Brexit News Archive: 20 Feb 2019

Fitch may cut UK credit rating on no-deal Brexit risk

FT   |   Wed, 20 Feb 2019 22:52:35

Jeremy Corbyn To Tell EU Leaders Parliament Will Not Allow No-Deal Brexit

Kate Forrester / Huffington Post   |   Wed, 20 Feb 2019 22:35:49

Brexit: Theresa May says 'time of essence' for backstop deal

The PM says "time is of the essence" as she stresses the need for legally-binding Brexit changes in Brussels.
BBC   |   Wed, 20 Feb 2019 22:16:03

May heads back to Brussels but EU not budging on Brexit 'Irish backstop'

Prime Minister Theresa May headed back to Brussels on Wednesday to renew her quest to reopen the terms of Britain's Brexit divorce, but appears headed ...
No Author / Japan Times   |   Wed, 20 Feb 2019 21:38:01

'Time of the essence,' says May on latest Brussels shuttle

British Prime Minister Theresa May held talks in Brussels on Wednesday as she sought concessions on Brexit from a skeptical European Union, her strategy under strain after the defection of three lawmakers.
Reuters   |   Wed, 20 Feb 2019 21:37:18

U.K. Prime Minister Theresa May and E.U. Chief Conclude 'Constructive' Talks on Brexit

"We've made progress," said May
RAF CASERT and JILL LAWLESS / AP / Time   |   Wed, 20 Feb 2019 21:35:00

With 37 days until Brexit, why are UK politicians defecting?

In a shock move at a crucial time, Conservative and Labour rebels are trying to form a new brand of British politics.
Al Jazeera   |   Wed, 20 Feb 2019 21:11:28

May seeks to revitalise Brexit talks in Brussels

Positive meeting with Juncker kicks off effort to revamp deal 'in coming days'
FT   |   Wed, 20 Feb 2019 21:09:00

British pound rises as Spain says Brexit accord is being "hammered out"

Seeking Alpha   |   Wed, 20 Feb 2019 21:01:16

Market sees mud in AHO's sunshine and green shoots

Investors are unconvinced by the Lloyds' boss's breezy take on Brexit and the economy
FT   |   Wed, 20 Feb 2019 20:49:08

New political group generates some early momentum

Europhile MPs from left and right unite to push for second Brexit referendum
FT   |   Wed, 20 Feb 2019 20:26:28

Progress made on Irish border backstop but time is of the essence - May

British Prime Minister Theresa May said on Wednesday that progress had been made in solving the impasse over the backstop arrangements for the Irish border that has hindered her Brexit deal but added that time was running out to secure changes.
Reuters   |   Wed, 20 Feb 2019 20:25:16

May and Juncker dive into Brexit fine print

The two leaders focused on changes to the Political Declaration in a joint statement after their Brussels meeting.
David M. Herszenhorn / Politico   |   Wed, 20 Feb 2019 20:23:13

How Tory Splitters Reached Breaking Point, Why More MPs Could Quit, And What It Means For Brexit

Arj Singh / Huffington Post   |   Wed, 20 Feb 2019 20:21:49

UK's May holds 'constructive' Brexit talks with wary EU

British Prime Minister Theresa May said she held talks in Brussels on Wednesday as she sought concessions on Brexit from a skeptical European Union, her strategy further battered by the defection of three lawmakers.
Reuters   |   Wed, 20 Feb 2019 20:11:32

May holds 'constructive' Brexit talks with wary EU

Prime Minister Theresa May said she held talks in Brussels on Wednesday as she sought concessions on Brexit from a sceptical European Union, her strategy further battered by the defection of three MPs.
Reuters   |   Wed, 20 Feb 2019 20:05:53

EU's Barnier rules out Brexit deal renegotiation - paper

The European Union's top Brexit negotiator Michel Barnier ruled out on Wednesday changing the terms of the deal for Britain's departure from the bloc, he said in a French newspaper interview.
Reuters   |   Wed, 20 Feb 2019 20:02:17

GBP/USD bulls capped in their tracks as DXY firms following neutral FOMC minutes/Brexit rinse and repeat

GBP/USD been capped on the dollar's correction following the FOMC minutes that were a slight disappointment to markets. The U.S. stock markets have been unable to spike on the event, signalling a pause in the risk-on central bank hysteria. GBP/USD is currently trading at 1.3063, up from a low of ...
FX Street   |   Wed, 20 Feb 2019 19:50:46

EU's Tusk - Longer Brexit talks would be better than no deal

Brexit negotiations might be extended if Britain fails to work out a sensible deal for leaving the European Union, European Council President Donald Tusk said on Wednesday.
Reuters   |   Wed, 20 Feb 2019 19:37:40

May in Brussels for 'detailed discussions' on Brexit with wary EU

British Prime Minister Theresa May arrived in Brussels on Wednesday for "detailed discussions" as she seeks to wring more concessions on Brexit from a skeptical European Union, her strategy further battered by the defection of three lawmakers.
Reuters   |   Wed, 20 Feb 2019 19:25:36

Brexit: Theresa May hopes to win 'significant progress' towards a new deal in the coming days

It would allow her to ask the commons to show backing for her strategy early next week
Joe Watts / The Independent   |   Wed, 20 Feb 2019 19:11:00

Eurozone: Consumer is gaining some confidence but risks ahead- ING

Data released today showed that Consumer Confidence in the Eurozone in February rose 0.5 points. Bert Colijn, Senior Economist at ING, points out that after the declines in 2018, consumer confidence has perked up in January and February. They expect March to be a nail-biting month as deadlines (Brexit and ...
FX Street   |   Wed, 20 Feb 2019 18:55:34

Crispin Odey Renews Bet Against The British Pound

Hedge fund manager Crispin Odey, an advocate of Brexit, renewed his hotly debated wager against the British pound as U.K. lawmakers' failure to agree on the divorce terms heightened concerns the country may crash out of the European Union without [...] The post Crispin Odey Renews Bet Against The British ...
Jacob Wolinsky / Value Walk   |   Wed, 20 Feb 2019 18:41:14

Up to 15 British ministers may vote to stop UK from leaving EU on March 29 - Bloomberg

As many as 15 British government ministers may vote to stop the United Kingdom leaving the European Union on March 29 in the event that no Brexit deal has been agreed, Bloomberg reported on Wednesday, citing sources familiar with the matter.
Reuters   |   Wed, 20 Feb 2019 18:40:06

Jeremy Hunt to Berlin: Brexit chaos will cast shadow over Europe

'The key is to put yourself in the other one's shoes and look for a win-win,' says British foreign secretary.
Joshua Posaner / Politico   |   Wed, 20 Feb 2019 17:55:24

The Wrong Way To Go About a Second Brexit Referendum

LONDON-Among the things that unite the British lawmakers who resigned from the Labour and Conservative parties this week, perhaps the greatest commonality is their shared support for Britain having a second Brexit referendum. Paradoxically, their departures may have made that goal much harder to achieve. The walkouts began on Monday ...
Yasmeen Serhan / The Atlantic   |   Wed, 20 Feb 2019 17:49:00

The Independent Group: Corbyn-backers launch counter-offensive against ex-Labour MPs

The Labour leader's spokesman accused the new group of backing 'austerity, corporate tax cuts [and] privatisation'
Joe Watts / The Independent   |   Wed, 20 Feb 2019 17:35:00

EU's Juncker doesn't expect Brexit breakthrough in today's talks with May

According to Reuters, European Commission President Jean-Claude Juncker recently reiterated that he did not expect to have a Brexit breakthrough when he meets British Prime Minister Theresa May later today.
FX Street   |   Wed, 20 Feb 2019 17:25:57

EU's Juncker sees no Brexit breakthrough in Wednesday talks with May

European Commission President Jean-Claude Juncker on Wednesday reiterated he had no expectations of a Brexit breakthrough when he meets British Prime Minister Theresa May in the evening.
Reuters   |   Wed, 20 Feb 2019 17:23:39

Live FX Analysis - 19 February 2019 (video)

Senior Market Analyst's Craig Erlam and Ed Moya discuss all the latest on US/China trade talks and Brexit then preview the upcoming week. They then give their analysis on EURUSD, GBPUSD, EURGBP, AUDUSD, USDCAD, GBPCAD, NZDUSD, USDJPY, GBPJPY, EURJPY, USDZAR and EURCAD.
Craig Erlam / OANDA   |   Wed, 20 Feb 2019 17:20:09

EU won't renegotiate Brexit deal: Spain foreign ministry source

The European Union will not agree to renegotiate the deal on Britain's exit from the bloc but there might be some margin of maneuver for a statement on the Irish backstop, a Spanish foreign ministry source told Reuters.
Reuters   |   Wed, 20 Feb 2019 17:18:28

EU's Juncker sees no Brexit breakthrough in Wednesday talks with PM May

European Commission President Jean-Claude Juncker on Wednesday reiterated he had no expectations of a Brexit breakthrough when he meets British Prime Minister Theresa May in the evening.
Reuters   |   Wed, 20 Feb 2019 17:17:59

Brexit's Lost World

When the British electorate voted nearly three years ago to leave Europe behind, the world looked very different than it does today. Instead of a vibrant multinational order, Britain now faces a world challenged by Donald Trump's presidency, cooler relations with China, and electoral manipulation by hostile powers.
Ngaire Woods / Project Syndicate   |   Wed, 20 Feb 2019 17:03:37

Revised Brexit accord being hammered out now: Bloomberg cites Spanish foreign minister

A revised Brexit accord is being hammered out at the moment, Bloomberg quoted Spain's foreign minister as saying.
Reuters   |   Wed, 20 Feb 2019 16:51:53

EU won't renegotiate Brexit but statement on backstop possible: Spain foreign ministry source

The European Union will not agree to renegotiate the deal on Britain's exit from the bloc but there might be some margin for maneuver for a statement on the Irish backstop, a Spanish foreign ministry source told Reuters.
Reuters   |   Wed, 20 Feb 2019 16:50:14

Brexit: There might be some room to manoeuvre for political statement on Irish backstop

Citing Spanish Foreign Ministry sources, Reuters recently reported that there might be room to "manoeuvre for the political statement" on the Irish backstop while noting that the format had not been decided upon yet. "The EU is not going to reopen the Brexit deal," the source reiterated.
FX Street   |   Wed, 20 Feb 2019 16:43:25

May back in Brussels, hit by defections over Brexit

British Prime Minister Theresa May headed to Brussels on Wednesday to seek more concessions from a sceptical European Union but the surprise defection of three pro-EU lawmakers from her Conservative Party undermined her Brexit strategy.
Reuters   |   Wed, 20 Feb 2019 16:43:11

Adam Boulton Accuses All Tory Brexiteers of Being "Far Right"

Sky's Adam Boulton has made the extraordinary assertion that Tories who support Brexit (i.e. the vast majority of the Tory Party) are "far right." Staggering... The post Adam Boulton Accuses All Tory Brexiteers of Being "Far Right" appeared first on Guido Fawkes .
Tom Harwood / Guy Fawkes' blog   |   Wed, 20 Feb 2019 16:29:40

Labour Mayoral Candidate Can't Explain if He Supports Brexit or Not

WATCH: Jamie Driscoll - Labour's candidate to be the new North of Tyne Mayor - struggles to explain his position on #Brexit. It is unclear whether he:-Wants Brexit to happen or not.-Wants a second referendum or not.@itvtynetees - Joe Pike (@joepike) February 20, 2019 Today Labour selected Momentum-backed Jamie Driscoll ...
Tom Harwood / Guy Fawkes' blog   |   Wed, 20 Feb 2019 16:17:53

What are Brexit contingency plans for retailers and farmers?

With fears over long delays, high trade tariffs and a lack of migrant workers, here's what firms are doing Welsh farmers brace themselves for Brexit Irish milk firm fears 'lights out' The UK food industry has begged the government to avoid a no-deal Brexit, warning it could lead to food ...
Sarah Butler / Guardian   |   Wed, 20 Feb 2019 16:13:39

Defining 'temporary' nature of backstop key to Brexit deal - Hunt

The key to securing a Brexit deal the British government can get through parliament is to define more precisely the nature of the Irish backstop, British Foreign Secretary Foreign Secretary Jeremy Hunt said on Wednesday.
Reuters   |   Wed, 20 Feb 2019 16:10:07

GBP/USD jumps to fresh highs on Brexit headlines

Pound gains momentum across the board on latest Brexit headline. GBP/USD hits weekly intraday highs and retreats modestly. Ahead: FOMC minutes and May-Juncker meeting. The GBP/USD jumped from 1.3025 to 1.3077 in a few minutes, hitting the highest intraday level since February 4. It pulled back and as of writing ...
FX Street   |   Wed, 20 Feb 2019 16:03:52

Germany's Maas: No one within EU wants a hard brexit

German Foreign Minister Heiko Maas recently crossed the wires saying that no one within the EU wanted a hard Brexit. "As long as no solution is found for the backstop, it will be hard to change the Brexit agreement," Maas added. Source: Reuters.
FX Street   |   Wed, 20 Feb 2019 16:00:53

UK's May back in Brussels, hit by defections over Brexit

British Prime Minister Theresa May headed to Brussels on Wednesday to seek more concessions from a skeptical European Union but the surprise defection of three pro-EU lawmakers from her Conservative Party undermined her Brexit strategy.
Reuters   |   Wed, 20 Feb 2019 15:49:34

Anna Soubry asks MPs to join defecting Tories

Move by Europhiles is major blow for Theresa May and her Brexit policy
FT   |   Wed, 20 Feb 2019 15:35:31

Spain's Borrell: Brexit accord is "being hammered out now"

In an interview with Bloomberg, Spanish Foreign Minister Josep Borrell said that a Brexit accord was "being hammered out now." "The EU's position is that the treaty won't be reopened, but can be interpreted, or complemented with explanations that may be satisfactory," Borrell explained.
FX Street   |   Wed, 20 Feb 2019 15:33:26

Honda closure: Brexit is tipping the UK's car industry over the edge

Pajor Pawel / Shutterstock.com Britain's car industry has faced a barrage of bad news in 2019. Honda is the latest casualty, announcing it will close its Swindon car plant, which employs 3,500 people, in 2021. It follows notice from Nissan that it is withdrawing investment from its Sunderland plant and ...
Jim Saker, Director of the Centre for Automotive Management, School of Business and Economics, Loughborough University / The Conversation   |   Wed, 20 Feb 2019 15:31:57

The Independent Group: this is a huge statement against Brexit tribalism that could really change British politics

To paraphrase a historical figure who still seems to tower over everything in British politics - the villainous hero Winston Churchill - the formation of the new Independent Group (IG) is not the beginning of the end of the Brexit saga, but it is perhaps merely the end of the ...
Andy Price, Head of Politics, Sheffield Hallam University / The Conversation   |   Wed, 20 Feb 2019 15:26:49

Brexit: No breakthrough likely at Theresa May meeting, says EU president Juncker

Prime minister and EU Commission president meet in Brussels
Jon Stone / The Independent   |   Wed, 20 Feb 2019 15:25:00

Britain's political parties are splintering over Brexit as 3 Conservatives defect

Cracks in Britain's political party system yawned wider Wednesday as three pro-European lawmakers quit the governing Conservatives to join a newly formed centrist group of independents who are opposed to the government's plan for Britain's departure from the European Union. Anna Soubry, Heidi Allen...
Associated Press / LA Times   |   Wed, 20 Feb 2019 14:40:00

May could pass Brexit deal with promise of second referendum - lawmaker

Prime Minister Theresa May could pass her Brexit deal if she agreed to hold another referendum to see if the public accepted it, one of the lawmakers who resigned from her party over the government's handling of Brexit said on Wednesday.
Reuters   |   Wed, 20 Feb 2019 14:26:32

The Independent Group: Ex-Tory MP says battle for party is over because 'hardline, right-wing, awkward squad' has won

An ex-Tory MP who left the party for a breakaway group has said that the battle for the Conservative Party was "over" and the hard-right Brexit extremists had won.
The Independent   |   Wed, 20 Feb 2019 14:23:28

Brexit is blowing up British politics

CNN   |   Wed, 20 Feb 2019 14:19:53

UK PM May could pass Brexit deal with promise of second referendum - lawmaker

British Prime Minister Theresa May could pass her Brexit deal if she agreed to hold another referendum to see if the public accepted it, one of the lawmakers who resigned from her party over the government's handling of Brexit said on Wednesday.
Reuters   |   Wed, 20 Feb 2019 14:18:25

EU drugs agency told it can't escape pricey London lease

Judge rules European Medicines Agency didn't have to relocate because of Brexit.
Katie Jennings, Helen Collis / Politico   |   Wed, 20 Feb 2019 14:09:54

Capital Markets: "US-China Trade and Brexit Dominate Ahead of FOMC Minutes"

From Marc to Market: Overview: The US dollar is narrowly mixed against the major currencies, but the strongest currency today is the Chinese yuan, following reports that US wants China to keep the yuan stable and not offset US tariffs with currency depreciation. The second monthly decline in Japanese exports ...
climateer / Climateer Investing   |   Wed, 20 Feb 2019 14:06:00

11 lawmakers have split from their respective parties to form new pro-EU bloc weeks before Brexit day

With Brexit day only weeks away, and still no deal in place, now might not seem the best time for British politicians to flip the table over.
CNN   |   Wed, 20 Feb 2019 14:02:35

New £200 Million Port to be Built on the Thames at Tilbury

Brexit Britain is getting another boost with Chris Grayling giving the green light to Tilbury Port today to build a new £200 million port terminal in Thurrock on the Thames Estuary alongside the existing port. The new port will be privately funded and will be the UK's largest unaccompanied ferry ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 20 Feb 2019 13:42:36

May wants support of her MPs in delivering Brexit - spokesman

British Prime Minister Theresa May wants the support of her Conservative lawmakers in delivering Brexit, her spokesman said on Wednesday, after three quit the party over her government's "disastrous handling of Brexit".
Reuters   |   Wed, 20 Feb 2019 13:28:31

Ireland alarmed by UK's food tariff plans in no-deal Brexit

Agriculture minister says Dublin has discussed with Brussels the assistance it would need
FT   |   Wed, 20 Feb 2019 13:26:04

Brexit: Aviva to move £9bn worth of assets to Ireland as it prepares for no-deal outcome

Britain's second largest insurer will move the money one hour before the UK leaves EU on 29 March
Shehab Khan / The Independent   |   Wed, 20 Feb 2019 13:26:00

UK PM May wants support of her lawmakers in delivering Brexit: spokesman

British Prime Minister Theresa May wants the support of her Conservative lawmakers in delivering Brexit, her spokesman said on Wednesday, after three quit the party over her government's "disastrous handling of Brexit".
Reuters   |   Wed, 20 Feb 2019 13:24:43

The Independent Group: What are the views and policies of the breakaway MPs?

MPs call for parliamentarians to 'leave the old tribal politics behind'
Shehab Khan, Lizzy Buchan / The Independent   |   Wed, 20 Feb 2019 13:04:00

3 Conservative U.K. Lawmakers Defect to New Independent Group Over 'Disastrous Handling of Brexit'

The trio accused the Conservative Party of abandoning the political center ground
Jill Lawless / AP / Time   |   Wed, 20 Feb 2019 12:50:51

CBI pushing hard for UK and EU to find Brexit compromise

The clock is ticking quickly towards crisis point, the employers' organisation says The CBI has stepped up its campaign for the UK and the EU to strike a compromise Brexit deal after its latest snapshot of manufacturing showed the pace of output growth slowing. Despite stronger order books, the employers' ...
Larry Elliott / Guardian   |   Wed, 20 Feb 2019 12:48:00

Brexit vote will come back to parliament as soon as possible: PM May

British Prime Minister Theresa May said on Wednesday she would bring a vote on a revised Brexit deal back to parliament as soon as possible but only when it was the right time to do so after securing changes to it from the European Union.
Reuters   |   Wed, 20 Feb 2019 12:43:40

Brexit vote will come back to parliament as soon as possible - May

British Prime Minister Theresa May said on Wednesday she would bring a vote on a revised Brexit deal back to parliament as soon as possible but only when it was the right time to do so after securing changes to it from the European Union.
Reuters   |   Wed, 20 Feb 2019 12:43:03

May says she is seeking legally-binding changes to Brexit deal

British Prime Minister Theresa May said on Wednesday she would be seeking legally-binding changes to a proposed Brexit deal with the European Union as she looks to resolve lawmakers' concerns about the so-called Irish backstop.
Reuters   |   Wed, 20 Feb 2019 12:40:06

London Fashion Week: Brexit, protest and a new femininity

In recent years, London has lost ground to the rest of the "big four" fashion weeks, ceding column inches to the legacy brands showing at Milan or Paris, and no longer considered as commercially viable as New York.
CNN   |   Wed, 20 Feb 2019 12:37:26

Theresa May trolled in Brussels by anti-Brexit group

Billboard shows tweet from PM calling for UK to stay in EU.
Paul Dallison / Politico   |   Wed, 20 Feb 2019 12:29:58

Ministers talk up Brexit deal as May heads to Brussels; EU wary

UK government ministers talked up the chances of salvaging a Brexit deal as Prime Minister Theresa May prepared for more meetings in Brussels on Wednesday that few in the European Union believe can overcome the deadlock in negotiations.
Reuters   |   Wed, 20 Feb 2019 12:14:40

U.S.-China Trade And Brexit Dominate Ahead Of FOMC Minutes

Seeking Alpha   |   Wed, 20 Feb 2019 12:07:58

Factbox: Who has quit Theresa May's Conservative Party? And what does it mean?

Three pro-EU lawmakers from Britain's governing Conservative Party quit to join an independent group in parliament on Wednesday, in a blow to Prime Minister Theresa May's attempts to unite her party around her Brexit plans.
Reuters   |   Wed, 20 Feb 2019 12:00:00

Pound Slides As Three Tory MPs Quit Party And Join "Independent Group"

And just like that...the newly formed "Independent Group" is now larger than the DUP - the Irish unionist party that has allied with members of the ERG to sabotage Theresa May's Brexit deal. After the eighth Labour MP departed the party Tuesday night to join the newly formed group, which ...
Tyler Durden / Zero Hedge   |   Wed, 20 Feb 2019 11:57:21

Text: Resignation letter of three lawmakers who quit UK PM May's Conservatives

Three pro-EU lawmakers from Britain's governing Conservative Party quit to join an independent group in parliament on Wednesday, in a blow to Prime Minister Theresa May's attempts to unite her party around her Brexit plans.
Reuters   |   Wed, 20 Feb 2019 11:55:35

3 British Conservative lawmakers defect to new ex-Labour Party independent group

Three pro-European lawmakers have quit Britain’s governing Conservatives to join a newly formed centrist group of independent legislators opposed to the government’s conduct of Brexit.Anna Soubry, Heidi Allen and Sarah Wollaston announced Wednesday they will join eight ex-Labour Party lawmakers in the new group.The Labour rebels have quit the party ...
Associated Press / South China Morning Post   |   Wed, 20 Feb 2019 11:49:12

Three UK lawmakers quit Theresa May's Party over Brexit

In the latest blow to beleaguered British Prime Minister Theresa May, three members of her Conservative party defected on Wednesday, denouncing her handling of Brexit.
CNN   |   Wed, 20 Feb 2019 11:48:45

Three Conservatives quit party in protest at "disastrous Brexit"

Three pro-EU lawmakers from Britain's governing Conservatives quit over the "disastrous handling of Brexit" on Wednesday, in a blow to Prime Minister Theresa May's attempts to unite her party around plans to leave the European Union.
Reuters   |   Wed, 20 Feb 2019 11:48:02

Text: Resignation letter of 3 MPs who quit May's Conservatives

Three pro-EU lawmakers from Britain's governing Conservative Party quit to join an independent group in parliament on Wednesday, in a blow to Prime Minister Theresa May's attempts to unite her party around her Brexit plans.
Reuters   |   Wed, 20 Feb 2019 11:47:44

Lloyds bullish over Brexit as £4bn payout to investors unveiled

Bank set aside £750m in 2018 for further PPI claims, taking total provision pot to £19.4bn Lloyds Banking Group has shrugged off growing fears over Brexit as it unveiled a £4bn payout to shareholders, despite reporting annual profits. Britain's biggest high street bank, which operates one out of five of ...
Julia Kollewe / Guardian   |   Wed, 20 Feb 2019 11:44:14

May by three MPs quitting her party over Brexit

Prime Minister Theresa May said on Wednesday she was saddened by the decision of three of her lawmakers to quit the Conservative Party over her Brexit policy, but said she was doing the right thing for the country.
Reuters   |   Wed, 20 Feb 2019 11:40:05

UK PM May comments in response to the resignations earlier

The UK PM Theresa May, responding to three Conservative MPs resignation earlier today, was noted saying that Brexit was never going to be easy and has been a source of disagreement. The party will offer decent, moderate and patriotic politics, and implementing Brexit decision of the people is the right ...
FX Street   |   Wed, 20 Feb 2019 11:39:41

Three Tory MPs quit party to join Independent Group over Brexit

Anna Soubry, Sarah Wollaston and Heidi Allen quit Conservative party to join group founded by ex-Labour MPs.
Al Jazeera   |   Wed, 20 Feb 2019 11:39:24

Factbox: Who has quit May's Conservative Party? And what does it mean?

Three pro-EU lawmakers from Britain's governing Conservative Party quit to join an independent group in parliament on Wednesday, in a blow to Prime Minister Theresa May's attempts to unite her party around her Brexit plans.
Reuters   |   Wed, 20 Feb 2019 11:38:01

Theresa May by Tory Trio Breakaway

Theresa May has put out a statement in response to Heidi Allen, Anna Soubry and Sarah Wollaston choosing to quit the Tory Party, saying she is by their decision. Many Tory MPs - including Brexiteers - share the same sentiments... The post Theresa May by Tory Trio Breakaway appeared first ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 20 Feb 2019 11:29:26

3 UK Conservative MPs resign from party

The trio have been critical of Theresa May's strategy on Brexit.
Annabelle Dickson, James Randerson / Politico   |   Wed, 20 Feb 2019 11:27:21

'We are ready', EU executive says of no-deal Brexit

The European Union is ready for the worst possible Brexit scenario under which Britain would crash out of the bloc with no agreement to mitigate disruption and manage the new relationship, the bloc's executive said on Wednesday.
Reuters   |   Wed, 20 Feb 2019 11:19:37

Changing Irish backstop only way to seal Brexit deal: UK's Hunt

Making changes to the contentious Irish backstop is the only way to secure a Brexit agreement, British Foreign Secretary Jeremy Hunt said before Prime Minister Theresa May heads to Brussels on Wednesday to try to salvage her deal.
Reuters   |   Wed, 20 Feb 2019 11:18:56

US-China Trade and Brexit Dominate Ahead of FOMC Minutes

Overview: The US dollar is narrowly mixed against the major currencies, but the strongest currency today is the Chinese yuan, following reports that US wants China to keep the yuan stable and not offset US tariffs with currency depreciation. The second monthly decline in Japanese exports weighted on the yen. ...
Marc Chandler / Marc to Market   |   Wed, 20 Feb 2019 11:11:13