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In the Media

Euromoney | Weak UK economy ties Bank of England’s hands on FX intervention

14 Jul 2016
|
Regions: 
EU/Eurozone,
UK

New UK prime minister Theresa May is busy shaping her administration at 10 Downing Street, but it is events taking place barely two miles away, at the Bank of England on Threadneedle Street, that are exercising the minds of those trying to predict where the pound goes next.

Gregor Irwin, chief economist at advisory firm Global Counsel, agrees that the Bank of England will not intervene directly in the FX market to prop up the pound and says the Bank's Monetary Policy Committee (MPC) will be seriously considering loosening monetary policy over the coming months.

Bloomberg | Know how to strike a trade deal? Brexit Britain wants you, fast

13 Jul 2016
|
Regions: 
EU/Eurozone,
UK

Lawyers, consultants and even retired civil servants with relevant experience will be in higher demand than ever. The need is acute because the U.K. hasn’t struck a trade deal on its own since the early 1970s, when it joined the precursor to the EU.

“This is undoubtedly going to be a vast endeavor,” said Gregor Irwin, chief economist at London consultancy Global Counsel and a former U.K. Foreign & Commonwealth Office official. “There is almost no capacity at the moment, and virtually no one in government with serious negotiation experience.”

Reuters | Wanted: foreign trade experts to help UK hammer out new deals

13 Jul 2016
|
Regions: 
EU/Eurozone,
UK

After last month's Brexit vote, Britain faces the challenge of carving out trade deals with the rest of the world, but a key thing is missing: a strong team of trade negotiators.

Britain will also need to create and find staff for a new office to investigate possible dumping of goods in the country, a separate and equally complex discipline within international trade, says Stephen Adams, a partner with consultancy Global Counsel.

Borderlex | Getting real about the UK’s post-Brexit trade policy options

13 Jul 2016
|
Regions: 
EU/Eurozone,
UK

United Kingdom officials need to get real on their country’s chances to seal trade agreements quickly after Brexit. A long road lies ahead, argues Daniel Capparelli.

Former UK Europe minister David Davis, ahead of his nomination to Secretary of State for Leaving the EU, set out a post-Brexit manifesto for UK trade policy. In both substance and form, his vision is a synthesis of a range of proposals raised by the leave camp during the referendum campaign.

The Straits Times | Britain's housing market remains strong

Author: 
8 Jul 2016
|
Region: 
UK

The outlook for commercial real estate will be determined by many factors, including the nature of the deal struck with the European Union and prospects for Britain's growth in the coming decades.

For residential real estate, however, despite current jitters, there are a number of economic and political factors that are likely to sustain housing values in Britain over the medium to long term.

Euromoney | The cities seeking to take London’s FX crown

30 Jun 2016
|
Regions: 
EU/Eurozone,
UK

Gregor Irwin, chief economist at Global Counsel, a strategic advisory firm, says FX business that leaves London is most likely to go to Frankfurt or Paris for reasons of scale and that other European financial centres would struggle to compete.

"In practice, we are likely to see competition between the two, with one of them likely to emerge over time as the winner," he says.

Policy Network | No going back to business as usual

30 Jun 2016
|
Regions: 
EU/Eurozone,
UK

There are few countries in the world where the economic consequences of Brexit will be felt more keenly than the Netherlands, which, according to a recent report by consultancy firm Global Counsel, is the EU member state most exposed to Brexit in terms of trade, investment and financial links.

But the political impact could be even greater.

Nasdaq | 3 European banking stocks down more than 35% in 2 days

28 Jun 2016
|
Regions: 
EU/Eurozone,
UK

Per a Global Counsel report, existing EU regulations would make it harder for London to serve European markets, particularly for retail banking and euro trading. The UK would also face the huge challenge of renegotiating the existing EU deals that would no longer apply.

Bloomberg | Down and out in London as wealthy capital outvoted on Brexit

24 Jun 2016
|
Regions: 
EU/Eurozone,
UK

During the bruising referendum campaign, a who’s-who of major London business people and politicians emphatically backed Remain.

"London has prospered more from globalization than almost anywhere in the world, whereas many people elsewhere in the U.K. feel they haven’t," said Gregor Irwin, the chief economist at consulting firm Global Counsel. "That divide is vividly on display today."

Sputnik News | Brexit could destabilize UK, boost Scottish independence aspirations

21 Jun 2016
|
Regions: 
EU/Eurozone,
UK

The United Kingdom exiting the European Union could cause political instability in the country and boost Scotland's independence aspirations, a recent report by a London-based strategic advisory firm found.

On Monday, Global Counsel issued a report titled "The Consequences of the EU Referendum," which predicts the possible effects of a referendum on EU membership both in case of Brexit and if UK voters decide to stay in the 28-nation bloc.