By: Jake Cordell

I'm City A.M.'s economics reporter, looking at the news, stories and data that move markets in the UK, Europe and around the globe. I also cover broader developments in the business and political worlds at home and abroad.

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ECB unlocks funding for Greek banks in latest step of recovery

June 22, 2016

The European Central Bank (ECB) has signalled the latest step in the Greek recovery this afternoon, as it geared up to reinstate emergency funding for Greek banks. Eurozone banks are usually able to get cheap loans from the ECB under its regular financing operations. However, that help was called in during the 2015 bailout saga as Greece teetered [...]
At the close: Remain relief rally starts early as FTSE 100 climbs ahead of Brexit vote

June 22, 2016

Perhaps all the decision makers were taking a breather. Maybe the big sellers have switched onto nights ahead of tomorrow. Or, has everybody in the City had enough of referendum news and just decided to ignore the potentially tumultuous event about to take place? There were just a few of the questions being asked to [...]
EU referendum: Financial markets are looking calm – for now

June 22, 2016

This time tomorrow, polls will be open, voters will be dripping into town halls, churches and school gyms to conduct their civic duty by putting a tiny mark next to a few words on a bit of paper and dropping it into a crusty old wooden box. That moment of calm – behind the curtain [...]
EU referendum: Record number of people registered to vote, says Electoral Commission

June 22, 2016

A record number of people are eligible to vote in tomorrow's EU referendum, after the biggest ever voter registration drive helped hundreds of thousands get their names on the electoral roll. Provisional figures released by the elections watchdog, the Electoral Commission, show 46.5m people signed up to vote tomorrow – 150,000 more than could have [...]
London drops down list of world’s most expensive cities

June 22, 2016

London has dropped five places in the latest ranking of the most expensive cities to live in, slipping behind rivals from Europe, Asia, Africa and America. The capital was found to be the 17th priciest city in the world to call home on a calculation which takes into account housing, subsistence, travel and entertainment costs, down from [...]
At the close: Calm before the storm for FTSE 100 and sterling

June 21, 2016

Referendum news was – unsurprisingly – talk of the town today, though there was no repeat of the violent volatility witnessed on the financial markets in recent days. The FTSE 100 extended its winning run, shaking off losses at the start of the session to close up 0.4 per cent at 6,226. Meanwhile, after a [...]
US Federal Reserve chair Janet Yellen says Brexit is delaying prospects for US rate hike

June 21, 2016

Janet Yellen has reiterated her view that the US Federal Reserve will move slowly and steadily when it comes to raising interest rates, citing fears over the UK’s EU referendum as one potential drag on the US economy. In her appearance before the Senate Banking Committee this afternoon, the Fed chair pointed to “considerable uncertainty about [...]
Banks reject offer to snap up Threadneedle Street’s pre-referendum emergency cash

June 21, 2016

UK lenders have shunned the latest offer from the Bank of England for emergency liquidity ahead of the EU referendum, just two days before voters head to the polls. In the second of the Bank's extraordinary auctions of short-term financing, where banks can swap assets for cash, only £370m was taken up by City institutions – the [...]
EU referendum: Confidence among private investors holds up ahead of vote

June 21, 2016

Confidence among private investors edged up this month, despite widespread talk of unprecedented market volatility in the run-up to the EU referendum. A poll of more than 1,000 UK investors for the Lloyds Bank investor sentiment index showed the outlook towards most types of assets had improved slightly over the last few weeks, but is still considerably [...]
Going for gold: Transactions for bullion soar ahead of Brexit vote

June 21, 2016

The flight to safe havens ahead of the EU referendum has led to a surge in transactions for gold bullion as the 23 June approaches. According to the Royal Mint there has been a 32 per cent jump in the number of transactions compared to last month, as sharp volatility on the stock markets and [...]

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