Brexit News Archive: 07 Jan 2019

GBP/USD: Brexit headlines sending the pound to fresh highs in thin trade

GBP/USD has rallied beyond the North American highs on the recent headlines bounding around which is essentially repeating the possibility for extending Article 50. GBP/USD is currently trading at 1.2783, reaching a high of 1.2790 from a pip below 1.2770 prior to the Brexit headline. GBP/USD outperformed so far this ...
FX Street   |   Mon, 7 Jan 2019 22:47:23

EU and UK officials are discussing the possibility of extending Article 50 - Telegraph

GBP/USD popped towards the high of the day following the Telegraph reporting that British officials have been 'putting out feelers' for an Article 50 extension at discreet talks with EU counterparts. British and European officials are discussing the possibility of extending Article 50 amid fears a Brexit deal will not ...
FX Street   |   Mon, 7 Jan 2019 22:14:06

Six-day Dover queues feared under no-deal Brexit

Government-ordered research finds just 80-second customs checks would mean permanent gridlock
FT   |   Mon, 7 Jan 2019 21:30:06

Brexit Could Be Delayed If MPs Fail To Approve May's Deal, Government Minister Reveals

Paul Waugh / Huffington Post   |   Mon, 7 Jan 2019 20:21:02

PM 'continuing to work' on Brexit deal ahead of vote

Theresa May is "continuing to work" on providing further assurances to MPs on her Brexit deal - with little over a week until a crunch House of Commons vote.
Sky   |   Mon, 7 Jan 2019 20:08:00

Who is Dominic Cummings and was he really responsible for Brexit?

The Vote Leave chief was the brains behind '£350m-a-week for the NHS' and 'take back control'
Rob Merrick / The Independent   |   Mon, 7 Jan 2019 19:34:18

Car sales chuff along even as Brexit doom dents big-ticket spending | Larry Elliott

Scandal over diesel emissions is a bigger factor in explaining last year's sales dip Spare a thought for the car dealer waiting for the next customer to wander into a showroom choc-a-bloc with gleaming unsold saloons. Car sales last year were well down on 2017 - falling by almost 7% ...
Larry Elliott / Guardian   |   Mon, 7 Jan 2019 19:30:28

John Bercow calls on police to step in after far-right protesters outside parliament call Anna Soubry a 'Nazi'

'I take this issue very seriously and so, I am sure, do the police who have been made very well aware of our concerns'
Tim Wyatt / The Independent   |   Mon, 7 Jan 2019 19:04:20

Theresa May wrestles with EU and Tory rebels as she scrambles to save Brexit deal

The prime minister had rebel MPs to a Downing Street drinks party on Monday in a bid to persuade them to back her
Joe Watts / The Independent   |   Mon, 7 Jan 2019 18:56:00

Brexit to slash farmland prices by up to a fifth, forecasts say

Decades-long boom in agricultural land prices will cease as EU subsidies are axed Brexit will slice nearly one-fifth off the value of Britain's commercial farms according to forecasters, bringing to an end the decades-long boom in agricultural land prices as EU subsidies are withdrawn. Property experts Savills said farmland was ...
Patrick Collinson and Jasper Jolly / Guardian   |   Mon, 7 Jan 2019 18:27:23

No-deal Brexit rehearsal in Kent 'a waste of time'

Only 89 trucks take part in trial of emergency traffic system designed to cope with 6,000 vehicles A live rehearsal of an emergency traffic system that will be put in place to prevent congestion in Dover in the event of a no-deal Brexit has been described as "a waste of ...
Lisa O'Carroll Brexit correspondent / Guardian   |   Mon, 7 Jan 2019 18:21:52

The $25m Brexit contract awarded to a ferry company with no ferries

The $25m post-Brexit ferry contract is part of a $178m scheme to provide backup freight cover in case of a no-deal Brexit.
SMH   |   Mon, 7 Jan 2019 17:45:12

Lorry convoy sent on roundabout route in Brexit test

Haulage industry says 89 HGVs heading for Kent airfield 'too little too late'
FT   |   Mon, 7 Jan 2019 17:37:49

The Brexit battle to be the last plan standing

With 12 weeks until Britain leaves the EU, there is still no consensus among MPs
FT   |   Mon, 7 Jan 2019 17:35:52

UK's no-deal Brexit truck 'war game' prompts scorn

A convoy of nearly 90 trucks rolled through the southeast English countryside to Britain's main port to continental Europe on Monday in a government test-run for a potentially chaotic Brexit that was mocked as a farce by opponents of the split.
Reuters   |   Mon, 7 Jan 2019 17:35:17

Abe set to back May's Brexit deal on UK visit

Japanese PM to meet British counterpart as MPs debate compromise plan
FT   |   Mon, 7 Jan 2019 17:28:34

Channel 4 Unveils Brexit Battle Bus

Clever rebrand of the famous Vote Leave battle bus by Channel 4 to promote their new Brexit drama with Benedict Cumberbatch which is airing tonight. Triggering Remoaners before they even tune in... Guido saw an advance screening of Brexit: The Uncivil War last week and it is well worth a ...
Hugh Bennett / Guy Fawkes' blog   |   Mon, 7 Jan 2019 17:23:03

EU Citizens Have Been Failed Time And Again. With Precious Time Left To Make A Change Will The UK Finally Stand Up For Us?

Tanja Bueltmann / Huffington Post   |   Mon, 7 Jan 2019 17:16:08

HSBC criticised over 'anti-Brexit' ad campaign

HSBC has been criticised over a new advertising campaign that has been perceived by some as being anti-Brexit.
Sky   |   Mon, 7 Jan 2019 17:14:00

Labour chides government over Brexit ferry contract

The Labour Party criticised the government on Monday for awarding a 14 million pound contract to a ferry company with no ships to provide backup freight cover in case the country exits the European Union without a deal.
Reuters   |   Mon, 7 Jan 2019 17:07:48

No-deal Brexit lorry test branded 'pointless farce' after 89 vehicles show up

Telegraph Video / Telegraph   |   Mon, 7 Jan 2019 16:57:17

Britain is crippled by record personal debt while the Tories boast of a boom

UK households are taking on more debt than ever to make ends meet. In this climate, rising employment figures mean nothing With a government torn apart by Brexit and a country falling to pieces because of that government, Conservative MPs have a fallback they sometimes like to use as proof ...
Maya Goodfellow / Guardian   |   Mon, 7 Jan 2019 16:46:05

Latest On "Project Fear": UK Creates Artificial Traffic Jam Of 89 Trucks In 'No Deal' Test Run

As Theresa May and her cabinet grow increasingly desperate to whip up enough votes to pass her supremely unpopular Brexit withdrawal agreement, her government has taken their no-deal "Project Fear" to absurd new heights. In a demonstration meant to give the British public (and their representatives) a taste of the ...
Tyler Durden / Zero Hedge   |   Mon, 7 Jan 2019 16:45:11

Half-baked: what Greggs' vegan sausage roll says about Brexit Britain

It is not the first time culture wars have been fought over pastry and pork products. Is the launch of a vegan version the latest salvo - or a chance for a divided country to heal itself? It is the controversy that nobody understands, while at the same time understanding ...
Zoe Williams / Guardian   |   Mon, 7 Jan 2019 16:45:09

Iain Duncan Smith Claims It Is 'Ridiculous To Go On About Jobs' Amid No-Deal Brexit Fears

Rachel Wearmouth / Huffington Post   |   Mon, 7 Jan 2019 16:45:02

Theresa May Sparks Anger After Praising Brexit Opportunities In Hospital Staffed By EU Nationals

Jasmin Gray / Huffington Post   |   Mon, 7 Jan 2019 16:21:27

Newsnight Appoint Lefty Remainer as Economics Editor

Newsnight have appointed Ben Chu as their economics editor while Helen Thomas is on maternity leave. Chu is a lefty Remainer who has churned out a regular diet of sour-faced news stories attacking the Tories and generally revelling in bad economic news as the Independent's smug economics editor, attacking Brexiteers ...
Hugh Bennett / Guy Fawkes' blog   |   Mon, 7 Jan 2019 16:08:19

No-deal Brexit 'illegal because of imminent risks to life', says human rights lawyer

'From security breaches to lack of medicines ... a no-deal Brexit will be unlawful under the Human Rights Act and the UK's wider international human rights treaty obligations,' says Jonathan Cooper
Staff Reporter / The Independent   |   Mon, 7 Jan 2019 15:57:00

Brexit & Beyond: British Parliament Gears Up for Crucial Brexit Vote

To subscribe to the newsletter, please sign up here MUST READS British Parliament Gears Up for Crucial Brexit Vote: British lawmakers this week begin debating Prime Minister Theresa May's Brexit plan before a critical vote she is widely expected to lose, heightening political and economic uncertainty as Britain's withdrawal from ...
WSJ Staff / MoneyBeat   |   Mon, 7 Jan 2019 15:42:38

Labour chides government over ferry contract

The Labour Party on Monday criticised the government for awarding a 14 million pound contract to a ferry company with no ships to provide backup freight cover in the event of a no-deal Brexit.
Reuters   |   Mon, 7 Jan 2019 15:39:19

Why Brussels Should Be Wary of a Cancelled Brexit

Brussels has made clear its belief that Brexit was a mistake. But at this point, a clean break is probably for the best. The post Why Brussels Should Be Wary of a Cancelled Brexit appeared first on The American Interest .
Aaron Sibarium / The American Interest   |   Mon, 7 Jan 2019 15:36:14

EU reassurances on Theresa May's Brexit deal likely to be non-binding letter

Legal changes looking increasingly impossible to obtain
Jon Stone / The Independent   |   Mon, 7 Jan 2019 15:18:00

May claims Brexit bonus will help fund new NHS plan

Prime minister announces increased spending but avoids waiting time targets
FT   |   Mon, 7 Jan 2019 15:14:05

$1 trillion is leaving Britain because of Brexit

Brexit hasn't happened yet but it's already shrinking the United Kingdom's financial services industry.
CNN   |   Mon, 7 Jan 2019 15:03:04

Trucks used to test UK's no-deal Brexit preparedness

Times of India   |   Mon, 7 Jan 2019 14:40:17

Brexit: Corbyn compares Theresa May's deal to 'Frankenstein's monster' amid ridicule over lorry test

All the latest updates from Westminster, as they happened
Lizzy Buchan / The Independent   |   Mon, 7 Jan 2019 14:30:00

Brexit: Operation Brock lorry park A256 trial 'too little too late'

Nearly 90 lorries left a disused airport near Ramsgate to follow a route in convoy to Dover.
BBC   |   Mon, 7 Jan 2019 14:28:20

May pins hopes on last-minute EU offer on Brexit

PM pushes for commitment to trade deal by a certain date to avoid Irish backstop
FT   |   Mon, 7 Jan 2019 14:25:15

Lorry drivers paid £550 each for 'no-deal' Brexit test

Plans by the government to utilise a disused airfield if there is disruption at the border in the event of a "no-deal" Brexit have been criticised, as a trial of the system got under way.
Sky   |   Mon, 7 Jan 2019 14:14:00

Brexit: Conservative minister says 'we might have to extend Article 50' if Theresa May's deal defeated

Margot James admitted there could be too 'little time' to create an alternative to Ms May's deal before Brexit day
Joe Watts / The Independent   |   Mon, 7 Jan 2019 14:11:00

HSBC sparks controversy with ad campaign

"We are not an island" posters criticised for being anti-Brexit.
BBC   |   Mon, 7 Jan 2019 14:00:27

MPs manoeuvre against a 'no deal' Brexit

Commons returns with little clarity over how withdrawal saga will play out
FT   |   Mon, 7 Jan 2019 13:54:26

Minister: "We Might Have to Extend Article 50" if Deal Voted Down

"We might have to extend Article 50" says Tory Minister Margot James if MPs do not back PM's #Brexit deal in vote next week#politicsive - BBC Politics (@BBCPolitics) January 7, 2019 Culture Minister Margot James has told Politics Live that the Government "might have to extend Article 50" if May's ...
Hugh Bennett / Guy Fawkes' blog   |   Mon, 7 Jan 2019 13:48:13

Brexit: MPs will not be told of any changes to Theresa May's deal when debate starts

Prime minister abandons hopes of early breakthrough in hunt for 'reassurances' from EU - with 'meaningful vote' just 8 days away
Rob Merrick / The Independent   |   Mon, 7 Jan 2019 13:48:00

Bears To Bulls: "Take The Blindfold Off"

Authored by Sven Henrich via NorthmanTrader.com, 2019 Market Outlook The cataclysmic action of Q4 left investors shellshocked as stocks plummeted and over 90% of US Dollar based asset classes ran a negative return for 2018 going against all Wall Street forecasts. Macro monsters from trade wars, Brexit, slowing growth, a ...
Tyler Durden / Zero Hedge   |   Mon, 7 Jan 2019 13:46:06

May to pitch more Brexit ideas as she seeks EU help

Britain will set out additional proposals for Northern Ireland and giving parliament a bigger role as the government seeks more assurances from the European Union on her Brexit deal, Prime Minister Theresa May said on Monday.
Reuters   |   Mon, 7 Jan 2019 13:30:18

Labour to back bid for extra parliamentary barrier to no-deal Brexit - source

Britain's main opposition Labour Party are expected to back a proposal on Tuesday that could mean the government needs parliamentary approval for a no-deal Brexit, putting up a new hurdle for Prime Minister Theresa May.
Reuters   |   Mon, 7 Jan 2019 13:28:26

Weekends Could Be Cancelled For MPs In Bid To Tackle Extra Brexit Workload

Rachel Wearmouth / Huffington Post   |   Mon, 7 Jan 2019 13:20:00

Record low of 18 percent of voters think May has the right Brexit deal - poll

A record low of just 18 percent of British voters think Prime Minister Theresa May has got the right Brexit deal, an ORB poll published on Monday showed.
Reuters   |   Mon, 7 Jan 2019 13:08:27

Owen Jones Mobbed By Silly Yellow Vests

Wannabe Yellow Vest protesters in Westminster seemed to confuse Lexit sympathising Owen Jones for a second referendum proponent. One asked him "how many people attended the [anti]-Brexit march"... that Jones did not attend or endorse. The half-dozen protesters really don't do themselves any favours here... The post Owen Jones Mobbed ...
Tom Harwood / Guy Fawkes' blog   |   Mon, 7 Jan 2019 12:52:13

Brexit: PM 'working to get further EU assurances'

The PM says plans specific to Northern Ireland will be among those set out ahead of next week's vote.
BBC   |   Mon, 7 Jan 2019 12:49:34

Brompton stockpiles £1m of bike parts in case of hard Brexit

Firm says preparations for import delays are key part of 'shit hits the fan planning' Brompton Bicycle has built up a £1m stockpile of bike parts including wheel rims, spokes and steel, to guarantee supplies for its west London factory in case of a hard Brexit. The foldable bike maker, ...
Sarah Butler / Guardian   |   Mon, 7 Jan 2019 12:28:21

Theresa May to hold talks in London with Japan leader Shinzo Abe

Brexit and trade between the UK and Japan likely to dominate the agenda
FT   |   Mon, 7 Jan 2019 12:27:12

UK PM May to pitch more Brexit ideas as she seeks EU help

Britain will set out additional proposals for Northern Ireland and giving parliament a bigger role as the government seeks more assurances from the European Union on her Brexit deal, Prime Minister Theresa May said on Monday.
Reuters   |   Mon, 7 Jan 2019 12:26:29

Brexit - The Uncivil War: Which Actor Looks Most Realistic?

Connor Parker / Huffington Post   |   Mon, 7 Jan 2019 12:24:20

GBP/JPY in search of a firm direction, stuck in a range around 138.00 handle

• The Japanese Yen remains underpinned despite improving risk-sentiment. • Brexit uncertainties hold GBP bulls from placing aggressive bullish bets. • Focus remains on the upcoming UK parliament debate on May's Brexit deal. The GBP/JPY cross seesawed between tepid gains/minor losses and extended its sideways consolidative price action through the ...
FX Street   |   Mon, 7 Jan 2019 12:22:27

To frighten the EU into believing we are serious about no-deal Brexit, the country has staged a fake traffic jam all the way to Dover

The purpose of the exercise was not immediately clear, and given it was the brainchild, which is to say orphan, of Chris Grayling, it's likely to remain unknowable
Tom Peck / The Independent   |   Mon, 7 Jan 2019 12:05:30

UK's May still working on assurances from EU on Brexit deal: spokesman

Prime Minister Theresa May is still working on obtaining assurances from the European Union which British lawmakers have said they need before they could vote for her Brexit deal, her spokesman said on Monday.
Reuters   |   Mon, 7 Jan 2019 12:04:38

DWP fixes 'nonsensical' no-deal Brexit investment regulations

The Department for Work and Pensions (DWP) has amended draft no-deal Brexit regulations to remove a provision which would have made scheme investments illegal.
James Phillips / Professional Pensions   |   Mon, 7 Jan 2019 12:03:40

No-Deal Brexit Border Scenario Staged In Kent

Stephanie Bosset / Huffington Post   |   Mon, 7 Jan 2019 12:02:07

UK PM spokesman: May working to get assurances parliament needs on Brexit deal

The UK PM Theresa May's spokesman, James Slack was out on the wires in the last hour, confirming that meaningful vote on Brexit deal will happen next week. Key quotes: • The vote will take place during the week of 14 January. • The precise timing of vote depends on ...
FX Street   |   Mon, 7 Jan 2019 12:01:42

May still working on assurances from EU on Brexit deal - spokesman

Prime Minister Theresa May is still working on obtaining assurances from the European Union which MPs have said they need before they could vote for her Brexit deal, her spokesman said on Monday.
Reuters   |   Mon, 7 Jan 2019 11:53:51

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA, CRM)

Here is what you need to know. China sends Xi's top economic adviser to talk trade. Vice premier Liu He, the top economic adviser to Chinese President Xi Jinping, made an unexpected appearance at trade talks in Beijing on Monday, Bloomberg says. Brexit is going to cause $1 trillion of ...
Jonathan Garber / Business Insider   |   Mon, 7 Jan 2019 11:52:00

No-deal Brexit truck 'war game' prompts scorn

Britain's government sent a convoy of 87 trucks on a test-run from a little-used airport to the country's main trading gateway to continental Europe on Monday -- a rehearsal for the upheaval of a no-deal Brexit that was mocked as a clumsy waste of money.
Reuters   |   Mon, 7 Jan 2019 11:47:07

GBP/USD eases from tops, once again fails ahead of 50-day SMA

• The prevalent USD selling bias helped build on last week's strong rebound. • Focus remains on UK Parliament debate/meaningful vote on May's Brexit deal. • Today's release of US ISM non-manufacturing PMI eyed for some trading impetus. The GBP/USD pair extended its sideways consolidative price action and remained confined ...
FX Street   |   Mon, 7 Jan 2019 11:35:34

EU Commission: Brexit deal on table is the only deal possible

The European Commission spokesman Margaritis Schinas was out on the wires in the last hour, reiterating that the Brexit deal on the table is the only deal possible and will not be renegotiated. Additional quotes: • Juncker and UK PM May agreed to talk again this week • The EU ...
FX Street   |   Mon, 7 Jan 2019 11:24:57

UK truck convoy tests whether trip to Dover will overload roads if there is no-deal Brexit

Britain began rehearsals on Monday for the upheaval of a no-deal Brexit by lining up dozens of trucks at a little-used airport for a trip towards the UK's most important trading gateway to continental Europe. With the British parliament deadlocked, the ultimate destination of the Brexit project is unclear, with ...
Reuters / South China Morning Post   |   Mon, 7 Jan 2019 11:24:26