US ratings agency Standard & Poors adding their own verdict 27 June downgrade also reflects risks of a marked deterioration external financing conditions GBPUSD lower at 1.3180 as S&P join others in giving a thumbs down to Brexit. Still remembering to sell those GBP rallies ? Excellent...
US White House out with a press statement 27 June 2016 TTIP remains a priority for Obama no updated timeline for TTIP deal following Brexit decision The Transatlantic Trade and Investment Partnership is the proposed trade agreement between the EU and US with the aim of promoting trade and multila...
A lot of market players seem to think so Credit Suisse think the next move in US rates will be a cut and they point to the big swing in FFR probabilities...
Hot out of her threesome with Hollande and Renzi Vote was regrettable and painful Hollande, Renzi and her agree on article 50 process We agree no informal Brexit talks before Brexit is filed EU reminas one of the strongest economies in the world...
Eurozone M3 money supply report 27 June 2016 4.6% prev household lending growth yy+1.6% vs +1.5% prev non-fin corp lending +1.4% vs +1.2% prev M3 still heading in the right direction which will please ECB. What remains to be seen though is actually where it's filtering into...
UK fin min Osborne now in Q&A session 27 June 2016 there will be need for action in the Autumn to address public finances Pre-Brexit he was scaring people that an emergency Budget would be needed with pension and welfare cuts...
UK finance minister Osborne making his scheduled statement 27 June 2016 market volatility will likely continue UK economy will have to adjust UK growth has been robust contingency plans are in place...
UK finance minister George Osborne makes a statement at 06.00 GMT before UK markets officially open 27 June 2016 Eamonn gave you the heads-up earlier. We can expect Osborne ( a Remain campaigner and under pressure to resign, as his PM has done) to try and calm the markets in the wake of Brexit...
Here's your Economic Data/Event Calendar for today 27 June 2016 Greetings one and all. I hope everyone got a chance to get some rest after last week's tumultuous events. Data wise it's quiet one today but I have the feeling the market won't be...
PM Modi has announced his short-list for candidates to be next Reserve Bank of India governor 27 June 2016 3 economists, 1 banker Urjit Patel, Rakesh Mohan, Subir Gokarn, Arundhati Bhattacharya Modi keen to select RBI's first MPC with inputs from outgoing gov Rajan Rajan expected to join search c...
New Zealand PM John Key addressing a news conference 27 June 2016 NZ has work to do on trade arrangements Govt has had assurances that trade access won't change for now too early to tell how international finance markets and hence funding costs for local banks will be affected the RBNZ would says...
Kazuo Momma (was the BOJ's executive director overseeing international affairs, until May) It is shared G7, G20 understanding that countries can take various steps, including fx intervention, if necessary Cannot set in advance specific pace of FX moves that justify intervention Don't see need for...
China's PM Li Keqiang speaking: Global trade growth is weak Brexit has increased uncertainty in the global economy Structural reforms needed for global economic recovery More...
After the Brexit, we had a sharp fall of the pound with a significant bounce...
After Brexit won, we had huge volatility. However, it is far from over as scrambling continues around European capitals. And also for the pound things could get ugly...
Voting is now underway in Spain's latest General Election 26 June 2016 Spain heads back to the polling stations again today a result of last December's election failing to produce a stable government. Attempts by acting PM Rajoy and then the opposition parties have all been unsuccessful...
Scotland's First Minister Nicola Sturgeon says her parliament could block the UK's vote to Leave 26 June 2016 Sturgeon has just been speaking on BBC TV where she said "of course" she would ask MSPs to refuse to give there "legislative consent...
In a welcome break from all things Brexit here's the latest thoughts of our guest economist and eminent monetarist John Hearn 26 June 2016 As always we welcome your comments/questions...
The opposition Labour party is having problems of its own 26 June 2016 In the wake of PM Cameron resigning on Friday, although not stepping down just yet, and calls for finance minister Osborne to follow suit we now have Shadow Government unrest further to that which I posted on yesterday...
A post that isn't about Brexit, so I know it'll be read by no one. I can put in rude pics and everything and they'll be none the wiser...
