Brexit News Archive: 17 Mar 2017

Pound's calm faces test as Brexit talks near

Sterling rallies but investors see further trouble brewing
FT   |   Fri, 17 Mar 2017 17:49:58

Housebuilder Berkeley shrugs off Brexit vote to hit profit targets

Berkeley says the housing market in London and the South East has now stabilised since the Brexit vote.
BBC   |   Fri, 17 Mar 2017 09:16:55

German finance minister: 'It's in our own interests to have strong financial centre in London'

LONDON - Germany's finance minister Wolfgang Schäuble, who has previously vowed to take a tough line during Brexit negotiations, says it is in Europe's interest that London remains a "strong" financial centre after it leaves the EU, the BBC reports. Speaking at the Institute of International Finance (IIF) Conference in ...
Business Insider   |   Fri, 17 Mar 2017 09:05:50

Would Scotland chose independence in second referendum?

What has changed since Scotland chose to reject sovereignty in 2014 and how much of a factor is Brexit?
Al Jazeera   |   Fri, 17 Mar 2017 08:31:45

UK's May scotches bid for new independence referendum before Brexit

U.K. prime minister Theresa May has rejected a call for a fresh Scottish independence vote before Brexit completes.
CNBC   |   Fri, 17 Mar 2017 07:46:00

Housebuilder Berkeley sees profits at top-end as London, south-east market stabilises post-Brexit vote

Housebuilder Berkeley Group Holdings PLC (LON:BKG) expects its full-year profits to be at the top-end of analysts expectations and said the housing market in London and the South East has now stabilised, although underlying sale reservations are lower In a trading update for the four months to February 28, the ...
Proactive Investors   |   Fri, 17 Mar 2017 07:39:00

Schaeuble: London should remain a "strong" financial centre after Brexit

The German finance minister has given the City a strong vote of confidence ahead of Brexit negotiations, saying it's in the EU's best interest that London remains a strong financial centre after Brexit.
Here Is The City   |   Fri, 17 Mar 2017 07:29:28

Spain's UK expats face Brexit citizenship dilemma

British passport holders consider switching because Madrid forbids dual nationality
FT   |   Fri, 17 Mar 2017 05:01:25

Sterling's calm faces test as Brexit talks near

Pound rallies, but investors see further trouble building
FT   |   Fri, 17 Mar 2017 04:01:09

British and Scottish leaders in bitter clash over independence vote

British Prime Minister Theresa May ruled out a second Scottish independence vote until after Brexit.
USA Today   |   Fri, 17 Mar 2017 04:00:51

Newspaper headlines: Fallout from May's referendum call

Theresa May ruling out a Scottish independence vote before Brexit is considered on the front pages.
BBC   |   Fri, 17 Mar 2017 00:43:09

Gold Soars Most Since Brexit As Stocks, Bonds Stumble

It seems Yellen's desperate attempt to tell the world that the US economy is doing fantastic BUT not well enough to raise rate more than 3 times appears to have let stocks hope down. Combine that with ECB comments and uncertainty over Trump's budget and the political 'put' rallied as ...
Zero Hedge   |   Thu, 16 Mar 2017 20:04:13

UK PM Rejects Scottish Bid for Independence Referendum

Prime Minister Theresa May rejected Scotland's bid to hold a referendum on independence before the U.K. leaves the European Union, the latest twist in the increasingly acrimonious fight over Brexit with the nationalist government in Edinburgh. While not ruling one out eventually, May's team said they would not even discuss ...
OANDA   |   Thu, 16 Mar 2017 18:05:31

German Finance Minister Schaeuble backs London as strong financial centre

Schaeuble said it is in the European Union's best interest that London remains a strong financial centre after Brexit.
euronews   |   Thu, 16 Mar 2017 16:07:19

GBP/USD neutral-bearish near term - Scotiabank

In view of Chief FX Strategist at Scotiabank Shaun Osborne, Cable's short term outlook remains neutral-bearish. Key Quotes "The Brexit Bill has been
Pablo Piovano / FX Street   |   Thu, 16 Mar 2017 16:01:06

Theresa May Pours Cold Water on Second Scottish Referendum Before Brexit

British Prime Minister Theresa May sent a strong signal that she won't agree to a second referendum on Scottish independence while Britain remains part of the EU.
WSJ   |   Thu, 16 Mar 2017 14:48:28

May rejects Scottish referendum call

British Prime Minister Theresa May has rejected demands for a new Scottish independence referendum, saying "now is not the time" for a vote as Britain prepared to begin Brexit talks.
CNN   |   Thu, 16 Mar 2017 13:56:30

Schaeuble calls for 'strong' City post Brexit

Germany's finance minister wants a Brexit deal in which the City of London remains a global financial force.
BBC   |   Thu, 16 Mar 2017 13:55:49

Is Trump Dragging Down the European Far-Right?

Donald Trump's victory in the U.S. presidential election in November was heralded as the latest in a series of triumphs for the populist right: First there was Brexit, followed by a series of gains for right-wing, anti-immigration parties in Europe. When Italians voted against a referendum backed by Prime Minster ...
David A. Graham / The Atlantic   |   Thu, 16 Mar 2017 13:18:21

Theresa May has blocked a second Scottish independence referendum before Brexit

LONDON - Theresa May has announced her intention to block a second Scottish independence referendum before Britain has left the EU. Scottish First Minister Nicola Sturgeon said on Monday that she intends to call a referendum at some point between Autumn 2018 and Spring 2019, just months before the UK ...
Business Insider   |   Thu, 16 Mar 2017 12:49:54

Gold Surges Most Since Brexit After 'Dovish' Fed Hike

With the focus overnight on the Rutte 'win' despite the surge in populist angst, and headlines from The Fed, PBOC, BoJ, and BoE sending global stocks to record highs, one might be forgiven for not noticing that Gold is surging (most since Brexit) following Janet's decision to raise rates for ...
Zero Hedge   |   Thu, 16 Mar 2017 12:18:26

Bank of England keeps rates low amid Brexit uncertainty

LONDON- The Bank of England has kept its key interest rate at a record-low 0.25 percent to avoid slowing economic growth as Britain prepares to leave the European Union. The Bank of England has signaled it is willing to temporarily ignore its 2 percent inflation target rather than risk stalling ...
CNBC   |   Thu, 16 Mar 2017 12:02:00

Bank of England votes 8-1 to hold interest rate at 0.25 percent

BOE errs on the side of caution until more clarity emerges on the Brexit process.
CNBC   |   Thu, 16 Mar 2017 12:01:00

Toyota to invest in Britain plant despite Brexit

Toyota announced a £240 million ($293 million) investment in a car assembly plant in central England on Thursday, despite uncertainty over Britain's looming exit from the European Union. The auto giant said the fresh funds, which will include £21.3 million from the U.K. government, would be used to update its ...
Japan Times   |   Thu, 16 Mar 2017 11:54:49

Toyota invests £240m in Derbyshire plant - but warns over Brexit tariffs

Japanese carmaker to modernise Burnaston factory with the help of £21.3m from UK government Toyota is to invest £240m into upgrading its car plant in Derbyshire in a major boost for the automotive industry after Britain's vote to leave the EU. The Japanese carmaker will modernise the plant in Burnaston ...
Graham Ruddick / Guardian   |   Thu, 16 Mar 2017 11:10:34

Sterling dips before Bank of England decision

LONDON, March 16- Sterling retreated against the dollar and euro on Thursday, with signs the economy is finally slowing after last year's Brexit vote expected to weigh on the Bank of England's message on interest rates later in the day. "The February message looked dovish against market pricing and BoE ...
CNBC   |   Thu, 16 Mar 2017 10:46:00

British PM May rejects call for Scottish independence vote

LONDON (AP) - British Prime Minister Theresa May has rejected a call from Scotland's leader for a referendum on Scottish independence before Britain leaves the European Union.
Associated Press   |   Thu, 16 Mar 2017 09:52:00