China to Tolerate Weaker Yuan
Exclusive: China to Tolerate Weaker Yuan, Wary of Trade Partners’ Reaction – Reuters
China’s central bank is willing to let the yuan fall to 6.8 per dollar in 2016 to support the economy, which would mean the currency matching last year’s record decline of 4.5 percent, policy sources said.
EU Leaders Meet Without UK to Plot Brexit Response
EU Leaders Meet Without UK to Plot Brexit Response – FT (subscription)
European leaders met in Brussels without the UK for the first time on Tuesday in a historic informal meeting where the EU-27 will attempt to pick up the pieces from the Brexit vote and lay down terms of engagement for any divorce talks.
FXPA Statement on ‘Brexit’
The Foreign Exchange Professionals Association (FXPA) commends the industry for its preparations ahead of Britain’s referendum on whether to Leave or Remain in the European Union, which resulted in the relatively smooth functioning of currency markets in the initial hours and days after the polls closed.
Brexit Uncertainty Can be Contained
Brexit Uncertainty Can be Contained: BIS – Profit & Loss
Despite an initial period of “uncertainty and adjustment” that is to be expected following the victory of the Brexit camp at the UK referendum last week, “with good cooperation at the global level, I am confident that uncertainty can be contained and that adjustments will proceed as smoothly as possible”, the general manager of the Bank for International Settlements (BIS), Jaime Caruana said yesterday.
Lionel Messi Says his Argentina Career Is Over
Lionel Messi Says his Argentina Career Is Over – The Guardian
Lionel Messi has said his international career is over at the age of 29 after he blazed a penalty over the bar in Argentina’s defeat in the Copa América final to Chile.
Brexit: David Cameron to quit after UK votes to leave EU – BBC
Prime Minister David Cameron is to step down by October after the UK voted to leave the European Union.
- David Cameron to stand down as PM after UK votes for Brexit – FT (subscription)
- The Prime Minister’s Resignation Speech in Full – The Independent
- Jeremy Corbyn Calls for Brexit Process to Begin Urgently as Labour MPs Call for Him to Resign – Daily Telegraph
Sterling Leaps to 6-month High as ‘Remain’ Odds Rise
Sterling Leaps to 6-month High as ‘Remain’ Odds Rise – fastFT (subscription)
The pound has surged to a six-month high amid growing confidence that the UK will vote to remain in the European Union.
Brit Arrested At Rally ‘Wanted To Shoot Trump’
Brit Arrested At Rally ‘Wanted To Shoot Trump’ – Sky News
A British man who was arrested at a Donald Trump rally has told investigators he wanted to kill the presumptive Republican presidential nominee.
Pound Surges as Brexit Opinion Polls Show Neck-and-Neck Race
Pound Surges as Brexit Opinion Polls Show Neck-and-Neck Race – FT (subscription)
The British pound powered ahead on Monday morning, carving out one of its biggest rallies of the past decade after the latest opinion polls on Britain’s EU referendum showed rising support for the Remain campaign that put it neck-and-neck with the rival Leave camp.
Britain in shock after killing of Labour MP Jo Cox
Britain in shock after killing of Labour MP Jo Cox – FT (subscription)
The fatal shooting of a British MP has shocked the country’s political establishment, bringing an abrupt halt to the increasingly heated campaign for next week’s referendum on UK membership of the EU.