Brexit News Archive: 02 Jan 2019

Former Brexit minister says May should delay Brexit deal vote - the Telegraph

Former Brexit minister David Davis said in an opinion essay published on Wednesday that UK Prime Minister Theresa May should delay the vote on her Brexit deal for leaving the European Union.
Reuters   |   Wed, 2 Jan 2019 22:49:45

Brexit can be a good crisis

"Brexit is not about Brexit. Certainly not just about Europe. It poses matters both economic and democratic simultaneously as it demands an answer to the kind of country we are." One of over half a million protesters who demanded a Final Say at the People's Vote March, London, October, 2018. ...
Anthony Barnett / Open Democracy   |   Wed, 2 Jan 2019 21:41:26

GBP/JPY steadies below 138, erases more than 200 pips on Wednesday

Risk-aversion dominates first half of the day. Brexit uncertainty continues to weigh on the GBP. The GBP/JPY started 2019 on the back foot as investors turned their attention to uncertainties surrounding the upcoming Brexit vote and negotiations with the EU as well as stayed focused on concerns over a global ...
FX Street   |   Wed, 2 Jan 2019 20:15:45

Brexit: Deal Remains Central Tendency, But Tails Have Fattened

Seeking Alpha   |   Wed, 2 Jan 2019 19:52:56

May to speak to EU leaders this week over Brexit - FT

UK Prime Minister Theresa May is expected to speak to European Union leaders this week including Dutch PM Mark Rutte, German Chancellor Angela Merkel and European Council President Donald Tusk, the Financial Times reported on Wednesday.
Reuters   |   Wed, 2 Jan 2019 19:01:21

May to press EU leaders for Brexit concessions

PM seeks assurances backstop plan in withdrawal agreement is time-limited
FT   |   Wed, 2 Jan 2019 18:30:41

DUP Offers To Work With Theresa May To Change The Brexit Deal

Arj Singh / Huffington Post   |   Wed, 2 Jan 2019 18:25:03

UK housing market is a 'goldmine' for wealthy foreign buyers

Sales of houses worth over £10m tripled after sterling slumped following Brexit vote The global super-rich have taken advantage of the Brexit-induced decline in the value of sterling to buy up three times as many £10m-plus luxury homes as before the referendum vote. Some 300 homes sold for more than ...
Rupert Neate Wealth correspondent / Guardian   |   Wed, 2 Jan 2019 17:51:56

EUR/GBP: Bulls capped on dollar crossflows but downside limited on Brexit angst

EUR/GBP is extending the downside since supply hit at the highs of 0.9032, taking the cross down to a current low of 0.8981. Sterling and the euro have collapsed as risk sentiment spikes, taking the greenback along for the ride. EUR/GBP has been volatile, travelling between the 0.9060s and 0.8927, ...
FX Street   |   Wed, 2 Jan 2019 16:06:54

Osborne: May could 'destroy' Tories' economic credibility

Theresa May risks the Conservatives' reputation for spending money wisely with her no-deal Brexit planning, George Osborne has warned.
Sky   |   Wed, 2 Jan 2019 16:01:00

The choice is the deal, no deal or no Brexit

It's been confirmed by both the Prime Minister, Theresa May, and the President of the European Council, Donald Tusk, that the choice now is either 'the deal', 'no deal 'or 'no Brexit'. 'The deal' negotiated between the EU and Theresa May is the best Brexit deal available, according to both ...
Jon Danzig / Ideas on Europe   |   Wed, 2 Jan 2019 15:26:52

US stock markets slump at start of 2019 - as it happened

Growth concerns in focus after worst year for US equities since crash UK factory output jumps as stockpiling increases amid Brexit fears Bleak start to 2019 for markets after weak China data John Lewis sales benefit from late Christmas rush 3.12pm GMT Shares have fallen in the US, Europe and ...
Jasper Jolly / Guardian   |   Wed, 2 Jan 2019 15:12:56

Brexit: Iberia says it is controlled by El Corte Inglés to prove it is Spanish

The airline, which is owned by IAG, could lose its flying rights in the bloc if there is no deal by the time the UK leaves the EU
Cristina Delgado / EL PAÍS   |   Wed, 2 Jan 2019 15:01:20

A Luxury That Companies Can't Afford in Brexit Britain

Hammerson won't be alone. Expect more buyback plans to be frustrated.
Washington Post   |   Wed, 2 Jan 2019 13:47:31

Brexit stockpiling boosts UK PMI Data

British factories ramped up their stockpiling in December as they prepared for possible border delays when Britain leaves the European Union in less than three months' time, a survey showed on Wednesday. The IHS Markit/CIPS Manufacturing Purchasing Managers' Index (PMI) rose to 54.2 from an upwardly revised 53.6 in November, ...
Craig Erlam / OANDA   |   Wed, 2 Jan 2019 13:10:35

Hunt warns against 'devastating' new Brexit referendum

UK foreign secretary seeks to boost support for Theresa May's EU exit deal
FT   |   Wed, 2 Jan 2019 12:32:08

Jeremy Corbyn Won't Back 'People's Vote' Despite Poll Showing Huge Labour Members' Support

Rachel Wearmouth / Huffington Post   |   Wed, 2 Jan 2019 12:31:35

2019: The big things to look out for this year

From games and movies to sport and Brexit, we look at what you've got to look forward to in 2019.
BBC   |   Wed, 2 Jan 2019 12:22:33

GBP/USD hits fresh daily lows, around mid-1.2600s

• Resurgent USD demand prompts some aggressive selling at higher levels. • Bullish traders shrug off upbeat UK PMI/Hunt's positive Brexit comments. The GBP/USD pair extended its sharp intraday slide and is currently placed at the lower end of its daily trading range, just above mid-1.2600s. After an initial uptick ...
FX Street   |   Wed, 2 Jan 2019 12:21:46

Stocks to watch: Ophir Energy, Lufthansa, Bayer, Smith & Nephew

Deal and Brexit risks make British Airways owner IAG one to avoid in 2019, says Citi
FT   |   Wed, 2 Jan 2019 12:21:11

Ireland in push on post-Brexit business moves to Dublin

Regulators expect to approve applications from 100 financial institutions
FT   |   Wed, 2 Jan 2019 12:21:06

Factory output jumps as stockpiling increases amid Brexit fears

UK buildup of finished goods rises at second fastest rate since 1992 in December Britain's manufacturers ramped up their stockpiling efforts last month in preparation for a potential no-deal Brexit in less than 90 days' time, with factory output jumping to the highest level in six months. According to the ...
Richard Partington Economics correspondent / Guardian   |   Wed, 2 Jan 2019 12:02:25

Grayling defends no-deal Brexit ferry contract

The transport secretary says awarding a ferry contract to Seaborne Freight, which has no ships, is "supporting business".
BBC   |   Wed, 2 Jan 2019 11:37:56