Brexit News Archive: 28 Jun 2017

Brexit 'will blow hole in budget', EU commissioner warns

Not only is the UK leaving but the EU also has pressing new spending demands, a commissioner warns.
BBC   |   Wed, 28 Jun 2017 16:46:21

Brexit to blow 20 bln in EU budget: Commissioner

The European Union faces a 20-billion-euro hole in its annual budget due to Britain's withdrawal and rising costs in issues such as defense, a commissioner said on June 28.
Hurriyet   |   Wed, 28 Jun 2017 14:50:00

Theresa's May's cabinet starts to split over Brexit

Philip Hammond and David Davis have contrasting views on departing the EU
FT   |   Wed, 28 Jun 2017 13:06:19

Theresa May's rhetorical double-bind over Brexit

The PM's brittle sloganeering is no match for the silky Emmanuel Macron
FT   |   Wed, 28 Jun 2017 11:35:00

BoE FSR: Brexit response reversed - HSBC

In its latest Financial Stability Report, the BoE's Financial Policy Committee announced a number of measures which are like paring back of the respon
Sandeep Kanihama / FX Street   |   Wed, 28 Jun 2017 07:50:05

Brexit set to blow hole in common EU budget, Brussels warns

Paper suggests ways to fill gap, including taxes and overhaul of farm spending
FT   |   Wed, 28 Jun 2017 04:06:14

The Papers: 'May's top team split over Brexit'

Apparent divisions between David Davis, Philip Hammond and Boris Johnson over Brexit make headlines.
BBC   |   Wed, 28 Jun 2017 00:24:19

Federal Reserve chair Janet Yellen urges soft Brexit

Janet Yellen tells the BBC maintaining "deep ties" between the UK and the EU is important.
BBC   |   Tue, 27 Jun 2017 20:23:55

Fed Chair Janet Yellen: Brexit causing uncertainty

CNBC's Ylan Mui reports on Fed Chair Janet Yellen's conference in London.
CNBC   |   Tue, 27 Jun 2017 19:40:00

Theresa May forced to intervene as her key Cabinet ministers squabble about Brexit terms

Christopher Hope / Telegraph   |   Tue, 27 Jun 2017 17:22:36

EU citizens proposal: a lawyer examines the detail

Is it any wonder they feel like bargaining chips? EPA Great news has been issued by the good people of the British government to all those EU citizens living in the UK feeling uncertain about their future after Brexit - they could soon qualify for "settled status". What they must ...
Anne Wesemann, Lecturer in Law, The Open University / The Conversation   |   Tue, 27 Jun 2017 15:26:13

Consumer Credit Gone Wild, Bank of England Slaps It Down

The Bank of England tightened the screws on bank lending to consumers, a key driver of the post-Brexit economy.
WSJ   |   Tue, 27 Jun 2017 13:53:38

UPDATE 2-Bank of England tightens credit rules for banks after Brexit resilience

LONDON, June 27- The Bank of England tightened its controls on bank credit to more normal levels on Tuesday, deciding the risk had passed of a big hit to the economy and to lending after last year's Brexit vote. The BoE's Financial Policy Committee said British banks must now hold ...
CNBC   |   Tue, 27 Jun 2017 13:08:00

BoE caught between Brexit headwinds and rising inflation - HSBC

Analysts at HSBC suggest that with falling unemployment and Brexit headwinds still looming, it's going to be hard for the BoE to go ahead with the rat
Sandeep Kanihama / FX Street   |   Tue, 27 Jun 2017 11:45:20

Bank of England tightens credit rules for banks after Brexit resilience

Britain's economy has performed more strongly than expected since the vote, despite some more recent signs of a slowdown
David Milliken and Huw Jones / Globe and Mail   |   Tue, 27 Jun 2017 10:58:50

UPDATE 1-Bank of England tightens credit rules for banks after Brexit resilience

LONDON, June 27- The Bank of England tightened its controls on lending on Tuesday and said it was likely to make British banks hold an extra 11.4 billion pounds of capital as it decided the risk of a big hit to the economy from the Brexit vote had passed. But ...
CNBC   |   Tue, 27 Jun 2017 10:45:00

GBP/USD flirting with session highs near 1.2730

The Sterling is posting moderate gains vs. the buck on Tuesday, lifting GBP/USD to the area of daily highs around 1.2730. GBP/USD eyes on BoE, Brexit
Pablo Piovano / FX Street   |   Tue, 27 Jun 2017 06:06:33