The RSM Brexit Stress Index moved substantially lower after talks between British Prime Minister Boris Johnson and Ireland’s Prime Minister Leo Varadkar were reported to offer options for the transition of Northern Ireland from the common market into Britain’s single market. Though details were still to ... READ MORE >
Brexit
RSM Brexit Stress Index higher as global uncertainty hits home
The RSM Brexit Stress Index jumped in a week that included the European Union’s stark criticism of Prime Minister Boris Johnson’s withdrawal proposal and the equity markets' recognition of the adverse effects of disruptions to trade. The composite index, which measures financial-market stress ... READ MORE >
Brexit stress gets reprieve due to Supreme Court ruling
The RSM Brexit Stress Index eased slightly during the week, as Britain’s Supreme Court ordered the resumption of Parliament and restored some sort of order to the Brexit chaos. The composite index, which measures financial-market stress surrounding Britain’s impending departure from the European Union, ... READ MORE >
Brexit stress rises amid Bank of England’s caution
The RSM Brexit Stress Index rose slightly during a week that included conciliatory tones regarding proposals for a Northern Ireland economic zone, the High Court’s hearings over the suspension of Parliament and the Bank of England's warning that continuing anxiety over Brexit and global trade disputes are ... READ MORE >
The RSM Brexit Stress Index: Reacting to a Parliamentary dose of recession prevention
The RSM Brexit Stress Index surged sharply during the week amid attempts by Boris Johnson, the Conservative Party prime minister, to curtail objections to a no-deal Brexit but eased at week’s end as Parliament regained control of government. The index rose as high as 1.97 standard deviations above ... READ MORE >
RSM Brexit Stress Index posts highest level since June 2016 referendum
The RSM Brexit Stress Index reached its highest level since the U.K.’s June 2016 referendum to leave the European Union, closing at 1.93, up 8 points on Tuesday from 1.85 a week earlier, amid instability in the U.K. government. Earlier in the day, Conservative Party Prime Minister Boris Johnson, who ... READ MORE >
RSM Brexit Stress Index surges on likelihood of “no deal” Brexit
The RSM Brexit Stress Index surged on Wednesday, following news that the government of Prime Minister Boris Johnson had received the okay to suspend Parliament just weeks ahead of a deadline for the U.K. to chart its path for withdrawal from the European Union. The composite index, which measures ... READ MORE >
RSM Brexit Stress Index: Factoring in dual recessions
The RSM Brexit Stress Index held relatively steady this week, maintaining high levels of stress as Germany’s manufacturing recession came front and center for the foreign exchange market. The composite index, which measures economic stress surrounding Britain’s impending departure from the European ... READ MORE >
The RSM Brexit Stress Index: Increased volatility and higher stress as pro-Brexit PM takes Britain’s helm
The RSM Brexit Stress Index moved higher this week on increased currency market volatility and sobering economic news from the U.K.’s trading partners as Boris Johnson, the pro-Brexit Conservative Party candidate, was elected prime minister. The composite index, which measures economic stress ... READ MORE >
The RSM Brexit Stress Index: Adding to the list of unintended consequences
The RSM Brexit Stress Index moved higher again this week, as the market processed conflicting central banking trends: global equities pushed higher on an expected U.S. rate cut by the Federal Reserve and a quick turnaround in the U.K. bond market as the slim probability of a base rate cut by the Bank of ... READ MORE >