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
The pound slumped to the lowest level in 30 years on Friday, tumbling as much as 13 per cent, as investors took fright at Britain’s shock decision to leave the EU.
The people of the United Kingdom have voted to leave the European Union.
The International Swaps and Derivatives Association, Inc. (ISDA) today published the following statement on the UK referendum vote to leave the European Union (EU), also known as Brexit.
Inevitably, there will be a period of uncertainty and adjustment following this result.
International reaction has been coming in as the UK votes to leave the European Union.
A British vote to leave the European Union sent sterling plunging on Friday and hammered equities across the world as turmoil swept through global markets.
Japan will respond as needed to “extremely nervous” exchange-rate moves in the wake of Britain’s referendum on leaving the European Union, Finance Minister Taro Aso said on Friday, signaling a readiness to intervene to stem excessive yen strength.
The 48% of voters who wished to Remain in the European Union are so mortified by the Leave result that a parliamentary petition calling for a second referendum has been set up.
The dream of a united Europe is over. Born in the ruins of a continent torn apart by war seven decades ago, Britain decided to walk away “without a shot being fired”, as Nigel Farage put it when dawn broke this morning.
Britain has voted to leave the EU – although the results have not been formally announced, it is now mathematically impossible for Remain to win. There’s going to be a lot of talk now about “invoking Article 50”.
The US Federal Reserve, already undecided on when next to raise interest rates, now has one more reason to wait: Britain’s vote on Thursday to leave the European Union.
Led Zeppelin did not plagiarise the opening chords of the rock epic Stairway to Heaven from the US band Spirit, a Los Angeles jury has found.
The UK’s markets regulator said on Friday that financial regulations will stay in place despite the UK’s historic decision to leave the EU.
The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay a $10 million penalty to settle charges that it was responsible for misleading statements in offering materials provided to retail investors for structured notes linked to a proprietary volatility index.
The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay $415 million and admit wrongdoing to settle charges that it misused customer cash to generate profits for the firm and failed to safeguard customer securities from the claims of its creditors.
Jamie Dimon, chairman and chief executive of JPMorgan, is wasting no time in reassuring staff and investors that the bank isn’t about to abandon its UK operations in a post-Brexit world.
Ford has said it “will take whatever action is needed” to keep its UK operations competitive in a sign the car group may be preparing to cut costs in the wake of the Brexit vote.
Deutsche Börse and the London Stock Exchange said that they remained “fully committed” to the “agreed and binding merger terms” and that it was continuing to seek regulatory approvals for the deal, despite the UK’s vote to leave the EU.
The banking sector plunged into a state of chaos this morning with shares nursing double digit losses moments after the opening bell, wiping £40bn off the value of Britain’s biggest lenders.
Following the historic UK vote to leave the UK, analysts have been quick to issue gloomy predictions for sterling and the euro.
The suspicion is growing that central banks may have stepped into FX markets to dampen volatility earlier.
Switzerland has wasted no time to respond to Brexit. The Swiss National Bank has intervened in the currency markets on Friday morning,
Sterling has endured a traumatic Asian session as the UK has officially voted to leave the European Union with the leave camp passing the 50% mark of votes cast.
The 10-year Gilt yield has dropped to a new record this morning as investors flock to haven assets in the wake of the Brexit vote, which has sent shockwaves through global markets.