EU Referendum
The UK has voted to leave the European Union in an historic referendum. Now the aftermath of that vote is reflected in the global financial reaction, statements from world leaders and analysis of what should happen next.
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Brexit vote, UK political confusion keep world markets on edge
Reuters UKBritain's vote to leave the European Union continued to reverberate through financial markets, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the confusion about the political and economic outlook. -
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Soccer fans mock as England dumped out of Europe twice in a week
Reuters UKEngland scored an ignominious double on Monday, becoming the first country to be dumped out of Europe twice in a week and in the process losing both its prime minister and national soccer team manager. -
Government puts sale of RBS, Lloyds stakes on hold after Brexit vote - sources
Reuters UKBritain's government has scrapped plans to sell stakes in Royal Bank of Scotland (RBS.L) and Lloyds Banking Group (LLOY.L) this year in the wake of the Brexit vote, sources said, a decision set to leave a multi-billion pound hole in its finances. The Treasury had planned to further reduce its exposure to the banks it took over during the financial crisis, by raising 9 billion pounds via sales of stock to fund managers and a discounted offer to the public. -
World stocks, sterling try to shake off Brexit blues
Reuters UKAsian stocks rose for the first time in three days on Tuesday while sterling and other currencies advanced as investors scooped up beaten down assets after Britain's vote to exit the European Union stunned financial markets. -
Ratings agencies rip into UK's credit score after Brexit vote
Reuters UKBritain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union would hurt its economy. -
Osborne rules himself out of race to succeed Cameron
Reuters UKChancellor George Osborne ruled himself out of the running to succeed Conservative Prime Minister David Cameron on Monday, citing his fierce advocacy of staying in the European Union. -
Preparing for Brexit, Britain may see new PM by early September
Reuters UKBritain could have a new prime minister by early September, the ruling Conservative Party said on Monday, after David Cameron started laying the groundwork for his successor to trigger the country's exit from the European Union. -
Merkel rejects informal Brexit talks before official UK application to leave
Reuters UKGerman Chancellor Angela Merkel said on Monday she did not want to pressure Britain to slow or accelerate its exit from the European Union but she also made clear that informal discussions on Brexit could not begin until London applies to leave. -
Markets are concerned EU no longer governable after Brexit - Merkel
Reuters UKInternational financial markets are very concerned that the European Union is no longer governable after Britain voted to leave the bloc, Chancellor Angela Merkel told her conservative party's board on Monday, two participants in a call said. -
Brexit threatens to undermine U.S.-Britain special relationship
ReutersBritain’s decision to leave the European Union could send damaging shockwaves through the bedrock Anglo-American “special relationship,” raising questions about London’s willingness and ability to back U.S.-led efforts in global crises ranging from the Middle East to Ukraine. -
Could Brexit vote mirror result in U.S. presidential race?
ReutersBritain's stunning vote to leave the European Union, buoyed by a frenzy of nationalism and populist anger, was a crushing rejection of the political elite. Republican Donald Trump hopes it is also a preview of November's U.S. presidential election. -
12:45 PM - 24 Jun 2016
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Cameron may say she wants to stay until October, but it's not entirely clear to me that that will be achievable – at the very least, is now very much a "dead man walking" and there's going to be inevitable pressure toget him out early and someone else in.
But will Boris Johnson really be seen as the man of the hour in the circumstances? Or should we watch out for a bid from George Osborne or Home Secretary Theresa May. It seems impossible to rule out a new election, but there's not an immediately obvious path to it unless conservative MPs like to bring down their own government. That seems unlikely – but these are interesting times.
-Reuters commentary writer Peter Apps. -
Sterling plunges to 31-year low, biggest ever fall, as UK votes for Brexit
Reuters UKUK financial markets braced for one of their most volatile days ever on Friday, with sterling hitting a 31-year low in its biggest fall in history after Britons voted to leave the EU and David Cameron said he would resign as prime minister. -
Brexit notice can't wait for Tory cat-fight - EU parliament
Britain needs to hand in its formal notice to leave the European Union immediately and cannot wait until the British Conservative Party has established its next leader, European Parliament leaders said on Friday.
British Prime Minister David Cameron, who announced his resignation, said Britain would probably make such a notification only in October, once a new leader of the Tory party is chosen to succeed him.
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Global central banks pull out stops to calm jittery markets
Reuters UKThe Bank of England pledged a huge financial backstop to calm plunging markets after Britain voted to leave the EU and central banks around the globe intervened in markets, highlighting worries that volatility could quickly hit the world economy. -
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Northern Irish deputy leader calls for vote on united Ireland
The British government has a "democratic imperative" to call a referendum on whether Northern Ireland should leave the United Kingdom and unite with the Irish Republic, the province's Irish nationalist Deputy First Minister said on Friday. - DUBLIN, June 24 (Reuters)"The British government now has no democratic mandate to represent the views of the North in any future negotiations with the European Union and I do believe that there is a democratic imperative for a 'border poll' to be held," Sinn Fein's Martin McGuinness told national Irish broadcaster RTE.
"We are now in unchartered waters, nobody really knows what is going to happen. The implications for all of us on the island of Ireland are absolutely massive. This could have very profound implications for our economy (in Northern Ireland)."
(Reporting by Padraic Halpin; Editing by Gareth Jones)
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European banking sector futures point to worst-ever dropLONDON, June 24 (Reuters) - Euro STOXX bank futures slumped more than 17 percent, putting them on track for their biggest ever one-day percentage drop, after Britain voted to leave the European Union following a landmark referendum.
The Euro STOXX auto futures also fell about 13 percent on concerns that the sector would be hit hard on growth concerns following the outcome of the referendum.
European banks were set to open sharply lower, with Deutsche Bank seen opening 18 percent lower. Shares in Standard Chartered and HSBC listed in Hong Kong are down around 9 percent.
(Reporting by Atul Prakash; Editing by Vikram Subhedar)
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Ireland braces itself for 'definite' downside of Brexit
ReutersIreland is bracing itself for damaging economic and political fallout from the decision by Britain, its nearest neighbor and largest trade partner, to vote to leave the European Union. -
1:54 AM - 24 Jun 2016
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Goldman Sachs CEO Lloyd Blankfein says, "We will work with relevant authorities as the terms of the exit become clear." He says, "We respect the decision of the British electorate and have been focused on planning for either referendum outcome for many months."
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BoE says will take all necessary steps to secure monetary, financial stability
ReutersThe Bank of England said on Friday it would take all necessary steps to secure monetary and financial stability after Britain voted to leave the European Union. -
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