Exactly one year ago today, the UK voted 52% to 48% to leave the European Union after more than 40 years of membership. For now,…
CELEBRATIONS CANCELLED
Happy Birthday, Brexit! One year later and it’s still unclear what Brexit really means
Today, Brexit turns one year old and how time flies! While, the UK’s vote to leave the European Union and “take back control” was always…
DIVIDED
Thanks to Brexit, the UK is seriously considering raising interest rates amid an economic slowdown
Brexit has divided the UK politically—last week’s election and the resulting hung parliament are the latest example. Now, the issue has also divided the Bank…
FOOD FIGHT
Brexit is hitting Brits where it hurts—square in the shopping basket
Brexit hasn’t come to pass yet—in fact, negotiations on the divorce between the UK and EU haven’t even begun—but the economic cost of the vote…
ROTTEN PRIZE
The weak and wobbly economy inherited by the UK’s weak and wobbly new government
Last week, Brits went to the polls for the third time in two years and, once again, defied expectations. Prime minister Theresa May took a…
EN MARCHE
Victories projected for Macron’s party show it’s possible to reinvigorate a nation’s politics
Updated on June 11: After voting closed in France, pollsters said Macron’s party is projected to win 390-430 seats in parliament after getting 32% of…
DÉJÀ VU
The “worst possible” UK election result has traders searching for precedents about how far the pound may fall
Of all the possible outcomes of yesterday’s UK election, a so-called hung parliament was deemed the most damaging for the pound before the vote. Now,…
MAY-HEM
The UK election results are in and the pound is plunging
This post was updated at 7:00am UK time. Voting is over in the UK and the result is a big shock, not least to the…
ON SECOND THOUGHT
The US unemployment rate can’t go much lower—but don’t start celebrating just yet
First, the good news. The US unemployment rate fell to 4.3% in May, the lowest since 2001 (pdf). Keep that in mind when you consider…
RACE TO THE BOTTOM
The US and UK are now the slowest growing economies in the G7
For years, Italy was the slowest growing economy in the G7, by some distance. But a revision to the country’s first-quarter GDP growth today has…
MAY DAY
The UK election is suddenly wide open and markets are totally discombobulated
British prime minister Theresa May had a plan. Catch rivals off guard by calling a “snap” general election after repeated denials that you would do…
SAD!
Six months later, the “Trump trade” is over
“I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me.” —Donald J. Trump, April 2017 Within…
