No emergency Budget: George Osborne moves to calm markets – but pound stays lower June 27, 2016 The pound edged up against the dollar as George Osborne sought to calm markets first thing this morning, saying there will be no emergency Budget at least until a new Prime Minister is in place. Earlier this month, Osborne had said a Brexit vote could lead to an emergency Budget "within weeks" – but this morning Osborne [...]
Update: Here we go again? A petition for a second EU referendum has over 3m signatures, but it’s being investigated for fraud June 26, 2016 A petition calling for a second EU referendum has now reached over 3m signatures – meaning it must be considered for debate in parliament. At one point the online petition, launched by William Oliver Healy, was receiving signatures at such a rapid pace, the website crashed. "We the undersigned call upon HM Government to implement a rule [...]
Brexit: How long will it take and what are the UK’s options? Your EU referendum questions answered June 24, 2016 NULL
Angela Merkel: Europe will stand together June 24, 2016 German Chancellor Angela Merkel has echoed European Commission president Donald Tusk, saying Europe "will stand together". "The EU is one of the world's largest economic areas, a guarantor of peace and stability," she said. "We must engage with the world. I believe the world will stand united." Her words came after Tusk said he was "determined" to hold [...]
Here’s how Brexit will affect house prices, according to experts June 24, 2016 It's official: we're out, after almost 52 per cent of the UK population voted in favour of Brexit. There had been conflicting views of how a vote to leave the EU would affect house prices before the referendum took place, with some suggesting a falling pound would cause foreign buyers to flock to the UK property market, [...]
Housebuilding shares are being hammered by Brexit June 24, 2016 Shares in FTSE 100-listed housebuilders were hammered in early morning trading as investors panicked over the outcome of the EU referendum. Shares in Taylor Wimpey lost a third of their value, falling to 128.9p in early trading, while Persimmon fell 27.5 per cent to 1,520p and Berkeley Group fell 26.9 per cent to 430.2p. Meanwhile, Berkeley [...]
Yes to Brexit: How the City is reacting to the EU referendum result June 24, 2016 So the UK has voted in favour of Brexit – pushing the pound down against other currencies, and hitting stocks. For the most part, the City came out against Brexit during referendum campaigning – which was reflected in the result of its vote: 75.3 per cent in favour of a Remain vote. And as the City woke [...]
EU referendum results: FTSE futures plummet as Leave vote looks likely June 24, 2016 The FTSE 100 was set to fall by a near-record amount at the open with futures indicating an 8.2 per cent plunge – more than 500 points – in the first minutes of trading, after the UK voted to leave the EU. Last night the index closed at 6,338.1 points, up 1.23 per cent as [...]
EU referendum results: It will be months, rather than days, before the UK can trigger Article 50 and leave the European Union June 24, 2016 It may be several months before the UK can make its departure from the EU official, an expert has warned. The UK's vote to leave the European Union is unprecedented, leaving those in charge scratching their heads over what happens next. What's clear is the UK will have to trigger Article 50, the formal mechanism [...]
Bitcoin price has risen more than $100 in the last 12 hours as traders panic over the EU referendum results June 24, 2016 Bitcoin has risen in value by more than $100 in the last 12 hours, as traders panicked over the outcome of the EU referendum. Just before 4am its value was at $654.08 – up from $563.92 at 5pm yesterday, according to Coinbase. The pound was taking its worst battering in years after it fell more than seven [...]
