Brexit News Archive: 22 Mar 2016

Brussels Attacks Could Change Brexit Outcome

European stocks, especially the transportation sector, were declining, in the wake of Tuesday's terrorist attacks at the main Brussels airport and a metro station near European Union buildings. Nandini Ramakrishnan, global market strategist at JPMorgan Asset Management, told CNBC's "Worldwide Exchange" the blasts were likely to dampen a key driver ...
Alfonso Esparza / OANDA   |   Tue, 22 Mar 2016 15:50:48

Terror underpins case for Brexit - BBH

Analysts at Brown Brothers Harriman explained that today's terrorist attack in Brussels will likely be seized upon by those who want to leave the EU for another reason. Key Quotes:"While the Brexit camp has been stressing the loss of sovereignty by being a member of the EU, immigration and border ...
FXStreet / FX Street   |   Tue, 22 Mar 2016 15:36:01

Sterling slides on renewed Brexit worries

A decline of 1% marks the 25th day this year the pound has moved by half a per cent or more
FT   |   Tue, 22 Mar 2016 15:34:27

More Europe, Less Europe, or a Different Europe

Experts assess the prospects for deepening European integration, the potential for a possible Brexit, and the possibility of revamping EU institutions.
Council on Foreign Relations / CFR   |   Tue, 22 Mar 2016 15:00:00

Will Brussels sway 'Brexit' vote?

The terror in Belgium may also dampen consumer sentiment, market watchers tell CNBC.
CNBC   |   Tue, 22 Mar 2016 14:54:00

Brexit Risks Rising

Seeking Alpha   |   Tue, 22 Mar 2016 14:49:22

FX Market Chaos Signals Brexit Risk Surge Post-Belgium

The markets' various indicators of 'Brexit Risk' are all elevated this morning GBPUSD is tumbling... But most crucially, the cost of protection against pound currency swings over EU currency swings has jumped to the highest ever signalling the highest market-impled risk of Brexit so far. As Fed's Lockhart warned yesterday, ...
Tyler Durden / Zero Hedge   |   Tue, 22 Mar 2016 14:30:20

The question is not whether Brexit will cost the UK in economic terms but how much

For over two years, a research team at the Centre for Economic Performance (CEP) has been studying the likely impact of the UK leaving the European Union. Their latest report focuses on the impact of 'Brexit' through changing trade patterns. Under 'optimistic' assumptions, there is a fall in national income ...
Blog Admin / EUROPP   |   Tue, 22 Mar 2016 14:30:06

Already, Shameless Attempts to Use Brussels Attacks

Terrorism doesn't vindicate Brexit or Assad's campaign.
Bloomberg Views   |   Tue, 22 Mar 2016 14:01:38

GBP/USD sees little action after US PMI data

A US preliminary PMI manufacturing data is doing little to weaken the USD, leaving the GBP/USD largely unaffected near its daily lows. Awaits Fed speakBritish Pound suffered a double blow of terror led risk aversion and Brexit fears throughout the European session. A failed attempt in early US to move ...
FXStreet / FX Street   |   Tue, 22 Mar 2016 13:58:24

Brexit Risks Rising

An ill-conceived strategy undermined by mismanagement and bad fortune is increasing the risks that the UK votes to leave the EU in June. Nearly everything that could, has go wrong for UK Prime Minister Cameron. While many investors have anticipated the UK would remain in the EU, the increased risks ...
Marc Chandler / Marc to Market   |   Tue, 22 Mar 2016 13:36:22

GBP/JPY hits 20-day low

Fresh wave of selling in the already weakened British Pound, pushed the GBP/JPY cross to a 20-day low of 158.75 levels in the US session. Terror attacks and Brexit fears weigh GBP fell in early Europe after report of terror attacks in Brussels hit the wires. The resulting flight to ...
FXStreet / FX Street   |   Tue, 22 Mar 2016 13:24:12

Brexitonomics

Breaking down the cost of breaking away
FT   |   Tue, 22 Mar 2016 11:50:24

What Brussels attacks mean for markets

The Brussels attacks are unlikely to have a long-term impact on markets, but could create roadblocks to commerce and give Euro sceptics momentum.
CNBC   |   Tue, 22 Mar 2016 11:47:00

EUR/GBP seen at 0.73 in 12-month view - Danske Bank

Morten Helt, Senior Analyst at Danske Bank, sees the cross slipping towards 0.7300 in a year's view.Key Quotes"Given the high uncertainty surrounding the EU referendum, we see risks skewed to the upside for EUR/GBP ahead of 23 June"."A substantial Brexit risk premium has already been priced into the FX option ...
FXStreet / FX Street   |   Tue, 22 Mar 2016 10:28:05

Could Brexit lead to an end to austerity?

Checking the EU Budget contribution figures in the report from Conservatives for Britain.
BBC   |   Tue, 22 Mar 2016 09:37:07

Ireland's biggest companies begin to fell chill wind of 'Brexit'

About 60% of Irish companies selling goods overseas are already affected
Irish Times   |   Tue, 22 Mar 2016 08:45:32

UK CPI preview: What to expect of GBP/USD?

Brexit fears and dollar recovery on Fed rate hike talk pushed the GBP/USD pair below 1.42 levels ahead of the UK consumer price index (CPI) release. Focus on core CPIThe headline figure is seen rebounding 0.4% m/m in February. That means an annualized figure of 0.4%. However, the headline is ...
FXStreet / FX Street   |   Tue, 22 Mar 2016 08:28:15

WSJ City: Ofcom Demands Better BT Services; Global IPO Drought

Good morning from London. Here's the essential reading today from WSJ City: Ofcom has laid out fresh demands for BT, including a significant reduction in business prices. Those behind the UK campaign to leave the EU face a big hurdle: disunity within their own ranks... ...while Moody's said Brexit would ...
MoneyBeat   |   Tue, 22 Mar 2016 07:47:31

Blimey, it could be Brexit!

A civil war now consumes Britain's Tory party, a deep divide at the heart of modern conservatism that could decide the fate of the UK and perhaps even Europe. In a week by week experiment worthy of this dramatic development, Anthony Barnett aims to write a book about it ahead ...
Anthony Barnett / Open Democracy   |   Tue, 22 Mar 2016 07:32:21

Brexit could trigger credit downgrade for UK's biggest firms

Britain's biggest companies could face a credit downgrade - potentially forcing up their borrowing costs - should the UK vote to leave the EU in June, according to a report by a leading ratings agency.
Here Is The City   |   Tue, 22 Mar 2016 07:24:32

Who will offer a winning vision of immigration after the referendum?

Brexit campaigners have yet to offer credible visions on immigration that address voters concerns while also acknowledging certain realities. Whichever side does so will greatly improve their chances in June. Joe Thorn/Flickr. (CC 2.0 by-nc-nd) Immigration is not the only issue in the EU referendum - it is not even ...
Open Democracy   |   Tue, 22 Mar 2016 07:00:00

Tactical GBP trading into the Referendum - Nomura

Nomura is entering short GBP/USD at 1.40 via digi puts with expiry prior to the referendum date as uncertainty around the vote continues to keep the Sterling under pressure. Key Quotes"GBP/USD has had some mixed fortunes of late, with downside moves blamed on Brexit and the recent outperformance owing to ...
FXStreet / FX Street   |   Tue, 22 Mar 2016 05:44:07

Scary data won't settle the Brexit debate

A UK exit from the European Union could knock 3.9 pct off domestic GDP in 2030, Oxford Economics reckons. As worst-case scenarios go, this and other similar claims just aren't that terrifying. The Remain campaign will have to do more to convince all but the most rational voters.
Breakingviews   |   Tue, 22 Mar 2016 05:41:00

Costa Blanca expats get Brexit blues

Britons living in Europe could swing vote but few have registered
FT   |   Tue, 22 Mar 2016 05:31:39

Moody's: Brexit poses manageable credit challenges for UK, EU

Moody's rating agency notes that Brexit poses manageable credit challenges for UK and EU, Reuters poses manageable credit challenges for UK and EUEconomic costs of UK leaving european union would outweigh potential benefits and would have credit implications for a range of bond issuersUncertainty is the biggest near-term risk form ...
FXStreet / FX Street   |   Tue, 22 Mar 2016 00:36:08

Brexit could trigger credit downgrade for UK's biggest firms

Prospect of lengthy negotiations to secure new UK relationship with EU would deter foreign investors, warns Moody's Britain's biggest companies could face a credit downgrade - potentially forcing up their borrowing costs - should the UK vote to leave the EU in June, according to a report by a leading ...
Phillip Inmaneconomics correspondent / Guardian   |   Tue, 22 Mar 2016 00:10:23

Miliband to rally Labour over Brexit

Former leader makes rare intervention to stress party 'cannot sit it out'
FT   |   Mon, 21 Mar 2016 23:07:44

EUR/GBP on a wild ride towards weekly 200 sma

EUR/GBP has been moving lower towards the 0.7800 level through the 50 sma on the 1hr sticks at 0.7808, but has since recovered to current spot at 0.7818 and is consolidating there.EUR/GBP has been driven by a recovery in the pound last week, despite Brexit concerns, while the US dollar ...
FXStreet / FX Street   |   Mon, 21 Mar 2016 19:11:13

UK: Brexit would likely trigger a downgrade - Danske

According to analysts from Danske Bank, Brexit could trigger a downgrade in UK sovereign rating but might not necessarily change foreign investors's appetite for Gilts dramatically. Key Quotes: "The upcoming EU referendum on 23 June represents a significant medium- to long-term risk factor for the UK economy and, for this ...
FXStreet / FX Street   |   Mon, 21 Mar 2016 19:00:52

Brexit shake-ups and costs to the UK's GDP - Scotiabank

Shaun Osborne Chief FX Strategist at Scotiabank explained that sterling finds itself at the bottom of the overnight performance league, reflecting renewed difficulties on the home political front. Key Quotes:"Former Tory party leader Duncan-Smith resigned his ministerial portfolio over the weekend in an apparent dispute with the government over UK ...
FXStreet / FX Street   |   Mon, 21 Mar 2016 18:46:21

Brexit would hit banks and homebuilders most, says Goldman Sachs

Possible slowdown in UK growth would hurt firms exposed to domestic economy while global businesses may go unscathed Banks, builders, property firms and home improvement businesses would be the worst-hit UK companies if Britain voted to leave the European Union, according to analysts at Goldman Sachs. In a report on ...
Nick Fletcher / Guardian   |   Mon, 21 Mar 2016 18:43:51

FT column: Wake up - Britain is heading for Brexit

By Gideon Rachman The British debate about Brexit, at the moment, reminds me of the discussions I heard in the US, late last year, about Donald Trump. Back then the opinion polls said that Mr Trump was well ahead in the race. But the conventional wisdom in Washington was that ...
Gideon Rachman / FT The World   |   Mon, 21 Mar 2016 18:15:12

GBP/USD: short-lived rally, back to Brexit fears again?

GBP/USD has been trading in a recovery of late, but met keen supply at crazy heights given the magnitude of last week's rally.GBP/USD is located around the 1.44 handle and supply knocked the wind out of the bulls at 1.4513 after the strongest daily recovery since October 13th 2015. While ...
FXStreet / FX Street   |   Mon, 21 Mar 2016 18:01:42

Brexit Fears Spike Cable Volatility To Record Highs

As the battle between Brits' fiercely historic and the establishment's Project Fear, anxiety is building over the looming Brexit decision. Despite rallies in most markets over the past few weeks, UK-related risk premia remain extremely-elevates with British corporate bond risk notably decopled from EU's credity risk but it is the ...
Tyler Durden / Zero Hedge   |   Mon, 21 Mar 2016 17:40:23

Brexit could cost Britain about 1 million jobs: CBI

Taipei Times   |   Mon, 21 Mar 2016 16:41:05

Wake up - Britain is heading for Brexit

The campaign for the UK to leave the EU has momentum and simple slogans
FT   |   Mon, 21 Mar 2016 16:37:09

Future Of Europe: Mega Trends That Will Define Growth Opportunities

Europe Could Become the World's First Digital Market and Lead the AI Race The Brexit madness and existential crisis aside, what really is the future of Europe? What will the future life of a European look like? What businesses and markets will bring more investment into the region? What will ...
Sarwant Singh, Contributor / Forbes   |   Mon, 21 Mar 2016 15:26:00

Who cares about Brexit?

AS ISLAND dwellers, it is hard for the British not to think in an insular way. Brexit (the prospect of Britain departing from the European Union) is a major talking point around dinner tables in Blighty, so the same must surely be true on the continent? Or so the thinking ...
Graphic Detail   |   Mon, 21 Mar 2016 15:20:17

Q&A: Should you care about economic models?

How do you know whether to believe stories about the cost of Brexit?
BBC   |   Mon, 21 Mar 2016 15:14:59

Brexit's Questions for Europe

In three months, British citizens will vote on whether or not to remain in the EU. But they are not the only ones who must consider their political future; the upcoming referendum also poses important questions for the rest of Europe.
Javier Solana / Project Syndicate   |   Mon, 21 Mar 2016 14:43:42

London's expat French fear Brexit fallout

Adopters of the city ponder leaving the UK capital as the referendum looms
FT   |   Mon, 21 Mar 2016 14:35:34

Brexit may cost UK $144B, almost 1M jobs: CBI

If Britain chooses to leave the EU this summer, its economy could suffer a "serious shock" and there would be a "real blow" for jobs.
CNBC   |   Mon, 21 Mar 2016 14:32:00

GOLDMAN: Brexit will smash British companies - here are the ones which will be worst hit

Britain will vote on June 23 whether the UK should leave or stay in the European Union. The debate is fierce, with those wanting to leave arguing that the EU robs Britain of sovereignty and costs the country too much money. On the other side of the argument, those who ...
Will Martin / Business Insider   |   Mon, 21 Mar 2016 13:12:25

CBI's Pro-EU Report By EU-Funded PWC

Splashed all over the papers this morning is the CBI's warning that Brexit would cause a "serious economic shock" , costing £100 billion and nearly 1 million jobs. The numbers come from a report by Pricewaterhouse Coopers, the big four [...]
reevoguido / Guy Fawkes' blog   |   Mon, 21 Mar 2016 12:45:09

Brexit 'could cost UK billions' says Confederation of British Industry

The British government has fresh ammunition in its campaign to keep the UK in the European Union. New research claims the so-called Brexit
euronews   |   Mon, 21 Mar 2016 12:22:49

The question is not whether Brexit will cost the UK in economic terms but exactly how much

For over two years, a research team at the Centre for Economic Performance (CEP) has been studying the likely impact of the UK leaving the European Union. Their latest report focuses on the impact of 'Brexit' through changing trade patterns. Under 'optimistic' assumptions, there is a fall in national income ...
Blog Admin / British Politics and Policy at LSE   |   Mon, 21 Mar 2016 12:02:54

Brexit would hurt U.S.

Political attention across the United States is inevitably fixated on this year's extraordinary presidential primaries. But there is another vote, taking place across the Atlantic, that may yet have real bearing on America's future.On June 23, the United Kingdom will decide whether it should remain...
Douglas Alexander / LA Times   |   Mon, 21 Mar 2016 12:00:00

Brexit: Political crisis is brewing - BBH

Research Team at BBH, notes that the sterling has appreciated by nearly 5% this month and has recovered the bulk of the losses suffered following the deal with the EU and London Mayor Johnson's formal declaration of supporting efforts for the UK to leave the EU.Key Quotes"However news that Iain ...
FXStreet / FX Street   |   Mon, 21 Mar 2016 11:48:07

Brexit News Archive: 22 Mar 2016     |     enquire