Brexit News Archive: 19 Feb 2019

Joan Ryan: Labour MP resigns from party to join Independent Group, accusing Jeremy Corbyn of 'playing games with Brexit'

An eighth Labour MP has quit the party to join the Independent Group in the House of Commons, accusing Jeremy Corbyn of "presiding over a culture of antisemitism and hatred of Israel".
Will Kirby / The Independent   |   Tue, 19 Feb 2019 22:22:00

U.K. admits trade deals with Japan and South Korea are unlikely before brexit

Business Secretary Greg Clark said the U.K. isn't likely to reach agreements with Japan and South Korea to roll over existing trade deals before Britain's ...
No Author / Japan Times   |   Tue, 19 Feb 2019 21:49:15

UK will push options to Brexit backstop for future trading

Britain will pursue alternative arrangements to the Irish backstop - the most contentious part of the Brexit withdrawal deal - in its future trading relations with the European Union, Brexit minister Stephen Barclay said on Tuesday.
Reuters   |   Tue, 19 Feb 2019 21:32:05

Vulnerable Children Ignored In Brexit Talks And Could Be Put At Risk, Commissioners Warn

Nicola Slawson / Huffington Post   |   Tue, 19 Feb 2019 20:35:55

Brexit Minister says new proposals will be enough to secure Brexit deal - Sky News

Brexit Minister Stephen Barclay said the UK would take new legal proposals to the European Union on Wednesday and that they would be sufficient to secure an agreement in the Brexit talks, a Sky News reporter tweeted late on Tuesday.
Reuters   |   Tue, 19 Feb 2019 20:08:10

'Malthouse Compromise' on Brexit not dead - UK lawmaker after PM May talks

A eurosceptic British lawmaker said the "Malthouse Compromise" - an attempt to redraft the contentious Irish backstop in the Brexit deal - was "alive and kicking" after a meeting with Prime Minister Theresa May on Tuesday.
Reuters   |   Tue, 19 Feb 2019 20:05:36

Sketch: Seven of his MPs have quit, but Jeremy Corbyn could only stubbornly reiterate that he is never wrong about anything

If Corbyn really is this passionate about 'lifelong learning' he'd better get cracking. He has got his eye on a job he is hopelessly unqualified for, and is too arrogant to do anything about it
Tom Peck / The Independent   |   Tue, 19 Feb 2019 19:17:00

Honda's hammer blow to heart of UK manufacturing

First British car plant to shut since 2007 sparks fears for industry as Brexit looms
FT   |   Tue, 19 Feb 2019 19:16:29

Major firms paring presence and payrolls in U.K. as Brexit looms

As Britain's March 29 departure from the European Union looms, several major companies have announced they are downsizing their operations in the U.K. or completely ...
No Author / Japan Times   |   Tue, 19 Feb 2019 19:10:42

FTSE falls to a key technical level as sterling rallies hard on soft Brexit optimism and solid UK data

FTSE was falling back to a key technical level on Tuesday as sterling burst up onto the 1.30 handle out of a symmetrical triangle, helped along by reports that the so-called 'Malthouse agreement' was now dead. UK jobs data was solid and coupled up with last week's retail sales data ...
FX Street   |   Tue, 19 Feb 2019 19:02:06

Brexit: Ministers warned not to weaken animal-welfare laws after UK leaves EU

Calls for sentience to be enshrined in law when UK quits EU - as promised by Michael Gove
Jane Dalton / The Independent   |   Tue, 19 Feb 2019 18:46:00

Brexit news - live: Theresa May to fly to Brussels tomorrow for crucial talks with EU, as Juncker says breakthrough 'in God's hands'

Follow all the latest updates from Westminster
Ashley Cowburn, Jon Sharman / The Independent   |   Tue, 19 Feb 2019 18:34:00

Honda sounds a further Brexit warning to Britain

Leaving the EU will imperil decades of success in UK carmaking
FT   |   Tue, 19 Feb 2019 18:24:16

With 38 Days To Go, The NHS Is Advertising 200+ Jobs To Prepare For No-Deal Brexit

Chris York / Huffington Post   |   Tue, 19 Feb 2019 17:39:38

May Risks Infuriating Brexiteers By Telling Cabinet 'Malthouse Compromise' Cannot Replace Brexit Backstop

Arj Singh / Huffington Post   |   Tue, 19 Feb 2019 17:28:51

When Will Politicians Stop Playing Games And Take The Path Out Of The Brexit Labyrinth A People's Vote Offers?

Athian Akec / Huffington Post   |   Tue, 19 Feb 2019 17:17:48

EUR/GBP: Bears clutching at Brexit-sentiment straws and look to 0.8620 key support

EUR/GBP has dropped in despite EUR/USD's strong rally as the pound steals the show, rocketing to a high of 1.3050 vs the greenback, (UK jobs data was solid). The greenback is suffering a hangover from the Asian session highs and has fallen below the 97 handle in the DXY with ...
FX Street   |   Tue, 19 Feb 2019 17:12:52

UK will not present 'Malthouse Compromise' Brexit proposal to EU - reports

The British government will not pursue a compromise Brexit proposal, which has been championed by members of Theresa May's Conservative Party, in negotiations with the European Union, reporters for the Mail on Sunday and Daily Telegraph said.
Reuters   |   Tue, 19 Feb 2019 17:12:50

Brexit: What trade deals has the UK done so far?

The UK says it want to replicate the EU's trade agreements "as far as possible".
BBC   |   Tue, 19 Feb 2019 17:10:01

Carmakers quitting Britain won't blame Brexit - it's not in their interest | Phillip Inman

Business leaders know that mentioning the B-word just isn't worth the risk of souring consumer sentiment In 2012 a wave of anti-Japanese nationalism gripped China. Angry crowds burned down Japanese-owned factories, smashed Japanese-made cars and pelted Tokyo's embassy in Beijing with eggs. It was an experience that jolted Japanese business ...
Phillip Inman / Guardian   |   Tue, 19 Feb 2019 17:09:11

GBP/USD Technical Analysis: Cable blasting to 1.3050 level on Brexit hopes.

GBP/USD daily chart GBP/USD bulls are trying to reclaim the 200-day simple moving average (SMA). GBP got a boost across the board as PM May is still looking to reopen the withdrawal agreement. GBP/USD 4-hour chart GBP/USD bulls broke above the main SMAs suggesting a bullish bias in the medium-term. ...
FX Street   |   Tue, 19 Feb 2019 17:05:27

The Ideology Trap

The American psychologist Abraham Maslow famously said that "it is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail." But when the hammer is wielded by a political leader, entire countries may end up walling themselves off.
Shlomo Ben-Ami / Project Syndicate   |   Tue, 19 Feb 2019 17:03:39

Brexit concerns, BoA's Europe moves, Citi's tech plans and London property investment

David Crow and guests discuss how banks are preparing for Brexit, including Bank of ...
FT   |   Tue, 19 Feb 2019 17:01:17

What are Brexit contingency plans for pharmaceutical industry?

With fears over manufacturing costs and future investment, here's what firms are doing The carmakers' road to Brexit How aerospace and defence firms are preparing for Brexit Brexit poses a big threat to pharmaceutical research and manufacturing in the UK, the industry has warned, by driving up manufacturing costs and ...
Julia Kollewe and Paul Scruton / Guardian   |   Tue, 19 Feb 2019 17:00:14

John Major attacks 'zealot' Conservative Brexiteers but urges moderate Tories to stay in the party

Both main parties are being 'mainpulated by fringe opinion' says former prime minister as he condemns 'extreme' Tory MPs' 'intransigence'
Benjamin Kentish / The Independent   |   Tue, 19 Feb 2019 16:50:00

May's spokesman says wouldn't agree with reports on Brexit compromise plan

Prime Minister Theresa May's spokesman said on Tuesday he disagreed with the characterisation of cabinet discussions in reports which said that the government was no longer considering a Brexit proposal known as the 'Malthouse Compromise'.
Reuters   |   Tue, 19 Feb 2019 16:48:49

GBP/USD jumps to 2-week highs near 1.3050 amid Brexit optimism

Latest Brexit headlines provide a boost to the GBP. Falling US T-bond yields weigh on the buck on Tuesday. US Dollar Index drops to 10-day lows near mid-96s. After breaking above the critical 200-DMA, the GBP/USD pair extended its rally and rose to its best level in two weeks at ...
FX Street   |   Tue, 19 Feb 2019 16:43:13

UK PM May's spokesman says wouldn't agree with reports on Brexit compromise plan

British Prime Minister Theresa May's spokesman said on Tuesday he disagreed with the characterization of cabinet discussions in reports which said that the government was no longer considering a Brexit proposal known as the 'Malthouse Compromise'.
Reuters   |   Tue, 19 Feb 2019 16:37:28

Brexit: Nearly a third of French people think Britain has already left the EU, poll finds

Italians and Germans also apparently not following Brexit drama
Jon Stone / The Independent   |   Tue, 19 Feb 2019 16:30:00

UK will probably delay Brexit, says former EU chief Jose Manuel Barroso

Jean-Claude Juncker's predecessor expects UK to avoid no-deal
Jon Stone / The Independent   |   Tue, 19 Feb 2019 15:45:00

Stocks to watch: Greggs, HSBC, Weight Watchers, Pandora

Ryanair's breadth of network reduces Brexit risks, says SocGen
FT   |   Tue, 19 Feb 2019 15:34:35

Theresa May Travels to Europe for Brexit Talks but Key Disagreement Remains

But May is still looking to change the deal's legal phrasing
RAF CASERT / AP / Time   |   Tue, 19 Feb 2019 15:31:02

Gove opens way to food tariffs in no-deal Brexit

Environment secretary says protection for sector will also involve quotas
FT   |   Tue, 19 Feb 2019 15:07:16

Asda sales growth slows amid 'challenging' trade

Sales growth eased at the UK's third largest supermarket chain as Brexit uncertainty affected shoppers.
BBC   |   Tue, 19 Feb 2019 14:56:51

UK prosecutors charge man over Brexit harassment of lawmaker

British prosecutors have charged a man with harassment and public order offences after he protested outside the Houses of Parliament against a lawmaker who is opposed to Brexit.
Reuters   |   Tue, 19 Feb 2019 14:52:08

GBP/JPY Technical Analysis: Sterling rises to 2-week highs on Brexit news

GBP/JPY daily chart GBP/JPY is trading in a bear trend below the 200-day simple moving average (SMA). Bulls are testing the 100 SMA. GBP/JPY is trading at daily highs as PM May is still looking to reopen the withdrawal agreement. GBP/JPY 4-hour chart GBP/JPY is trading above its main SMAs ...
FX Street   |   Tue, 19 Feb 2019 14:49:00

Greece assures "rights of UK nationals fully guaranteed" even without Brexit deal

The Greek Government has confirmed that in the event of no deal the rights of UK nationals already living in Greece will be fully recognized and guaranteed, in line with the reciprocity offered by the UK to EU citizens. Greece is preparing fast-track bills regarding rights of UK nationals living ...
keeptalkinggreece / Keep Talking Greece   |   Tue, 19 Feb 2019 14:46:13

Deal or no deal, UK jobs will remain hard to fill | Larry Elliott

Unemployment is at a record low and Brexit might not have much of an effect on the labour market Anybody expecting the Brexit impasse to harm the UK's labour market has so far been proved wrong. Employment is at its highest ever level, the number of job vacancies has hit ...
Larry Elliott / Guardian   |   Tue, 19 Feb 2019 14:39:08

Western self-righteousness, the last hoorah?

As I continue to watch the slo-mo train wreck that is Brexit and the associated machinations in the UK's House of Commons, I can't help but fondly remember our dear old friend Prince Ucchi of...
Arup Ganguly / Times of India   |   Tue, 19 Feb 2019 14:35:45

Britain's EU workforce in decline as numbers from elsewhere soar

Number workers from EU27 nations falls by 61,000 as non-EU workforce hits record level The number of workers in the UK from elsewhere in the EU fell by 61,000 at a time when the number of British and non-EU workers soared, official figures show. There were an estimated 2.33 million ...
Aamna Mohdin / Guardian   |   Tue, 19 Feb 2019 14:30:29

May heads to EU to push for Brexit breakthrough

Prime Minister Theresa May will meet top EU official Jean-Claude Juncker in Brussels on Wednesday, pressing on with efforts to find a way to get their Brexit deal through Britain's parliament. A raft of meetings between EU and British officials in recent days has yet to produce a breakthrough after ...
Dean Popplewell / OANDA   |   Tue, 19 Feb 2019 14:27:12

UK PM May's spokesman: May-Juncker meeting is important step in Brexit process

British Prime Minister Theresa May's meeting with European Commission President Jean-Claude Juncker on Wednesday is an important stage in Brexit negotiations with the European Union, her spokesman said on Tuesday.
Reuters   |   Tue, 19 Feb 2019 14:15:09

Gove: Government will use tariffs to protect farming in no deal Brexit

Britain will use import tariffs to protect its farming industry if it fails to reach a trade pact with the European Union, farming and environment minister Michael Gove said on Tuesday.
Reuters   |   Tue, 19 Feb 2019 14:08:03

Migrant crisis in Europe? Look at Yemen

Just to be clear, this means that more desperate people crossed the Red Sea into Yemen in 2018 than crossed the Mediterranean heading for Europe. Euronews screenshot.Dozens of Somali refugees killed in Saudi airstrikes off Yemen, 2017. Youtube. While Brexit is giving UK residents a break from media focus on ...
Helen Lackner / Open Democracy   |   Tue, 19 Feb 2019 14:05:53

Alicante: The province where foreigners are disappearing from municipal rolls

Uncertainty around Brexit is prompting British residents to abandon tourist coastal cities while unemployment is also forcing workers to leave inland towns
Rafa Burgos / EL PAÍS   |   Tue, 19 Feb 2019 13:55:09

GBP/USD Technical Analysis: 1.2960 bullish target hit on Brexit news

GBP/USD daily chart GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA). GBP/USD is trading at daily highs as PM May is still looking to reopen the withdrawal agreement. As forecast last week, 1.2960 targets has been reached to the pip this Tuesday. GBP/USD 4-hour ...
FX Street   |   Tue, 19 Feb 2019 13:49:34

Well done Spuddo

13 The Brexit job losses are beginning to hit I have a one word comment this morning. Honda. I could add I, and just about every other serious economist, was right. But the evidence will still be ignored. And everyone ... read more
Tim Worstall / Tim Worstall   |   Tue, 19 Feb 2019 13:49:16

GBP/USD advances to 1.2950 area on latest brexit headlines

UK junior business minister says there won't be a no-deal Brexit. PM May spokesman reiterates that the PM is looking to reopen the withdrawal agreement. US Dollar Index recovers to 97 area on Tuesday. The GBP/USD pair gained traction in the last hour and advanced to a fresh 10-day high ...
FX Street   |   Tue, 19 Feb 2019 13:47:04

The irrelevant Independent Group

The Independent Group claims to value an "open, tolerant and respectful democratic society" and to oppose Brexit. It wills the ends, but not the means. It fails to see that Brexit and intolerance are the product of economic conditions, and...
chris / Stumbling and Mumbling   |   Tue, 19 Feb 2019 13:34:39

May's spokesman: May-Juncker meeting is important step in Brexit process

Prime Minister Theresa May's meeting with European Commission President Jean-Claude Juncker on Wednesday is an important stage in Brexit negotiations with the European Union, her spokesman said on Tuesday.
Reuters   |   Tue, 19 Feb 2019 13:30:06

EUR/GBP Technical Analysis: Euro plummets to one-month lows on Brexit news

EUR/GBP daily chart EUR/GBP is trading in a sideways trend below the 200-day simple moving averages (SMAs). EUR/GBP is falling as PM May is still looking to reopen the withdrawal agreement. EUR/GBP 4-hour chart EUR/GBP is trading below the main SMAs on the 4-hour chart suggesting a bearish market in ...
FX Street   |   Tue, 19 Feb 2019 13:27:22

Honda confirms Swindon car plant closure

The firm says the move is due to global changes in the car industry and has nothing to do with Brexit.
BBC   |   Tue, 19 Feb 2019 13:14:46

Michael Gove Warns There Is 'No Guarantee' UK Could Export Food To EU After No-Deal Brexit

Arj Singh / Huffington Post   |   Tue, 19 Feb 2019 13:10:42

HSBC warns of weak global economic outlook

Bank's revenue down 8% as CEO blames Chinese slowdown, trade tensions and Brexit HSBC warned about a weaker global economic outlook, as the slowdown in China, trade tensions and fears around Brexit sent its revenues sharply lower towards the end of the year. Europe's biggest bank reported a 16% rise ...
Julia Kollewe / Guardian   |   Tue, 19 Feb 2019 13:05:00

IPOs off to slow start globally in 2019 amid Brexit, US-China trade war uncertainties, says Dealogic

Companies have only raised US$5.4 billion globally so far in 2019, down by 78 per cent from the same period a year ago, marking the lowest year-to-date value in three years, global financial data provider Dealogic said on Tuesday.The number of deals also dropped to 87 during the period, down ...
Laura He / South China Morning Post   |   Tue, 19 Feb 2019 13:03:31

Blue in the face: Dutch businesses heed furry Brexit monster

Muppet-like creature has prompted 10 times more firms to take an official 'Brexit scan' A furry blue monster aimed at spurring companies in the Netherlands to take Brexit seriously may look slightly odd but seems to be doing a good job, the Dutch government has said. The enormous Muppet-like creature, ...
Jon Henley European affairs correspondent / Guardian   |   Tue, 19 Feb 2019 13:01:57

UK will apply food tariffs in case of no deal, Michael Gove says

Speaking at NFU conference, Gove says tariffs would be put in place to protect UK farmers The government will apply tariffs to food imports to protect British farmers in a no-deal scenario, the environment secretary, Michael Gove, has confirmed. And, contrary to claims by hard Brexiters, he warned that delays ...
Lisa O'Carroll Brexit correspondent / Guardian   |   Tue, 19 Feb 2019 12:59:45

Brexit: journalists must now focus on policy not personalities

Seven MPs leaving the Labour party was always going to dominate the news cycle but, given that the UK currently stands to exit the EU without a deal, political journalists should be wary about getting sucked into ongoing speculation about further resignations and instead focus on the rapidly approaching cliff ...
Stephen Cushion, Reader, School of Journalism, Media and Cultural Studies, Cardiff University / The Conversation   |   Tue, 19 Feb 2019 12:47:49

Brexit and Labour's Spat: Everything That's Wrong with The Independent Group

The departure of seven Labour party members isn't good for Brexit, the party, or themselves.
Yves Smith / Naked Capitalism   |   Tue, 19 Feb 2019 12:45:14

UK ambassador hails FM's clarification on Britons' rights after Brexit

British Ambassador to Athens Kate Smith on Tuesday hailed a letter sent earlier in the day by Greek Foreign Minister Giorgos Katrougalos to his UK counterpart, Jeremy Hunt, vowing to safeguard the rights of Britons living in Greece after Brexit.
Kathimerini   |   Tue, 19 Feb 2019 12:32:12

Japan Inc poured billions into Britain. Now it's having regrets

Japan's top companies are losing patience with the United Kingdom as Brexit fast approaches.
CNN   |   Tue, 19 Feb 2019 12:24:53

Honda's Swindon plant closure could lead to 7,000 job losses

Industry experts cast doubt on Japanese carmaker's claim that Brexit did not influence move Today's latest business developments - live updates Honda has said the toll of job losses from the closure of its Swindon plant could reach 7,000, as the business minister and automotive experts cast doubt on its ...
Rob Davies, Julia Kollewe and Jasper Jolly / Guardian   |   Tue, 19 Feb 2019 12:11:18

Brexit breakthrough is 'in god's hands', EU president Juncker says ahead of talks with Theresa May

Prime minister to visit Brussels with lawyers after her ministers were sent home empty-handed
Jon Stone / The Independent   |   Tue, 19 Feb 2019 12:01:00

Toto Wolff: No-deal Brexit a 'nightmare' for F1

Mercedes boss Toto Wolff has warned a no-deal Brexit could cause the "mother of all messes" for Formula 1.
CNN   |   Tue, 19 Feb 2019 11:32:31

Honda is closing its only British factory, wiping out 3,500 jobs

Honda has just dealt the United Kingdom's auto industry a huge blow.
CNN   |   Tue, 19 Feb 2019 11:27:03

EU's Juncker, May to meet on Brexit on Wednesday

British Prime Minister Theresa May will travel to Brussels on Wednesday to "take stock of the latest state of play on Brexit" with the head of the EU's executive European Commission, Jean-Claude Juncker, spokespeople of the latter said.
Reuters   |   Tue, 19 Feb 2019 11:24:13