Brexit News Archive: 16 Dec 2016

Brexit dashes the euro's reserve-currency hopes

John Dizard on the strange fallout from the loss of London-centric euro clearing
FT   |   Fri, 16 Dec 2016 20:01:54

Swiss and Danish travails show way ahead for Brexit talks

Creative solutions are possible but EU refuses to compromise on legal principles
FT   |   Fri, 16 Dec 2016 19:20:03

Sterling slips against dollar for a second week

LONDON, Dec 16- Sterling traded close to a three-week low against the dollar on Friday, recording a second week of losses against a greenback that has risen sharply on expectations for a increase in U.S. interest rates. Sterling- already weak because of Brexit concerns- skidded along with other currencies, hitting ...
CNBC   |   Fri, 16 Dec 2016 16:45:00

EU divisions could help 'lonely' May in Brexit negotiations

The complex EU political system could give the upper hand to U.K.'s May as both sides prepare for exit negotiations.
CNBC   |   Fri, 16 Dec 2016 14:02:00

EU agrees on approach to Brexit talks, PM May left out in cold

European Union leaders agreed their plan for Brexit negotiations on Dec. 15, pledging to move swiftly and stick together to ensure Britain does not cherry pick a sweet deal that might inspire others to unstitch the bloc.
Hurriyet   |   Fri, 16 Dec 2016 13:31:09

May is faced with the uncomfortable Brexit reality

Without a transition deal, divorce will not be smooth or orderly, writes Anton Spisak
FT   |   Fri, 16 Dec 2016 13:02:37

Will Populism Kill Your Jetpack?

What a difference a month makes. Like Brexit before it, the shock victory of Donald Trump in the U.S. presidential election has not only upended the political order in the short term, but it has also re-routed the types of technological futures that America might now get. On the road ...
Georgina Voss / The Atlantic   |   Fri, 16 Dec 2016 11:30:00

Sterling trades close to 3-week low vs surging dollar

LONDON, Dec 16- Sterling traded close to a three-week low against the dollar on Friday and was on track for a second week of losses, weakened by the greenback's sharp rise on expectations for a increase in U.S. interest rates. Sterling- already wekane because of Brexit concerns- skidded along with ...
CNBC   |   Fri, 16 Dec 2016 10:28:00

Ireland Rules Out Bilateral Deal With U.K. for Brexit

Ireland's government has ruled out a bilateral agreement with the U.K. that would govern their relationship after the latter departs the European Union.
WSJ   |   Fri, 16 Dec 2016 10:26:16

UK naive to expect EU trade deal in two years, Germany says

Home affairs spokesman Stephan Mayer sounds more optimistic note over settling rights of citizens living in EU and UK A trade deal between the UK and European Union is unlikely to be negotiated within two years, alongside Brexit negotiations, a German official has said while sounding a cautiously optimistic tone ...
Jamie Grierson / Guardian   |   Fri, 16 Dec 2016 09:10:17

Wine prices set to increase as Brexit sends sterling lower

It's bad news for all British wine lovers: bottle prices are set to increase in 2017.
CNBC   |   Fri, 16 Dec 2016 07:21:00

UK PM May tells EU leaders she wants an early Brexit deal - BBC

BBC News reports headlines from the Irish PM Enda Kenny, noting comments from the UK PM May during the European Council (EC) summit in Brussels. Iris
Dhwani Mehta / FX Street   |   Fri, 16 Dec 2016 06:34:48

Newspaper headlines: Brexit forecast, Corbyn relaunch, out-of-hours GPs and Christmas bells

A prediction that negotiating Brexit could take 10 years and a relaunch for Labour leader Jeremy Corbyn make headlines.
BBC   |   Fri, 16 Dec 2016 06:09:56

Japanese banks warn of Brexit moves from London - FT

The Financial Times (FT) carrying a story on Friday, citing that the Japanese financial institutions have warned of moving their operations from Londo
Dhwani Mehta / FX Street   |   Fri, 16 Dec 2016 05:53:33

Brexit trade deal with EU could take 10 years, UK envoy to EU says - BBC

A post-Brexit trade deal between Britain and the EU might take 10 years to finalise and could still fail, the UK's ambassador to the bloc has told Prime Minister Theresa May's government, the BBC reported yesterday. Ivan Rogers, Britain's envoy to the EU, warned ministers that the European consensus was ...
Reuters / Times of Malta   |   Fri, 16 Dec 2016 05:43:02

Japanese banks warn of Brexit moves from London

Financial groups suggest relocating functions within months to mainland Europe
FT   |   Fri, 16 Dec 2016 05:23:38

Where should I invest in 2017?

Our experts give their investment outlook on Trump, Brexit, emerging markets and more
FT   |   Fri, 16 Dec 2016 05:01:27

Big leveraged buyouts in Europe suffer sharp drop

Continent's private equity groups uncertain over Brexit vote consequences, says research
FT   |   Fri, 16 Dec 2016 04:31:18

Brexit: Theresa May wants early deal on Britons in EU

Theresa May tells fellow leaders she wants an early deal on what Brexit means for Britons living in the EU.
BBC   |   Fri, 16 Dec 2016 03:19:13

May seeks deal over expats' rights after Brexit

EU leaders make no response to PM's unexpected overture at Brussels summit
FT   |   Fri, 16 Dec 2016 01:36:47

EU Leaders Discuss Brexit Without May

European Union leaders held a brief meeting Thursday without U.K. Prime Minister Theresa May to agree on the division of labor between EU institutions as they choreograph the coming Brexit negotiations.
WSJ   |   Fri, 16 Dec 2016 00:24:18

Newspaper headlines: Putin 'hack' and Brexit 'bill'

The papers say that Vladimir Putin hacked the US presidential election and the UK faces a £50bn bill to leave the European Union.
BBC   |   Fri, 16 Dec 2016 00:03:30

Brexit: EU leaders discuss UK's exit without Theresa May

EU leaders meet without Theresa May amid debate about how long Brexit trade talks will take.
BBC   |   Thu, 15 Dec 2016 22:21:33

Six months after Brexit vote, London is even more of a bargain

In October, the British pound dipped even further, hitting a 31-year low, reports NBC News.
CNBC   |   Thu, 15 Dec 2016 20:14:00

Brexit Battle: The E.U. Argues Over Who Sits At The Table

Two of the E.U.'s major institutions are warring over who will sit at the table across from the U.K. in the upcoming Brexit negotiations.
David Schrieberg, Contributor / Forbes   |   Thu, 15 Dec 2016 18:23:00

May woos EU partners despite Brexit chill

PM promises action on migrants and Russia as UK ambassador warns of 10-year exit
FT   |   Thu, 15 Dec 2016 18:15:44

EU Leaders Meet in Brussels for Talks on Migrants, Defense, Ukraine, Brexit

France 24.
France 24. / World Affairs   |   Thu, 15 Dec 2016 16:26:37

Brexit Deal 'Could Take 10 Years'

BBC.
BBC. / World Affairs   |   Thu, 15 Dec 2016 16:26:04

Pink Panther wafer maker crunched

A brand of pink wafer is under threat due to a "sharp fall" in the value of sterling following Brexit.
BBC   |   Thu, 15 Dec 2016 16:02:54

Big finance can't wait any longer for Brexit plan

Lloyds of London has become the first big U.K. financial institution to publicly outline plans for life after Brexit.
CNN   |   Thu, 15 Dec 2016 15:19:27

Brexit trade deal could take 10 years, says UK's ambassador

A post-Brexit UK-EU trade deal might take 10 years and still ultimately fail, ministers are warned.
BBC   |   Thu, 15 Dec 2016 14:56:26

Migration, Turkey, Syria war and Brexit dominate EU summit

EU leaders have been getting down to business in Brussels - with the migration crisis, Turkey, Russia and Syria among the pressing issues on the agenda.
euronews   |   Thu, 15 Dec 2016 13:46:44

UK interest rates are going nowhere in 2017

Uncertainty about inflation and the impact of article 50 mean growth folllowing Brexit vote is unlikely to last Interest rates are going up in the US, but in the UK they are going nowhere. That, bluntly, was the message from the Bank of England as it announced its latest decision ...
Larry Elliott Economics editor / Guardian   |   Thu, 15 Dec 2016 13:22:56

Brexit, Russia loom over 'minefield' EU summit

European Union leaders grappled with Russia and Brexit at a summit in Brussels on Thursday at the end of one of the most turbulent years in the bloc's history. The 28 leaders are dealing with the migration crisis, sanctions against Moscow over the wars in Ukraine and Syria, and a ...
Japan Times   |   Thu, 15 Dec 2016 12:59:45

Denmark reaches police co-operation deal with EU

Outline compromise on Europol may not be model for UK after Brexit
FT   |   Thu, 15 Dec 2016 12:56:58

Reality check: will it take 10 years to do a UK-EU trade deal post Brexit?

After warning from UK's EU ambassador, we look at whether trade deals are really that tricky and what could derail one Britain's ambassador to the European Union, Sir Ivan Rogers, has said it could take up to 10 years to negotiate a post-Brexit UK-EU trade deal - and even then ...
Jon Henley and Dan Roberts / Guardian   |   Thu, 15 Dec 2016 12:45:53

BoE holds rates steady to cap year of Brexit uncertainty

Central bank says recent sterling strength points to smaller inflation overshoot
Andy Bruce and David Milliken / Globe and Mail   |   Thu, 15 Dec 2016 12:16:10

Brexit: EU leaders to discuss UK's exit without Theresa May

The EU's other 27 leaders are to meet later without Theresa May to discuss Brexit negotiations.
BBC   |   Thu, 15 Dec 2016 12:13:06

The year of the demagogue: how 2016 changed democracy

From Brexit to Donald Trump, this year has seen a thundering repudiation of the status quo
FT   |   Thu, 15 Dec 2016 12:07:32

EU Leaders to Discuss Brexit Without May

European Union leaders are set to gather for a dinner without U.K. Prime Minister Theresa May and agree on the division of labor between EU institutions as they choreograph Brexit negotiations.
WSJ   |   Thu, 15 Dec 2016 12:04:21

Bank of England keeps interest rate on hold

LONDON- The Bank of England has decided to keep its main interest rate at a record low of 0.25 percent as it capped a tumultuous year in wake of the country's decision to leave the European Union. Britain's economy has held up much better so far to a Brexit vote ...
CNBC   |   Thu, 15 Dec 2016 12:04:00

Housing sales to fall in 2017, says CML

Council of Mortgage Lenders revises forecast downwards to 1.17m transactions, as tax changes and Brexit uncertainty bite Fewer people are expected to buy homes in 2017, as tax changes and economic uncertainty resulting from the Brexit decision deter owner-occupiers and landlords. The Council of Mortgage Lenders (CML) said it expected ...
Hilary Osborne / Guardian   |   Thu, 15 Dec 2016 11:55:23

BOE will only think about tightening well into Brexit negotations: Economist

David Owen, chief European economist at Jefferies, discusses potential moves from the Bank of England in the coming months.
CNBC   |   Thu, 15 Dec 2016 11:48:00

Philip Hammond: Japanese banks are concerned about Brexit

Chancellor, on visit to Japan, says he is trying to reassure sector that UK will seek maximum access to European markets Japan's financial sector has about Britain's exit from the European Union, Philip Hammond said on Thursday after he sought to reassure the country's banks that London was striving to ...
Justin McCurry in Tokyo / Guardian   |   Thu, 15 Dec 2016 11:46:34

'Xenophobia' is the word of the year for 2016, says Dictionary.com

Dictionary.com has selected as the 2016 word of the year, citing the anti-immigrant rhetoric of U.S. President-elect Donald Trump and the United Kingdom's Brexit vote to leave the European Union as reasons for its choice. In a news release, the online dictionary said that searches...
Money & Company   |   Mon, 28 Nov 2016 17:25:00

'Xenophobia' Is Dictionary.com's Word Of The Year

There were a lot of surprises to come out of 2016, but being named Dictionary.com's Word of the Year is not one of them. When you consider the rhetoric that galvanized people in this year's Brexit vote and the U.S. presidential race, the proof that is the word that most ...
Huffington Post   |   Mon, 28 Nov 2016 16:12:32

Hans-Werner Sinn: "Europe's Secret Bailout"

From Project Syndicate: MUNICH - While the world worries about Donald Trump, Brexit, and the flow of refugees from Syria and other war-torn countries, the European Central Bank continues to work persistently and below the public radar on its debt-restructuring plan - also known as quantitative easing (QE) - to ...
Climateer Investing   |   Mon, 28 Nov 2016 12:16:00

Europe's Secret Bailout

While the world worries about Donald Trump, Brexit, and refugees, the European Central Bank continues to work below the public radar on its debt-restructuring plan - also known as quantitative easing - to ease the burden on the over-indebted eurozone countries. It's a high-risk operation, especially for Germany and the ...
Project Syndicate   |   Mon, 28 Nov 2016 11:53:56

JD Sports bets on Brexit staycations with Go Outdoors takeover

Telegraph   |   Mon, 28 Nov 2016 10:30:56

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Monday. Prime Minister Theresa May has admitted that negotiating a successful Brexit is proving to be "hugely challenging." In a rare interview with The Sunday Times, May also acknowledged the government needed to organise terms for exiting the EU, ...
Business Insider   |   Mon, 28 Nov 2016 07:01:12

Brexit News Archive: 16 Dec 2016     |     enquire