Brexit News Archive: 31 Oct 2016

Could pollsters be missing hidden Trump voters?

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

Mark Carney to stay as BoE governor until 2019

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

Nissan assurances over Brexit cannot be published, says business secretary

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

UK bank chief stays put through Brexit

CNN   |   Mon, 31 Oct 2016 19:10:29

Bank of England governor staying through Brexit

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

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

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

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

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

Mark Carney will stay as Bank of England governor until 2019

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

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

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

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

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

Capital markets: Has Brexit killed CMU?

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

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

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

Eurozone growth stable as inflation gets boost

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

Reality Check: Brexit questions answered

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

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

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

World's biggest ad firm reports "Brexit anxiety"

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

Students Are Getting Spooked As Brexit Fears Hit University Applications

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

Startling Lack Of Brexit Preparations Amongst UK Firms

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

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

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

Theresa May backs Carney as Bank of England governor

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

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

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

Honda to stay in UK 'for now'

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

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

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

'Brexit anxiety' hits advertising

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

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

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

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

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

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

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

Foreign investors snapped up gilts in September

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

Reports Suggest Carney to Serve Full Term

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

WPP third quarter sales boosted by weak sterling

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

Ad firm WPP warns of 'Brexit anxiety'

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

WSJ City: Carney's Future in Focus, WPP's 'Brexit Anxiety', Bond Market's Kryptonite

Good morning from London. Here's essential reading today from WSJ City. For updates throughout the day, you can download WSJ City for iPhone here or Android here. You'll need to open this email on your mobile device to do this. You can sign up to receive this briefing direct to ...
MoneyBeat   |   Mon, 31 Oct 2016 07:36:30

Mark Carney ​may end speculation about future ​this week

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

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

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

UK businesses record sharp drop in capital finance

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

Tyrie attacks secrecy over Brexit negotiations

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

Mark Carney ​may end speculation about future ​this week

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

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

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

Assessing Why Remain Lost The Brexit Vote

The inital analyses of Britain's vote to leave the EU -- Brexit -- are coming in. They're useful, but they're hardly the full story: they're missing too much history and context.
Ted Bromund, Contributor / Forbes   |   Mon, 31 Oct 2016 00:53:00

Confidence in exports doubles after sterling fall

British companies are upbeat on selling overseas but still worried by Brexit
FT   |   Mon, 31 Oct 2016 00:01:08

BoE's Mark Carney: "Should I stay or should I go now?"

Uncertainty around Brexit and the UK economy intensifies with the conflicting reports regarding Bank of England's Govenor, Mark Carney's, future at th
Ross J Burland / FX Street   |   Sun, 30 Oct 2016 22:31:40

Bank of England Chief Under Pressure to Decide on Job

Bank of England Gov. Mark Carney has come under fire from those who championed Britain's exit from the European Union as he decides how long to stay on the job at a critical juncture for the country.
WSJ   |   Sun, 30 Oct 2016 21:54:55

Carney ready to serve full term at Bank of England

Governor sees role helping economy through Brexit in move that will defy Tory critics
FT   |   Sun, 30 Oct 2016 20:16:02

Scottish independence 'greater threat to financial services industry than Brexit'

Simon Johnson / Telegraph   |   Sun, 30 Oct 2016 18:30:23

EU and Canada sign Ceta free trade deal

Canadian PM Justin Trudeau flies in to sign controversial treaty in Brussels as alarm in UK mounts over complexities of post-Brexit trade deals The EU and Canada signed a free trade deal on Sunday that was almost derailed last week by objections from French-speaking Belgians , exposing the difficulties of ...
Sean Farrell / Guardian   |   Sun, 30 Oct 2016 16:50:09

Language barrier?

BBC Berlin correspondent Damien McGuinness wonders whether the British habit of not saying what they mean may be confusing their EU partners over Brexit.
BBC   |   Sun, 30 Oct 2016 16:36:05

The Rise and Fall of the British Pound

We can see the Brexit event, being a testament and a warning sign for the US and other European countries as to the risks of reversing globalization.
Katina Stefanova, Contributor / Forbes   |   Sun, 30 Oct 2016 14:00:00

Greg Clark: 'UK wants tariff-free trade for car makers'

Business Secretary Greg Clark has said he reassured Nissan that the government would try to negotiate tariff-free trade for car makers with the EU, during Brexit negotiations.
BBC   |   Sun, 30 Oct 2016 13:29:42

5 reasons Trump is not a repeat of Brexit

Comparing the rise of Donald Trump with the shocking Brexit vote in the U.K. is misguided, according to a pair of new reports released on Wednesday.
CNN   |   Sun, 30 Oct 2016 13:16:44

UK seeks Brexit deal with 'no trade tariffs' for car companies - video

The UK business secretary, Greg Clark, speaks to BBC presenter Andrew Marr about the deal struck with car manufacturer Nissan to allay the company's Brexit fears. Clark says he was able to assure Nissan that the government is pursuing a negotiating strategy which would allow car companies to trade in ...
Guardian Staff / Guardian   |   Sun, 30 Oct 2016 13:13:40

UK seeks to shield autos from post-Brexit tariffs

Nissan pledges extended to other carmakers with plants in Britain
FT   |   Sun, 30 Oct 2016 13:13:09

Mark Carney ​may reveal decision to depart in 2018 ​this week

Bank of England governor may use this week's inflation report for announcement amid growing criticism over Brexit role Mark Carney could announce a decision about whether to step down as governor of the Bank of England in 2018 as soon as Thursday, amid a barrage of criticism from Eurosceptic MPs ...
Rowena Mason and Sean Farrell / Guardian   |   Sun, 30 Oct 2016 13:07:15

UK seeking tariff-free EU deal for carmakers, Nissan told

Business secretary Greg Clark sought to allay Brexit concerns and convince company to build next two models in Sunderland Nissan was told the UK was seeking an EU deal that would mean no tariffs for car manufacturers and no bureaucratic impediments to trading, Greg Clark, the business secretary, has revealed. ...
Rowena Mason Deputy political editor / Guardian   |   Sun, 30 Oct 2016 11:44:46

Bank of England governor under pressure to leave

Brexiters who feel Canadian was too supportive of remaining in EU scent blood
FT   |   Sun, 30 Oct 2016 10:53:19

The UK has no choice on 'hard' or 'soft' Brexit

Brexiteers underestimate the level of spite European negotiators are willing to display.
Al Jazeera   |   Sun, 30 Oct 2016 08:49:02

The spectre of stagflation looms over the economy. This time it's scarier than ever

As we near Halloween night, there is a growing sense of foreboding about the economy's prospects next year, even among Brexiters. The one word that is having a chilling effect - stagflation - is best known from its 1970s incarnation, when it wrought havoc throughout the land.
Here Is The City   |   Sun, 30 Oct 2016 07:29:53

UK exporters seek assurances on post-Brexit future

Improved transport infrastructure only one item on UK businesses' long wishlist
FT   |   Sun, 30 Oct 2016 06:15:12

Brexit is a case our conflicted PM shouldn't have taken on

Theresa May should be true to her pre-referendum views - and put our departure from the EU to a parliamentary vote People in high places have been shocked by the ignorance of the leading Brexiters, who are embarked on a course which threatens, unless they are thwarted by our sovereign ...
William Keegan / Guardian   |   Sun, 30 Oct 2016 06:00:01