Market turmoil as Britain chooses Brexit

  • 24 June 2016
  • From the section Business
ETX trading floor Image copyright ETX Capital

Those who support Brexit say that it is now time for a calm and considered approach.

It is not clear the markets will allow for that.

As Bill O'Neill, the head of the UK investment office at UBS Wealth Management, said: "The markets will not wait, they are a discounting machine and they will over-react first, think later."

We have already seen a taster of that reaction to the referendum decision.

FTSE Futures, the index traded ahead of the opening of the London markets, is down nearly 9%.

Read full article Market turmoil as Britain chooses Brexit

Pound rises - do markets believe Remain has won?

  • 23 June 2016
  • From the section Business
Pound coins and notes Image copyright PA

Investors know no more than the rest of us about who has won. But the markets seem to think that Remain has had a strong day at the polls.

Sterling hit a 2016 high today against the dollar and could be on track for one of its strongest weeks on the markets - in terms of increase in value - for 30 years.

Read full article Pound rises - do markets believe Remain has won?

The City and Brexit – a fresh warning on euro trading

  • 21 June 2016
  • From the section Business
City of London skyline Image copyright Getty Images

In the Mansion House speech that was abandoned last week due to the murder of Jo Cox MP, George Osborne was due to warn on the impact on financial services if Britain leaves the European Union.

Many major banks, such as JP Morgan and HSBC, have said that jobs could be lost in the capital.

Read full article The City and Brexit – a fresh warning on euro trading

Carney and Vote Leave clash over EU battle

  • 16 June 2016
  • From the section Business
Mark Carney Image copyright Reuters

The Governor of the Bank of England has sent an angry response to one of the most senior figures in the Vote Leave campaign after being warned about rules banning "any public comment" in the run up to the referendum.

Mark Carney's three-page letter, obtained by the BBC, says that what senior Bank officials considered a "threat" contained "numerous and substantial" misconceptions.

Read full article Carney and Vote Leave clash over EU battle

Brexit - and stay in the single market? Here's how

  • 10 June 2016
  • From the section Business
Eu and union flag on Southwold beach Image copyright Getty Images

Free movement of people is a fundamental principle of the European Union single market.

It is the right of any EU citizen to seek work in any other country in the EU.

Read full article Brexit - and stay in the single market? Here's how

Will pensions be hit by Brexit?

EU and Union Jack flags Image copyright Getty Images

House prices lower, unemployment higher, real incomes down, a year long recession and now, poorer pensioners.

It might seem but a short wait for the Four Horsemen of the Apocalypse, given the amount of gloomy economic analysis that has been published on what may happen should Britain vote to leave the European Union.

Read full article Will pensions be hit by Brexit?

Brexit forecasts can be wrong, it doesn't mean they are pointless

The flag of the European Union and the Union flag sit on top of a sand castle on a beach Image copyright Getty Images

When I asked Christine Lagarde about the fact that the International Monetary Fund had been wrong in the past about its forecasts for the British economy, she gave a disarming response.

"Yes, on occasion we have been wrong," the managing director said earlier this month.

Read full article Brexit forecasts can be wrong, it doesn't mean they are pointless

Brexit 'could lead to 18% house price slump'

For sale signs stand outside properties Image copyright Getty Images

A Treasury analysis of the "short term" economic impact of leaving the EU will claim that house prices could be 18% lower than under a remain scenario.

The BBC can reveal the report, to be released next week, will argue that Brexit would create a series of economic shocks which would have an impact on housing, employment and wages.

Read full article Brexit 'could lead to 18% house price slump'

Fujitsu chairman adds voice to pro-EU push

Masami Yamamoto
Image caption Masami Yamamoto said the UK is the centre of the European Union

The chairman of Fujitsu has warned that if Britain leaves the European Union (EU) it would reconsider its investments in the UK.

Masami Yamamoto told the BBC that Britain was at the heart of the "European region" and that his company, the largest Japanese employer in the UK, wanted it to remain so.

Read full article Fujitsu chairman adds voice to pro-EU push

Carney lights blue touch-paper on 'material' referendum risk

Mark Carney

Giving evidence to the House of Lords economics committee last month, the governor of the Bank of England explained his approach to assessing the possible economic impact of the European Union referendum.

"Assessing and reporting risks does not mean becoming involved in politics," Mark Carney told peers.

Read full article Carney lights blue touch-paper on 'material' referendum risk