UK

icicles

The Many Headed Serpent Of Low Yields

AXA IM | Is the future for fixed income one of flat and negative yield curves? That is certainly the direction of travel as central bank buying, lowered growth and inflation expectations and a lower for longer interest rate outlook all contribute to reduced term premium and hoarding of safe haven assets.


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The “Fine Post-Brexit Rain” Has Already Dampened The Property Sector

After Standard Life announced on Monday that it had suspended withdrawals from its UK Real Estate Fund (2.9 billion GBP in assets), yesterday the whole sector (property funds), with assets under management of approximately 9 billion GBP, decided to follow suit. The two funds which stand out by size are: M&G Property Portfolio (4.4 billion GBP, the biggest) and Aviva (1.8 billion GBP).


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Brexit Outlook Gets Nasty

Calls for keeping a low-key profile till the new UK Prime Minister takes office and agrees terms with its EU partners on the broad Brexit strategy seem to be being largely ignored. Mr Juncker jumped on the opportunity to deliver a stern and ill-timed warning to the UK.


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The Impact Of Brexit On The Spanish Economy

The UK has been a member of the European Union club for 43 years and Spain 30. In those long period both countries have created a special relationship highlighted by the huge inflow of tourists as well as migrants and the substantial amount of Spanish direct investment there. Afi’s analysts explain which points of the Spanish economy will be the most affected by the UK decision to leave EU and to what extent?

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Brexit: A Harder Blow For Europe Than For The UK

I said it a short time ago: the institutional campaign against the UK referendum on June 23rd has been embarrassing. From Her Majesty’s government to that of the EU, the Bank of England (clearly overstepping its line of duty), and including the vailed threats that the world was going to end and Great Britain would fall into a chasm in history.


Airbus

Brexit Debate Warms Up

Multinationals such as Airbus or Aviva Investors are arguing in favour of the ‘In’ vote, warning that a possible Brexit would push the UK into recession before year-end.


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Brexit: The Cynical And Dangerous Taste For Referendums

Time is moving on. After the more than satisfactory agreement reached by Prime Minister David Cameron after renegotiating the UK’s relationship with the European Union, the countdown to the June 23rd referendum has begun. And as happened with the Scottish referendum, the British government is ready to bring out all the big guns.



UBS forecasts

UK Budget: Deja-Vu, All Over Again

The Chancellor’s latest Budget saw the cumulative forecast for government borrowing over the next five years revised up by close to GBP 40bn. This reflects both weaker cyclical growth and also the Office for Budget Responsibility (OBR) taking a gloomier view on UK trend productivity growth.


Brexit needs scope and time for creative thinking

The UK’s Twin Deficits, The Budget And Brexit

UBS |  The focus in the Brexit debate is often on the UK’s relatively large current account deficit. This is understandable, as a period in which Foreign Direct Investment was harder for the UK to attract in a post-Brexit world would likely imply the current account would need to correct.