Brexit News Archive: 21 Feb 2019

Theresa May's Whips Branded 'Useless' By Brexit-Backing Labour MPs

Arj Singh / Huffington Post   |   Thu, 21 Feb 2019 21:58:33

No-deal Brexit risks Eurostar 'chaos' at St Pancras

Queues of up to 15,000 people could stretch for a mile in worst-case scenario
FT   |   Thu, 21 Feb 2019 21:30:24

EUR/USD: Euro strength looks to be further in the future - CIBC

Jeremy Stretch and Bipan Rai, analysts at CIBCl explained that given internal data disappointments and downside risks to the outlook including Brexit and upcoming elections, euro strength looks to be further in the future and less material than previously thought. They forecast EUR/USD at 1.17 by Q2 2019 and at ...
FX Street   |   Thu, 21 Feb 2019 20:02:35

Business fears rise for Brexit rollover trade pacts

Anger as ministers confirm deals with Japan and Turkey will not be ready
FT   |   Thu, 21 Feb 2019 19:51:58

UK must keep no-deal on the table, says Fox

Trade Secretary Liam Fox has rejected calls to rule out a no-deal Brexit, saying it would put Britain's withdrawal from the EU at risk.
BBC   |   Thu, 21 Feb 2019 18:43:33

Spain welcomes provisional Brexit airline deal

The Spanish government on Thursday welcomed a provisional European Union deal meant to mitigate the impact of a hard Brexit on airlines.
Reuters   |   Thu, 21 Feb 2019 18:35:50

UK govt. spokesman: EU-UK Brexit talks to continue next week

A spokesman for the British government recently crossed the wires announcing that the EU-UK Brexit talks would continue next week. "EU's Juncker, UK PM May agreed that work would now focus on guarantees relating to the backstop that underline once again its temporary nature as well as alternative arrangements and ...
FX Street   |   Thu, 21 Feb 2019 17:56:19

UK says focus in Brexit talks is now backstop guarantees

Britain's Brexit ministry said after talks in Brussels on Thursday that the focus of negotiations was now on getting new guarantees on the temporary nature of the Irish backstop.
Reuters   |   Thu, 21 Feb 2019 17:51:56

Brexit: Japan trade deal will not be ready by deadline

The UK won't be able to roll over an EU trade deal with Japan in time for Brexit, Liam Fox has said.
BBC   |   Thu, 21 Feb 2019 17:51:30

EUR/GBP range-bound, awaiting a Brexit breakthrough, eyes 0.8540s

EUR/GBP is chopping away sideways between a range of 0.8665 and 0.8706, consolidating the drop from the 0.8840s on a firmer cable. GBP/USD holds on the 1.30 handle as Brexit negotiations go down to the wire. EUR/GBP has been changing hands in a relatively wide range following a sharp correction ...
FX Street   |   Thu, 21 Feb 2019 17:27:30

Honda European chief outlined no-deal Brexit concerns in 2018

Fears about free movement and supply chain were discussed with locals at event in Swindon A senior figure at Honda listed a catalogue of risks posed by Brexit at a briefing near its Swindon plant last year, fuelling doubts about the carmaker's insistence that Britain's withdrawal from the EU had ...
Rob Davies / Guardian   |   Thu, 21 Feb 2019 17:24:24

No-deal Brexit 'could disrupt London commuter trains'

Buildup of freight at Channel tunnel might affect services into capital, operator warns Rail passengers commuting into London could have services disrupted by freight trains if a no-deal Brexit causes logjams at the Channel tunnel, it has emerged. Go-Ahead, the company behind the rail operator Southeastern, said it was working ...
Gwyn Topham / Guardian   |   Thu, 21 Feb 2019 17:19:18

GBP/USD returns to mid-1.30s as greenback gains traction in the last hour

EU says there was no breakthrough in Brexit talks in Brussels. US 10-year T-bond yield gains more than 1% to support the USD. Despite uninspiring data releases from the U.S. DXY posts modest gains. The GBP/USD pair rose toward the 1.31 mark in the early NA session but failed to ...
FX Street   |   Thu, 21 Feb 2019 17:11:20

Brexit: Theresa May eyes potential route out of negotiation deadlock in Brussels

Diplomats confirmed they were looking at a new kind of legal instrument to sit alongside the existing withdrawal agreement
Joe Watts / The Independent   |   Thu, 21 Feb 2019 17:07:00

Theresa May meets anti-Brexiteers to curb rebellion

The anti-Brexit trio, who favour a second referendum on Britain's membership of the EU, had announced their resignation from the Conservative Party on Wednesday. They joined a newly-formed Independent Group, created by eight former Opposition Labour Party MPs unhappy with their own party's Brexit and other policies.
Times of India   |   Thu, 21 Feb 2019 16:45:03

The Brief: Greta's climate wake-up call. Brexit rent ruling, Kuciak remembered

In this edition: we follow the Swedish teen who triggered a global youth climate protest movement as she marches with Belgian activists. The European Medicines Agency runs into rent troubles and the ECHR rejects an appeal to protect Turkish heritage over a dam project.
euronews   |   Thu, 21 Feb 2019 16:21:13

Who Is On Question Time Tonight

Only one Brexiteer on... The post Who Is On Question Time Tonight appeared first on Guido Fawkes .
Tom Harwood / Guy Fawkes' blog   |   Thu, 21 Feb 2019 16:15:17

EU official: No breakthrough in Brexit talks in Brussels

Citing an unnamed EU source familiar with the matter, Bloomberg reported there was no breakthrough in Brexit talks in Brussels this week. More talks are expected to take place next week.
FX Street   |   Thu, 21 Feb 2019 16:10:09

Brexit news - live: Anger as government admits it will fail to strike Japan or Turkey trade pacts by exit day in event of no-deal

Follow for live updates from Westminster
Lizzy Buchan / The Independent   |   Thu, 21 Feb 2019 16:01:00

Explainer - Britain's next Brexit flashpoint: What happens in parliament on February 26-27?

British Prime Minister Theresa May faces another trial by parliament next week when she must tell lawmakers what progress she has made in talks with the European Union, as patience in her party wears thin and the risk of a disorderly Brexit rises.
Reuters   |   Thu, 21 Feb 2019 16:00:37

Explainer: Britain's next Brexit flashpoint: What happens in parliament on Feb. 26-27?

British Prime Minister Theresa May faces another trial by parliament next week when she must tell lawmakers what progress she has made in talks with the European Union, as patience in her party wears thin and the risk of a disorderly Brexit rises.
Reuters   |   Thu, 21 Feb 2019 15:58:25

Not there yet but closer: Britain and EU haggling over Brexit compromise

Britain and the European Union on Thursday played down the chances clinching an immediate Brexit divorce deal but diplomats said they were moving closer to a legal compromise that Prime Minister Theresa May hopes will win over the British parliament.
Reuters   |   Thu, 21 Feb 2019 15:57:31

Theresa May holds crisis talks with Tory MPs in bid to avoid further resignations

Prime minister meets former ministers as she is warned that ignoring moderate MPs will have 'shattering consequences' for her leadership
Benjamin Kentish / The Independent   |   Thu, 21 Feb 2019 15:38:00

Hays hit as Brexit puts brake on recruitment

British companies delay hiring while growth in key European markets softens
FT   |   Thu, 21 Feb 2019 15:36:19

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   |   Thu, 21 Feb 2019 15:35:45

Philip Hammond focused on avoiding no-deal Brexit

UK chancellor working on getting May deal through
FT   |   Thu, 21 Feb 2019 14:57:17

Corbyn says PM May must seek customs union with EU to unlock Brexit

British opposition leader Jeremy Corbyn said on Thursday Prime Minister Theresa May must change her strategy and seek a close alliance with the European Union after Brexit to avert the dangerous prospect of an abrupt split.
Reuters   |   Thu, 21 Feb 2019 14:51:45

Philip Hammond, the Eeyore chancellor: 'Anyone got any ideas?' | John Crace

He's in charge of the economy and the nation looks to him for Brexit solutions, but the former Tigger seems to have given up These are not good times for those of us suffering from anxiety. Every day merely confirms what we have already suspected: there is no one in ...
John Crace / Guardian   |   Thu, 21 Feb 2019 14:49:58

Donald Tusk: 'Hell' comment was to get Brexiteers' attention

The European Council president said Brexiteers had not expected their victory and so were not prepared for it.
Micha Broniatowski, James Randerson / Politico   |   Thu, 21 Feb 2019 14:26:23

Trade pact with Japan ruled out by Brexit deadline

The government has admitted it has run out of time to roll over existing trade pacts with Japan and Turkey in the event of a no-deal Brexit.
Sky   |   Thu, 21 Feb 2019 14:23:00

We cannot allow Liam Fox's post-Brexit trade plans to go unscrutinised | Caroline Lucas

Deals containing clauses that threaten human rights are being debated in parliament - they must be defeated The government cancelled parliament's recess at short notice so as not to give the impression MPs were on holiday a matter of weeks before we face crashing out of the EU. The international ...
Caroline Lucas / Guardian   |   Thu, 21 Feb 2019 14:19:19

Hammond will keep his powder dry over pre-Brexit windfall

The chancellor will adopt a wait-and-see approach to talks before allocating his surplus funds The largest January budget surplus on record smashed City expectations and was a real surprise given the recent downbeat economic news. But Philip Hammond will take the gift with open arms. It is now five weeks ...
Larry Elliott / Guardian   |   Thu, 21 Feb 2019 14:03:10

Risk of no-deal Brexit has risen: EU's Timmermans

The risk of Britain crashing out of the European Union on March 29 without a deal to ease Brexit has increased this month, the deputy head of the European Commission said on Thursday.
Reuters   |   Thu, 21 Feb 2019 13:32:57

Corbyn says his talks with EU's Barnier 'useful'

Britain's opposition Labour leader Jeremy Corbyn said on Thursday he had "useful and informative" talks with the EU's Brexit negotiator in Brussels and said he was ready to meet the British Prime Minister Theresa May again.
Reuters   |   Thu, 21 Feb 2019 13:22:53

EU's Timmermans: Risk of UK leaving without a deal has increased

.Additional comments from European Commission First Vice President Timmermans Frans Timmermans continue to cross the news wires with key quotes, via Reuters, found below. Risk of UK leaving without a deal has increased. Saying Brexit won't happen without having alternative is like King Canute holding back the waves. If UK ...
FX Street   |   Thu, 21 Feb 2019 13:17:38

Weekly Risk Assessment, Feb 18-23

Global trade talks dominated proceedings in this holiday shortened trading week, along with central bank rhetoric and Brexit posturing. There have been a number of reports that senior Sino-U.S negotiators are working on multiple "memorandums of understanding" that would form the basis of a final trade deal. Markets are expecting ...
Dean Popplewell / OANDA   |   Thu, 21 Feb 2019 13:15:55

UK's Hammond sees 'opportunity' for Brexit vote next week

British lawmakers could be given a vote on a revised Brexit deal as soon as next week as negotiators in Brussels scramble to clinch last-minute changes to a divorce accord that would avoid a potentially disorderly exit from the European Union.
Reuters   |   Thu, 21 Feb 2019 13:04:18

Juncker: I've got Brexit fatigue

Commission president 'not very optimistic' a no-deal Brexit can be avoided.
Paul Dallison, Maïa de La Baume / Politico   |   Thu, 21 Feb 2019 12:42:33

Brexit defections reveal frayed fabric of UK politics

Brexit has torn the fabric of Britain's political system, say a group of 11 lawmakers behind a dramatic series of defections that have sent shockwaves through one of the world's oldest and most stable parliaments.
Reuters   |   Thu, 21 Feb 2019 12:36:46

Britain, EU closer to possible agreement on Brexit: EU diplomats

The European Union and Britain are moving towards a separate legal statement in which the bloc would again stress the temporary nature of the so-called Brexit backstop for the Irish border, diplomats in Brussels said.
Reuters   |   Thu, 21 Feb 2019 12:35:37

UK: PM May still needs to move mountains to get Brexit deal done - Standard Chartered

According to Christopher Graham, economist at Standard Chartered, a Brexit deal with the support of a majority (at least 320) of UK Members of Parliament (MPs) remains lacking and we have just over five weeks until the 29 March deadline. Key Quotes "A key reason for this is the breakdown ...
FX Street   |   Thu, 21 Feb 2019 12:34:40

Will Brexit Cost Europe 700,000 Tourism Jobs?

Tourism is a huge source of revenue for economies throughout Europe.[visit GET.com to read more] or compare Best Credit Cards
Scott Dylan / Daily Markets   |   Thu, 21 Feb 2019 12:30:00

Morning News: February 21, 2019

EU's Jean-Claude Juncker: Brexit Is a 'Disaster' Wall Street, Seeking Big Tax Breaks, Sets Sights on Distressed Main Streets SpaceX, Boeing Design Risks Threaten New [...]
Eddy Elfenbein / Eddy Elfenbein   |   Thu, 21 Feb 2019 12:11:13

Brexit Made Telefonica Lucky. It May Also Be Smart

The decision to delay the O2 IPO turned out well for the Spanish carrier. Investors should reconsider its discount to peers.
Washington Post   |   Thu, 21 Feb 2019 12:08:51

Bin lorries tell EU citizens 'this is your home'

A London council has sparked debate over its ad campaign offering information to EU citizens on their rights after Brexit.
Sky   |   Thu, 21 Feb 2019 12:04:00

Brexit: EU president Juncker 'not optimistic' about prospect about avoiding no-deal outcome

Juncker says it appears there is no majority in UK parliament for anything
Jon Stone / The Independent   |   Thu, 21 Feb 2019 12:01:00

EUR/GBP flirting with highs near 0.8700, focus on Brexit

The cross adds to Wednesday's gains near the 0.8700 handle. UK officials practically ruled out a deal next week. House of Commons will debate Brexit motion on February 27. The offered bias around the Sterling is helping EUR/GBP to advance to the area of daily highs in the 0.8700 neighbourhood. ...
FX Street   |   Thu, 21 Feb 2019 11:57:45

UK government source: It does not feel like we will have a Brexit deal by next week

It does not feel like Britain will have secured the changes it needs to its exit deal with Brussels by next week, a British government source said on Thursday.
Reuters   |   Thu, 21 Feb 2019 11:40:03

UK public finances hit record surplus to give Hammond pre-Brexit boost

Figure of £14.9bn is biggest January surplus since records began in 1993 Britain recorded the biggest-ever monthly surplus in public finances since the early 1990s, putting the government on a strong footing in the run-up to Brexit, now less than 40 days away. In a rare piece of positive economic ...
Richard Partington Economics correspondent / Guardian   |   Thu, 21 Feb 2019 11:39:01

Breaking: GBP/USD tumbles as UK official says getting Brexit deal next week is unlikely

A UK official is quoted as saying that getting a Brexit deal by next week is unlikely. The UK is a long way from getting what it wants on the Irish backstop. Earlier, a spokesman said that both sides are making progress but there is a lot more hard work ...
FX Street   |   Thu, 21 Feb 2019 11:29:35

Brexit breakthrough possible within days: UK minister

Britain's finance minister Philip Hammond said on Thursday there had been "some movement" by the European Union that could lead to a breakthrough in Brexit talks in "the next few days". Hammond said progress in the ongoing negotiations could result in a fresh vote next week on prime minister Theresa ...
Times of India   |   Thu, 21 Feb 2019 11:12:03

Government Borrowing Falls to Lowest Level Since 2001

The public finances continue to be in better and better shape despite Brexit approaching, with the latest ONS figures showing borrowing in the financial year-to-date at its lowest level since 2001. This puts the Government on track to come in under its OBR target of £25.5 billion net borrowing for ...
Hugh Bennett / Guy Fawkes' blog   |   Thu, 21 Feb 2019 11:07:30