price rises blamed on Brexit and the falling value of sterling. According to media reports in the UK some key Unilever products are already missing from the retailer's website including Marmite ...
CNBC / South China Morning Post   |   Thu, 13 Oct 2016 09:15:30

Unilever Defends Brexit Price Rises After Tesco Spat

Unilever defended its stance in a pricing dispute with Tesco as it reported a slowdown in third-quarter revenue growth amid fierce competition and currency devaluation.
WSJ   |   Thu, 13 Oct 2016 09:14:02

Tesco And Unilever's Great Marmite Con-Job Over Brexit

A most amusing story from Britain today--various brands, including the iconic Marmite, are running out in various Tesco stores as a result of Unilever, the producer, insisting on a price rise to deal with the slump in sterling following the Brexit vote. At one level the amusement is just about ...
Tim Worstall, Contributor / Forbes   |   Thu, 13 Oct 2016 09:13:00

German trade bodies back Angela Merkel's tough stance over Brexit

Two of largest business associations say letting UK opt out of aspects of free movement could endanger EU Two of the largest German trade associations have come out in support of Angela Merkel taking a firm stance during negotiations over Britain's exit from the European Union, even if it comes ...
Philip Oltermann in Berlin / Guardian   |   Thu, 13 Oct 2016 09:02:47

UK's Johnson on Brexit: Aiming for deal that will be of 'greater value'

UK Foreign Minister Boris Johnson is on the wires now, via Bloomberg, making a scheduled speech at his first appearance before MPs on Foreign Affairs
Dhwani Mehta / FX Street   |   Thu, 13 Oct 2016 08:59:07

Britain will get stuck with an £18 billion Brexit 'divorce' bill

Britain faces a "divorce bill" of as much as £18 billion (€20 billion) when the country eventually leaves the European Union thanks to its commitments to huge numbers of shared payments with the other 27 nations in the bloc. According to an analysis carried out by the Financial Times, Britain ...
Business Insider   |   Thu, 13 Oct 2016 08:55:29

UK House Prices Weather Brexit Shock but London Falls Again

British house prices rose for a second month in September and enquiries from buyers picked up for the first time since February, suggesting the housing market has weathered the initial shock of the Brexit vote, a survey showed. But prices in London fell again due to uncertainty about what the ...
OANDA   |   Thu, 13 Oct 2016 08:54:25

Housing market 'settling down' after Brexit vote jitters, say surveyors

Rics September report finds 'significant turnaround' in new buyer inquiries compared with June Demand from homebuyers has risen for the first time since February, in a sign that the market is 'settling down' after the EU referendum, surveyors have said. However, the number of people putting their homes on the ...
Hilary Osborne / Guardian   |   Thu, 13 Oct 2016 08:49:03

Protesters outside UK court ahead of Brexit lawsuit

Demonstrators have gathered outside of Britain's High Court in advance of a critical hearing on whether the government has the power to trigger Britain's exit from the European Union without an act of Parliament
U.S. News   |   Thu, 13 Oct 2016 08:40:29

Brexit Faces Legal Challenge in U.K. High Court

The main legal challenge to the process of Brexit is opening in the U.K. High Court, as pressure mounts on the government to give lawmakers the opportunity to vote on how Britain's withdrawal from the EU is carried out.
WSJ   |   Thu, 13 Oct 2016 08:29:41

Sturgeon Can't Use Hard Brexit To Reignite Scottish Independence Claims

One of the more ridiculous claims floating around British politics is that if the United Kingdom moves to a hard, or clean, Brexit then Scotland will move to independence and thus become part of the EU again. It's a superficially interesting claim but the reason that it's ridiculous is that ...
Tim Worstall, Contributor / Forbes   |   Thu, 13 Oct 2016 08:27:00

The Brexit Conundrum - Freedom Of Movement Means Only Hard, Or Clean, Brexit Is Possible

The negotiating lines from the Continent are becoming much clearer. The essential statement is that membership of, or any form of privileged access to, the Single Market will require that Britain accept full freedom of movement for all European Union citizens. Given that this is the one thing which swung ...
Tim Worstall, Contributor / Forbes   |   Thu, 13 Oct 2016 08:12:10

Hargreaves Lansdown client deals jumped 49% after Brexit vote

Stockbroking firm Hargreaves Lansdown Plc (LON:HL.) revealed a Brexit boost, with the volatility sparking heighted dealing activity among its clients. The number of client initiated deals jumped by 49% in the three months following the EU referendum. The tally amounted to 1.03mln deals, compared to 691,000 in the same period ...
Proactive Investors   |   Thu, 13 Oct 2016 08:07:00

The Great Marmite shortage

A heart-wrenching dispatch from our correspondent in the post-Brexit future
FT   |   Thu, 13 Oct 2016 08:06:24

Scotland is trapped in a zombie union

In a UK wracked by Brexit uncertainty, the Scottish National Party must decide if the time is right for independence.
Al Jazeera   |   Thu, 13 Oct 2016 07:57:23

UK retailer running out of Ben & Jerry's?

The stock levels at the largest U.K. grocer are missing a number of Unilever products, in a row over price rises blamed on Brexit.
CNBC   |   Thu, 13 Oct 2016 07:56:00

Tesco, Unilever in Brexit pricing spat

Seeking Alpha / Seeking Alpha   |   Thu, 13 Oct 2016 07:28:27

Brexit: Gina Miller says she has a strong case in court

Gina Miller, who among others, is seeking a judicial review of the government's intention to invoke Article 50 of the Lisbon Treaty, says she believes she has a strong case.
BBC   |   Thu, 13 Oct 2016 07:23:16

New York best placed to benefit from lost City business, says Cunliffe

New York is better placed than major European financial centres to benefit from any loss of business in the City of London as a result of Brexit, a deputy governor of the Bank of England has said.
Here Is The City   |   Thu, 13 Oct 2016 07:16:37

Tesco stops selling some of Britain's most famous brands in a fight over Brexit costs

Supermarket giant Tesco has stopped selling some of Britain's most famous brands in a massive dispute with its biggest supplier, Unilever, over rising costs due to the fallout from Brexit, according to various media reports. Unilever supplies Tesco with Marmite, PG Tips tea, Hellmann's mayonnaise, Ben & Jerry's ice cream, ...
Business Insider   |   Thu, 13 Oct 2016 07:10:40

Pound fall below $1.22 as Brexit sparks Marmite price row - business live

Sterling remains close to all-time lows, as weak currency sparks row between Tesco and Unilever 8.03am BST Britain, a nation of Marmite stockpilers? Only two jars of Marmite left this morning. #marmitewatch Tesco is running out of Marmite and Persil. It's all gone a bit 1970s 'winter of discontent'. 7.49am ...
Graeme Wearden / Guardian   |   Thu, 13 Oct 2016 07:03:36

Tesco pulls Unilever goods from website over price row

LONDON - Tesco, Britain's biggest grocery chain, has pulled dozens of Unilever brand products from its website after a disagreement over prices in the wake of a partly Brexit-driven slump in the British currency.
Bangkok Post   |   Thu, 13 Oct 2016 06:59:00

Britain facing £18 billion Brexit 'divorce bill'

Laura Hughes / Telegraph   |   Thu, 13 Oct 2016 06:57:25

Tesco pulls Marmite from online store amid Brexit price row with Unilever

Peter Dominiczak / Telegraph   |   Thu, 13 Oct 2016 06:52:48

Pound drops further after Davis hints UK could leave single market

A brief rally in the pound was quickly reversed on Wednesday after the government refused to make tariff-free access to the European Union's single market a red line in Brexit negotiations with Brussels.
Here Is The City   |   Thu, 13 Oct 2016 06:29:44

10 things you need to know before European markets open

Good morning! Here's what you need to know. The legal challenge to triggering Article 50 starts today. The battle over Brexit reaches the High Court on Thursday in a legal challenge to Prime Minister Theresa May's right to start negotiations for Britain to leave the European Union. Lloyds is cutting ...
Business Insider   |   Thu, 13 Oct 2016 05:56:43

Scottish leader Nicola Sturgeon says UK Tories are using Brexit as 'licence for xenophobia'

Scotland's pro-EU leader Nicola Sturgeon, will on Thursday accuse the British government of and "scapegoating of foreigners" in its approach to Brexit, according to comments released by her office. First Minister Sturgeon has been a vocal critic of London's handling of the June 23 referendum which saw Britain vote to ...
Agence France-Presse / South China Morning Post   |   Thu, 13 Oct 2016 05:53:16

Dueling protests as Brexit battle goes to UK's High Court

LONDON (AP) - Rival protesters gathered Thursday outside the High Court in London, where lawyers battled over whether the government has the power to trigger Britain's exit from the European Union without approval from Parliament.
Associated Press   |   Thu, 13 Oct 2016 05:50:00

UK faces $22 billion Brexit divorce bill

Britain is facing a divorce bill from the EU for as much as 20 billion euros, according to a Financial Times analysis.
CNBC   |   Thu, 13 Oct 2016 05:42:00

Newspaper review: Marmite row, Brexit battles and Star Wars fine

Tesco's row with supplier Unilever over the cost of brands such as Marmite, and a fine for a Star Wars production firm after an injury to Harrison Ford are among the stories in the day's papers.
BBC   |   Thu, 13 Oct 2016 05:10:11

Energy shares weigh down Asian bourses

Pound fails to rise back above $1.22 amid persisting Brexit fears
FT   |   Thu, 13 Oct 2016 04:20:55

Brexit battle reaches U.K.'s high court in challenge to PM

The battle over Brexit reaches the High Court on Thursday in a legal challenge to Prime Minister Theresa May's right to start negotiations for Britain to leave the European Union. The case was launched in the aftermath of Britain's June 23 referendum which saw 52 percent of Britons vote to ...
Japan Times   |   Thu, 13 Oct 2016 03:40:28

Macquarie: Premature to say the worst is behind the pound

The UK is leaving the European Union regardless of a soft or hard Brexit and neither bodes well for the pound, says Gareth Berry from Macquarie.
CNBC   |   Thu, 13 Oct 2016 03:10:00

Brexit: High Court to hear challenge to Article 50 strategy

A legal challenge to the government's right to begin the official process of Brexit without parliamentary approval gets under way on Thursday.
BBC   |   Thu, 13 Oct 2016 03:09:12

Pound steadies after recent slump

The pound recovers some of its recent losses, with analysts attributing the gains to the promise of a Commons debate on the Brexit process.
BBC   |   Thu, 13 Oct 2016 01:25:29

Tesco in Brexit Pricing Spat With Unilever

Tesco, Britain's largest grocer, pulled products made by Unilever from its online shopping site because of a dispute over pricing in the wake of the pound's sharp descent, according to a person familiar with the matter.
WSJ   |   Thu, 13 Oct 2016 01:17:10

Newspaper review: Marmite row, Brexit battles and Star Wars fine

Tesco's row with supplier Unilever over the cost of brands such as Marmite, and a fine for a Star Wars production firm after an injury to Harrison Ford are among the stories in the day's papers.
BBC   |   Wed, 12 Oct 2016 23:14:29

Sturgeon to open SNP conference with 'hard Brexit' pledge

Nicola Sturgeon is to open the SNP conference by pledging to lead the fight against a "hard Brexit" across the UK.
BBC   |   Wed, 12 Oct 2016 23:01:50

Nicola Sturgeon accuses Tory Right wing of using Brexit as 'licence for xenophobia'

Simon Johnson / Telegraph   |   Wed, 12 Oct 2016 23:01:00

Home buyers 'back after Brexit jitters'

Demand among home buyers has seen a modest recovery following jitters", according to surveyors.
BBC   |   Wed, 12 Oct 2016 23:00:56

UK is going down the 'Italian path': Expert

Expect a further weakening in the British pound as Brexit negotiations wear on, says Axel Merk, CIO at Merk Investments.
CNBC   |   Wed, 12 Oct 2016 22:50:00

Hard Brexit fears push down pound and worry UK businesses

Business Line focuses on the concerns that the kind of Brexit the UK government choses will cause major problems for companies.
euronews   |   Wed, 12 Oct 2016 21:09:15

Federal Reserve minutes show close call on September interest rate hike

Three central bankers voted in favor of increasing rates amid easing risks of Brexit but experts still expect only one hike this year, after December meeting The Federal Reserve's decision not to increase rates in September was a close call, the minutes released on Wednesday show. When the Federal Open ...
Jana Kasperkevic in New York / Guardian   |   Wed, 12 Oct 2016 20:45:45

Pound falls back as Davis says government cannot outline Brexit aims in detail - as it happened

Sterling is close to its lowest level ever, as government insists it can't give any detail about its Brexit strategy yet Latest: Unilever and Tesco fall out over weak pound Pound falls back below $1.22 as David Davis speaks Trade-weighted sterling hit record low last night Summary: Bank of England ...
Graeme Wearden and Nick Fletcher / Guardian   |   Wed, 12 Oct 2016 19:33:08

Theresa May dismisses Jeremy Corbyn's Brexit 'shambles' claim

Theresa May rejects a claim by Jeremy Corbyn that she is overseeing a "shambolic Tory Brexit", instead promising an deal for the UK.
BBC   |   Wed, 12 Oct 2016 19:04:02

Why should Britain pay for Brexit divorce?

EU officials say UK is on the hook for past spending commitments
FT   |   Wed, 12 Oct 2016 18:39:08

Pound drops further after Davis hints UK could leave single market

Investors sold the pound after Brexit minister told MPs it was 'not black or white' whether the UK would stay in single market A brief rally in the pound was quickly reversed on Wednesday after the government refused to make tariff-free access to the European Union's single market a red ...
Phillip Inman Economics correspondent / Guardian   |   Wed, 12 Oct 2016 18:23:14

New York best placed to benefit from lost City business, says Cunliffe

Bank of England deputy governor says it is unlikely any EU rival could replicate services offered by UK financial services industry Pound falls back as government says it cannot outline Brexit aims in detail New York is better placed than major European financial centres to benefit from any loss of ...
Jill Treanor / Guardian   |   Wed, 12 Oct 2016 18:20:30

GBP/JPY: bulls back in charge, not just Brexit, supported by DXY

GBP/JPY has made a come back with action through GBP/USD and the media's interpretation of the outcome of yesterday's news on PM's May's
Ross J Burland / FX Street   |   Wed, 12 Oct 2016 17:31:01

Brexit & Beyond: Parliament Won't Get Brexit Vote; Pound Makes History

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 Conservative Party Leader and Prime Minister Theresa May addresses delegates at the Conservative Party Conference in Birmingham, ...
MoneyBeat   |   Wed, 12 Oct 2016 17:17:36

The pound's longer, sharper Brexit shock

Sterling's sharp sell-off represents a challenge by forex markets to the UK government
FT   |   Wed, 12 Oct 2016 17:14:35

GBP: Consequences of the devaluation - BBH

According to analysts from Brown Brother Harriman, the sharp decline in the pound after the Brexit referendum has significant impacts on the UK...
Matías Salord / FX Street   |   Wed, 12 Oct 2016 16:42:36

GBP/USD: "dust-masks' at the ready, very volatile on Brexit frenzy

GBP/USD has been quite a show again this week with two way, or even four-way business having met lows at 1.2088, rallying hard in the PM May hard-Brex
Ross J Burland / FX Street   |   Wed, 12 Oct 2016 16:21:29

Pound steadies after recent slump

The pound recovers some of its recent losses, with analysts attributing the gains to the promise of a Commons debate on the Brexit process.
BBC   |   Wed, 12 Oct 2016 16:17:48

US Election 2016: Marketing the Next President

Will Jellicoe, the7stars The so called experts believed we wouldn't (and shouldn't) vote for Brexit. It happened and the country quickly realised something that marketers have known for a long time - an emotional message can be more persuasive than rational reasoning. As American's prepare to vote for their 45 ...
HuffingtonPost   |   Wed, 12 Oct 2016 16:12:09

Housebuilders report post-Brexit bounce

Strong trading counters fears of a slowdown after EU referendum
FT   |   Wed, 12 Oct 2016 16:11:33

Pound rebounds ahead of parliament Brexit debate

(ChinaPost.com.tw) - The British pound recovered Wednesday ahead of a parliamentary debate on Brexit, while Samsung faced further pressure after a major profits warning caused by its smartphone crisis.
The China Post   |   Wed, 12 Oct 2016 16:09:00

Brexit Minister Says UK Will Keep Details of EU Talks to Itself

The Irish Times.
The Irish Times. / World Affairs   |   Wed, 12 Oct 2016 15:26:10

British Shoppers to Expect Steep Fall in Pound and Rising Prices After Brexit Vote

The Guardian. England.
The Guardian. England. / World Affairs   |   Wed, 12 Oct 2016 15:22:56

Louis Vuitton handbags 'cheapest in London' after Brexit vote

According to Deloitte, the UK has the most affordable luxury goods market in the world due to the Brexit-liked fall in the pound
BBC   |   Wed, 12 Oct 2016 15:16:25

For Sterling Credit, Brexit Trumps Bank of England

Investors are selling U.K. corporate credit, the latest sign of investors' worries about the effects of Britain's June vote to leave the European Union.
WSJ   |   Wed, 12 Oct 2016 15:13:54

Will Parliament get a vote on Brexit deal?

Reality Check investigates whether Parliament will get to vote on plans for Brexit.
BBC   |   Wed, 12 Oct 2016 14:10:01

BoE deputy chief sees more pound volatility

Cunliffe says buffeting will continue amid Brexit uncertainty
FT   |   Wed, 12 Oct 2016 13:56:35

British shoppers told to expect price rises after steep fall in pound

Former Sainsbury's boss Justin King says retailers will need to pass on to UK consumers the cost of importing goods British shoppers should expect inflation to push up prices following the steep fall in the pound since the Brexit vote, the former boss of Sainsbury's has said. Justin King said ...
Phillip Inman Economics correspondent / Guardian   |   Wed, 12 Oct 2016 13:25:27

UK lawmakers press government for vote on Brexit talks

LONDON (AP) - British lawmakers pressured the Conservative government Wednesday to give Parliament a vote on the negotiating terms for the U.K.'s exit from the European Union, as uncertainty about what kind of deal the U.K. is seeking with the EU rattles business leaders and currency markets.
Associated Press   |   Wed, 12 Oct 2016 12:55:00

Theresa May is in for a running battle with MPs over Brexit after trying to freeze them out

Asa Bennett / Telegraph   |   Wed, 12 Oct 2016 12:40:48

May rejects vote for MPs on Brexit strategy

Downing Street concerned that UK should not disclose negotiating strategy
FT   |   Wed, 12 Oct 2016 12:30:45

Sterling firms as May offers scrutiny on Brexit, dollar buoyant

This came as British Prime Minister Theresa May's offer to give lawmakers some scrutiny of the process to leave the EU.
CNBC   |   Wed, 12 Oct 2016 12:24:00

Parliament must be at the heart of Brexit

British MPs need the opportunity to have a say on leaving the EU, writes Sebastian Payne
FT   |   Wed, 12 Oct 2016 12:23:53

Financial sector job loss warning over Brexit

Top international bankers warn they could start moving staff out of Britain by next year if there's no clarity on UK access to the EU single market.
euronews   |   Wed, 12 Oct 2016 11:55:31

UK lawmakers press govt for say over Brexit talks with EU

British lawmakers are pressuring the government to give them a say on negotiating terms for the U.K.'s exit from the European Union
U.S. News   |   Wed, 12 Oct 2016 11:23:54