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Theresa May getting locked in a car pretty much sums up how Brexit’s going

“On her way to meet German Chancellor Angela Merkel in a bid to rescue her Brexit deal, May got trapped momentarily inside her vehicle” writes Rachel Thompson for mashable.com. Jean-Claude Juncker — president of the European Commission — made it clear that the EU would not “renegotiate” the deal, but caveated that “further clarifications” were on the cards. Source: mashable.com Share This:

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Brexit’s Looming FX Risk For SMBs

“He stated, too, that currency risk management is often not a priority for many SMBs on a day-to-day basis” reports pymnts.com. Nawaz Ali, senior currency strategist at Western Union, told PYMNTS in a written exchange that “SMBs could be exposed to significant sterling fluctuation.Breaking down risk management decisions and transactions into smaller, more regular events makes the process easier and greatly reduces the risk of ‘buyers’ remorse,’” said Ali. Source: pymnts.com Share This:

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El-Erian: Brexit’s overlooked warnings to the rest of the world

“Experts also predicted that the U.K. economy would suffer an immediate and significant fall in output following the 2016 referendum” writes Mohamed A for marketwatch.com. Nonetheless, the U.K. economy is already experiencing slow-moving structural change.A perfect example is the 2008 global financial crisis, when financial markets seized up as a result of operational dislocations and a loss of mutual confidence in the payments and settlement system.In addressing these issues, policy makers around the world would do well to heed the lessons of the U.K.’s Brexit experience.Still, the rest of the…

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Brexit’s in trouble. The US can help

“Time is running out to reach a good Brexit deal, but Trump has means of salvaging something good” reports washingtonexaminer.com. Led by the enigmatic former foreign minister and ardent Brexiteer, Boris Johnson, many Conservative members of Parliament claim that May’s deal is unacceptable.This week, unveiling her draft Brexit deal with the EU, British Prime Minister Theresa May met a whirlwind of ministerial resignations and parliamentary ire.Claiming May’s deal would fail to re-establish British sovereignty, they suggest it would represent a betrayal of British popular will as rendered in the summer…

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