- Monday, 29 August 2016
- News
UK economy wasn't hurt by Brexit, according to recent reports
It’s early, but data so far suggest the British decision to leave the European Union could be another example of a recurring phenomenon: expert predictions of dire consequences to political decisions that end up proving overheated. In the days after the vote, global stock markets indeed fell sharply. Perhaps if it had been just a little bit worse, a broader panic would have sent things into a spiral. Instead, markets have rebounded. The FTSE 100 climbed to near-record levels by the middle of August. Nor has the wider economy shown many signs of a coming downturn.
Read more...- Monday, 22 August 2016
- News
Sterling higher despite no major data releases
Sterling was pushed higher today, though there were no major data releases. The pound was recovering after taking a hit on Friday, following a report from Bloomberg stating that UK Prime Minister Theresa May's team was still leaning towards the first part of 2017 as the best moment to trigger formal talks over the UK's withdrawal from the European Union. Reuters subsequently reported that May will not begin the formal talks before the end of the year, according to a government spokeswoman. "We don't recognize this briefing," the spokeswoman said when asked about the Bloomberg article. Read more...
- Wednesday, 13 July 2016
- News
Pound reacts positively on a Theresa May as a new Prime Minister
- Tuesday, 12 July 2016
- News
Carney indicates more stimulus after Brexit
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