Today's Headlines
Bloomberg: For Europe's Elite the Party Lives On After Brexit. Europe's political elite may have missed the Brexit memo. Six weeks since U.K. voters rebuked the ruling class by choosing to leave the European Union, the region's establishment has reacted by carrying on as before. The revolving door of former ...
Between the Hedges | Thu, 4 Aug 2016 18:32:00
The end of Dutch natural gas production as we know it
Many may remember June 24, 2016 as the day David Cameron resigned from his position as British prime minister after an embarrassing defeat in the referendum on the United Kingdom's European Union membership-better known as Brexit. But there was another very consequential development for Europe that day, which (understandably) received ...
Brookings | Thu, 4 Aug 2016 16:17:03
The establishment is still winning (in the bond market)
It's been a tough year for The Establishment, what with all the disrupting and the Brexiting and the Trumping. But in the bond market, the incumbents are hanging on. Continue reading: The establishment is still winning (in the bond market)
FT Alphaville | Thu, 4 Aug 2016 16:13:15
Bank of England Cuts Key Rate to New Low
The Bank of England cut its benchmark interest rate to a new low and said it would buy government and corporate bonds as part of a broad package of measures to stimulate the U.K. economy in the wake of the Brexit vote.
WSJ | Thu, 4 Aug 2016 15:35:47
Smith Savaged on Gogglebox: "Owen Who?"
Painful viewing for fans of Owen Smith - their man has crashed and burned with the crucial Gogglebox focus group. None of the families on Channel 4's hit show had heard of him, and several gave him a kicking over his attempts to block Brexit. 42 year-old hairdresser Stephen Webb's ...
Guy Fawkes' blog | Thu, 4 Aug 2016 15:33:51
Brexit and its potential impact on international data transfers
If the UK exits the EU and the EEA, it will have to go to considerable lengths to enable continued data transfers from the EU. Without an agreement on data transfers and data protection, business in the UK and the EU will be disrupted.
J. Scott Marcus and Georgios Petropoulos / Bruegel | Thu, 4 Aug 2016 15:12:59
Analysts Think the Plunge in Sterling is Only Just Beginning
Sterling has tumbled since the Brexit vote, but many analysts think it has much further to go.
Mike Bird / MoneyBeat | Thu, 4 Aug 2016 15:12:02
Stocks flat after Bank of England cuts rates
The Bank of England rolled out fresh stimulus measures to offset the economic hit in the UK caused by the Brexit vote.
USA Today | Thu, 4 Aug 2016 15:11:34
OANDA MP - BoE Delivers its Own Bazooka (Video)
Senior Market Analyst Craig Erlam reflects on Super Thursday and the raft of Brexit buffering stimulus measures, dour economic forecasts and market movements.
Craig Erlam / OANDA | Thu, 4 Aug 2016 15:04:18
RSA profits jump as sterling's Brexit slide boosts foreign earnings
Tim Wallace / Telegraph | Thu, 4 Aug 2016 14:54:57
Brexit: A Positive Look At A Potential Next Exit
Brexit: A Positive Look At A Potential Next Exit by Matthew Van Der Weide, FactSet Vice President, Portfolio and Quantitative Analytics - FactSet It's been a little over a month since the people of the UK voted to leave the [...]
FactSet / Value Walk | Thu, 4 Aug 2016 14:39:08
Bank of England announces new stimulus package to avert recession
The Bank of England has announced aggressive action to shore up the economy and avert a slide into recession. The action is designed to illustrate that the Bank is willing and able to act quickly in response to the economic shock created by the surprise 'Brexit' vote, and is accompanied ...
Markit | Thu, 4 Aug 2016 14:35:11
UK central bank launches stimulus to soften Brexit shock
LONDON (AP) - Britain's central bank moved to stem the economic fallout from the vote to leave the European union, approving its first interest rate cut Thursday since the global financial crisis as part of a broader stimulus package.
Associated Press | Thu, 4 Aug 2016 14:03:33
How The Brexit Paid Off For One Safety-Seeking Fund Manager
Michael Cuggino's $3B Permanent Portfolio Fund can be a boring laggard in bull markets, but when stocks got rocked in late June its holdings in gold and Swiss francs helped it soar.
Steve Schaefer, Forbes Staff / Forbes | Thu, 4 Aug 2016 14:00:00
Brexit vote welcomed in Russia but saddens British, according to poll
Ashley Kirk / Telegraph | Thu, 4 Aug 2016 13:59:47
Lousy Experts: Looking Back at the Ex Ante Estimates of the Costs of Brexit
An economist contends that economists do not bear much responsibility for the Brexit vote.
Yves Smith / Naked Capitalism | Thu, 4 Aug 2016 13:55:44
UPDATE 4-Bank of England brings down stimulus sledgehammer to beat Brexit blues
*Bank to buy 60 billion pounds of government debt. LONDON, Aug 4- The Bank of England swung into action on Thursday against the economic shock from Britain's vote to leave the European Union, cutting interest rates to near nothing and unleashing billions of pounds to cushion the Brexit blow. "By ...
CNBC | Thu, 4 Aug 2016 13:50:00
Dow gains after Bank of England cuts rates
Wall Street got a boost from the Bank of England, which rolled out a package of fresh stimulus measures to offset the economic hit in the UK caused by the Brexit vote.
USA Today | Thu, 4 Aug 2016 13:37:37
Carney's bold move and private confidence
The bank's injection of post-Brexit economic vim could dissipate quickly, writes Martin Sandbu
FT | Thu, 4 Aug 2016 13:33:32
Why the Bank of England had to act - in six charts
At the press conference, Bank governor Mark Carney said unemployment was likely to rise by 250,000 so it is right to take action now The Bank of England has announced a big package of measures designed to ward off an economic slump in the aftermath of the Brexit vote. It ...
Julia Kollewe / Guardian | Thu, 4 Aug 2016 13:19:17
Brexit latest
The BBC looks at the latest impact of the Brexit vote on the UK's economy, and housing and jobs markets.
BBC | Thu, 4 Aug 2016 13:12:17
UK central bank launches stimulus to counter Brexit jitters
LONDON (AP) - The Bank of England has unveiled a series of stimulus measures, including its first interest rate cut since the global financial crisis, as it tries to jumpstart an economy shocked by Britain's vote to leave the European Union.
Associated Press | Thu, 4 Aug 2016 12:23:18
Bank of England cuts interest rates to 0.25% and expands QE
UK interest rates have been cut for the first time in seven years as part of a wide package of Bank of England measures to shore up the economy in the wake of the Brexit vote.
Here Is The City | Thu, 4 Aug 2016 12:17:17
FOREX-Sterling dives as Bank of England launches easing
LONDON, Aug 4- Sterling saw its biggest falls since the aftermath of June's Brexit vote on Thursday, while other major currencies most closely correlated with global growth rose after the Bank of England launched a series of steps to support the UK economy. Dutch bank ING called the package of ...
CNBC | Thu, 4 Aug 2016 12:16:00
Goldman Sachs says Brexit could adversely affect operations
Bank said in a regulatory filing that the likely change in regulations could require restructuring
Sruthi Shankar and Ankur Banerjee / Globe and Mail | Thu, 4 Aug 2016 12:12:45
U.K. central bank unveils stimulus to counter Brexit jitters
The Bank of England has unveiled a series of stimulus measures, including its first interest rate cut since the global financial crisis, as it tries to jump-start an economy shocked by Britain's vote to leave the European Union. The central bank cut its key rate to 0.25% from a previous ...
Associated Press / Money & Company | Thu, 4 Aug 2016 12:10:00
BOE responds to Brexit
CNBC's Steve Liesman looks into the details of the Bank of England's rate cut decision and new policy measures.
Steve Liesman | Thu, 4 Aug 2016 12:02:00
UPDATE 2-Euro zone bond yields fall after Britain restarts monetary easing
LONDON, Aug 4- Euro zone bond yields fell sharply on Thursday, hauled down by a dive in British yields to record lows after the Bank of England cut interest rates and restarted its bond purchase programme to ease the economic blow from Brexit. Market expectations have risen that the ECB ...
CNBC | Thu, 4 Aug 2016 12:01:00
ECB: See you in September - BNPP
Research Team at BNP Paribas, suggests that the ECB is maintaining the monetary status quo and the central bank esteems that the Brexit victory increa
Sandeep Kanihama / FX Street | Thu, 4 Aug 2016 11:59:24
Sterling knocks London off top spot
Sterling's slump since the Brexit vote means London is no longer the world's most expensive city for companies to locate staff, says Savills.
CNBC | Thu, 4 Aug 2016 11:57:00
Bank of England cuts rates to offset Brexit hit
The BoE cut its key bank rate for the first time since 2009, and announced further stimulus measures to offset the economic fallout from Brexit.
USA Today | Thu, 4 Aug 2016 11:51:40
Bank of England Cuts Key Interest Rate to New Low
The Bank of England cut its benchmark interest rate to a new low and said it would buy government and corporate bonds as part of a broad package of measures to stimulate the U.K. economy in the wake of the Brexit vote.
WSJ | Thu, 4 Aug 2016 11:50:32
The BoE and those companies materially contributing to the UK
Mark Carney is still giving more details of today's policy actions (press conference here). But for now, if you're a company considering leaving Britain because of Brexit, perhaps take a good hard look at this from the August 2016 inflation report: Continue reading: The BoE and those companies materially contributing ...
Izabella Kaminska / FT Alphaville | Thu, 4 Aug 2016 11:50:28
This is the Bank of England's all-action response to Brexit
More QE, an interest rate cut and new lending shows the Bank knows the risks of doing nothing are too great given the worsening economic forecasts Faced with the shock to the economy of the Brexit vote, the Bank of England had a choice. It could sit tight and hope ...
Larry Elliott Economics editor / Guardian | Thu, 4 Aug 2016 11:46:38
Brexit rescue: UK interest rates slashed
The Bank of England cut interest rates for the first time in 7 years and unveils more stimulus measures in a bid to limit an economic slump caused by the Brexit vote.
CNN | Thu, 4 Aug 2016 11:45:12
Bank of England Cuts Interest Rate to Historic Low, Citing Economic Pressures
The central bank’s Monetary Policy Committee lowered its benchmark interest rate to 0.25 percent, the lowest level in the bank’s 322-year history.
CHAD BRAY / NY Times | Thu, 4 Aug 2016 11:45:06
Bank of England cuts interest rate to record low
LONDON - The Bank of England on Thursday cut interest rates to a record low 0.25% in a broad stimulus package, citing the weaker economic outlook after the shock Brexit vote.
Bangkok Post | Thu, 4 Aug 2016 11:45:00
BOE's Carney speaks after rate cut
Bank of England Governor Mark Carney answers questions about the effects of Brexit, at a press conference following the central bank's decision to cut rates for the first time since 2009.
CNBC | Thu, 4 Aug 2016 11:44:00
BoE's Carney: UK's adjustment to Brexit vote may prove difficult
LONDON, Aug 4 (Reuters) - Bank of England Governor Mark Carney said on Thursday that Britain's vote to leave the European Union marked a "regime change" for the economy and that adjusting to this new...
Reuters | Thu, 4 Aug 2016 11:42:26
If only someone had warned us
The title is pinched from a tweet by Tony Yates, who was one of manyeconomists who did warn of the impact of Brexit. Of course we economists need to ask ourselves if and why our message was ignored, but that is no reason to stop us feeling angry that it ...
Mainly Macro | Thu, 4 Aug 2016 11:35:00
Brexit rescue: Interest rates slashed
The Bank of England cut interest rates for the first time in 7 years and unveils more stimulus measures in a bid to limit an economic slump caused by the Brexit vote.
CNN | Thu, 4 Aug 2016 11:29:09
Brexit rescue: Bank of England slashes interest rates
The Bank of England cut interest rates for the first time in 7 years and unveils more stimulus measures in a bid to limit an economic slump caused by the Brexit vote.
CNN | Thu, 4 Aug 2016 11:23:34
UK central bank unveils stimulus to counter Brexit jitters
LONDON (AP) - The Bank of England has cut its key interest rate for the first time since the global financial crisis and offered other stimulus measures as it tries to jumpstart an economy shocked by Britain's vote to leave the European Union.
Associated Press | Thu, 4 Aug 2016 11:23:28
Brexit rescue: Bank slashes interest rates
CNN | Thu, 4 Aug 2016 11:23:18
Bank of England Rubbish Osborne's Brexit Fibs
George Osborne's claim that voting to Leave would cause a year-long recession has been demolished by the Bank of England. Osborne's Treasury forecast of the two years following a Leave vote predicted GDP at between -3% and -6%. Today's Bank of England numbers forecast GDP unchanged at 2% for 2016, ...
WikiGuido / Guy Fawkes' blog | Thu, 4 Aug 2016 11:21:17
Bank of England cuts rate to lowest in history, boosts stimulus in face of Brexit threat
The Bank of England cut its key rate for the first time in more than seven years and will restart the printing presses as it ramps up defences against a Brexit-induced slump
Scott Hamilton, Bloomberg News / Financial Post | Thu, 4 Aug 2016 11:19:00
Right to use monetary policy to support economy through Brexit -Hammond
LONDON, Aug 4- It is right to use monetary policy to support the economy as Britain leaves the European Union, finance minister Philip Hammond said on Thursday after the Bank of England cut interest rates for the first time since 2009.. The central bank lowered its main lending rate to ...
CNBC | Thu, 4 Aug 2016 11:18:00
How Brexit will affect schemes' VAT claims
HMRC has been wrangling with a recent EU judgement saying DB schemes could reclaim VAT. With Brexit on the horizon, James Phillips explores whether the attempt is futile
James Phillips / Professional Pensions | Thu, 4 Aug 2016 11:15:00
Bank of England cuts rates to 0.25%, sees Brexit biting UK economy
The U.K. central bank cut rates for the first time in over seven years, slashed growth forecasts and launched a new monetary policy weapon.
CNBC | Thu, 4 Aug 2016 11:13:00
10 things you need to know before the opening bell
Here is what you need to know. The Bank of England cut rates. In a unanimous vote, the central bank lowered its benchmark interest rate 25 basis points to a record low 0.25% as it looks to stabilize the British economy following the Brexit vote. The bank also announced it ...
Money Game | Thu, 4 Aug 2016 11:06:00
Bank of England Unveils Stimulus Measures to Help Economy
The Bank of England has cut its key interest rate for the first time since the global financial crisis, to a new record low of 0.25 percent.
U.S. News | Thu, 4 Aug 2016 11:05:32
Bank of England cuts UK interest rates to 0.25%
Interest rates have been cut to a fresh record low from 0.5% UK interest rates have been cut for the first time in seven years as part of a wide package of Bank of England measures to shore up the economy in the wake of the Brexit vote. Related: Bank ...
Katie Allen / Guardian | Thu, 4 Aug 2016 11:05:19
Bank of England Cuts Rate to Historic Low, Citing Economic Pressures After Vote
The central bank’s Monetary Policy Committee lowered its benchmark interest rate to 0.25 percent, the lowest level in the bank’s 322-year history.
CHAD BRAY / NY Times | Thu, 4 Aug 2016 11:05:18
Britons, it's your patriotic duty in the age of Brexit to hit the town and drink like you've never drunk before
Charlie Peters / Telegraph | Thu, 4 Aug 2016 11:04:59
The Bank of England cuts rates
The Bank of England on Thursday cut interest rates for the first time since 2009, taking the Bank's base rate from 0.5% to 0.25% - lower than at any other point in UK history. The rate cut was widely expected following the Brexit vote on June 23. Several recent forecasts, ...
Will Martin / Business Insider | Thu, 4 Aug 2016 11:00:31
Wales and the Brexit vote: a case of turkeys voting for Christmas?
Wales voted leave by a margin of 52.5 per cent. It is an interesting case study of how people voted against their own material self interest, to increase their precarity, and to become even poorer than they already are, writes Daniel Evans. Before the referendum, he also predicted that that ...
Blog Admin / British Politics and Policy at LSE | Thu, 4 Aug 2016 11:00:28
Goldman Sachs says Brexit could adversely affect operations
(Reuters) - Goldman Sachs Group Inc said on Thursday that Britain's vote to leave the European Union may adversely affect some of its operations in the EU and could require the bank to restructure some of its businesses. Goldman said in a U.S. regulatory filing that Brexit would also likely ...
Business Insider | Thu, 4 Aug 2016 10:43:19
UK government needs to implement productivity plan: BoE
What can the U.K. government do to mitigate and cushion the shock of Brexit? Bank of England governor Mark Carney weighs in.
CNBC | Thu, 4 Aug 2016 10:43:00
BoE's Carney Has Two Choices
Investors are jaded with central bank decisions, yet in a matter of three-weeks the Bank of England (BoE) this morning readdresses the fallout of the historic Brexit decision. Recent U.K data has been dismal - reports point to slumping growth this quarter. In July, BoE official's surprised investors by keeping ...
Dean Popplewell / OANDA | Thu, 4 Aug 2016 10:25:00
What Brexit can teach America
'The electorate is losing its fear of leaping into the unknown. Nobody can assume that Trump will lose "just" because he presents a risk'
Gillian Tett | Thu, 4 Aug 2016 10:12:18
Brexit puts brakes on auto industry as new car sales slow
Alan Tovey / Telegraph | Thu, 4 Aug 2016 09:40:35
UK central bank to help economy through Brexit with stimulus
LONDON- The Bank of England is expected to cut its key interest rate closer to zero on Thursday and possibly inject billions in new money into the financial system as it tries to shore up an economy weighed down by the uncertainty over the vote to leave the European Union. ...
CNBC | Thu, 4 Aug 2016 09:33:00
BoE to ease policy but can't address Brexit uncertainty - MUFG
Lee Hardman, Currency Analyst at MUFG, suggests that after stalling for time last month, the Bank of England is set to announce further monetary easin
Sandeep Kanihama / FX Street | Thu, 4 Aug 2016 09:14:01
Asean expects China, Brexit to slow economic growth
VIENTIANE - Economic growth in Asean countries was expected to dip to 4.5% in 2016 from 4.7% last year due to China's slowdown and uncertainties related to Britain's vote to leave the European Union, the member states said in a statement.
Bangkok Post | Thu, 4 Aug 2016 08:56:00
Germany is writing to UK startups to try and persuade them to move to Berlin after Brexit
A German politician is writing to London startups in an attempt to persuade them to relocate to Berlin after the Brexit vote. Berlin Senator for Economics, Technology and Research Cornelia Yzer is warning British companies that remaining in Britain after the country leaves the European Union will damage their businesses, ...
Rob Price / Business Insider | Thu, 4 Aug 2016 08:52:04
Will BoE delight or shock markets today?
Is the Bank of England expected to cut interest rates at its latest meeting on Thursday, in light of the Brexit result? CNBC's Geoff Cutmore reports.
CNBC | Thu, 4 Aug 2016 08:15:00
The UK searches for a post-Brexit plan: is the EEA a viable option?
Open Europe's Pawel Swidlicki assesses whether adopting the EEA model, or some variant of it, is a viable post-Brexit option. In the long-term, the EEA model would not work given its failure to fully meet most of the Leave side's key objectives as set out during the referendum campaign but ...
Pawel Swidlicki / Open Europe | Thu, 4 Aug 2016 08:05:17
I am not sure what a rate cut will achieve: Aviva CEO
Mark Wilson, Aviva CEO, discusses the state of the U.K. economy following Brexit and comments on a potential interest rate cut by the Bank of England.
CNBC | Thu, 4 Aug 2016 08:03:00
Bank of England expected to offset Brexit hit
A rate cut for the first time since 2009? Looks that way.
USA Today | Thu, 4 Aug 2016 08:02:17
UK banks pin Brexit hopes on financial crisis bailout negotiator
By Andrew MacAskill and Huw Jones LONDON (Reuters) - In early October 2008, then Business Minister Shriti Vadera called a secret meeting of bankers and government officials on the top floor of Standard Chartered's City of London headquarters to address Britain's biggest peacetime crisis. The collapse of Lehman Brothers two ...
Business Insider | Thu, 4 Aug 2016 07:58:22
UK banks pin Brexit hopes on financial crisis bailout negotiator
LONDON, Aug 4- In early October 2008, then Business Minister Shriti Vadera called a secret meeting of bankers and government officials on the top floor of Standard Chartered's City of London headquarters to address Britain's biggest peacetime crisis. The collapse of Lehman Brothers two weeks earlier- the biggest bankruptcy in ...
CNBC | Thu, 4 Aug 2016 07:40:00
Is a rate cut from the BoE right?
The Bank of England (BoE) might be about to cut its benchmark rate to cushion a likely post-Brexit downturn, but there is unease in some quarters.
CNBC | Thu, 4 Aug 2016 07:07:00
The Bank Of England's Brexit Reaction - Lower Interest Rates And More QE?
The Bank of England will, later today, announce its reaction to the uncertainties in the British economy created by Brexit, the vote to leave the European Union. Current thoughts are that it will do one or both of the following, lower interest rates from their current 0.5% and or revive ...
Tim Worstall, Contributor / Forbes | Thu, 4 Aug 2016 06:58:00
Back to a low vol FX world?
This is from HSBC's FX team, they of most fervent RORO use , who basically think that if Brexit, the Turkish coup attempt and the BoJ's not pulling the trigger as expected didn't rattle the markets properly then something must be up. To demonstrate this, they take us back to ...
FT Alphaville | Thu, 4 Aug 2016 06:54:44
Can BoE Satisfy Markets on Super Thursday?
It's been six weeks since the UK voted to leave the EU and today we're likely to get the first response to the vote, with the Bank of England widely expected to announce fresh stimulus measures for the first time in four years. Prior to the Brexit vote, Governor Mark ...
Craig Erlam / OANDA | Thu, 4 Aug 2016 06:41:52
This is the one good reason why the Bank of England shouldn't cut rates today
I've one very good reason why Mark Carney, Governor of the Bank of England (BoE), shouldn't cut UK interest rates this week. That's not to say he shouldn't do anything at all in terms of additional monetary stimulus. Intervention is very likely to be required in light of Brexit, and ...
Mike van Dulken, Accendo Markets / Business Insider | Thu, 4 Aug 2016 06:24:00
ECB's Weidmann: Brexit vote does not fundamentally change economic outlook for the Euro Zone
European Central Bank (ECB) governing council member and Bundesbank President Weidmann was out on the wires last minutes, via Reuters, shrugging-off a
Dhwani Mehta / FX Street | Thu, 4 Aug 2016 06:04:53
Strong financial progress and Brexit opportunities, says Communisis CEO
Integrated market services company Communisis PLC (LON:CMS) tells Proactive Investors that it has seen "a good sales story in the second half, driven by reducing the cost base." "Overall we've made good progress and we're proud of these numbers," says chief executive Andy Blundell. "We've had a good start to ...
Proactive Investors | Thu, 4 Aug 2016 06:01:00
Can technology save the NHS?
The NHS has been facing considerable funding and service challenges. In response, a potentially damaging plan aiming to 'reset' the £2.45bn record deficit has been launched, while the impact of Brexit will only make things worse. Bob Hudson explains how bottom-up technology initiatives, backed by a robust strategy, can help ...
British Politics and Policy at LSE | Thu, 4 Aug 2016 06:00:35
FirstFT - UK business activity contracts, knife attack in central London and how Europeans feel about Brexit
Sign up to receive FirstFT by email here The most wide-ranging survey of British business activity since the vote to leave the EU showed its sharpest drop in at least 20 years, adding to pressure on the Bank of England to take stronger action on Thursday to prevent a recession. ...
Bryan Harris / FT Alphaville | Thu, 4 Aug 2016 05:49:03
BoE: Base case is for a dovish market outcome - TDS
Research Team at TDS, notes that the UK MPC releases its long-awaited post-Brexit decision today. Key Quotes "All options are on the table, but ulti
Sandeep Kanihama / FX Street | Thu, 4 Aug 2016 05:48:14
British PM May promises to help small businesses navigate Brexit
LONDON (Reuters) - British Prime Minister Theresa May will tell small business owners on Thursday that she wants to help them take advantage of the opportunities provided by Britain's vote to leave the European Union. The June 23 Brexit vote has raised serious questions about the future of the world's ...
Business Insider | Thu, 4 Aug 2016 05:33:13
Prime house prices are falling in London, but not because of Brexit
House prices in prime London locations have fallen 1.5% in the year up to July -but Brexit has little to do with it, according to property agent Knight Frank. Knight Frank said in its July report into the London prime property market that though the uncertainty surrounding Brexit made the ...
Matthew Nitch Smith / Business Insider | Thu, 4 Aug 2016 05:30:00
Quartz vs. Cosmopolitans: Social Scientists Need to Learn from Their Brexit Blunder
Link to the Column on Quartz Here is the full text of my 67th Quartz column, "Social scientists need to learn from their Brexit blunder, so we can learn from them," now brought home to It was first published on June 29, 2016. Links to all my other columns can ...
Confessions of a Supply-Side Liberal | Thu, 4 Aug 2016 04:30:16
Seven questions for the Bank of England
BoE will on Thursday present first assessment of impact of Brexit vote and how it intends to respond
FT | Thu, 4 Aug 2016 04:30:14
Wells Fargo has shrugged off the Brexit blues
US banking giant Wells Fargo & Co said Wednesday that it did not experience any material impact on its UK or other foreign businesses as a result of the pro-Brexit vote last month.
Here Is The City | Thu, 4 Aug 2016 04:26:11
Shaun Ley: The Irish dimension of Brexit
What impact will Brexit have on the economies of - and relations between - Northern Ireland and the Republic?
BBC | Thu, 4 Aug 2016 04:05:58
GBP/USD Intermarket: UK mining stocks risk sell-off if GBP rallies after BOE rate decision
FTSE 350 mining index and the major mining stocks in FTSE 100 index had been more or less mimicking the move in oil prices until Brexit vote happened
Omkar Godbole / FX Street | Thu, 4 Aug 2016 03:58:27
As a British expat in the EU, what should I do?
Does Brexit change how I should organise my finances?
FT | Thu, 4 Aug 2016 03:00:20
After Brexit, climate science denialists form new group to call for "Clexit"
New fossil fuel lobby group - including some Australian business identities such as Hugh Morgan - sign statement attacking climate science, renewable energy and the UN.
Graham Readfearn / Renew Economy | Thu, 4 Aug 2016 01:41:48
BoE rate call looms, Asian shares firm as oil rebounds for now
By Hideyuki Sano TOKYO (Reuters) - Investors are counting on the Bank of England to cut interest rates to a record low 0.25 percent later on Thursday to support an economy that has slumped since the Brexit vote. The expected BoE cut would be the first since 2009 as Britain's ...
Business Insider | Thu, 4 Aug 2016 01:22:23
GLOBAL MARKETS-BoE rate call looms, Asian shares firm as oil rebounds for now
TOKYO, Aug 4- Investors are counting on the Bank of England to cut interest rates to a record low 0.25 percent later on Thursday to support an economy that has slumped since the Brexit vote. Asian shares firmed on Thursday after a rebound in oil prices from four-month lows helped ...
CNBC | Thu, 4 Aug 2016 01:18:00
London Luxury House Prices Keep Falling After Brexit Vote
High-end house prices in central London have continued to fall after the Brexit vote, according to property broker Knight Frank.
WSJ | Thu, 4 Aug 2016 01:17:35
In ‘Reverse Brexit,’ India Overhauls Tangled Tax System
The new measure, a victory for Prime Minister Narendra Modi, will replace a thicket of state and federal levies with a single economic zone.
ELLEN BARRY and HARI KUMAR / NY Times | Thu, 4 Aug 2016 00:25:17
The Bank of England's Brexit Bailout
Bank of England's Brexit Bailout The Bank of England's Mark Carney already averted a panic. It'sup to British Prime Minister Theresa May to fend off malaise, the Wall Street Journal writes in an editorial.The Bank of England's Brexit BailoutThe Bank of England's Brexit BailoutMark Carney already averted a panic. It's ...
WSJ | Wed, 3 Aug 2016 23:15:35
Under Brexit threat, Bank of England expected to cut rate, add stimulus Thursday
The Bank of England is expected tomorrow to do something it hasn't done in seven years - cut its key lending rate and, if investors get their wish, throw in a heft dose of stimulus spending
Gordon Isfeld / Financial Post | Wed, 3 Aug 2016 23:02:46
Glum or glad, Europeans respond to Brexit
Swedes are saddened but Russians welcome Britain's decision to leave the EU
FT | Wed, 3 Aug 2016 23:01:05
Singapore Rich List 2016: Top 50 Fortunes Stay Steady Amid Slowdown
Overall wealth remains on course amid a sluggish economy and Brexit turmoil.
Naazneen Karmali, Forbes Staff / Forbes | Wed, 3 Aug 2016 21:28:00
The Guardian view on farming: not about food | Editorial
Brexit is a chance to rethink what farming's for, says Britain's biggest landowner, the National Trust. But what will we put on our plates then? Rural England and Wales was the bedrock of the Brexit vote. It may well be in the countryside that the impact of the decision first ...
Editorial / Guardian | Wed, 3 Aug 2016 19:17:46
Experts, Facts, and Media
Antonio Fatás Experts, facts and media: Jean Pisani-Ferry has written a very interesting post about the need for trusted experts in a democracy. The post addresses the criticisms that economic experts have received as a result of the Brexit vote....
Economist's View | Wed, 3 Aug 2016 19:01:17
An economic policy reset is now essential | Letters
In the wake of June's Brexit vote, the outlook for the UK economy is more uncertain than at any time since 2008. Mark Carney has promised that the Bank of England will do "whatever it takes" to support growth. But with interest rates at historic lows, and questions being raised ...
Letters / Guardian | Wed, 3 Aug 2016 18:46:21
British Pound 6 Month Outlook 2016 2H
What's happened since the Brexit vote? The month following the surprise vote by the U.K. to leave the European Union has been an eventful one and yet, the world has not quite come to an end, well not yet anyway. The resignation of David Cameron and the leadership contest that ...
Alfonso Esparza / OANDA | Wed, 3 Aug 2016 18:32:55
U.S.-based world stock fund outflows highest since Brexit -ICI
By Trevor Hunnicutt NEW YORK, Aug 3 (Reuters) - Withdrawals from U.S.-based international stock mutual funds in the latest week hit the highest level since the Brexit vote, Investment...
Reuters | Wed, 3 Aug 2016 17:16:25
ICE backs London but admits Brexit fears
US exchanges group says EU uncertainty put it off LSE bid
FT | Wed, 3 Aug 2016 16:55:33
New regulatory breach revealed as HSBC profits slide 29%
Bank admits compliance issues in US and reveals requests from world regulators after Panama scandal HSBC has admitted it is breaching a US regulator's order to bolster its defences against financial crime, as the UK's biggest bank announced a slump in first-half profits in markets hit by Brexit. The bank ...
Jill Treanor / Guardian | Wed, 3 Aug 2016 16:53:35
'Throw the kitchen sink at the problem': Bank of England expected to launch stimulus measures
The Bank of England is expected to unveil Thursday stimulus measures including a rate cut and, possibly, the creation of billions in new money as the U.K. economy sputters in the wake of the Brexit vote.
The Associated Press / CBC | Wed, 3 Aug 2016 16:28:16
Why This Boring Market Is About to Get a Lot Wilder
Getty Images Anthony MirhaydariAugust 3, 2016 Did you notice? The past four weeks have been the most boring market period in 21 years, according to LPL Financial. After the historic post-Brexit rebound, U.S. large-caps have been relegated to a super-tight trading range, with the S&P 500 hovering in a mere ...
jherr / Fiscal Times | Wed, 3 Aug 2016 16:25:22
Misery 3
Misery Week continues here at GreaterFool, where we hope you're having a memorable day chock full of disturbing insights and a gnawing feeling your mom was wrong. The summer of 2016 will not pass without delivering a boatload of change. It started with Brexit, devolved into Trumpianism and has moved ...
Greater Fool | Wed, 3 Aug 2016 16:10:08
UK faces 'mild recession' as economy shrinks at fastest rate since 2009 - as it happened
US jobs figures better than expected UK service sector sees sharp contraction after Brexit vote Eurozone growth slightly better than expected Germany sees strong service sector performance But France business activity virtually flat Italy and Spain both fall back 4.55pm BST The FTSE 100 index has closed 11 points lower ...
from 14:30 BST / Guardian | Wed, 3 Aug 2016 15:55:19
WSJ City's Brexit Briefing: HSBC and StanChart Reduce Key Targets, London's Luxury House Prices Fall
Good afternoon from London. Here's essential reading for the City on today's Brexit developments from WSJ City. For updates throughout the day, you can download WSJ City for iPhone here or Android here. You'll need to open this email on your mobile device to do this. And you can sign ...
Darren Lazarus / MoneyBeat | Wed, 3 Aug 2016 15:49:35
UK Faces 50 Percent Change of Falling Into Recession Following Brexit Vote
BBC.
BBC. / World Affairs | Wed, 3 Aug 2016 15:29:00
Brexit Britain: sovereignty is not a licence to disregard international law
The language of sovereignty and supremacy was rife in the EU referendum debates. According to leading Brexiter Boris Johnson, it was the deciding factor in the vote to leave the EU. He said that the "only change" in Brexit will be that "the UK will extricate itself from the EU's ...
Charlotte O'Brien, Senior Lecturer in Law, University of York / The Conversation | Wed, 3 Aug 2016 15:13:34
Gold prices boosted by "perfect storm" industry body says
Is the face of investing changing slightly? Well, according to the World Gold Council it might be. In its latest analysis, the trade body cites a "perfect storm" of failing monetary policy and economic uncertainty post-Brexit for a 29% rise in the price of gold since the start of the ...
Proactive Investors | Wed, 3 Aug 2016 14:30:00
Scotch whisky industry warns of post-Brexit tariffs
Whisky group calls for policy that is 'as open and free-trading as possible' as it could lose significant tariff reductions in foreign markets
Martinne Geller / Globe and Mail | Wed, 3 Aug 2016 14:14:40
The Europe of Peoples Destroys Itself
photo: Peter Kurdulija On reading the deluge of comments on the outcome of the "Brexit" referendum, you may notice that there is (at least) one diagnosis of the fateful event on which and agree: Europe is too distant from the people, and the slave of technocratic bureaucracies. Too bad that ...
Roberto Tamborini / EconoMonitor | Wed, 3 Aug 2016 14:10:33
Chinese Growth Staying Close to Target, Despite Bleak Global Prospects
photo: Thomas Depenbusch Assuming no surprises in the second half of the year, China's growth in 2016 will remain near the target of 6.5 percent reflecting structural transition in the mainland, secular stagnation in the West and post-Brexit tensions globally. In mid-July, China's second-quarter GDP figures beat estimates with a ...
Dan Steinbock / EconoMonitor | Wed, 3 Aug 2016 14:10:26
World Bank president: Brexit 'contributed to slow growth'
The president of the World Bank says Brexit has had a negative impact on the global economy, creating difficulties for developing countries
BBC | Wed, 3 Aug 2016 14:10:05
Sharp Brexit slowdown in services sector signals recession, economists say
Christopher Williams / Telegraph | Wed, 3 Aug 2016 14:08:49
BoE Set to Cut Rate to Address Post Brexit with More QE a Possibility
With the British economy in its deepest trouble since the global financial crisis in the wake of the vote to leave the European Union, the Bank of England is expected to unveil Thursday stimulus measures including a rate cut and, possibly, the creation of billions in new money. Early indicators ...
Alfonso Esparza / OANDA | Wed, 3 Aug 2016 13:59:47
Euro Zone PMI Rises Above Expectations Post Brexit
Euro zone business activity expanded a touch faster than expected last month as the region appeared, so far, to have largely shrugged off Britain's vote to leave the European Union, a survey found. The latest increase, which came alongside some of the fastest hiring growth in the euro zone since ...
Alfonso Esparza / OANDA | Wed, 3 Aug 2016 13:54:30
Despite Lower Rates Mortgage Applications Drop in US
A slight drop in interest rates was not enough to rejuvenate the mortgage market, although refinances are still elevated since the Brexit vote caused the initial rate plunge. Total mortgage application volume fell 3.5 percent last week on a seasonally adjusted basis from the previous week, according to the Mortgage ...
OANDA | Wed, 3 Aug 2016 13:52:42
The Law and Brexit II
Since our prior post, we now have a new UK Government in place, with a new Prime Minister and a new "Secretary of State for Exiting the European Union." The shape of the UK's future relationship with the EU, or even the key objectives of the new UK Government in ...
Harvard Law School Forum | Wed, 3 Aug 2016 13:28:18
Gold Slides Off Brexit-Spike Highs, Oil Tumbles As Dollar Jumps
Having rallied back up to Brexit day spike highs at $1370, it appears - despite equity weakness - that a sudden burst of USD buying has sparked a brief slide in precious metals with gold retracing some of yesterday's gains... Oil prices are also sliding on USD strength (having tagged ...
Tyler Durden / Zero Hedge | Wed, 3 Aug 2016 13:16:54
London Luxury House Prices Keep Falling After Brexit Vote
High-end house prices in central London have continued to fall after the Brexit vote, according to property broker Knight Frank.
WSJ | Wed, 3 Aug 2016 13:08:55
Warning - London could lose status following Brexit
London's financial lobby group warned that the city's status as the world's pre-eminent financial hub could be undermined if the U.K. loses the right to sell its services freely within the European Union as doubts mount over Britain's ability to retain full access to the trading bloc.
Here Is The City | Wed, 3 Aug 2016 13:02:34