Write-Offs: 5.13.16
Bank system hacked again; IMF doesn't like Brexit; Mark Cuban offers to be Clinton's running mate; Botox fraud charged with swindling clinic out of $1250 in injections; and more.
Dealbreaker | Fri, 13 May 2016 21:55:39
Reverse Yankees refuse to go home
US corporates will continue crossing the pond in droves in the next fortnight to lock in attractive ECB-fuelled funding costs ahead of the UK's upcoming Brexit referendum.
IFR | Fri, 13 May 2016 20:00:00
Secret message in UK song?
CNN | Fri, 13 May 2016 19:58:36
UK construction data add to economic woe
Housebuilding one bright spot as analysts blame Brexit uncertainty and London housing policies for slide
FT | Fri, 13 May 2016 17:46:30
US retail sales rise and consumer confidence jumps - as it happened
US consumer confidence sees highest reading for nearly a year US retail sales rose 1.3% in April, beating expectations IMF warns Brexit could trigger steep fall in house prices Eurozone growth revised down to 0.5% UK construction output falls sharply German growth more than doubles Tesco boss Dave Lewis receives ...
until 2.35 / Guardian | Fri, 13 May 2016 17:12:36
UPDATE 1-Bank of England should ready FX swap lines for Brexit tension -IMF
LONDON, May 13- The Bank of England may need to call on other central banks for foreign currency if Britain's referendum on European Union membership hits the world's biggest currency trading centre, the International Monetary Fund said on Friday. "The Bank of England has appropriately announced plans to hold additional ...
CNBC | Fri, 13 May 2016 15:53:00
Sterling ETF Finds Footing Ahead of Brexit Vote
Amid talk of Great Britain's potential departure from the European Union, also known as Brexit, the CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) has been under pressure this year. However, as the June Brexit vote nears, FXB has been finding firmer footing. For example, the exchange traded fund (ETF) is ...
Tom Lydon / ETF Trends | Fri, 13 May 2016 15:18:47
Blunt Brexit warning from International Monetary Fund's Lagarde
The head of the International Monetary Fund has come out strongly against Britain leaving the European Union. Christine Lagarde warned there
euronews | Fri, 13 May 2016 15:10:49
Why does Christine Lagarde think the UK's current account deficit could make Brexit worse?
Peter Spence / Telegraph | Fri, 13 May 2016 13:27:21
Bank of England may need cash from foreign central banks as Brexit vote nears, IMF says
LONDON, May 13- The Bank of England may need to call on other central banks for foreign currencies if fears over Britain's referendum on European Union membership hit the world's biggest currency trading centre, the International Monetary Fund said on Friday. "The Bank of England has appropriately announced plans to ...
CNBC | Fri, 13 May 2016 13:13:00
Kenny steps up support for Remain campaign
Fears that Brexit could lead to reintroduction of border with Northern Ireland
FT | Fri, 13 May 2016 12:40:16
Brexit hit to UK would be from 'pretty bad to very, very bad,' warns IMF's Lagarde
The hit to Britain's economy if it votes to leave the European Union would range from "pretty bad, to very, very bad," International Monetary Fund (IMF) Managing Director Christine Lagarde said on May 13
Hurriyet | Fri, 13 May 2016 12:22:00
The IMF's Warning on 'Brexit'
The International Monetary Fund is warning of dire consequences if Britain votes to leave the European Union. Here's an excerpt from the IMF's report released Friday: A vote for exit would precipitate a protracted period of heightened uncertainty, leading to financial market volatility and a hit to output. Following a ...
Krishnadev Calamur / The Atlantic | Fri, 13 May 2016 12:13:11
Morning News: May 13, 2016
Brazil's Newest Club Is All Boys and They're Running the Country Brexit Could Hit Growth, House Prices and the Stock Market, IMF Warns China Credit [...]
Eddy Elfenbein | Fri, 13 May 2016 11:04:35
Immigration from the EU is not a 'necessary evil' and does not drag down wages
A major argument of the Leave campaign is that Brexit would give the UK more control over the flow of EU immigrants, who have supposedly hurt the jobs and pay of British workers. Research by Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John van Reenen shows that far from EU ...
Blog Admin / British Politics and Policy at LSE | Fri, 13 May 2016 11:00:41
EU referendum: barrage of grim forecasts takes aim at our homes
Osborne, Carney and Lagarde are like WWI generals, offering a relentless salvo of bad news against Brexiteers. It isn't working. Targeting house prices might Different location, same story. On Thursday, it was Mark Carney sitting in Threadneedle Street issuing a warning from the Bank of England about the perils of ...
Larry Elliott / Guardian | Fri, 13 May 2016 10:16:04
FTSE 100 dips but Aim stocks shrug off recession fears
Small cap stocks opened little changed on balance, taking a sanguine view on the whole Brexit recession storm in a tea-cup. The media continues to work itself into a lather over comments by Mark Carney, the governor of the Bank of England, about the prospect of a vote in favour ...
Proactive Investors | Fri, 13 May 2016 08:20:00
Further reading
Elsewhere on Friday - BREXIT the movie? - The effects of minimum wage on employment dynamics. - "At this major car brand I worked for, we paid $300,000 for a few photographs because the CEO's kid liked someone." - Millionaires humiliated by billionaires in Hualalai. Continue reading: Further reading
FT Alphaville | Fri, 13 May 2016 06:34:53
Campaign Report: Day 28
Leave message: Immigration stats confirm UK can't control borders. Remain message: Small businesses think Brexit will damage them. Cut through: Cummings loses the plot (again). Leave social media count: 358,767 likes, 40,825 followers. Remain social media count: 393,225 likes, 27,464 [...]
Guy Fawkes' blog | Thu, 12 May 2016 17:00:12
UK central bank warns 'Brexit could trigger recession'
The Bank of England has stepped up its warnings about the economic risks "if Britain votes to leave the
euronews | Thu, 12 May 2016 16:12:35
GBP/USD fails to sustain gains above 1.4500
GBP/USD failed to sustain gains and retreated from highs above 1.4500 over the last hours as the greenback gathers pace versus most competitors. GBP/USD rallied to a peak of 1.4530 during the European session despite BoE warned about negative consequences of a Brexit in the UK economy. However, Cable lost ...
FXStreet / FX Street | Thu, 12 May 2016 15:58:25
UPDATE 2-Bank of England says Brexit slowdown could even mean recession
* Bank policymakers vote 9-0 to keep rates on hold (Adds detail)
Reuters | Thu, 12 May 2016 14:46:40
Vote Leave v Nigel Farage
The official Brexit campaign believes Ukip's leader will harm their cause, writes Sebastian Payne
FT | Thu, 12 May 2016 13:23:44
Economists say no to Brexit
Today the Times has publisheda letter about Brexit. It is short and sweet. Focusing entirely on the economics, we consider that it would be a major mistake for the UK to leave the European Union.Leaving would entail significant long-term costs. The size of these costs would depend on the amount ...
Mainly Macro / Mainly Macro | Thu, 12 May 2016 07:54:00