Brexit News Archive: 21 Jan 2019

Italy's EcoMin Tria: Policies recommended by IMF pose economic risks

Italy's Economy Minister Tria was on the wires earlier today, via Reuters, making some comments on the IMF's global growth downgrade and the Brexit issue. Main Headlines: Policies recommended by IMF pose economic risks. Italy does not pose risk to European/global economy. Italy is working on rules to face possible ...
FX Street   |   Mon, 21 Jan 2019 23:01:45

Germany calls on Britain to make proposal to end Brexit deadlock

Germany continues to advocate an orderly exit of Britain from the European Union and Berlin expects the British government to agree soon on proposals that are backed by a majority of parliament, a German government spokesman said on Monday.
Reuters   |   Mon, 21 Jan 2019 22:29:36

German Govt Spox: Germany continues to campaign for an orderly Brexit

A German Government Spokesman is out on the wires now, via Reuters, noting that Germany continues to campaign for an orderly exit of the UK from the European Union (EU). The official also added Germany expects the British government to agree soon on proposals backed by a majority of parliament.
FX Street   |   Mon, 21 Jan 2019 22:29:06

UK Labor Party proposes option of second Brexit referendum

Reuters reports the latest update on the Brexit issue, citing that the UK opposition party, the Labor Party, proposes the option of a second Brexit referendum. Additional Details (via The Telegraph): "Jeremy Corbyn has endorsed a plan to force a second EU referendum as he bowed to pressure from Labour ...
FX Street   |   Mon, 21 Jan 2019 22:22:12

New Zealand signs post-Brexit recognition agreement with UK

New Zealand has joined Australia in signing up to a deal with Britain aimed at softening the impact of Brexit on trade.
SMH   |   Mon, 21 Jan 2019 21:36:03

Jeremy Corbyn Calls For MPs To Get The Right To Trigger Second Brexit Referendum

Paul Waugh / Huffington Post   |   Mon, 21 Jan 2019 21:32:49

Morning Update: Tuesday January 22

The Liberals brace for a mass exodus, the Socceroos grind out a tough win, and Brexit discussions continue to drag on in the UK.
Matt Bungard / SMH   |   Mon, 21 Jan 2019 20:30:08

Brexiters feel heat as prospect of exit delay grows

Eurosceptics look for reasons to back May's deal if terms are improved
FT   |   Mon, 21 Jan 2019 20:26:57

How MPs are seeking to take control of Brexit

Senior backbenchers aim to set the agenda and prevent the UK crashing out of the EU
FT   |   Mon, 21 Jan 2019 20:07:47

UK's Labour seeks to force May to rule out no-deal Brexit

Britain's opposition Labour Party is seeking to force Prime Minister Theresa May to rule out leaving the European Union without a deal and to give parliament a vote on the options to break a deadlock over the way forward.
Reuters   |   Mon, 21 Jan 2019 20:03:50

Labour seeks to force May to rule out no-deal Brexit

Britain's opposition Labour Party is seeking to force Prime Minister Theresa May to rule out leaving the European Union without a deal and to give parliament a vote on the options to break a deadlock over the way forward.
Reuters   |   Mon, 21 Jan 2019 20:03:29

Londonderry attacks spark Brexit violence fears

Warnings that introduction of hard border would mean possibility of new unrest
FT   |   Mon, 21 Jan 2019 19:54:51

Brexit: MPs and business leaders protest at May's identical 'plan B'

Jeremy Corbyn attacks 'groundhog day', while senior Tories warn UK is 'laughing stock' as prime minister pretends 'last week's vote never happened'
Rob Merrick / The Independent   |   Mon, 21 Jan 2019 19:27:00

UK shares soak up Chinese data and Plan B Brexit; FTSE ended +0.03%

Shares in London little changed while investors soaked up the Chinese data from over the weekend and awaited Theresa May's presentation of her 'Plan B' on Brexit to The House of Commons. FTSE 100 index ended higher by 0.03%, closing at 6,970.59. Markets took the Chinese data in its stride, ...
FX Street   |   Mon, 21 Jan 2019 19:04:07

Theresa May Unveils Brexit Plan B. It Looks A Lot Like Roundly Rejected Plan A

LONDON (AP) - British Prime Minister Theresa May unveiled her Brexit Plan B on Monday - and it looks a...
Cristina Cabrera / TPM   |   Mon, 21 Jan 2019 18:44:00

Theresa May is moving through the five stages of Brexit grief - but they are all denial

The prime minister told the House of Commons that her approach 'had to change', which means, of course that nothing has
Tom Peck / The Independent   |   Mon, 21 Jan 2019 18:43:00

Cross-Channel freight trade 'could drop by 87%' under 'no-deal' Brexit

Cross-Channel freight trade could drop by between 75% and 87% for six months in the event of a "no-deal" Brexit, according to a Border Force document obtained by Sky News.
Sky   |   Mon, 21 Jan 2019 18:42:00

SNB's Zurbruegg: Situation on FX market remains fragile

While speaking at an economic forum in Landquart, Switzerland, the Swiss National Bank's Vice-Chairman Fritz Zurbruegg said that the situation in the forex markets was still fragile to reiterate Chairman Jordan comments from last week. Key quotes (via Reuters) Uncertainties have risen of late, including protectionism, Brexit, Italy. Outlook for ...
FX Street   |   Mon, 21 Jan 2019 18:35:31

Brexit: Theresa May offers MPs chance to shape deal - as it happened

FT   |   Mon, 21 Jan 2019 18:35:01

UK minister: No link between Northern Ireland bomb and Brexit

Britain's Northern Ireland minister Karen Bradley said on Monday there was no link between a car bomb and several subsequent security alerts in Northern Ireland and the ongoing Brexit discussions in parliament.
Reuters   |   Mon, 21 Jan 2019 18:28:51

U.K. Leader Unveils Brexit Plan B, Looks A Lot Like Plan A

Theresa May launches a mission to resuscitate her rejected European Union divorce deal, setting out plans to get it approved by Parliament.
JILL LAWLESS and RAF CASERT / The Associated Press / truthdig   |   Mon, 21 Jan 2019 18:26:32

Theresa May Presents Updated Brexit Plan To The House Of Commons

Lauren Gosling-Powell / Huffington Post   |   Mon, 21 Jan 2019 18:24:45

Brexit: David Cameron warned by Donald Tusk over 'stupid referendum'

Donald Tusk tells a BBC documentary he told the ex-prime minister to "get real" before the referendum.
BBC   |   Mon, 21 Jan 2019 18:22:11

Spain and UK guarantee post-Brexit voting rights

Accord is an indicator of patchwork of bilateral deals likely after Britain leaves EU
FT   |   Mon, 21 Jan 2019 18:17:06

It's 'Groundhog Day': May continues to test the Brexit weather

Theresa May's Conservative colleague complained of "another week of can-kicking" after the latest Brexit update.
Nick Miller / SMH   |   Mon, 21 Jan 2019 18:15:40

Eurogroup head Centeno: Important for us to be ready for all Brexit scenarios

"Ministers at the Eurogroup heard from the EU Commission about contigency planning measures for Brexit. It is important for us to be ready for all scenarios, including a no-deal Brexit, which we all want to avoid," Eurogroup head Mario Centeno recently tweeted out.
FX Street   |   Mon, 21 Jan 2019 17:57:56

Brexit news: Theresa May mocked over 'Groundhog Day' as she unveils plan B almost identical to original plan

A look back at today's events in Westminster
Shehab Khan, Lizzy Buchan / The Independent   |   Mon, 21 Jan 2019 17:57:00

Theresa May's Brexit Plan B is just Plan A all over again

CNN   |   Mon, 21 Jan 2019 17:56:40

Brexit Boxes and Stockpiling Medicines, Britons Prepare for a No-Deal E.U. Exit

Fears of food and medicine shortages are the top of some people's concerns in the U.K. as the possibility of a no-deal Brexit increased after a proposed deal by British Prime Minister Theresa May was rejected by the U.K. parliament. Some U.K. citizens and businesses have been making preparations by ...
George Steer / Time   |   Mon, 21 Jan 2019 17:52:56

'Fascist' Row As Theresa May Hints New Brexit Vote Could Spark Violence

Paul Waugh / Huffington Post   |   Mon, 21 Jan 2019 17:52:28

Brexit: 40 government ministers could resign unless they can vote against no-deal, Theresa May warned

Amber Rudd leads calls for Tory MPs to be given free vote on key backbench motion to extend Article 50 if no agreement in place next month
Benjamin Kentish / The Independent   |   Mon, 21 Jan 2019 17:42:00

Exclusive: Rebel MPs Join Forces To Stop No-Deal Brexit And Take Control From May

Arj Singh / Huffington Post   |   Mon, 21 Jan 2019 17:39:07

Brexit reopens Northern Ireland's old wounds

On Saturday morning, I checked out of a hotel in central Derry, also known as Londonderry, cheerily telling staff I looked forward to bringing my family back to visit.
CNN   |   Mon, 21 Jan 2019 17:33:19

May scraps fee for EU citizens

One week after the crushing defeat of her Brexit deal, Prime Minister Theresa May returned to Parliament on Monday to announce that she would be scrapping a controversial fee for European citizens wishing to stay in Britain, saying that it was clear that the government's approach "had to change."
CNN   |   Mon, 21 Jan 2019 17:30:29

PM May tries to tweak defeated Brexit plan, refuses to rule out no-deal

British Prime Minister Theresa May sought to break the parliamentary deadlock over Brexit on Monday by proposing to seek further concessions from the European Union on a plan to prevent customs checks on the Irish border.
Reuters   |   Mon, 21 Jan 2019 17:28:14

UK may face resignations if lawmakers stopped from voting away no-deal: The Times

The British government has been warned by a cabinet minister that there could be dozens of resignations next week if Conservative lawmakers are banned from voting for a plan to stop a no-deal Brexit, The Times newspaper reported.
Reuters   |   Mon, 21 Jan 2019 17:21:07

Brexit: All the latest updates

With just 68 days until Brexit, Prime Minister Theresa May is attempting to get her deal approved by MPs.
Al Jazeera   |   Mon, 21 Jan 2019 17:17:41

There's no Brexit Plan B - this is still Plan May

In her statement to the House of Commons, the UK prime minister has failed to offer any real clarity on where her government's Brexit policy is heading. Rather than unveiling a Plan B, she set out Plan May with some procedural bells and whistles. Number 10 followed her statement by ...
Kenneth Armstrong, Professor of European Law and Director of the Centre for European Legal Studies, University of Cambridge / The Conversation   |   Mon, 21 Jan 2019 17:13:33

The British PM needed to have something substantial to tell lawmakers today. But so far, little has changed

Less than a week after her Brexit plan was defeated in the House of Commons by a record number of votes, Theresa May needed to have something substantial to tell lawmakers when she returned to Parliament on Monday.
CNN   |   Mon, 21 Jan 2019 17:10:04

May to say she will look at Northern Irish backstop and go back to EU - BBC

British Prime Minister Theresa May will tell parliament she will look at how to meet the promises she has made to the people of Ireland and Northern Ireland in a way that can win the backing of parliament for her Brexit deal, the BBC reported.
Reuters   |   Mon, 21 Jan 2019 17:09:23

IMF: UK Will Be Fastest Growing European G7 Country After Brexit

The International Monetary Fund has released a forecast showing they expect the UK to have the joint-fastest GDP growth among European countries in the G7 nations in both 2019 and 2020. This is a significant upgrade from their October forecast.. The IMF is also predicting that growth will rise further ...
Tom Harwood / Guy Fawkes' blog   |   Mon, 21 Jan 2019 17:01:38

British PM to set out plan for salvaging Brexit deal

Times of India   |   Mon, 21 Jan 2019 16:58:31

Theresa May tries solve Irish border riddle, refuses to rule out no-deal Brexit

British Prime Minister Theresa May said on Monday that she would try to break the deadlock over her Brexit deal by seeking further concessions from the European Union on a backup plan to avoid a hard border in Ireland.
Reuters   |   Mon, 21 Jan 2019 16:56:03

GBP/USD: Profit taking ensued during PM May's Plan B presentation to Parliament

GBP/USD pops on relief that PM May has not caused an additional bearish catalyst in presenting her Plan B to Parliament. PM May will go back to Brussels to ask for the necessary changes, looking for changes to the withdrawal agreement and to get a Brexit plan through The Commons ...
FX Street   |   Mon, 21 Jan 2019 16:49:58

Brexit: May announces her Brexit plan B

UK prime minister rules out people's vote
FT   |   Mon, 21 Jan 2019 16:49:54

The Guerrilla Anti-Brexit Campaign Trolling Politicians With Their Own Words Is 'Going Legit'

Chris York / Huffington Post   |   Mon, 21 Jan 2019 16:48:57

Fee for EU nationals scrapped as May promises backstop talks

Theresa May has scrapped a fee for EU nationals seeking settled status in Britain after Brexit, as she pledged more talks around the controversial Irish border backstop.
Sky   |   Mon, 21 Jan 2019 16:38:00

May Does Not Rule Out Article 50 Extension

This will unnerve Brexiteers... The post May Does Not Rule Out Article 50 Extension appeared first on Guido Fawkes .
Tom Harwood / Guy Fawkes' blog   |   Mon, 21 Jan 2019 16:35:20

Ex-PM Cameron thought 'no risk' of Brexit vote - EU's Tusk

The leader who triggered the vote that began Britain's chaotic divorce from the European Union said he never expected the referendum to go ahead as he did not foresee winning the 2015 election outright, European Council President Donald Tusk has said.
Reuters   |   Mon, 21 Jan 2019 16:32:31

Backstop fundamental problem, withdrawal deal must be changed: DUP MP

A lawmaker from the small Northern Irish party propping up British Prime Minister Theresa May's government said the border remained the fundamental problem with her Brexit divorce deal that she must focus on changing
Reuters   |   Mon, 21 Jan 2019 16:29:36

Theresa May drops post-Brexit £65 fee for EU citizens

The UK prime minister said she wanted 'no financial barrier for any EU nationals who wish to stay.'
Charlie Cooper / Politico   |   Mon, 21 Jan 2019 16:27:57

Germany's Maas rejects five-year limit on Irish backstop in Brexit deal

Germany's Foreign Minister Heiko Maas on Monday rejected an idea floated by his Polish counterpart to put a five-year limit on the Irish border in any Brexit deal with Britain.
Reuters   |   Mon, 21 Jan 2019 16:26:46

Brexit: May says EU unlikely to extend Article 50 without a plan

British PM tells parliament any re-run of the 2016 referendum would break faith with the British people.
Al Jazeera   |   Mon, 21 Jan 2019 16:26:08

Ex-UK PM Cameron thought 'no risk' of Brexit vote: EU's Tusk

The leader who triggered the vote that began Britain's chaotic divorce from the European Union said he never expected the referendum to go ahead as he did not foresee winning the 2015 election outright, European Council President Donald Tusk has said.
Reuters   |   Mon, 21 Jan 2019 16:23:08

EUR/USD consolidates around 1.1360, near last week lows as UK PM May speaks at Parliament

Euro unchanged against the US dollar, trades near Friday's close. DXY steady at 2-week highs above 96.00. Brexit: UK PM May speaks at the Parliament. The EUR/USD pair bottomed during the US session at 1.1355, slightly above last week lows. It is trading in a small range between 1.1355 and ...
FX Street   |   Mon, 21 Jan 2019 16:12:15

UK's May makes Brexit offer in last-ditch bid to win over lawmakers

British Prime Minister Theresa May promised on Monday to be more open with parliament in negotiating the future relationship with the European Union and to ease the concerns of lawmakers over the divorce deal to win their agreement.
Reuters   |   Mon, 21 Jan 2019 16:07:46

May makes Brexit offer in last-ditch bid to win over lawmakers

British Prime Minister Theresa May promised on Monday to be more open with parliament in negotiating the future relationship with the European Union and to ease the concerns of lawmakers over the divorce deal to win their agreement.
Reuters   |   Mon, 21 Jan 2019 16:05:31

Brexit: Theresa May scraps £65 fee for EU citizens

EU citizens will no longer have to pay £65 for the right to stay in the UK after Brexit, the PM announces.
BBC   |   Mon, 21 Jan 2019 15:54:03

UK PM May: Will waive application fee for EU citizens to register in Britain

British Prime Minister Theresa May is now delivering her "Brexit Plan B" in the House of Commons. Key quotes (via Reuters) Must fully respect Belfast Agreement through Brexit. We will not reopen Belfast Agreement. Will seek input from voices outside government in second phase of Brexit talks. Government will consult ...
FX Street   |   Mon, 21 Jan 2019 15:48:42

Brexit's primitive passions could bring havoc to Ireland - and far beyond

The Good Friday Agreement was a marvel that is now threatened by the ignorant and the nasty among Britain's ruling elite. Theresa May and Taoiseach Leo Varadkar at a press conference in 2017. Image: PAHistory, Karl Marx famously quipped, repeats itself: first as tragedy, then as farce. That's certainly true ...
Peter Geoghegan / Open Democracy   |   Mon, 21 Jan 2019 15:48:25

Brexit: Government will scrap £65 fee for EU citizens who want to stay in UK, Theresa May says

The government will scrap the £65 fee that EU citizens must pay if they want to remain in the UK after Brexit, Theresa May has announced.
The Independent   |   Mon, 21 Jan 2019 15:46:31

Theresa May Scraps Plan To Charge EU Citizens To Stay In UK After Brexit

Ned Simons / Huffington Post   |   Mon, 21 Jan 2019 15:46:24

Watch: British PM Theresa May turns to Brexit 'plan B'

British Prime Minister Theresa May unveils her Brexit "Plan B" to parliament on Monday after MPs shredded her EU divorce deal, deepening the political gridlock 10 weeks from departure day. Britain will leave the European Union on March 29 without a deal unless MPs can force a delay or get ...
Agence France-Presse / South China Morning Post   |   Mon, 21 Jan 2019 15:44:38

Corbyn is failing the Brexit test

The Labour leader's refusal to step into the vacuum left by May's defeat is misguided
FT   |   Mon, 21 Jan 2019 15:42:13

UK PM May: Government's approach to Brexit has changed

British Prime Minister Theresa May is now delivering her "Brexit Plan B" in the House of Commons. Key quotes Government's approach to Brexit has changed. It would be against the referendum result to revoke Article 50. A second referendum could have significant implications on how we handle referendums in this ...
FX Street   |   Mon, 21 Jan 2019 15:41:11

UK PM May to say she will look at Northern Irish backstop and go back to EU: BBC

British Prime Minister Theresa May will tell parliament she will look at how to meet the promises she has made to the people of Ireland and Northern Ireland in a way that can win the backing of parliament for her Brexit deal, the BBC reported.
Reuters   |   Mon, 21 Jan 2019 15:39:48

EU president Donald Tusk says he told David Cameron to 'get real' over his 'stupid' Brexit referendum

EU chief was amazed that David Cameron called vote for party management purposes
Jon Stone / The Independent   |   Mon, 21 Jan 2019 15:33:00

May Rules Out Changes To Good Friday Agreement, Offers Parliament More Control Over Trade Negotiations

Update 3: In his rebuttal, Labour Leader Jeremy Corbyn declared that "nothing has changed" on May's end, and that a deal will only become workable when the Prime Minister agrees to surrender some of her infamous "red lines" - presumably a reference to Tories insistence that the UK leave the ...
Tyler Durden / Zero Hedge   |   Mon, 21 Jan 2019 15:29:00

Refugees and family migrants more likely to feel British than other immigrants

Public anxiety over immigration was a key factor in the Brexit referendum result. The government's recent proposals for a new post-Brexit immigration system, which will put an end to the free movement of people from the EU, are intended to ease this same anxiety. Yet, the emphasis of the new ...
Stuart Campbell, Research Associate, UCL / The Conversation   |   Mon, 21 Jan 2019 15:08:21

David Cameron Believed Brexit Referendum Would Never Happen, Claims EU Chief

Ned Simons / Huffington Post   |   Mon, 21 Jan 2019 14:56:34

Australian Trade Minister pours cold water on Britain's post-Brexit TPP plan

"The UK is some distance from the Pacific, the last time I checked," Trade Minister Simon Birmingham said.
Nick Miller / SMH   |   Mon, 21 Jan 2019 14:55:55

GBP/USD - British pound ahead of next Brexit round

GBP/USD has ticked lower in the Monday session. In North American trade, the pair is trading at 1.2869, down 0.03% on the day. On the release front, U.S. banks are closed for a holiday, and there are no U.S. or British indicators. British Prime Minister May is expected to speak ...
Kenny Fisher / OANDA   |   Mon, 21 Jan 2019 14:53:10

British PM to focus on EU concessions in bid to break Brexit deadlock

British Prime Minister Theresa May will try to break the deadlock over her Brexit plans on Monday by setting out proposals in parliament that are expected to focus on winning more concessions from the European Union.
Reuters   |   Mon, 21 Jan 2019 14:51:56

UK begins EU citizen registration amid uncertainty, stress

Millions of EU citizens living in Britain can register from Monday for settled status after Brexit but a research group warned that many could still be left out in the cold and some EU nationals are attending support groups to cope with the stress.
Reuters   |   Mon, 21 Jan 2019 14:51:33

Brexit brinkmanship: a game theory expert on where Jeremy Corybn and Theresa May go from here

If the Brexit negotiation process is doing one thing for British politics, it's in shining a very bright light on the strategic manoeuvring of politicians on all sides. And simple game theory can tell us a lot about how the process is playing out among the different factions in parliament. ...
Abhinay Muthoo, Dean of Warwick in London, Co-Director of the Warwick Policy Lab and Professor of Economics, University of Warwick / The Conversation   |   Mon, 21 Jan 2019 14:51:26

Donald Tusk warned David Cameron about 'stupid' Brexit referendum

Ex-British PM thought the Liberal Democrats would block plans to hold EU referendum.
Paul Dallison / Politico   |   Mon, 21 Jan 2019 14:46:26

Eddie Stobart starts rail service from London port as Brexit looms

Eddie Stobart Logistics is starting a rail service from the London port of Tilbury to Daventry, where major retailers including Amazon have distribution centres, as uncertainty rises over Brexit.
Reuters   |   Mon, 21 Jan 2019 14:31:41

Ireland knocks back Polish proposal to break Brexit deadlock over backstop

Poland's foreign minister said on Monday he had proposed limiting the Irish backstop to five years in order to unblock the Brexit deadlock but the idea was immediately knocked back by Ireland as being out of step with the EU's stance.
Reuters   |   Mon, 21 Jan 2019 14:29:14

Brexit: German government suggests UK should 'think again' about leaving EU with second referendum

Europe minister Michael Roth suggests final say referendum might be a good idea
Jon Stone / The Independent   |   Mon, 21 Jan 2019 14:26:00

Little Breakthrough in Sight as Theresa May Set to Unveil Brexit's 'Plan B'

British lawmakers are due to vote on May's 'Plan B' on Jan. 29
JILL LAWLESS and RAF CASERT / AP / Time   |   Mon, 21 Jan 2019 14:20:27

Barnier wards off UK redraw of backstop

Poland highlights tensions over Brexit among EU27
FT   |   Mon, 21 Jan 2019 13:57:48

Ireland rejects time-limited backstop idea in Brexit deal

Ireland's Foreign Minister Simon Coveney rejected on Monday the idea that a backstop arrangement to avoid a physical border between Ireland and Northern Ireland after Britain leaves the EU could be limited in time.
Reuters   |   Mon, 21 Jan 2019 13:45:53

EUR/GBP finds support near 0.8820, looks to PM May

The cross debilitates to the 0.8820 region and rebounds. GBP remains under pressure on Brexit uncertainty. PM Theresa May's Brexit 'Plan B' next of relevance. The performance of the Sterling remains in centre stage at the beginning of the week, prompting EUR/GBP to recede from tops near 0.8860 although meeting ...
FX Street   |   Mon, 21 Jan 2019 13:39:57

One graphic that almost explains Theresa May's Brexit options

The clock is ticking for Theresa May as the March 29 deadline for Britain to leave the European Union approaches.
CNN   |   Mon, 21 Jan 2019 13:37:23

Spain, UK sign deal guaranteeing voting rights for residents after Brexit

The agreement will guarantee the chance for Spaniards and Britons to participate in, and run for, the municipal elections due to be held in May in their adoptive countries
Lucía Abellán / EL PAÍS   |   Mon, 21 Jan 2019 13:19:20

Brexit & Beyond: Demonstrators Take to French Streets For 10th Weekend Straight

To subscribe to the newsletter, please sign up here MUST READS Calls for Yellow-Vests to Debate, Not Demonstrate, Fall on Deaf Ears: Thousands of protesters took to the streets across France on Saturday for the 10th consecutive weekend of demonstrations, despite efforts by President Emmanuel Macron to channel yellow-vest anger ...
WSJ Staff / MoneyBeat   |   Mon, 21 Jan 2019 13:19:19

'More Work to Do': German Economy Prepares for No-Deal Brexit

A no-deal Brexit threatens to have a major impact on the European economy. Companies have long since begun making concrete preparations for an eventuality that is looking increasingly likely.
Spiegel   |   Mon, 21 Jan 2019 13:18:06

IMF cuts global growth outlook, cites trade war

In its second downgrade in three months, the global lender also cited a slowdown in China's economy and a possible "No Deal" Brexit as risks to its outlook, saying these could worsen market turbulence in financial markets.
Times of India   |   Mon, 21 Jan 2019 13:07:50

Ireland's Coveney: Brexit withdrawal is not up for renegotiation

Irish foreign minister, Simon Coveney, has recently crossed the wires reiterating that the Brexit Withdrawal was not up for renegotiation. While commenting on an article from Poland claiming that the backstop issue could be solved by using a deadline, Coveney said that the backstop "can't be time-limited." Source: Reuters.
FX Street   |   Mon, 21 Jan 2019 13:03:47

IMF reluctant to make UK forecasts amid Brexit uncertainty

Economic growth prediction for 2019 kept unchanged at 1.5%
FT   |   Mon, 21 Jan 2019 13:00:44

IMF: no-deal Brexit and Chinese slump are biggest economic risks

Escalation of Trump's trade war with China also a threat, says World Economic Outlook A no-deal Brexit and a sharper slowdown in China are the biggest risks to growth in the global economy in 2019, the International Monetary Fund has warned in its latest economic outlook. Amid already falling levels ...
Phillip Inman / Guardian   |   Mon, 21 Jan 2019 13:00:13

Polish foreign minister proposes limiting Brexit deal's Irish backstop: BBC

Poland's foreign minister said on Monday he is proposing limiting the Irish backstop to five years in order to unblock the Brexit deadlock, a reporter for the BBC in Brussels said.
Reuters   |   Mon, 21 Jan 2019 12:56:36

Poland Foreign Minister Floats Five-Year Time Limit To Brexit Backstop

Ned Simons / Huffington Post   |   Mon, 21 Jan 2019 12:56:12

Brexit: Poland breaks ranks from other EU countries to suggest time-limit on Irish backstop to satisfy Tory rebels

Foreign minister decries game of 'chicken' between Brussels and Westminster
Jon Stone / The Independent   |   Mon, 21 Jan 2019 12:56:00

Democracy must be re-established in Europe

Call to engage in a continent-wide democratic debate on the deep crisis facing the European Union and how to overcome it. Minute silence observed by EU leaders for victims of Strasbourg Xmas market shooting at the EU Summit on Brexit. Enzo Zucchi/Press Association. All rights reserved. At the end of ...
Alain Supiot and sixteen fellow academics / Open Democracy   |   Mon, 21 Jan 2019 12:54:09

Factbox: UK PM's Brexit 'plan B' - What happens next in parliament?

British Prime Minister Theresa May will return to parliament on Monday to lay out her plans to break the deadlock over Brexit after her agreement with the European Union was resoundingly rejected last week.
Reuters   |   Mon, 21 Jan 2019 12:50:04

Factbox: PM's Brexit 'plan B' - What happens next in parliament?

British Prime Minister Theresa May will return to parliament on Monday to lay out her plans to break the deadlock over Brexit after her agreement with the European Union was resoundingly rejected last week.
Reuters   |   Mon, 21 Jan 2019 12:42:59

Government's Brexit Settlement Scheme 'Could Lead To New Windrush Scandal', Think-Tank Warns

Jasmin Gray / Huffington Post   |   Mon, 21 Jan 2019 12:37:41

5-year backstop would resolve Brexit crisis, says Polish foreign minister

Jacek Czaputowicz said a time-limited backstop was 'much more favorable than a no-deal Brexit.'
James Randerson, Jan Cienski / Politico   |   Mon, 21 Jan 2019 12:33:55

Capital Markets: "Chinese Data and UK Brexit Start New Week"

From Marc to Market: Overview: Mixed data from China and the anticipation of Prime Minister May's "Plan B" are the main talking points, while US stock and bond markets are closed today. Asia Pacific equities were higher, while European markets have failed to follow suit. Benchmark 10-year bond yields are ...
climateer / Climateer Investing   |   Mon, 21 Jan 2019 12:29:00

EUR/USD clings to daily gains near 1.1370, focus remains on Brexit

Spot trades within the daily range around 1.1370. The greenback stays slightly bid in the 96.30/35 band. Markets' attention stay on Brexit and May's 'Plan B'. EUR/USD is navigating within a 30-pip range today, as volatility in the global markets remain thin due to the US holiday. EUR/USD looks to ...
FX Street   |   Mon, 21 Jan 2019 12:22:53

GBP/USD recovers early lost ground, turns neutral ahead of May's Brexit Plan B

• A modest USD uptick exerts some follow-through pressure on Monday. • Traders seemed reluctant to place bets ahead of the latest Brexit update. The GBP/USD pair quickly recovered around 30-pips from an intraday low level of 1.2831 and is currently placed at the top end of its daily trading ...
FX Street   |   Mon, 21 Jan 2019 12:17:36

Breaking the Brexit deadlock: a binding Protocol to the Withdrawal Agreement might provide the answer

What if the solution for the UK Brexit shambles does lie with the EU? In this blog, Stijn Smismans (Cardiff University) proposes the tool of a Protocol to the Withdrawal Agreement, instead of a Political Declaration, as a way to change the dynamics of cross-party compromise on a new deal. ...
Roch Dunin-Wasowicz / LSE   |   Mon, 21 Jan 2019 12:17:00

May will not change Good Friday Agreement says Downing St

UK PM due to give statement on how to break Brexit parliamentary deadlock at 3.30pm
FT   |   Mon, 21 Jan 2019 12:16:56

If Stopping No-Deal Is Our Priority, We Are Running Out Of Options

Mike Buckley / Huffington Post   |   Mon, 21 Jan 2019 12:10:12

UK's May will have to change Brexit deal to win over parliament - spokesman

Prime Minister Theresa May's Brexit plan will have to change if it is to win the support of parliament, her spokesman said on Monday, adding that talk with lawmakers on what changes were needed were ongoing.
Reuters   |   Mon, 21 Jan 2019 11:54:05

May will have to change Brexit deal to win over parliament - spokesman

Prime Minister Theresa May's Brexit plan will have to change if it is to win the support of parliament, her spokesman said on Monday, adding that talk with members of parliament on what changes were needed were ongoing.
Reuters   |   Mon, 21 Jan 2019 11:49:25

Brexit bites: more than 200 products subject to shrinkflation, says ONS

Weak pound has pushed up cost of imports, leading firms to reduce pack sizes More than 200 different consumer products, from toilet roll to chocolate, shrank in size about the time of the Brexit vote. According to figures from the Office for National Statistics, as many as 206 individual items ...
Richard Partington / Guardian   |   Mon, 21 Jan 2019 11:19:09

UK PM May to reveal Brexit Plan B in the Commons at 1530 GMT

According to the latest update, via Sky News - citing Cabinet sources, the UK PM Theresa May is set to reveal her Brexit Plan B in the House of Commons at 1530 GMT and is expected to propose ditching the controversial Irish backstop in a bid to win over the ...
FX Street   |   Mon, 21 Jan 2019 11:11:41

Chinese Data and UK Brexit Start New Week

Overview: Mixed data from China and the anticipation of Prime Minister May's "Plan B" are the main talking points, while US stock and bond markets are closed today. Asia Pacific equities were higher, while European markets have failed to follow suit. Benchmark 10-year bond yields are mostly softer, with the ...
Marc Chandler / Marc to Market   |   Mon, 21 Jan 2019 11:07:55

Brexit News Archive: 21 Jan 2019     |     enquire