Brexit News Archive: 30 Jan 2019

Peak Davos & The Brexit Iceberg Dead Ahead

Authored by Tom Luongo, This is the attitude of those opposed to it. Any real separation of the U.K. from the European Union would result in a catastrophe which knows no bounds. They have ratcheted up Project Fear to the point now of saying there will be food shortages and ...
Tyler Durden / Zero Hedge   |   Wed, 30 Jan 2019 22:45:00

EU negotiator, Council chief tell May: No renegotiation

The EU's chief Brexit negotiator told Britain on Wednesday that time was too short to find an alternative to the Irish border arrangement agreed in their divorce deal, as London wants, and that this deal was not open for renegotiation.
Reuters   |   Wed, 30 Jan 2019 22:18:40

'Lambaggedon'?: U.K. ranchers worry they may have to sell the farm if no-deal Brexit ends free trade

Wyn Evans' family has owned this 200-acre plot in western Wales for generations, a bucolic expanse where 370 sheep and 80 cows feast on the verdant grasses of undulating hillsides. Evans, 55, wants his son to take over the farm that's been in the family for 500 years. But he's ...
Associated Press / LA Times   |   Wed, 30 Jan 2019 22:15:00

Macro Morning

By Chris Becker A newly dovish Fed is goosing risk markets and sending the USD into a tailspin overnight, with the latest FOMC Meeting resulting in a hold on any further rate rises. The Brexit shenanigans continued but had no material impact on Pound while other undollar currencies like gold ...
Chris Becker / MacroBusiness   |   Wed, 30 Jan 2019 21:30:21

Tusk phone call to Theresa May: It's your move on Brexit

'We can't have another round where we guess what might work,' European Council president tells May.
David M. Herszenhorn / Politico   |   Wed, 30 Jan 2019 21:23:35

EU rejects Theresa May's plans to change Brexit deal

European leaders stand behind agreement as UK's PM seeks to tweak the withdrawal text.
Al Jazeera   |   Wed, 30 Jan 2019 21:20:38

Fed chair issues Brexit warning

Powell says hard Brexit would have impact on the US economy
FT   |   Wed, 30 Jan 2019 21:17:37

UK finance industry to shrug off Brexit and grow - Hammond

Finance minister Philip Hammond said on Wednesday that Britain was well positioned to expand financial services exports to some of the world's fastest growing economies as it prepares to leave the European Union.
Reuters   |   Wed, 30 Jan 2019 21:03:29

Stocks surge as Fed leaves US interest rates on hold and promises 'patience' - live

Rolling coverage of the latest economic and financial news, as America's central bank leaves interest rates on hold and strikes a dovish tone Latest: Fed leaves rates on hold What's changed Earlier: UK credit growth hits four-year low Introduction: French growth rose 0.3% in last quarter 8.32pm GMT Nothing in ...
Graeme Wearden / Guardian   |   Wed, 30 Jan 2019 20:32:06

Jerome Powell speech: Hard Brexit would have an impact on US

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is now responding to questions from the press, with key quotes found below. Corporate debt is more of a macroeconomic risk rather than financial stability risk. We've been monitoring Brexit situation for a long time. Making sure ...
FX Street   |   Wed, 30 Jan 2019 20:16:05

EU negotiator and Council chief tell Britain's May: No to renegotiation

The EU's chief Brexit negotiator told Britain on Wednesday that time was too short to find an alternative to the Irish border arrangement agreed in their divorce deal, as London wants, and that this deal was not open for renegotiation.
Reuters   |   Wed, 30 Jan 2019 20:09:20

Sunderland voters do not expect govt to strike Brexit deal

Voters in the Leave-supporting city of Sunderland have told a Sky News debate they have little faith in the government to strike a Brexit deal with the EU.
Sky   |   Wed, 30 Jan 2019 20:06:00

EU leaders refuse Brexit plan changes, hitting Theresa May's hopes for a Parliament-friendly deal hard

Leaders across the European Union offered a united chorus of "No" on Wednesday to Britain's belated bid to negotiate changes to the Brexit divorce deal in order to win Prime Minister Theresa May the backing of her Parliament. In London, May acknowledged that her government has not decided exactly how ...
Associated Press / South China Morning Post   |   Wed, 30 Jan 2019 20:04:56

So just when, exactly, will the City press the no-deal panic button? | Nils Pratley

Given the ever-ticking Brexit clock, the air of complacency in the markets is extraordinary At what point do financial markets start to panic about the risk of a no-deal Brexit? In theory, you'd think it would be about now. We have, after all, just witnessed the strange spectacle of the ...
Nils Pratley / Guardian   |   Wed, 30 Jan 2019 20:00:15

Post-Brexit salary caps for EU workers will be 'detrimental' to science, minister warns

Concerns that threshold of £30,000 will leave UK short of key workers in scientific professions
Josh Gabbatiss / The Independent   |   Wed, 30 Jan 2019 19:27:11

What is Theresa May's next Brexit move?

UK Prime Minister has received the backing of MPs to renegotiate her Brexit deal with the EU.
Al Jazeera   |   Wed, 30 Jan 2019 19:26:50

Dismayed EU says UK parliament's Brexit votes change nothing

Brussels insists Brexit Withdrawal Agreement and backstop not open for renegotiation.
David M. Herszenhorn, Maïa de La Baume / Politico   |   Wed, 30 Jan 2019 19:25:11

May's pyrrhic victory will not resolve Brexit

Further negotiations may yield tweaks; major changes are unlikely
FT   |   Wed, 30 Jan 2019 19:16:23

Labour MPs angry Brexit rebels face no action

No sanction for eight shadow ministers who voted against motion to prevent no-deal
FT   |   Wed, 30 Jan 2019 19:15:44

Brexit withdrawal deal not open for renegotiation: EU's Tusk

The European Union is sticking to the Brexit withdrawal agreement, European Council President Donald Tusk tweeted on Wednesday, in what he said was a message to British Prime Minister Theresa May.
Reuters   |   Wed, 30 Jan 2019 19:14:46

Why Brexit Will Damage Europe

The European Union will not shatter in the wake of Brexit, and it will also overcome the economic fallout from the UK's departure. But Brexit will damage Europe's role in the world in a way that Europeans currently seem unable to grasp.
Sigmar Gabriel / Project Syndicate   |   Wed, 30 Jan 2019 19:14:27

Brexit Blind Dates: When Theresa met Jeremy

Did Theresa, 62, prime minister hit it off with Jeremy, 69, leader of the opposition?
Tom Peck / The Independent   |   Wed, 30 Jan 2019 18:57:00

Irish PM Varadkar rejects May plans to change backstop

Ireland's Prime Minister Leo Varadkar told British Prime Minister Theresa May he would not accept her plans to renegotiate a post-Brexit arrangement for the Irish border and said the so-called Irish needed to be legally robust.
Reuters   |   Wed, 30 Jan 2019 18:48:57

What could happen next?

Theresa May still needs to get her Brexit deal through Parliament. What might the next move be?
BBC   |   Wed, 30 Jan 2019 18:15:45

Brexit: Tory truce crumbles as Theresa May accused of 'stupid mistake' in EU talks by leading eurosceptic

The comments from Steve Baker MP marked the end of a Conservative truce that helped Ms May win a commons vote on Tuesday
Joe Watts / The Independent   |   Wed, 30 Jan 2019 18:15:00

EUR/GBP: Directly offered below the 200-day ma at 0.8864

EUR/GBP's rally is stablising following yesterday's rally on the back of negative prospects for the outcome of Brexit negotiations. EUR/GBP is currently trading at 0.8744, trading in a narrow range of between 0.8759 and 0.8714. EUR/GBP is a complex pair at the moment from a fundamental stapoint. One on hand ...
FX Street   |   Wed, 30 Jan 2019 17:59:41

Barclays to move €190bn of assets to Ireland ahead of Brexit

High Court approves 'huge' transfer to prepare for possibility of UK leaving EU without a deal
FT   |   Wed, 30 Jan 2019 17:52:48

EU's Barnier says time too short for alternatives to Irish backstop

Time is too short to find an alternative arrangement to the Irish backstop and Britain's divorce deal with the European Union will not be re-opened for negotiation, the EU chief Brexit negotiator Michel Barnier said on Wednesday.
Reuters   |   Wed, 30 Jan 2019 17:52:28

Jeremy Corbyn And Theresa May Discuss 'Soft Brexit' EU Customs Union Plan

Paul Waugh / Huffington Post   |   Wed, 30 Jan 2019 17:50:51

Pro-EU Tories plot revenge after May Brexit shift

Eurosceptics celebrate success but Valentine's Day vote could provide moment of truth
FT   |   Wed, 30 Jan 2019 17:50:45

Juncker warns May's shift raises risk of disorderly Brexit

EU chief tells leaders to 'prepare for the worst' as capitals reject UK's renegotiation
FT   |   Wed, 30 Jan 2019 17:47:13

Brexit endgame: Parliament sends contradictory messages as deadline nears

On January 29, two months to the day before the United Kingdom is scheduled to leave the European Union (EU), the British Parliament prepared to take charge of the Brexit process. It considered a series of amendments on alternative approaches to the unpopular deal that Prime Minister Theresa May negotiated ...
Amanda Sloat / Brookings   |   Wed, 30 Jan 2019 17:30:43

Jean-Claude Juncker says Brexit deal 'only one possible'

President of European Commission holds firm on UK-EU withdrawal arrangement
FT   |   Wed, 30 Jan 2019 17:28:40

GBP/USD supported on downside, but how fragile is that structure?

GBP/USD moving back to the downside on realistic prospects of a hard Brexit. GBP is so far buoyed by prospects of an alternative in May's Plan B and hopes that Europe will budge. GBP/USD is currently trading at 1.3064, down from 1.3122, slightly up from 1.3053. Yesterday was a page ...
FX Street   |   Wed, 30 Jan 2019 17:10:06

From a No-Deal Brexit to a No-Brexit Deal

The parliamentary defeat of British Prime Minister Theresa May's Brexit deal means that all options are on the table. By addressing Britain's longstanding concerns over intra-EU migration and its attendant costs, the European Union could both set the stage for a reversal of Brexit and shore up its own long-term ...
Hans-Werner Sinn / Project Syndicate   |   Wed, 30 Jan 2019 17:04:01

No-Deal Brexit: MP Sammy Wilson Says People Should 'Go To The Chippy' If There Are Food Shortages

Rachel Wearmouth / Huffington Post   |   Wed, 30 Jan 2019 16:58:39

Brexit Dysfunction Cannot Be An Alibi For Not Solving Our National Rough Sleeping Crisis

John Healey / Huffington Post   |   Wed, 30 Jan 2019 16:55:12

EU Leaders Agree Theresa May's Brexit Divorce Deal 'Will Not Be Renegotiated'

Britain is slated to exit the EU on March 29
RAF CASERT and JILL LAWLESS / AP / Time   |   Wed, 30 Jan 2019 16:46:50

Factbox - The Brexit compromise that helped send May back to Brussels

British Prime Minister Theresa May has won the backing of parliament to seek changes to her Brexit deal, thanks in large part to a peace accord between both eurosceptic and pro-EU factions within her divided Conservative Party.
Reuters   |   Wed, 30 Jan 2019 16:41:02

Invesco suffers $28bn in outflows in 2018 amid Brexit fears

FT   |   Wed, 30 Jan 2019 16:40:06

Ireland says UK demand for Brexit deal change is 'wishful thinking'

Ireland accused British Prime Minister Theresa May of wishful thinking on Wednesday for seeking to renegotiate a post-Brexit arrangement for the Irish border in an attempt to get backing for Britain's EU divorce deal in parliament.
Reuters   |   Wed, 30 Jan 2019 16:39:08

EU tells Theresa May: We've repeatedly told you we won't renegotiate Brexit deal

Juncker, Barnier and Verhofstadt again say there will be no change on backstop
Jon Stone / The Independent   |   Wed, 30 Jan 2019 16:39:00

Factbox: The Brexit compromise that helped send PM May back to Brussels

British Prime Minister Theresa May has won the backing of parliament to seek changes to her Brexit deal, thanks in large part to a peace accord between both eurosceptic and pro-EU factions within her divided Conservative Party.
Reuters   |   Wed, 30 Jan 2019 16:38:39

Barclays shifts billions of pounds to Dublin because of Brexit

The High Street bank "cannot wait any longer" to shift business to Dublin because of Brexit.
BBC   |   Wed, 30 Jan 2019 16:37:31

Brexit: Labour admits unity 'fraying around the edges' following party split over no-deal plan

14 of Jeremy Corbyn's MPs rebelled in the vote on Yvette Cooper's amendment on Tuesday
Joe Watts / The Independent   |   Wed, 30 Jan 2019 16:36:00

Wizz Air boss blames Brexit as profits nosedive

Jozsef Varadi says low-cost carrier has been hit by uncertainty over EU withdrawal
FT   |   Wed, 30 Jan 2019 16:33:17

German Companies Preempting Brexit With Extra Cost Clauses

With Brexit less than two months away, and no divorce deal in sight, some German companies are taking matters into their own hands to limit any damage to their businesses. The small and mid-sized firms - albeit a small minority - say they can't wait any longer to see what ...
Alfonso Esparza / OANDA   |   Wed, 30 Jan 2019 16:31:30

Brexit: Labour describes Corbyn meeting with May as 'useful'

Theresa May and Jeremy Corbyn agreed to meet again soon after Brexit talks, Labour says.
BBC   |   Wed, 30 Jan 2019 16:29:48

Brexit backstop renegotiation will not be easy - May's spokesman

British Prime Minister Theresa May has been clear that her efforts to renegotiate the Brexit agreement with Brussels would not be easy, her spokesman said on Wednesday.
Reuters   |   Wed, 30 Jan 2019 16:26:20

May and Corbyn had useful Brexit meeting - Labour spokesperson

British Prime Minister Theresa May and opposition Labour Party leader Jeremy Corbyn had a "useful exchange of views" at a meeting on how the country should proceed with leaving the European Union, a Labour spokesperson said on Wednesday.
Reuters   |   Wed, 30 Jan 2019 16:23:11

Is A No-Deal Brexit Becoming More Popular?

Amardeep Bassey / Huffington Post   |   Wed, 30 Jan 2019 16:22:57

British vote raises risk of disorderly Brexit: Juncker

Times of India   |   Wed, 30 Jan 2019 16:22:00

Pound Volatile as May to Renegotiate Brexit

The pound fell sharply on the foreign exchanges after MPs failed to seize control of the Brexit negotiations from Theresa May in order to rule out a no-deal departure from the EU. Sterling dropped by more than a cent against the US dollar to its lowest point of the day ...
Alfonso Esparza / OANDA   |   Wed, 30 Jan 2019 16:20:53

EU Warns No-Deal Brexit More Likely Than Ever After Commons Vote

Ned Simons / Huffington Post   |   Wed, 30 Jan 2019 16:14:42

EU would respond quickly if UK changed mind on post-Brexit future: EU's Barnier

The European Union would be willing to negotiate immediately if Britain changed its mind and opted for a closer relationship with the bloc after Brexit, the EU chief Brexit negotiator Michel Barnier said on Wednesday.
Reuters   |   Wed, 30 Jan 2019 16:14:28

Brexit: All the latest updates

Opposition leader Jeremy Corbyn and Prime Minister Theresa May spar over Brexit in PMQs session.
Al Jazeera   |   Wed, 30 Jan 2019 16:08:18

Brexit: Backstop is 'part and parcel' of the deal, says Michel Barnier

The EU's chief negotiator says the backstop will not be renegotiated, despite the UK's request.
BBC   |   Wed, 30 Jan 2019 16:05:32

GBP/USD- British under pressure as Brexit turmoil continues

GBP/USD has steadied in the Wednesday session, after losing close to 1.0% so far this week. In North American trade, the pair is trading at 1.3072, up 0.04% on the day. In the U.K., the BRC Shop Price Index gained 0.4%, its strongest reading since April 2013. Net Lending to ...
Kenny Fisher / OANDA   |   Wed, 30 Jan 2019 16:04:54

EU's Juncker tells May - Brexit deal won't be renegotiated

European Commission President Jean-Claude Juncker told British Prime Minister Theresa May on Wednesday that the bloc's Brexit divorce deal with London cannot be renegotiated.
Reuters   |   Wed, 30 Jan 2019 15:54:38

Apple relief lifts Wall St ahead of Fed statement

Sterling steady as markets await Brexit developments
FT   |   Wed, 30 Jan 2019 15:54:03

EU's Juncker tells Britain's May: Brexit deal won't be renegotiated

European Commission President Jean-Claude Juncker told British Prime Minister Theresa May on Wednesday that the bloc's Brexit divorce deal with London cannot be renegotiated.
Reuters   |   Wed, 30 Jan 2019 15:37:48

LSE/Brexit: clear and present danger

Purchase of Euroclear stake raises suspicion that it is insurance in case of catastrophe
FT   |   Wed, 30 Jan 2019 15:31:43

Public prefer a deal instead of hard Brexit - Sky Data

Most of the British public would prefer a Brexit deal rather than crashing out of the European Union without one, a Sky Data poll reveals.
Sky   |   Wed, 30 Jan 2019 15:29:00

GBP/USD - Pares gains after Brexit vote (video)

Senior Market Analyst Craig Erlam explains why he thinks tGBPUSDd slipped after the Brexit vote and where the UK goes from here.
Craig Erlam / OANDA   |   Wed, 30 Jan 2019 15:28:41

Brexit: Theresa May's dangerous game of political chicken

Robert Shrimsley says the PM is risking the nation's interests as she seeks to maintain party unity
FT   |   Wed, 30 Jan 2019 15:21:41

Brexit & Beyond: French Economy Slows Sharply, Boding Ill for Eurozone

To subscribe to the newsletter, please sign up here We are ending the Brexit & Beyond newsletter on Jan. 31, and will soon begin sending you our daily What's News newsletter. It features the best of The Wall Street Journal, including Brexit and European news. You can also stay up ...
WSJ Staff / MoneyBeat   |   Wed, 30 Jan 2019 15:14:47

Fcatbox: Brexit - What happens next?

Britain's parliament has demanded that Prime Minister Theresa May renegotiate a Brexit divorce deal that the other members of the European Union say they will not reopen.
Reuters   |   Wed, 30 Jan 2019 14:59:31

Swedish EU minister says Brexit deal non-negotiable

Britain's agreement ON leaving the European Union is non-negotiable, Sweden's EU minister said on Wednesday, underlining the problems UK Prime Minister Theresa May will have extracting concessions from Brussels in the coming weeks.
Reuters   |   Wed, 30 Jan 2019 14:59:03

Theresa May Is No Closer to a Brexit Deal

House of Commons/PA Wire via AP British Prime Minister Theresa May speaks in the House of Commons. Theresa May has hauled up the white flag to the hardline anti-Europeans in her party. She has bought a temporary truce in internal Tory turmoil by giving in to Jacob Rees Mogg, Boris ...
Denis MacShane / American Prospect   |   Wed, 30 Jan 2019 14:57:10

Watch: 'Withdrawal agreement remains best and only deal possible,' says Juncker

European Commission President Jean-Claude Juncker said at a plenary session of the European Parliament on Wednesday that the withdrawal agreement remains "the best and only possible deal" and that "it would not be renegotiated".
euronews   |   Wed, 30 Jan 2019 14:56:48

Stop calling 'no-deal' Brexiteers idiots. They know exactly what they're doing

This is not bungling, or delusion. It's part Great British Asset striptease. And we need to know who's bankrolling it. Jacob Rees Mogg, chairman of the European Research Group. John Stillwell/PA Wire/PA Images Britain has just moved dramatically closer to a no-deal exit from the European Union. If, as expected, ...
Adam Ramsay / Open Democracy   |   Wed, 30 Jan 2019 14:30:59

Cabinet minister Penny Mordaunt under fire after describing UK's foreign aid target as 'unsustainable'

'First Brexit now foreign aid not so slowly the Conservative Party moves to the right'
Ashley Cowburn / The Independent   |   Wed, 30 Jan 2019 14:26:45

May pins hopes on EU leaders' desire for Brexit deal

Prime minister launches fresh diplomatic push in effort to win major concessions
FT   |   Wed, 30 Jan 2019 14:24:40

MPs have united around a fantasy Brexit plan in yet another act of national hubris

EPA/Will Oliver After months of disagreement and a historic defeat in parliament, MPs have finally given Theresa May a lifeline in what is being hailed as a "mandate" to go back to Europe and renegotiate the Brexit withdrawal agreement. Even the Labour leader Jeremy Corbyn has agreed to enter talks ...
Chris Stafford, Doctoral Researcher, University of Nottingham / The Conversation   |   Wed, 30 Jan 2019 14:11:46

IoD chief steps down just two months before Brexit day

Stephen Martin resigns as UK lobby group head after two years of three-year contract The head of the Institute of Directors, one of the UK's biggest business lobby groups, has resigned after less than two years in the role and with less than two months to go until the planned ...
Jasper Jolly / Guardian   |   Wed, 30 Jan 2019 14:05:54

Britain in crisis

The British political system is in crisis – its most serious since the Second World War. One of the biggest and most complex questions of all was put to the people in the Brexit referendum in 2016 as a simple yes/no question, with no means to establish what "no" actually ...
Kathimerini   |   Wed, 30 Jan 2019 14:04:53

Brussels on Brexit: UK must clarify intentions

"We continue to urge the UK government to clarify its intentions with respect to its next steps as soon as possible," EU Commission vice president Frans Timmermans told reporters.
euronews   |   Wed, 30 Jan 2019 13:52:25

Transport secretary refusing to answer questions about handing no-deal Brexit contract to ferry firm with no ships, say MPs

Chris Grayling also declines to explicitly reject allegations that he acted illegally - because there was no open tender
Rob Merrick / The Independent   |   Wed, 30 Jan 2019 13:51:00

Labour has no confidence in PM winning Brexit changes - spokesman

Britain's main opposition Labour Party has no confidence Prime Minister Theresa May can achieve the kind of changes she has promised parliament to win it over to her deal to leave the European Union, a spokesman said on Wednesday.
Reuters   |   Wed, 30 Jan 2019 13:47:27

Britain's Labour has no confidence in PM winning Brexit changes: spokesman

Britain's main opposition Labour Party has no confidence Prime Minister Theresa May can achieve the kind of changes she has promised parliament to win it over to her deal to leave the European Union, a spokesman said on Wednesday.
Reuters   |   Wed, 30 Jan 2019 13:45:04

Factbox: Risk of no-deal Brexit still seen low, delay likelier, banks say

The risk that Britain will crash out of the EU without an agreement is low but rising, while the likelihood that it will delay Brexit is growing, banking analysts said on Wednesday after mixed messages from votes in parliament.
Reuters   |   Wed, 30 Jan 2019 13:45:02

Irish PM says no plans for emergency EU Brexit summit

There are no plans or pressure to hold an emergency summit of European Union leaders to discuss British Prime Minister Theresa May's wish to renegotiate her Brexit divorce deal, Irish Prime Minister Leo Varadkar said on Wednesday.
Reuters   |   Wed, 30 Jan 2019 13:43:49

Brexit Backstop Changes Not Enough To Win Labour Support, Jeremy Corbyn Tells Theresa May

Ned Simons / Huffington Post   |   Wed, 30 Jan 2019 13:37:32

Brexit waits for Valentine's Day

Theresa May is unlikely to be reading out any love missives from Brussels
FT   |   Wed, 30 Jan 2019 13:34:05

Brexit: EU negotiator and Council chief tell Theresa May deal is not open for renegotiation

Follow how the day at Westminster unfolded
Shehab Khan, Samuel Osborne / The Independent   |   Wed, 30 Jan 2019 13:33:00

Britain, EU 'running out of road' on Brexit: Irish foreign minister

Brexit negotiators are "running out of road" to avoid a scenario where Britain crashes out of the European Union without a deal, Irish Foreign Minister Simon Coveney said on Wednesday.
Reuters   |   Wed, 30 Jan 2019 13:30:09

UK PM May spokesman: PM is considering three possible alternative arrangements to backstop

British Prime Minister Theresa May's spokesman recently crossed the wires saying that the PM was considering three possible alternative arrangements to the backstop. "They are not novel concepts for the EU," the spokesman added. Key quotes (via Reuters) Talks with Corbyn will be chance to go through positions on Brexit ...
FX Street   |   Wed, 30 Jan 2019 13:23:06

Germany - Opening Brexit divorce deal 'not on the agenda'

Germany on Wednesday said a renegotiation of the Withdrawal Agreement on Britain's departure from the European Union was "not on the agenda", after British lawmakers demanded Prime Minister Theresa May renegotiate the Brexit divorce deal.
Reuters   |   Wed, 30 Jan 2019 13:04:30

Barclays prepares to trigger €190bn no-deal Brexit plan

Barclays is preparing to pull the trigger on no-deal Brexit plans to shift assets worth €190bn (£166bn) to its Irish division as it "cannot wait any longer" amid continuing political uncertainty, a High Court judgment has revealed.
Sky   |   Wed, 30 Jan 2019 12:55:00

May will speak to Irish PM Varadkar later on Wednesday

British Prime Minister Theresa May said she would be speaking with her Irish counterpart Leo Varadkar later on Wednesday, a day after parliament gave her a mandate to try and renegotiate her Brexit deal.
Reuters   |   Wed, 30 Jan 2019 12:53:56

Access to UK fishing waters post-Brexit is not up for renegotiation: UK PM May

Access to Britain's fishing waters is not up for renegotiation in any talks with the European Union over possible changes lawmakers have demanded to the country's exit deal, Prime Minister Theresa May said on Wednesday.
Reuters   |   Wed, 30 Jan 2019 12:46:31

Access to UK fishing waters post-Brexit is not up for renegotiation - May

Access to Britain's fishing waters is not up for renegotiation in any talks with the European Union over possible changes MPs have demanded to the country's exit deal, Prime Minister Theresa May said on Wednesday.
Reuters   |   Wed, 30 Jan 2019 12:45:56

Brexit: Brussels says UK should keep paying into EU budget after no-deal

Commission contingency plans say UK should keep up contributions to 2019 EU budget and beyond
Jon Stone / The Independent   |   Wed, 30 Jan 2019 12:45:00

UK PM May defends new Brexit policy ahead of talks with Corbyn, Tusk

UK Prime Minister Theresa May appears in the House of Commons and said that the House has set out a clear direction for Brexit. May expresses confidence on her aim to renegotiate the Irish Backstop in the Brexit accord, following approval of the Brady Amendment on Tuesday. The PM fends ...
FX Street   |   Wed, 30 Jan 2019 12:34:51

EU leaders 'want a deal' on Brexit, says Theresa May

UK prime minister insists she has parliamentary support for 'Plan B'
FT   |   Wed, 30 Jan 2019 12:33:58

UK attempts to renegotiate Brexit, but EU says nothing has changed

CNN   |   Wed, 30 Jan 2019 12:31:45

May will meet Corbyn at 1500 GMT - source

Britain's Theresa May will meet Jeremy Corbyn, leader of the opposition Labour Party, at 1500 GMT inside parliament, a government source said on Wednesday, a day after lawmakers voted for the prime minister to renegotiate her Brexit deal.
Reuters   |   Wed, 30 Jan 2019 12:23:46

Britain's May will meet Labour's Corbyn at 1500 GMT: source

Britain's Theresa May will meet Jeremy Corbyn, leader of the opposition Labour Party, at 1500 GMT inside parliament, a government source said on Wednesday, a day after lawmakers voted for the prime minister to renegotiate her Brexit deal.
Reuters   |   Wed, 30 Jan 2019 12:20:31

Brexit: Theresa May is facing MP questions over new withdrawal deal - Live

FT   |   Wed, 30 Jan 2019 12:07:06

British Prime Minister Theresa May faces improbable Brexit rewrite

British Prime Minister Theresa May pinned her hopes on persuading Brussels to rewrite the Brexit divorce deal but EU leaders insisted on Wednesday they would not budge. Having comprehensively rejected the withdrawal agreement last month, MPs late Tuesday backed an amendment saying they would support the deal if its controversial ...
Agence France-Presse / South China Morning Post   |   Wed, 30 Jan 2019 12:06:35

Stocks steady before Fed as Apple relief offsets Brexit complications

World stocks and the dollar steadied on Wednesday ahead of policy guidance from the U.S. Federal Reserve, with Apple results providing relief while market confidence that a no-deal Brexit can be avoided took a hit.
Reuters   |   Wed, 30 Jan 2019 12:03:35

Business warns on May's plan to rewrite Brexit treaty

Companies say uncertainty over deal is damaging UK economy
FT   |   Wed, 30 Jan 2019 11:56:53

Brexit: Firms may speed up no-deal plans, says CBI

Latest twist feels like a "throw of the dice" and does nothing to take no-deal off the table, says the CBI.
BBC   |   Wed, 30 Jan 2019 11:52:34

UK has thrown itself at the mercy of Brussels over Brexit

After months of Brexit hot air, the UK's lawmakers have finally given us some idea of what they want.
CNN   |   Wed, 30 Jan 2019 11:52:12

Brexit envoy insists EU united as UK's Theresa May seeks concessions

Britain is scheduled to exit the EU on March 29 - the first country ever to do so - but an agreement governing its departure is held up in British Parliament, mostly due to a border measure known as the Irish On Tuesday, PM May won backing from Parliament to ...
Times of India   |   Wed, 30 Jan 2019 11:47:04

Ireland says Brexit backstop alternatives tested, none work

Brexit negotiators have spent two years looking at alternatives to the backstop insurance policy to avoid a hard border on the island of Ireland and have not found any that work, Irish Foreign Minister Simon Coveney said on Wednesday.
Reuters   |   Wed, 30 Jan 2019 11:46:14

EU needs Britain to clarify next Brexit steps - Commission

The European Union needs Britain to clarify its next steps on Brexit, a deputy head of the bloc's executive European Commission said on Wednesday.
Reuters   |   Wed, 30 Jan 2019 11:35:27

Brexit: One Clarification and One Concession the EU Could Offer the UK

After a chaotic two months in British politics and with little time remaining before the UK is set to leave the EU, its parliament has now requested the EU replace the crucial backstop protocol in the Brexit withdrawal agreement with ... Continue reading →
kwhelan / Karl Whelan   |   Wed, 30 Jan 2019 11:33:52

Germany officially slashes 2019 GDP forecast to 1% - EUR/USD ticks down

The German Economy Ministry has confirmed that it has drastically reduced forecasts for Gross Domestic Growth for 2019 from 1.8% to 1%. Europe's largest economy is due to suffer from a worsening external environment according to the ministry. Protectionism, Brexit, and taxes are listed among risk factors. While net trade ...
FX Street   |   Wed, 30 Jan 2019 11:33:24

Brexit: May Running Down the Clock by Backing Yet-Again-Nixed Renegotiation of Withdrawal Agreement

May is still firmly in charge of Brexit as various Parliamentary gambits go splat.
Yves Smith / Naked Capitalism   |   Wed, 30 Jan 2019 11:20:45

Jeremy Corbyn Is Worse Than a "No-Deal" Brexit

The pound has kept most of its gains despite the chances of a messy departure increasing. That's because of signs of unity from the ruling Tories.
Washington Post   |   Wed, 30 Jan 2019 11:17:01

Spanish vineyards send extra wine to Britain before Brexit

In preparation for the possibility that the UK crashes out of the EU, bodegas are shipping as much Rioja as they can in a bid to boost their stocks
Bloomberg / EL PAÍS   |   Wed, 30 Jan 2019 11:16:56

Factbox: Brexit - What happens next?

Britain's parliament has demanded that Prime Minister Theresa May renegotiate a Brexit divorce deal that the other members of the European Union say they will not reopen.
Reuters   |   Wed, 30 Jan 2019 11:14:14

Sterling slumps after Brexit shenanigans

Wednesday January 30: Five things the markets are talking about The next U.S dollar move will depend on a plethora of factors from this week - investors are looking ahead to today's monetary policy announcement by the Fed (2:00 pm EDT), at which it is expected to leave interest rates ...
Dean Popplewell / OANDA   |   Wed, 30 Jan 2019 11:10:57

She Can't Accept No

Overview: The UK Prime Minister has two weeks to strike a new deal with the EC over the Irish backstop or return to Parliament in mid-February to consider alternatives, six weeks before Brexit. Sterling has recovered about half of yesterday's drop. The Australian dollar jump back to $0.7200 was aided ...
Marc Chandler / Marc to Market   |   Wed, 30 Jan 2019 11:07:58

Brexit News Archive: 30 Jan 2019     |     enquire