Brexit News Archive: 23 Jan 2019

BOE's Haldane: Expect some further limited and gradual rises, if economy continues to tick along

In an interview with the Daily Mail, the Bank of England (BOE) Chief Economist Andy Haldane spoke about the Brexit deal and the central bank's rate hike plans. Haldane noted: "If the economy continues to tick along, as we expect, then we might expect some further limited and gradual rises." ...
FX Street   |   Wed, 23 Jan 2019 22:25:04

19 Remain ministers dubbed 'hairshirt', met in secret in bid to stop no-deal Brexit - Daily Telegraph

The UK's Daily Telegraph carried a story late-Wednesday, citing how early 20 ministers have been secretly meeting in Parliament to discuss plans to stop a no-deal Brexit. Additional Details: "The group of ministers, which includes five members of the Cabinet, has held discussions on the best way to avoid the ...
FX Street   |   Wed, 23 Jan 2019 22:07:59

Twenty ministers discussing plans to stop no-deal Brexit - Telegraph

Twenty ministers have been meeting secretly to discuss plans to stop a no-deal Brexit, the Daily Telegraph newspaper reported on Wednesday.
Reuters   |   Wed, 23 Jan 2019 21:59:44

Businesses sound alarm as U.K. says prepare for no-deal Brexit; Sony shifts HQ to Amsterdam

Businesses in Britain and the European Union need to prepare for the possibility the U.K. will leave the bloc in March without an exit deal, ...
No Author / Japan Times   |   Wed, 23 Jan 2019 21:46:30

'No-deal' Brexit may lead to 'lockdowns', Kent schools told

Schools in Kent have been advised to consider planning for and in case of disruption following a "no-deal" Brexit.
Sky   |   Wed, 23 Jan 2019 21:33:00

US intelligence official says Brexit will not harm info-sharing relationship with Britain

Ben Riley-Smith / Telegraph   |   Wed, 23 Jan 2019 21:30:00

DHL could profit from no-deal Brexit, says boss

The boss of the world's largest logistics firm says it might benefit from a 'complex' Brexit.
BBC   |   Wed, 23 Jan 2019 21:08:41

Brexit: Pizzeria offers discount to customers who write to their MP demanding second referendum

'I buy a lot of cheese from Italy that can't stay in a lorry park in Calais'
Staff and agencies / The Independent   |   Wed, 23 Jan 2019 21:04:53

Dyson's move is pragmatism not Brexit 'pluto-populism'

Twitterati's condemnation of Pro-Brexit billionaire was swift but misguided
FT   |   Wed, 23 Jan 2019 20:40:17

Hard border in Ireland if no Brexit deal: EU spokesman

EU commission spokesman Margaritis Schinas said he had heard nothing new since British Prime Minister Theresa May's laid out a tweaked divorce plan on Monday. "If you'd like me to push me and speculate on what might happen in a no-deal scenario in Ireland, I think it is pretty obvious: ...
sellputs / Hedge Accordingly   |   Wed, 23 Jan 2019 20:37:38

Rees-Mogg says reformed Brexit deal could win over critics

The leading Brexiteer says changes could win round opponents but he will not vote for a
BBC   |   Wed, 23 Jan 2019 20:36:32

'Real spillovers': UBS boss tells Davos no-deal Brexit would do global harm

U.K.'s exit from the EU may hit the rest of the world if no compromise is found, Axel Weber warns
The Telegraph / Financial Post   |   Wed, 23 Jan 2019 20:16:53

FTSE fell almost 1% to close at 6,842.88 on sterling's strength

Ironically, optimism over Brexit continues to weigh on the FTSE due to its large exposure to FX and sterling keeps rising. The top flight index in the UK fell almost 1% to close at 6,842.88 (-0.85%). However, ongoing concerns over the Sino/US trade tensions is also impacting multinationals, particularly in ...
FX Street   |   Wed, 23 Jan 2019 20:11:50

Britain's Brexit Crack-Up

Maria Margaronis Why has the Labour Party listened so late and so half-heartedly to the majority of its members who support the call for a People's Vote? The post Britain's Brexit Crack-Up appeared first on The Nation .
Maria Margaronis / The Nation   |   Wed, 23 Jan 2019 20:00:15

Former Brexit secretary David Davis to earn £3,000 an hour as adviser to major Tory donor JCB

Critics said it was 'disgusting' Mr Davis had been offered the role having 'failed to properly plan for Brexit and storming out of the cabinet'
Lizzy Buchan / The Independent   |   Wed, 23 Jan 2019 19:32:29

David Davis Reveals £3,000-An-Hour Job With Firm Led By No-Deal Brexit Champion

Rachel Wearmouth / Huffington Post   |   Wed, 23 Jan 2019 19:12:05

DHL boss: 'We might benefit in the short term but Brexit not a good idea'

The CEO of Deutsche Post DHL tells the BBC a no-deal Brexit is not a good idea in the long term, even if his company benefits in the short term.
BBC   |   Wed, 23 Jan 2019 19:05:03

Dutch hospitals warn on medical supplies if there's a no-deal Brexit

EU certification granted in the U.K. to medical supplies made in other countries could become invalid in the event of a no-deal Brexit, Dutch hospitals group warns.
Galaxy Henry / Politico   |   Wed, 23 Jan 2019 19:00:30

No-deal Brexit 'poses threat to global stability' - CBI head

Carolyn Fairbairn warns bosses at Davos that damage caused by disorderly exit could spread far beyond the UK Fears are growing internationally that a no-deal Brexit poses a threat to the stability of the global economy, the head of Britain's leading business body has warned. Carolyn Fairbairn, director-general of the ...
Larry Elliott and Graeme Wearden in Davos / Guardian   |   Wed, 23 Jan 2019 18:50:56

Brexit Goes Pop: EU Official Channels Spice Girls

Lauren Gosling-Powell / Huffington Post   |   Wed, 23 Jan 2019 18:50:03

Businesses Leave The UK Due To Brexit Uncertainty

Lisa Golden / Huffington Post   |   Wed, 23 Jan 2019 18:04:39

Odds drop on Michel Barnier becoming Commission president

Brexit negotiator now tied in third place in the betting.
Eline Schaart / Politico   |   Wed, 23 Jan 2019 17:52:34

Exclusive: MPs Plot Three-Month Brexit Delay In Bid To Break Commons Deadlock

Paul Waugh / Huffington Post   |   Wed, 23 Jan 2019 17:52:12

Your Guide to Brexit as the March Deadline Looms: QuickTake

Just as the Brexit saga was about to come to an end, it got more dramatic and a lot more confusing. An already uncertain process was thrown into disarray when the U.K. Parliament rejected, by a historic 230-vote margin, the divorce deal that Prime Minister Theresa May had spent 18 ...
Washington Post   |   Wed, 23 Jan 2019 17:45:56

EUR/GBP: If the ECB does not give markets some excitement, Her Majesty, The Queen of England might

EUR/GBP has been bleeding due to Brexit optimism, although stealing remains in no man's land. Market regards sterling as undervalued, 15% upside to go vs the greenback. EUR/GBP near term risk lies with ECB and 29th Jan UK Parliament time lone event. EUR/GBP has extended the early Dec 2018 bearish ...
FX Street   |   Wed, 23 Jan 2019 17:45:19

UK lawmaker Rees-Mogg: Government should suspend Parliament if necessary to avoid no-deal being blocked

While speaking at a think-tank event earlier in the day, British lawmaker Jacob Rees-Mogg argued that the government should suspend the Parliament if necessary to avoid a no-deal being blocked. Key quotes There are people who are trying very hard to stop Brexit. It would be constitutional outrage if Brexit ...
FX Street   |   Wed, 23 Jan 2019 17:42:53

A time-limited Brexit backstop would be useless: EU's Barnier

A temporary safeguard to avoid erecting a physical border between Ireland and Northern Ireland after Brexit would serve no purpose, the EU's chief negotiator Michel Barnier said on Wednesday. In an interview to newspapers Le Monde, Rzeczpospolita and Luxemburger Wort, Barnier said the current backstop proposal over the border was ...
sellputs / Hedge Accordingly   |   Wed, 23 Jan 2019 17:37:49

Britain Is Stumbling Toward the Worst Possible Brexit

Rachel Shabi A no-deal exit is what civil servants now consider most likely-and it is one that sections of the British public, in full kamikaze mode, are clamoring for. The post Britain Is Stumbling Toward the Worst Possible Brexit appeared first on The Nation .
Rachel Shabi / The Nation   |   Wed, 23 Jan 2019 17:21:16

Take back control now means Jacob Rees-Mogg telling the Queen to shut down parliament

Yesterday, Brexiteers were asking Poland to overrule the House of Commons. Today, it's only the Queen. That's progress of sorts
Tom Peck / The Independent   |   Wed, 23 Jan 2019 17:08:00

Companies are fleeing the UK as Brexit looms - and their actions paint a grim picture for the nation

A rising number of companies are moving their headquarters out of the UK and into other geographies worldwide. Firms are bracing for a "no-deal" scenario, which could lead to even more corporations changing addresses. Companies around the world are changing their tunes and addresses - uprooting supply chains and moving ...
Courtenay Brown, Axios / Money Game   |   Wed, 23 Jan 2019 17:07:13

Sony to shift UK HQ to avoid Brexit disruption

Taipei Times   |   Wed, 23 Jan 2019 17:04:41

Tories Divided On Whether Theresa May's Brexit Deal Can Pass If She Gets EU Concessions

Arj Singh / Huffington Post   |   Wed, 23 Jan 2019 16:58:41

Barnier to UK MPs: Agree alternative to stop no deal

EU negotiator Michel Barnier warned British lawmakers on Wednesday that their disparate efforts to amend, delay or thwart Brexit will see Britain crash out of the EU in March if they cannot rally behind one alternative.
Reuters   |   Wed, 23 Jan 2019 16:49:40

Dyson, whose founder is a vocal Brexit supporter, is moving its head office out of Britain to Singapore

A company spokeswoman said the move was not a response to Britain's plan to leave the EU, but people on Twitter still call the move hypocritical
The New York Times / Financial Post   |   Wed, 23 Jan 2019 16:43:10

No deal or no Brexit will be choice for parliament if can't agree way forward - Stephen Barclay

Brexit minister Stephen Barclay said on Wednesday that if parliament cannot support an exit agreement with the European Union it will face a choice between a no-deal Brexit and cancelling Britain's decision to leave the bloc.
Reuters   |   Wed, 23 Jan 2019 16:39:39

Brussels prepares for Brexit fish clash with the UK

Commission acknowledges that members may need to seek country-by-country deals
FT   |   Wed, 23 Jan 2019 16:29:51

GBP/USD: Shoots up to test 200-D SMA; markets betting on a return to fair value and BoE rate hikes no matter what

GBP/USD makes an impressive extension to the upside, targetting a break on to the 1.31 handle having already pierced the 200-D SMA located at 1.3070 having scored a high of 1.3081. GBP/USD has rallied from a low of 1.2942 on fresh optimism over soft Brexit prospects as we get down ...
FX Street   |   Wed, 23 Jan 2019 16:29:31

If parliament cannot resolve Brexit, a new referendum is needed

MPs should extend Article 50 and test support for other exit options
FT   |   Wed, 23 Jan 2019 16:21:11

UK PM May's spokesman says unaware of any discussions about suspending parliament

British Prime Minister Theresa May's spokesman said on Wednesday he was not aware of any discussions about suspending parliament after the idea was suggested by a prominent eurosceptic politician should lawmakers try to block Brexit.
Reuters   |   Wed, 23 Jan 2019 16:14:27

May's spokesman says unaware of any discussions about suspending parliament

British Prime Minister Theresa May's spokesman said on Wednesday he was not aware of any discussions about suspending parliament after the idea was suggested by a prominent eurosceptic politician should MPs try to block Brexit.
Reuters   |   Wed, 23 Jan 2019 16:14:21

EU's Moscovici: Could be 'fully legitimate' to have 2nd Brexit vote

The European Economic Commissioner Pierre Moscovici recently crossed the wires saying that it could be 'fully legitimate' to have a second Brexit vote in the UK. "The length to any extension to Brexit will be key," Moscovicci added. Source: Reuters.
FX Street   |   Wed, 23 Jan 2019 16:06:15

Remaining in the EU is Least Acceptable Outcome to Voters

Interesting polling by Number Cruncher Politics which asked voters to choose their least acceptable Brexit outcomes rather than just their favourites. The study reveals that remaining in the EU is the least acceptable Brexit outcome to the British electorate, ahead of both No Deal (unacceptable to only 39%), and May's ...
Tom Harwood / Guy Fawkes' blog   |   Wed, 23 Jan 2019 16:02:19

Doctor MPs Demanding People's Vote Hold Back Key Brexit Amendment

Rachel Wearmouth / Huffington Post   |   Wed, 23 Jan 2019 16:01:56

UK services exports to EU soar in the run-up to Brexit

Britain becoming even more reliant on bloc as departure approaches
FT   |   Wed, 23 Jan 2019 15:37:04

Brexit: Dutch government says over 250 companies in talks about relocating to Netherlands

Sony and Panasonic are among household names to be lured away with promise of access to EU markets
Jon Stone / The Independent   |   Wed, 23 Jan 2019 15:35:00

British pound hits two-month high against euro and US dollar amid Brexit uncertainty

The British pound was Wednesday morning trading above $1.30 (€1.14), in a move that many currency analysts were linking to the possibility of the Brexit date being delayed becoming more likely.
euronews   |   Wed, 23 Jan 2019 15:27:18

US stocks rally despite global growth worries

Sterling reclaims $1.30 on hopes that chances of a no-deal Brexit are receding
FT   |   Wed, 23 Jan 2019 15:22:02

Rees-Mogg signals he could back May's Brexit deal if backstop is removed

FT   |   Wed, 23 Jan 2019 15:16:18

... but it's not just Brexit that feeds the UK's far right

The deep social and political divisions exposed by the UK's Brexit vote present both an opportunity for the British far right -- as well as being a challenge to it.
CNN   |   Wed, 23 Jan 2019 15:08:08

Brexit & Beyond: Brexit Delays Entice Sterling Investors

To subscribe to the newsletter, please sign up here MUST READS Brexit Delays Entice Sterling Investors to Rejoin the Market: The British pound has become more appealing to some investors as they bet that the probability of extending the Brexit negotiating period, or a second referendum on the U.K.'s divorce ...
WSJ Staff / MoneyBeat   |   Wed, 23 Jan 2019 15:07:52

Sterling hits 2-month high as Labour signals Brexit delay support

Sterling rose above $1.3 after Labour Party said it would support attempts to prevent a disorderly no-deal Brexit.
Al Jazeera   |   Wed, 23 Jan 2019 14:58:01

Polish-born MP accused of 'reckless' attempt to block Brexit delay

A Conservative MP has been accused of "colluding with a foreign government to overturn the will of the British parliament".
Sky   |   Wed, 23 Jan 2019 14:54:00

Brexit: Jacob Rees-Mogg urges Theresa May to suspend parliament if MPs back plans to block no-deal exit

Leading Brexiter dismisses speculation that he was softening towards the prime minister's deal
Lizzy Buchan / The Independent   |   Wed, 23 Jan 2019 14:49:00

EU's Barnier says no-deal Brexit is default scenario

European Union's Brexit negotiator Michel Barnier said on Wednesday that no-deal Brexit was the default scenario and the fact that majority of the House of Commons was against it would not prevent it from happening.
Reuters   |   Wed, 23 Jan 2019 14:43:22

Luongo: May's Brexit 'Plan B' Is To Call Remainers' Bluff

Authored by Tom Luongo via The Strategic Culture Foundation, Earlier this week I did something I never thought I'd ever do. I watched over two hours of British Parliament. This was the session wherein Prime Minister Theresa May outlined her so-called Plan B deal for Brexit. Needless to say, it ...
sellputs / Hedge Accordingly   |   Wed, 23 Jan 2019 14:38:31

EU's Barnier warns no-deal Brexit can still happen

FT   |   Wed, 23 Jan 2019 14:36:26

Eurosceptic Rees-Mogg hopeful of changes to May's Brexit deal

British Prime Minister Theresa May's Brexit deal could be reformed to make it acceptable to pro-Brexit MPs in her party who object to proposals on the Irish border, prominent "Leave" lawmaker Jacob Rees-Mogg said on Wednesday.
Reuters   |   Wed, 23 Jan 2019 14:26:48

Rees-Mogg Hints at Brexit Compromise if Backstop Goes

Jacob Rees-Mogg has dropped some strong hints that he may be prepared to soften his stance on Theresa May's Brexit deal if the backstop is taken out. The ERG Chairman told a packed Bruges Group event that "as long as the backstop is there, I will not vote for the ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 23 Jan 2019 14:24:20

EU's Barnier: EU ready to discuss "more ambitious trade relationship" if UK red lines change

Adding to his earlier comments, the EU's Chief Brexit Negotiator, Michel Barnier, said that the WU was ready immediately to discuss a more ambitious trade relationship if the UK were to change its red lines in the coming weeks. Source: Reuters.
FX Street   |   Wed, 23 Jan 2019 14:15:38

Up to Britain to define post-Brexit ties with EU - Merkel

Germany and its European Union partners have an interest in a close relationship with Britain after it leaves the bloc, Chancellor Angela Merkel said on Wednesday, adding that it was now up to London to decide what it wants.
Reuters   |   Wed, 23 Jan 2019 14:07:58

U.K. top counterterrorism cop warns of 'no-deal' Brexit risks

Britain's senior counterterrorism police officer warned Wednesday of the dangers of leaving the European Union without a withdrawal deal in place, saying a "no-deal" Brexit ...
No Author / Japan Times   |   Wed, 23 Jan 2019 14:00:30

Corbyn: Theresa May is 'clearly not listening' on Brexit

Jeremy Corbyn has said Theresa May is "clearly not listening" when it comes to Brexit, as the prime minister claimed the Labour leader "hasn't got a clue" as to how he would handle the UK's departure from the European Union.
Sky   |   Wed, 23 Jan 2019 13:54:00

EU's Barnier: Preparing for no-deal Brexit is more important than ever

European Union's chief Brexit negotiator Michel Barnier was out with some comments in the last hour and said that preparing for a no-deal Brexit is more important than ever. Barnier still hopes to avoid a no-deal but said that stopping a no-deal Brexit needs majority for another solution.
FX Street   |   Wed, 23 Jan 2019 13:50:56

Why the Cooper amendment matters

Labour backbencher's proposal could make no-deal Brexit almost impossible
FT   |   Wed, 23 Jan 2019 13:44:20

EU readies support for fishermen if hit by no-deal Brexit

The EU's executive proposed contingency plans on Wednesday for fishing in the event of a no-deal Brexit, suggesting EU fishermen could be compensated if barred from Britain, and British boats could fish in EU waters for the rest of this year.
Reuters   |   Wed, 23 Jan 2019 13:44:00

Irish government under pressure at home over no-deal Brexit border plans

Ireland's government came under further pressure on Wednesday to explain how its border with British-run Northern Ireland would be managed if Britain leaves the European Union without a withdrawal agreement in March.
Reuters   |   Wed, 23 Jan 2019 13:43:23

Article 50 extension not a Brexit solution, May tells MPs

Prime minister warns moves to prevent no-deal Brexit 'will not solve the issue'
FT   |   Wed, 23 Jan 2019 13:29:22

EU customs union after Brexit incompatible with trade aims - May's spokesman

Britain would not be able to have an independent trade policy if it remained in a customs union with the European Union after it leaves the bloc, Prime Minister Theresa May's political spokesman said on Wednesday.
Reuters   |   Wed, 23 Jan 2019 13:27:56

Wealthy Brexiteers like James Dyson are jumping ship. Why might that be? | Jonathan Freedland

The leave elite - Dyson, Jacob Rees-Mogg, Nigel Lawson - appear to want Brexit for everyone else but themselves Let's give James Dyson the benefit of the doubt. Let's take at face value the assurances issued by his multibillion pound company - whose products involve the generation of hot air ...
Jonathan Freedland / Guardian   |   Wed, 23 Jan 2019 13:11:31

UK PM May spokesman: Our objective to have an independent trade policy post-Brexit

A spokesman for British Prime Minister Theresa May recently crossed the wires reiterating that their objective was to have an independent trade policy post-Brexit and added that this goal was not compatible with staying in a customs union with the European Union. "It is wrong to suggest the PM is ...
FX Street   |   Wed, 23 Jan 2019 13:07:11

Brexit: why a citizens' assembly is a terrible idea

In Australia just over eight years ago, the new prime minister Julia Gillard faced intense political factionalism and entrenched public polarisation in her dilemma over federal climate change policy. A bright spark in her advisory group came up with a novel way to bridge this impasse - convene a citizens' ...
John Boswell, Associate Professor in Political Science, University of Southampton / The Conversation   |   Wed, 23 Jan 2019 12:49:19

Brexit 'Whistleblowers' Legal Challenge Thrown Out, Forced to Pay Government's Costs

The Remoaners at the 'Fair Vote Project' have suffered a humiliating legal defeat in the High Court in their attempts to force the Government to hold a "Mueller-style inquiry" into the EU referendum. The 'Fair Vote Project' was essentially set up as a front group for the so-called Brexit whistleblowers ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 23 Jan 2019 12:47:56

Merkel, Barnier to discuss Brexit deadlock

Chancellor Angela Merkel will hold talks with the EU's Michel Barnier in Berlin on Thursday, a German government spokeswoman said, adding that a postponement of Brexit could be discussed only if Britain wanted to delay its exit from the bloc.
Reuters   |   Wed, 23 Jan 2019 12:30:06

UK PM May: attempts to delay Brexit do not solve the issue

British Prime Minister Theresa May said attempts by some lawmakers to use parliamentary procedure to delay Brexit did not address the underlying decision about how Britain should leave the European Union.
Reuters   |   Wed, 23 Jan 2019 12:27:54

Brexit deal: EU will never accept Theresa May's 'plan-B', Michel Barnier says

Chief negotiator also ruled out 'managed no-deal' and calls for revisiting of future relationship
Jon Stone / The Independent   |   Wed, 23 Jan 2019 12:27:00

Michel Barnier: Brexit extension would require 'stable majority in London'

EU negotiator says Irish border issue is a 'pan-European issue.'
Paul Dallison / Politico   |   Wed, 23 Jan 2019 12:26:52

May - attempts to delay Brexit do not solve the issue

British Prime Minister Theresa May said attempts by some MPs to use parliamentary procedure to delay Brexit did not address the underlying decision about how Britain should leave the European Union.
Reuters   |   Wed, 23 Jan 2019 12:25:43

GBP/JPY shoots higher to fresh 2019 tops near 143.00

The better tone around GBP pushed the cross further north. The cross clinches new yearly peaks just below the 143.00 mark. GBP momentum bolstered by Brexit optimism. Rising buying pressure around the British Pound is now prompting GBP/JPY to print fresh 2019 highs in the proximity of 143.00 the figure. ...
FX Street   |   Wed, 23 Jan 2019 12:14:26

Backstop is a red line that can't be negotiated with UK government: Timmermans

The EU cannot renegotiate the backstop agreement in the Brexit deal with the U.K. government, Commission First Vice President Frans Timmermans said at an event in Krakow, Poland.
Reuters   |   Wed, 23 Jan 2019 12:14:07

Pound rallies above $1.30 on Brexit delay push

Sterling hits highest level since November as Labour signals support for moves to block no-deal EU exit
FT   |   Wed, 23 Jan 2019 12:07:16

Malta to offer UK citizens 10-year residency after Brexit

FT   |   Wed, 23 Jan 2019 12:07:09

An African Opportunity for Post-Brexit Britain

Managing the Fourth Industrial Revolution will be challenging for everyone, but there is no doubt that a UK set to depart from the EU faces added uncertainty. As a post-Brexit Britain finds its place in the world, it would be well advised not to overlook Africa.
Zuneid Yousuf / Project Syndicate   |   Wed, 23 Jan 2019 12:03:29

GBP/USD Technical Analysis: Surges through 4-month old descending trend-line, climbs further beyond 1.30 mark

• The pair continued gaining strong positive traction on Wednesday and surged through the key 1.30 psychological mark to return back to its highs from mid-November. • The momentum lifted the pair beyond a four-month-old descending trend-line hurdle, confirming a near-term bullish breakout amid diminishing chances of a no-deal Brexit. ...
FX Street   |   Wed, 23 Jan 2019 12:00:55

Why Brexit may be the least of the EU's worries

"The centre cannot hold", a line from the W.B. Yeats poem, The Second Coming, has become a classic op-ed aphorism in an epoch of ascending demagogy. To extend it beyond domestic politics, the line could be used on the European Union. Indeed, in 2019, the EU may not hold. Possible ...
Vasilis Trigkas / South China Morning Post   |   Wed, 23 Jan 2019 12:00:45

Momentum gathers behind British lawmakers' bid to stop no-deal Brexit

An attempt by British lawmakers to prevent a no-deal Brexit was gaining momentum on Wednesday after the opposition Labour Party said it was highly likely to throw its parliamentary weight behind the bid.
Reuters   |   Wed, 23 Jan 2019 11:55:25

EU will do all it can to avoid hard Irish border after Brexit: Commission

The European Union's executive said on Wednesday the bloc would do its utmost to avoid extensive border controls between EU member state Ireland and Britain's province of Northern Ireland regardless of how Brexit goes, a spokesman said.
Reuters   |   Wed, 23 Jan 2019 11:54:56

Condorcet's Brexit trainwreck

Brexit as a Condorcet paradox.
James Wimberley / The Reality-Based Community   |   Wed, 23 Jan 2019 11:51:41

Brexit: A guide to MPs' Brexit amendments

How MPs hope to change the Brexit process when Theresa May brings the issue back to the Commons.
BBC   |   Wed, 23 Jan 2019 11:47:46

Watchdog fears rise in abuse of workers after Brexit

London singled out as area of concern by authority that fights modern slavery
FT   |   Wed, 23 Jan 2019 11:47:27

Momentum gathers behind British MPs' bid to stop no-deal Brexit

An attempt by British lawmakers to prevent a no-deal Brexit was gaining momentum on Wednesday after the opposition Labour Party said it was highly likely to throw its parliamentary weight behind the bid.
Reuters   |   Wed, 23 Jan 2019 11:41:54

Are MPs close to ruling out a No Deal Brexit?

Two groups of cross-party MPs have tabled legislation aimed at preventing a No Deal Brexit - but can they actually achieve this goal? Open Europe's Anthony Egan and Dominic Walsh take a look. The post Are MPs close to ruling out a No Deal Brexit? appeared first on Open Europe ...
Anthony Egan / Open Europe   |   Wed, 23 Jan 2019 11:38:17

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

British Prime Minister Theresa May is seeking to break the parliamentary deadlock over Brexit by proposing to seek further concessions from the European Union on a plan to prevent customs checks on the Irish border.
Reuters   |   Wed, 23 Jan 2019 11:38:03

EU readies support for fishermen in case of no-deal Brexit

The European Union's executive on Wednesday proposed two laws to support fishermen hit by a no-deal Brexit, an example of how the bloc is stepping up contingency plans as March 29 nears and Britain is undecided about how to move forward.
Reuters   |   Wed, 23 Jan 2019 11:37:23

Citigroup's Brexit Warning for London

Behind the Davos platitudes, Michael Corbat makes a veiled threat about Brexit's impact on London's position as a financial center.
Washington Post   |   Wed, 23 Jan 2019 11:31:58

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

British Prime Minister Theresa May is seeking to break the parliamentary deadlock over Brexit by proposing to seek further concessions from the European Union on a plan to prevent customs checks on the Irish border.
Reuters   |   Wed, 23 Jan 2019 11:30:34

Sony Europe moves legal base out of UK because of Brexit

Britain's dithering over Brexit has gone on too long for Sony.
CNN   |   Wed, 23 Jan 2019 11:27:21

Labour party said to back an amendment to stop no-deal Brexit

According to the latest headlines floating on the wires, the UK Labour party is said to be highly likely to back a proposal put forth by one of its members that would force the government to rule out a no-deal Brexit. Labour MP Yvette Cooper put forth an amendment that ...
FX Street   |   Wed, 23 Jan 2019 11:21:06

Why The UK Must Not Sacrifice Free Speech In The Pursuit Of Free Trade

Stephen Fleming / Huffington Post   |   Wed, 23 Jan 2019 11:16:30

Pizza a la Brexit - with extra referendum

Like many small-scale entrepreneurs in Britain, Oliver Kenny, says disarray over Brexit has left his business in limbo - but he's hoping customers at his London pizzeria can help sort out the mess in exchange for discounted dinners.
Reuters   |   Wed, 23 Jan 2019 11:12:49

EUR/GBP plummets to over 2-month lows, farther below mid-0.8700s

• Brexit optimism continues to underpin the British Pound and exert downward pressure. • News that the Labors will back Cooper amendment reduces chances of a no-deal Brexit. After an initial uptick to an intraday high level of 0.8782, the EUR/GBP cross met with some fresh supply and dropped to ...
FX Street   |   Wed, 23 Jan 2019 11:11:31

GBP/USD trades near 2019 highs around 1.3000 on Brexit rumours

The bid tone remains well and sound around the Sterling. Cable extends the up move beyond 1.30 the figure. Brexit rumours behind the fresh test of 1.30 and beyond. The upbeat tone around the British Pound remains well and sound so far this week and is now pushing GBP/USD to ...
FX Street   |   Wed, 23 Jan 2019 11:09:11