Brexit

Brexit Starts Now: Here’s How Great Britain Will Leave the European Union

By Gemma Acton, CNBC

The formal two-year process governing Britain's departure from the European Union (EU) began when Article 50 of the Treaty of Lisbon, which became law in 2009, was triggered on Wednesday. Here, CNBC...
On Day One, Trump Faces Two Huge Foreign Policy Challenges

By Patrick Smith

Barack Obama isn’t handing Donald Trump any portfolio of foreign-policy successes as he passes the baton the next president. Trump is about to step into a world that his peace-prize-winning...
5 Foreign Policy Challenges President-Elect Trump Faces Before He Unpacks

By Patrick Smith

Foreigners always watch U.S. elections, but rarely with the edge-of-the-seat suspense evident as the votes were tallied Tuesday. With Donald Trump’s dramatic victory, they’re as much in the dark as...
Britain’s Tarnished Sterling: A Global Warning for Theresa May on Brexit

By Patrick Smith

At 7:07 last Friday in Hong Kong, the British pound suddenly plummeted: In the next two minutes it fell 6.1 percent, to $1.18, its lowest level since 1985. In the next half hour, it regained most of...
Everyone's Ignoring This Huge Threat to the Global Economy

By Desmond Lachman

A striking feature of a US election campaign focused on the supposed ills of globalization is how little attention is being drawn to Germany’s extraordinarily large external current account surplus...

Why You Should Book a Trip to London Right Now

By Beth Braverman

There’s no shortage of economic uncertainty following the decision by a slim majority of British voters last month to leave the European Union. The decision is a short-term boon to anyone who wants...
Theresa May: 8 Things You Should Know About the UK’s New Prime Minister

By The Fiscal Times Staff

Theresa May became Britain’s second female prime minister Wednesday, three weeks after the U.K. voted to leave the European Union. The 59-year-old becomes the 13 th prime minister to lead the U.K...
Theresa May’s Biggest Challenge: Her Party’s Division on Brexit

By CJ Arlotta, The Fiscal Times

In her first speech as Britain’s new prime minister, Theresa May spoke to her country’s working-class families and pledged to build a “better Britain” for them. “As we leave the European Union, we...
David Cameron's Great Blunder

By Hilton L. Root

First Britain, now Italy, what’s next? The Brexit has triggered the EU’s worst political crisis. And to make matters worse Britain’s Prime Minister David Camron steps down on Wednesday, having bet...
Under Theresa May, the UK Will Still Be Heading Toward Brexit

By CJ Arlotta, The Fiscal Times

With Conservative leadership candidate Andrea Leadsom bowing out of the race for prime minister, the United Kingdom’s departure from the European Union may become reality. Home Secretary Theresa May...

The UK’s ‘House of Cards’ Candidate Is No Frank Underwood

By Rob Garver

A political hit job by one prominent supporter of Brexit on former London Mayor Boris Johnson might result in a woman who opposed both of them ascending to the Prime Minister’s job.
How the Brexit Killed Britain’s 'Pay as You Go' Policy

By Patrick Smith

There go George Osborne’s dreams. Whatever the other consequences of the June 23 Brexit vote may prove to be, Britain’s ever-embattled chancellor of the exchequer just lost his long war for deep...
Britain’s Best Option to Undo Brexit

By CJ Arlotta, The Fiscal Times

Adding more confusion to the muddled political mix created by the United Kingdom’s Brexit vote last week, Boris Johnson , the former London mayor who became the public face of the “Leave” camp, said...
Forget Brexit: The Real Reasons Stock Market Bears Are About to Strike Back

By Anthony Mirhaydari

Another "Black Swan" selloff has reversed itself in another neck-snapping V-shaped rebound. We saw it with the Greek protests in 2010, the U.S. debt-ceiling crisis in 2011, Euro bailouts in 2012, the...
Brexit’s Gift to US Homebuyers: Mortgage Rates Tumble to 3-Year Lows

By Janna Herron

The rate on the most common mortgage plunged to a three-year low last week following Great Britain’s surprising popular vote to exit the European Union, according to two separate surveys that track...

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