The Guardian (November 6)
“Everyone needs to calm down. The anger against the judges would be justified if they had declared the EU referendum invalid and banned Brexit. They did no such thing. They simply confirmed that parliament should have its proper place in the Brexit process. Of course it should.”
Tags: Anger, Brexit, EU referendum, Judges, Parliament, Process, UK
The Economist (November 5)
“It is rare for a court judgment to cause turmoil in the foreign-currency markets. Yet the pound soared on the morning of November 3rd after the High Court in London ruled that only Parliament has the authority to trigger Article 50 of the European Union treaty, the legal route for Britain to leave the EU.” The decision ignited market hopes “that Parliament might choose to block Brexit altogether or, perhaps more plausibly, that it will attach conditions,” increasing the likelihood of a “soft” Brexit.
Tags: Article 50, Brexit, Court, EU, Foreign currency, Judgment, Markets, Parliament, Pound
The Economist (October 8)
The Brexit journey “will be complex and perilous, beset by wrong turnings, chicanes and elephant traps…. and Mrs May will determine its course. If Britain is not to suffer a car crash, she must ignore the back-seat drivers and fix her eyes firmly on the road ahead.”
New York Times (October 5)
The Brexit “reality is that Britain has a lot to lose in leaving the union, and that putting a two-year limit on the negotiations further weakens an already shaky hand.” Following Prime Minister May’s announcement of a timetable for withdrawal, “the prompt plunge of the British currency to a 31-year low against the dollar provided a far louder response than the misguided cheers of her fellow Conservative Party members.”
Financial Times (July 26)
“There is a welcome sense among the world’s policymakers—at least, those outside the UK—that life is returning to the pre-EU referendum normal. The tasks of the Fed and the BoJ are not easy, particularly for the latter. But at least the challenges and the risks involved are looking a great deal more familiar.”
Tags: BOJ, Brexit, Challenges, EU, Fed, Policymakers, Referendum, Risks, UK
Institutional Investor (July 18)
Following a tumultuous weekend with a failed coup, another police officer shooting in the U.S., and continuing Brexit worries, investors may want to consider “whether security and geopolitical threats to stability will undermine the impact of aggressive easing actions of the world’s central banks. A recovery in the Turkish lira and global equity indices and a retreat in gold prices, seemingly fueled by the coup’s failure, suggests that at least some parts of the market believe central bank policymakers still trump security threats when it comes to financial asset valuation.”
Tags: Asset valuation, Brexit, Central banks, Easing, Equities, Failed coup, Geopolitical threats, Gold, Investors, Lira, Police, Recovery, Security, Shooting, Stability, Threats, Tumultuous, Turkey, U.S., Worries
Institutional Investor (July 4)
Post-Brexit “uncertainty has smacked executives at the London Stock Exchange Group and Deutsche Börse in the face. Europe’s two leading exchange operators are pressing ahead with their proposed $30 billion merger even though the referendum result poses a huge and uncertain political risk to the deal’s completion.”
Tags: Brexit, Deutsche Börse, Exchanges, LSE, Merger, Political risk, Uncertainty
The Independent (July 3)
“The economic threat facing the world is bigger than Brexit…. Something remarkable, and disturbing, has happened in recent days that carries a worrying message about the future of the world economy: the plunge in yields. They are lower now than they have ever been before – yes, ever – and they keep on falling. And the message they carry is that there will be a world-wide recession.”
The Economist (July 2)
“It is now a week since voters narrowly opted for Brexit, and the country has seldom looked so wildly off the rails. The prime minister has handed in his notice. The leader of the opposition is struggling to survive a coup. The pound hit a 31-year low against the dollar and banks lost a third of their value, before stabilising. Meanwhile there is talk in Scotland and Northern Ireland of secession.”
Tags: Banks, Brexit, Dollar, Northern Ireland, Opposition, Pound, Prime minister, Scotland, Secession, UK, Voters
Financial Times (June 30)
“The UK’s decision to leave the EU will not have any immediate, direct negative consequences for the ratings of states and major banks across Asia Pacific,” according to Fitch Ratings who also warned that “Japan could prove the exception…given the yen’s haven status and resultant strengthening posing a risk to policymakers’ planning.”
Tags: APAC, Banks, Brexit, Consequences, EU, Fitch, Haven Risk, Japan, Negative, Ratings, Sovereigns, UK, Yen
