Scotland to have own currency by 2019 says JP Morgan
Heavyweight investment bank JP Morgan reckons Scotland will separate from the UK and introduce its own currency within three years.
The bank says it could split in a second UK referendum, which he reckons will be held some time before the UK will leave the EU in 2019.
‘Al la carte’ single market off the menu
Having heard from departing prime minister yesterday, European Union leaders had their own get together on Wednesday to mull over their responses to the Brexit vote.
And one of the key messages coming out of Brussels is that Britain cannot expect an ‘al la carte’ single market.
Britain won’t have single market access without keeping with the principle of free movement of people.
Brexit, what Brexit: FTSE 100 snaps back
Brexit, what Brexit? FTSE 100 was powering north at lunch, as traders brushed fears aside as London markets and Euro stocks went higher.
The index of UK leading shares is up 2.65% or over 160 points at the time of writing to 6,302, which close to striking distance from the level the benchmark closed last Thursday night before the Brexit verdict was in.
Sterling meanwhile strengthened somewhat against the US dollar, reaching around US$1.351.
Vodafone hints at UK departure, Goldman mulls options
Telecoms giant Vodafone PLC (LON:VOD) cast doubts over whether it will keep its headquarters in the UK after the Brexit vote.
The referendum result has put free movement of people, capital, and goods within the EU in jeopardy and the future of the digital single market is unclear, said the mobiles giant.
Goldman Sachs head of investment Richard Gnodde meanwhile also refused to rule out moving some or all of the bank's 6,500 UK staff members to Europe.
FTSE100 regains all Brexit losses
FTSE 100 was powering north at lunch, as traders brushed fears aside as London markets and Euro stocks went higher.
The index of UK leading shares is up 2.18% or over 138 points at the time of writing, at 6,277 - just a few points shy of the level it closed last Thursday night - at 6,338.
Opportunities in Europe still says Dixons
Electricals and mobile phone retailer Dixon Carphone (LON:DC.) shrugged off the vote, saying it would mean more opportunities in both Europe and the UK.