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BREXIT WATCH-Latest developments in aftermath of Brexit vote

* Graphic on Brexit impact http://reut.rs/2aqnwkw

LONDON, July 21 (Reuters) - Britain's June 23 referendum

decision to leave the European Union has had far-reaching

consequences for the world's economy, businesses, investors and

politics. Following are the main developments:

July 21

French President Francois Hollande says rather bluntly he

will tell British Prime Minister Theresa May when they meet

later in the day that Britain that exit talks must start fast

and without any pre-negotiating. He also wants explanations for

the delay in launching Article 50 - the formal start of divorce.

Bit of a change in tone from German Chancellor Angela Merkel

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who only went as far as saying: "Nobody wants a long period of

limbo."

May is ignoring demands like Hollande's; Article 50 won't be

until next year.

There may be some people enjoying a bit of Schadenfreude

with this one. Daily Mail and General Trust, owner of

the vehemently pro-Brexit Daily Mail newspaper, said that total

advertising revenue across its media unit was down by an

underlying 4 percent in the three-month period to June 30

It blamed uncertainty over Brexit.

Investment demand for British commercial property dropped by

the largest amount on record after the vote, the Royal

Institution of Chartered Surveyors says. Retail sales also took

a dive, registering the biggest fall in six months. Officials

blamed the weather, not Brexit.

IMPORTANT DATES AHEAD:

- July 21: European Central Bank policy meeting

- Aug. 4: Bank of England policy meeting, economic forecasts

- Sept. 16: Informal EU summit in Bratislava

- Sept. 25-28: UK Labour Party conference

- October TBA: Italian constitutional reform referendum

- Oct (Shenzhen: 000069.SZ - news) . 2: Re-run of Austrian presidential election

- Oct. 2-5: UK Conservative Party conference

- Oct. 13-15: Scottish National Party conference

- Oct. 20-21: Formal EU summit in Brussels

PREVIOUS

July 20

Moody's says Brexit won't hurt EU finances but there is

now a risk of political fragmentation.

From the it-all-depends-on-who-you-are department:

Appliance-maker Electrolux's CEO Jonas Samuelson tells us

the weaker pound - around 10 percent down vs euro since the

Brexit vote - means his company takes a conversion hit on its

imports into Britain. He adds, "We have gotten indications from

house builders that they will be cautious going forward until

there is clarity on what the demand for them will look like."

But business solutions giant SAP (Amsterdam: AP6.AS - news) is getting a boost,

according to CEO Bill McDermott.

He says, "We have seen a rise in customers saying: help me

rethink and re-imagine how I can run my business. Help me

understand if the regulatory environment changes in the EU. Help

me understand some of the arbitrage I could do offset the

currency impact."

Busy day for Mrs May. First (Other OTC: FSTC - news) comes Prime Minister's

Questions, in which Theresa May will, for the first time as

premier, trade barbs with her parliamentary opponents -

colourfully, if she sticks to tradition. Lots of hear-hears and

shame-shames.

Then it is off to Berlin to meet Angela Merkel to discuss

Brexit with the German chancellor. Merkel's attitude to the

divorce negotiations will dictate how amicable they are.

The Bank of England's spies across the country report in

that there is "no clear evidence" yet of any sharp slowdown in

the UK economy as a result of Brexit.

Britain says it will give up its right to be EU president

next year. Conflict of interest?

REGULAR ITEMS:

- Global Markets

- Currency reports

- Brexit Factbox: [nL8N19T1LJ

(Reporting by Jeremy Gaunt; Editing by David Goodman)