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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EU referendum: Sterling hits five-month high against the dollar

June 21, 2016

The pound has soared to its highest level against the dollar since David Cameron set the date for the EU referendum, as Brexit fears eased and banks shunned the offer of emergency cash from the Bank of England. Sterling hit a high of $1.4783 this morning – well up on the lows of $1.41 plumbed [...]
George Osborne accused of ignoring the deficit as government borrowing remains high

June 21, 2016

The government's cash shortfall edged down slightly in May, though not enough to put a significant dent in its still-hefty budget deficit. Public sector net borrowing – the amount the government has to borrow to cover the difference between its income and spending – was £9.7bn in May, four per cent down on the same [...]
EU referendum: Brexit fallout could be as bad as Lehman Brothers collapse according to financial markets

June 21, 2016

Financial markets are pricing in a fallout on the scale of the Lehman Brothers collapse if the UK votes to leave the European Union, researchers have said, after the FTSE 100 and sterling soared following growing support for the Remain camp. Analysts at Oxford Economics said market behaviour over the last few weeks in response the the swinging [...]
EU referendum: David Beckham comes out in favour of Remain

June 21, 2016

One of England's most celebrated footballers of recent years has made a rare political intervention just two days before the referendum, declaring how they he be casting his vote. David Beckham, former England captain and famous number seven, who shot to fame at Manchester United and had spells at Real Madrid, AC Milan, Paris St Germain and LA Galaxy, said this morning [...]
EU referendum: Stock markets and currencies poised for unprecedented volatility before Brexit vote

June 20, 2016

Financial markets are bracing themselves for one of the most volatile weeks of trading in living memory ahead of the EU referendum. Analysts said this week could unleash “chaos” on the stock markets, with volatility already sky-high and indexes across the world bouncing up and down on the slightest whiff of referendum news. Sterling, meanwhile, [...]
The new housing crisis is upon us – and it’s those who already own property that should be worried

June 18, 2016

We hear an awful lot about the "housing crisis" in the UK and – particularly – in the capital. At one end of the ladder, rents are rising faster than wages and house prices are going up quicker than people can save for a deposit. At the other, new taxes and regulations on second homes [...]
EU referendum: French minister says there will be no compromise after Brexit

June 18, 2016

One of France's most senior ministers has warned the UK if it votes to leave the European Union in next week's referendum he will drive a hard bargain over the terms of its exit. Emmanuel Macron, France's economy minister and seen as a rising star of French politics, said the UK should be prepared for a [...]
Boris Johnson: I don’t want Cameron’s job (straight) after EU referendum

June 18, 2016

Boris Johnson has signed a letter calling for David Cameron to stay on as prime minister whatever happens in next week's EU referendum. The former Mayor of London has called on other Brexit-backing MPs to put their name to the letter, currently circulating Westminster, which says that even if the UK votes to leave, Cameron [...]
Accused murderer of Jo Cox, Thomas Mair, tells court his name is “death to traitors”

June 18, 2016

Thomas Mair, who is accused of murdering Labour MP Jo Cox, told a courtroom his name was "death to traitors, freedom for Britain," in an appearance at Westminster Magistrates Court this morning. The 52 year-old man repeated the statement when asked by the judge before refused to tell the court his real name and remaining silent when asked his date of birth [...]
British astronaut Tim Peake touches down after six months in space

June 18, 2016

Tim Peake has successfully touched down after his six month stint on the International Space Station (ISS) this morning, completing a mammoth return journey with a smooth landing in Kazakhstan this morning. The British astronaut, who arrived on the space station in December, landed at 10.15am this morning after a journey which lasted around three hours, but which [...]

Stagflation to batter UK economy as growth grinds to halt

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By: Jake Cordell

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