The bad reaction from Brexiteers to Theresa May’s plans to leave the EU was hardly a surprise.
But David Davis and Boris Johnson’s resignations does come as one, or at least the timing.
The signs so far have been the Brexiteers holding off a challenge to May as long as possible.Read more >
“If it really does get to be a big war, we have many more bullets than any of these other countries…”
These bellicose words from US Commerce Secretary Wilbur Ross are a feature of the US’ approach to trade disputes with friends and foes alike.
Divisions and sudden about turns are also features, causing confusion and contributing to market volatility.Read more >
Bloomberg have published an investigation that implies that Nigel Farage and hedge funds had market moving information from polling companies on the Brexit vote.
Hedge funds paid for access to polling data before it was released to the public. Knowing the likely impact of those polls, these hedge funds were then able to place positions.Read more >
Merkel’s CDU coalition partner, the CSU, are demanding Merkel reaches a satisfactory agreement over EU asylum policy.
There are profound splits in Europe over migration with East European countries refusing to take in quotas of migrants. Italy has also joined the opposition.
This means it is unlikely there’ll be anything from tomorrow’s emergency European summit to placate the CSU.Read more >