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BrexitCliffEdge
@BrexitCliffEdge
, 8 tweets, 4 min read Read on Twitter
Economic Forecasts
(1 of 8)
@BrexitCliffEdge The Bank of England has announced it will activate crisis-era emergency swap lines with the European Central Bank (ECB) to keep foreign exchange markets functioning throughout the Brexit period. nfind.uk/brexit_cliff_e…
@BrexitCliffEdge A no-deal Brexit could cause a sharp rise in unemployment in Northern Ireland, the head of the civil service said. Inability to prepare, EU tariffs and changes to exports would cause business distress nfind.uk/brexit_cliff_e…
@BrexitCliffEdge ECB cut UK interest rates by pumping €300bn into Britain. Europe’s money-printing programme pumped hundreds of billions of pounds into the UK cutting rates and boosting the economy
nfind.uk/brexit_cliff_e…
@BrexitCliffEdge OECD warns no-deal Brexit could plunge UK into recession nfind.uk/brexit_cliff_e…
@BrexitCliffEdge 'according to a recent survey by the Institute of Directors, 29% of UK companies have relocated, or plan to relocate some operations abroad due to Brexit uncertainty' nfind.uk/brexit_cliff_e…
@BrexitCliffEdge Sterling to slide to $1.20 if no Brexit deal agreed - Reuters poll nfind.uk/brexit_cliff_e…
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More from @BrexitCliffEdge see all

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BrexitCliffEdge
@BrexitCliffEdge
Welcome to the Brexit Cliff Edge - Feel free to retweet to your followers - Jobs at Risk
(1 of 6)
@BrexitCliffEdge British employers held off from hiring permanent staff in February, adding to signs of growing nerves ahead of Brexit in the country’s otherwise strong labour market, a survey of recruiters showed. nfind.uk/brexit_cliff_e…
@BrexitCliffEdge A second consecutive annual loss of more than £200m for Countrywide sent the UK’s biggest estate agent sliding to the bottom of London’s market as Brexit angst threatens to derail its turnaround. nfind.uk/brexit_cliff_e…
Read 6 tweets
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BrexitCliffEdge
@BrexitCliffEdge
Welcome to the Brexit Cliff Edge - feel free to retweet to your followers - Economic Forecasts
(1 of 7)
@BrexitCliffEdge Temporary wage subsidies to stop companies laying off staff in a recession are an effective tool against joblessness, Bank of England researchers said that might feed into policy response to a no-deal Brexit nfind.uk/brexit_cliff_e…
@BrexitCliffEdge Less than one month before the UK is set to leave the EU, CBI affiliated firms believe the recent uncertainty around Brexit has negatively affected sales, and UK investment nfind.uk/brexit_cliff_e…
Read 7 tweets
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BrexitCliffEdge
@BrexitCliffEdge
Political Setbacks
(1 of 18)
@BrexitCliffEdge Liam Fox defends spending £100,000 on a podcast listened to by 8,400 people Liam Fox was asked again if his podcast presented value for taxpayers' money, nfind.uk/brexit_cliff_e…
@BrexitCliffEdge Ryanair boss calls Theresa May and Jeremy Corbyn ‘idiots’ and says Brexit should be reversed nfind.uk/brexit_cliff_e…
Read 18 tweets

Related threads

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Brit or Bot?
@BritOrBot
Brexit New Summary, Thursday March 7 2019:

1. Bombardier is putting pressure on the DUP to drop its objections to the PM`s Brexit deal. It is privately warning of consequences for Northern Ireland jobs and investment in the event of no deal.
2. The OECD is slashing its growth forecast for the UK. Even with a Brexit deal, it sees the UK growing by only 0.8%, adding that without a deal this number would be significantly lower.

3. Vauxhall says no future investment decisions on Ellesmere until Brexit is resolved.
4. The Bank of England has activated a crisis-era liquidity swap line with the European Central Bank to keep foreign exchange markets functioning throughout the Brexit period. In the event of a No Deal Brexit, the UK remains on `liquidity and life support support` from Frankfurt.
Read 8 tweets
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Adam Townsend
@adamscrabble
Thread on Chinese Currency Manipulation. You're going to like this. I had a question for my analysts, what does it mean "China is manipulating its currency?" I've distilled their answer. You're about to become a pundit destroyer. Let's begin...China has a dual currency system...
1. The ‘onshore’ currency is the Renminbi (RMB) or yuan and also called the CNY. It is only used to pay bills on the mainland. The onshore currency can’t be used for international transactions. There...
is no real market for the exchange rate, instead the People’s Bank of China (PBOC) comes up with a price every day thru an unknown equation, and then trades around it. 2. The “offshore” currency, also called the yuan or CNH, is used for international clearing and trading.
Read 38 tweets
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Tom Paine
@TomPaine1737
A “brief” history of Deutsche Bank scandals, lawsuits & fines. This list is not comprehensive and is stacked with events from the past 20 years, yet it shows a deeply ingrained culture of generating profits with no regard for their customers or the integrity of the market.
1/70
After WW2, Allied authorities determined that Deutsche Bank had actively supported the Nazi regime and maintained close ties to officials like Himmler; and was also been involved in appropriating assets of financial institutions in countries occupied by the Nazis.
2/70
The Allied forces in occupied Germany divided the bank into 10 regional institutions, and then into 3. One each for the north, central, and southern regions of West Germany. The operations were reunited in 1957 and allowed to function under the Deutsche Bank name once again.
3/70
Read 70 tweets
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pippocamminadritto
@guado77
riprendiamo questo discorso...
la "comica" corsa delle HFT firms ad avvicinarsi quanto più possibile ai server del CME (futures exchange)...
datacenterknowledge.com/cyrusone/cyrus…
...se parlate di mercati, cari i miei governanti, almeno cercate di conoscerne la struttura...ancora con il "floor"
6 maggio del 2010...la Grecia è al centro dell'attenzione mediatica mondiale e da li a poco la #ECB inizierà a comprare debito greco via SMP... ma quel giorno verrà ricordato come la massima espressione dei "fake markets" moderni, dominati dagli algos HFT
cnbc.com/video/30003772…
Read 120 tweets
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Derek Henry
@DerekHenry1970
Setting up a Scottish currency

It is our playbox so you play by our rules. So what does the playbox look like?

A Functional finance playbox not a sound finance prison
1) The central bank is constitutionally barred from dealing in the foreign exchange markets, and margin trading is banned.
2) Banks can only lend (create money) for the capital improvement of the country. Currency traders then know there will be no ‘patsy’ in the market and no leverage available to them, So they can't attack anything. They would run out of liquidity. To sell the currency you have it.
Read 21 tweets
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Saifedean Ammous
@saifedean
The cause of the US trade deficit isn't "unfair trade", but the dollar being used as global reserve currency, ensuring endless demand for it and allowing Americans to finance an ever-growing 'deficit without tears'.
aier.org/article/real-r…
One of the many problems of government money is that it's unworkable internationally. Network effects mean one govt's money will dominate globally & now the entire world economy is subject to the whims of its political system. Bitcoin is the only workable solution to this.
Going from one money chosen freely and used worldwide under the gold standard, to the current system of national currencies and a system of partial barter across borders, as Hoppe calls it, must be the most destructive example of technological regression in human history.
Read 6 tweets

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