WRAPUP 1-Brexit outcome may play into rate decision, Fed officials say
PALO ALTO, Calif./ WASHINGTON, May 5- Britain's vote next month on whether to leave the European Union is shaping up to be the next global event to impact the U.S. central bank's next interest-rate hike decision. "Clearly if there's an expectation that it actually will pass and the markets will ...
CNBC | Thu, 5 May 2016 18:29:00
Service sector woes add to economic unease
Concerns about Brexit and weakness in services sector take toll
FT | Thu, 5 May 2016 15:08:05
Barclays and BNPP jump into sub ahead of 'road humps' in credit
Barclays and BNP Paribas announced new subordinated bonds on Thursday, taking advantage of strong conditions ahead of potentially negative events in coming weeks, including next month's Brexit vote.
IFR | Thu, 5 May 2016 14:57:00
Osborne's 'cocktail of threats' excuse for the UK's ills has lost its fizz
The chancellor blames Brexit jitters and the global slump for Britain's economic woes - but the truth lies closer to home Last summer the UK economy was zipping along and the chancellor, fresh from an election victory, was boasting of the best GDP growth in the G7. Inside the Treasury, ...
Phillip Inman / Guardian | Thu, 5 May 2016 13:30:40
Banks may suffer higher mortgage losses after a Brexit - Moody's
LONDON, May 5- Banks could face higher credit losses if a vote by Britain to leave the European Union triggers an exodus of foreign-born residents, according to research published by Moody's on Thursday. Moody's also said a Brexit could put pressure on the operational structures of some British and international ...
CNBC | Thu, 5 May 2016 10:32:00
Barclays: EU referendum having a negative impact on UK businesses
In its latest report, Barclays noted that the uncertainty surrounding Brexit is weighing negatively on the UK growth outlook.Key Points:Fall in UK services and composite PMI confirms that the upcoming EU referendum is having a negative impact on UK businessesContinues to cause delays in spending and investmentQ1 GDP estimate 0.0% ...
FXStreet / FX Street | Thu, 5 May 2016 10:16:45
UK service PMI to highlight negative impact of Brexit uncertainty - MUFG
Lee Hardman, Currency Analyst at MUFG, notes that the Cable has been one of the hardest hit crosses by the recent rebound in the US dollar falling sharply after an intra-day high early this week at 1.4770. Key Quotes"It provided a good example that US dollar weakness was becoming excessive ...
FXStreet / FX Street | Thu, 5 May 2016 07:09:24
BRIEF-Moody's - UK banks face increased funding costs amid uncertainty around Brexit vote
* Moody's - Banks operating in the UK face moderate short-term risks as the country approaches the June 23 brexit referendum
Reuters | Thu, 5 May 2016 06:26:46
Brexit could 'loom large' over June policy meeting - Fed
Atlanta Federal Reserve president Dennis Lockhart said that Britain's vote on whether to stay in the European Union could "loom large" as the US central bank contemplates whether to raise interest rates at its next policy meeting. "Brexit could be a source of heightened global uncertainty," Lockhart said in a ...
Reuters / Times of Malta | Thu, 5 May 2016 04:28:05
For 'Brexit,' Like 'Grexit,' It's Not About Economics
Britain's flirtation with leaving the European Union is as puzzling as Greece's desire to stay. After all, Britain's economy has done quite well inside the bloc while Greece's has been decimated. What explains both sentiments, WSJ chief economics commentator Greg Ip writes, is thatthe European project has always been about ...
WSJ | Thu, 5 May 2016 02:54:44
Tata deadline delayed for Brexit poll
Timeframe for offers to save steel plants extended until after June 23 referendum
FT | Wed, 4 May 2016 18:49:23
For 'Brexit,' Like 'Grexit,' It's Not About Economics
Britain's flirtation with leaving the European Union is as puzzling as Greece's desire to stay. After all, Britain's economy has done quite well inside the bloc while Greece's has been decimated. What explains both sentiments, WSJ chief economics commentator Greg Ip writes, is thatthe European project has always been about ...
WSJ | Wed, 4 May 2016 17:50:05
Is £250bn of trade at risk from Brexit?
Leaving the EU would put £250bn of trade at risk, according to Britain Stronger in Europe. Is it right?
BBC | Wed, 4 May 2016 14:42:35
Brexit Fears Expected to Drive Down Demand for London Office Space
Global investment in London office space remained strong at the start of the year, but is expected to dip in the run-up to the EU referendum next month. A total of £3.5bn was invested in the traditionally subdued first three months of the year, on a par with the same ...
Alfonso Esparza / OANDA | Wed, 4 May 2016 14:22:55
U.K. Banks Brace for 'Brexit' Risk
A U.K. vote to leave the EU could create difficulties for British banks to fund their business, bankers say. To inoculate themselves, banks are maintaining extra stocks of assets that can easily be sold.
WSJ | Wed, 4 May 2016 14:15:12
Maddening times
The European referendum is taking place in the context of - and because of - the disintegration, and reinvention, of party politics in Britain and around the world. The next chapter of Blimey, it could be Brexit! The Financial Times columnist Martin Wolf is a clear-eyed analyst of economic affairs ...
Open Democracy | Wed, 4 May 2016 14:13:30
Short GBP/CAD - Nomura
Research Team at Nomura, suggests to go short on GBP/CAD pair as they expect poor data, risk sentiment and the elections to prompt GBP Quotes"The market has seen a good amount of unwinding of the Brexit downside trade in GBP/USD in recent weeks. It has broken above the 1.39 to ...
FXStreet / FX Street | Wed, 4 May 2016 12:28:15
Hedge fund boss Paul Marshall to make Brexit donation
Hedge fund boss Paul Marshall is set to make a large donation to the campaign for the UK to leave the European Union.
Here Is The City | Wed, 4 May 2016 12:19:10
UK: On the slide? - ING
James Knightley, Senior Economist at ING, suggests that the concerns about what Brexit could mean have already hurt UK sentiment, but there is growing evidence that the broader economy is now feeling the pain. Key and business confidence readings have been coming under downward pressure just as the Brexit debate ...
FXStreet / FX Street | Wed, 4 May 2016 12:07:20
The CIOs: Three leading chief investment officers have their say
Professional Pensions speaks to three chief investment officers from some of the UK's leading asset managers about Brexit, the investment challenges facing schemes and asset allocation. This is what they said...
Professional Pensions | Wed, 4 May 2016 12:01:00
Brexit jitters set to weigh on foreign demand for London office space
Transactions expected to fall in run-up to June vote before bouncing back if Britain stays in the EU, says CBRE Global investment in London office space remained strong at the start of the year, but is expected to dip in the run-up to the EU referendum next month. A total ...
Julia Kollewe / Guardian | Wed, 4 May 2016 12:00:56
Sterling flags as Obama effect on UK fades and polls point to Brexit
Two new Brexit polls now put the "Leave EU" campaign ahead.
CNBC | Wed, 4 May 2016 11:43:00
Post-Brexit trade is not all about size
An 8 per cent fall in sterling would see France overtake the UK economy
FT | Wed, 4 May 2016 11:10:22
Social housing boost has Brexit warning
European Investment Bank says £1bn deal could be at risk
FT | Wed, 4 May 2016 10:01:40
Buy-To-Let Sale Collapses Amid Brexit Fear
An auction of Charter Court has been abandoned amid uncertainty ahead of June's EU referendum, Sky News learns.
Sky | Wed, 4 May 2016 09:56:19
These economic experts are getting seriously worried about Brexit
Economic uncertainty hit its highest point in 19 years during March thanks to the upcoming EU referendum, according to the academic group behind the Economic Policy Uncertainty Index. "The upcoming Brexit referendum appears to be generating an extraordinary level of economic policy uncertainty," Professor Nicholas Bloom of Stanford University said, ...
Matthew Nitch Smith / Business Insider | Wed, 4 May 2016 09:12:25
The geography of the Brexit vote - what difference will turnout make?
In their recent analysis, Ron Johnston, Kelvyn Jones and David Manley used a large body of YouGov polling data to explore which social groups are most likely to vote Leave in the upcoming EU Referendum and where they live, producing a clear geography of support for Brexit. Here, they explore ...
Administrator / British Politics and Policy at LSE | Wed, 4 May 2016 06:00:28
Leaving the EU Is an English Nationalism Thing
That's why the Scots, Welsh and Northern Irish prefer to stay.
Bloomberg Views | Wed, 4 May 2016 06:00:07
Brexit 'could boost eurozone GDP'
Financial activity would relocate out of London, says leading economist Lemoine
FT | Mon, 2 May 2016 16:58:12