Brexit Vote

The people of Britain voted in June to leave the greater European Union so that bureaucrats in Brussels can stop dictating British laws. While the democratic process needs to be respected, no one said it will be easy or painless. According to Bloomberg, the mandate to negotiate the country's exit...

The British pound was trading higher by more than 1 percent Tuesday morning at $1.3138 and has gained around 4 cents since bottoming at $1.2798 in days following the Brexit vote in late June. The British pound hasn't traded at these levels since the 1980s. Investors looking at the pound's near-term...

London is one of the most expensive cities in the world to live in and visit. According to the UK-based Telegraph, London ranked the sixth most expensive city in the world — its highest level on the "Worldwide Cost of Living" survey since 2007, when it ranked third at that time. However, it...

The Brexit voting outcome has some of London's hottest fintech companies worried, at least according to a report by Finextra. Finextra cited a survey by Innovate Finance, in which 100 companies were asked to give their business outlook post-Brexit vote. One of the highlighted concerns was the...

The British pound traded at a new post-Brexit low on Tuesday after the country's central bank stepped in to help support the now fragile economy and uncertain outlook. The Bank of England said on Tuesday it will lower the amount of capital that the country's banks are required to hold in reserve....

Global equities are in the process of recovering from the post-Brexit turmoil. The Dow Jones index is within striking distance of the 18,000-level yet again while the UK's FTSE 100 index is on pace for its best weekly performance in years. On the other hand, CNN Money's Paul LaMonica cautioned...

Global equity markets, futures, currencies and various other asset classes came crashing hard last week after the people of the United Kingdom voted to withdraw the country's membership from the European Union in the hotly contested Brexit vote. The selloff carried over to Monday, but since then,...

Brexit is a done deal and the United Kingdom will soon officially leave the European Union for good. Technically, nothing about the above statement is true, as the Brexit vote is not legally binding and the British Parliament has no legal obligation to commit itself to separate from the European...

Billionaire George Soros campaigned for Britain to remain part of the European Union ahead of the Brexit vote. He argued that the only winners of a "leave" victory would be speculators and hedge funds able to profit from a drastic and sharp move in the country's currency, the British pound —...

Ric Deverell of Credit Suisse said in a research note Friday the United Kingdom's voting outcome to leave the European Union represents "the most significant pull back to-date from the post WWII consensus of closer integration and open trade." However, the actual path forward is "not yet clear,"...

With less than an hour remaining ahead of the U.S. market open, it's well understood by the investment community that the United Kingdom will withdraw its membership from the European Union. On the other hand, investors shouldn't blame themselves for not fully understanding the actual process of...

Noted economist Mohamed El-Erian was a guest on Benzinga's Premarket Prep show Friday morning and offered his expert analysis following a 'leave' victory in the Brexit vote. According to El-Erian, investors should "let the dust settle" in financials before considering...

Business Insider obtained a copy of an internal memo Goldman Sachs Group Inc (NYSE: GS) CEO Lloyd Blankfein sent to all of his employees. Blankfein began his memo by stating he will "respect" the Brexit vote outcome and has the bank has been working hard and planning for both voting...

The United Kingdom will cease to be part of the European Union as the "leave" campaign emerged victorious in the Brexit vote. 51.9 percent of voters, or 17.41 million people, in the United Kingdom said they no longer wish their country to remain a member of the EU. On the other hand,...

Voters in Britain are deciding the fate of the country's membership within the European Union in a vote dubbed "Brexit" Thursday. Billionaire investor George Soros cautioned against a vote to leave the European Union, a view that was also shared by BlackRock's CEO Larry Fink and even the British-...