Brexit News Archive: 13 May 2017

Motor racing: No Brexit contingency plan, says Renault F1 boss

BARCELONA (Reuters) - Renault, who have a British-based Formula One team and engine factory in France, have no plan to remove resources or staff as a result of Brexit, according to Renault Sport F1 managing director Cyril Abiteboul.
Embargo Zone   |   Sat, 13 May 2017 10:40:56

No Brexit contingency plan, says Renault F1 boss

Renault, who have a British-based Formula One team and engine factory in France, have no plan to remove resources or staff as a result of Brexit.
CNBC   |   Sat, 13 May 2017 10:30:00

UPDATE 1-Sterling set for first weekly loss in four

LONDON, May 12- Sterling was set for its first weekly loss in four against the dollar on Friday after the Bank of England showed no sign of leaning more towards raising interest rates before the start of Brexit negotations. Together with the Bank's trimmed UK growth forecast and weak industrial ...
CNBC   |   Fri, 12 May 2017 16:26:00

How Brexit Britain can gain from China's Belt and Road

The ancient tale of the wise men feeling different parts of an elephant and being at a loss for how best to describe it could be applied to the Belt and Road plan, China's current signature foreign policy initiative. The novelty of having China propose something as grand and all-encompassing ...
Kerry Brown / South China Morning Post   |   Fri, 12 May 2017 13:20:42

Markets Unconvinced By BoE Smooth Brexit Assumption

The Bank of England is taking it for granted that we'll see an orderly Brexit. Investors aren't as confident. While Governor Mark Carney said the U.K. central bank may have to raise rates sooner than markets are expecting, he also said that's based on new forecasts that presume a "smooth" ...
OANDA   |   Fri, 12 May 2017 11:57:55

London and Berlin Weigh Macron's Brexit Impact

Will Emmanuel Macron be good or bad for the U.K. in its negotiations over leaving the EU? Though likely a hard-liner over Brexit, Stephen Fidler and Bertrand Benoit write, talks will go better than if he had lost.
WSJ   |   Fri, 12 May 2017 08:45:24

Morning News: May 12, 2017

BOE's Smooth Brexit Assumption Doesn't Convince Market Skeptics Greece Eyes Bond Sale Amid Optimism Over Debt Deal In Fight Against U.S. Shale Oil, OPEC Risks [...]
Eddy Elfenbein   |   Fri, 12 May 2017 08:04:22

WSJ City: Macron's Impact on Brexit, Barclays Shake-Up, U.S. Signs China Deal

Good morning from the WSJ City desks in London. WSJ City is the app that delivers fast, smart news on mobile for London. Download for iPhone or Android. Here's essential reading on today's developments. MUST READS FROM WSJ CITY In London these days, most developments in Europe are seen through ...
MoneyBeat   |   Fri, 12 May 2017 06:53:29

How Emmanuel Macron could catalyse a Brexit banker exodus from London

LONDON - Emmanuel Macron's election as the president of France last weekend could be the beginning of a chain reaction that starts the exodus of thousands of bankers, asset managers, and finance workers from London, according to the chief executive of a body which promotes Paris as a leading European ...
Business Insider   |   Fri, 12 May 2017 06:00:00