Brexit News Archive: 25 Feb 2019

GBP/USD rallies to a fresh month-high on delayed Brexit hopes

GBP/USD rose to the fresh high of the month around 1.3150 at the start of Tuesday. The pair benefited from the news report that the UK PM will formally propose no-deal Brexit. Quarterly Inflation report hearings will become additional catalysts for traders to observe. The GBP/USD pair is taking the ...
FX Street   |   Mon, 25 Feb 2019 23:01:51

News group Reach blames Brexit for £200m writedown

Revenues boosted by £127m acquisition of titles including Daily Express and Daily Star
FT   |   Mon, 25 Feb 2019 22:39:05

PM May considers delaying Brexit deadline - Bloomberg

Prime Minister Theresa May is considering a plan to delay Brexit and prevent the UK from leaving the European Union without a deal, Bloomberg reported on Monday, citing people familiar with the situation.
Reuters   |   Mon, 25 Feb 2019 22:32:36

U.K. Prime Minister Reportedly Considering Plan to Delay Brexit

Theresa May is considering a plan to delay Brexit and stop the U.K. leaving the European Union with no deal next month, according to people familiar with the situation. The prime minister is expected to allow her Cabinet to discuss extending the deadline beyond March 29 at a crunch meeting ...
Tim Ross / Bloomberg / Time   |   Mon, 25 Feb 2019 22:30:34

Breaking: UK PM May reported to be considering plan to postpone Brexit

The bullish case for sterling is underpinned on the sentiment that Brexit will be delayed. PM May is reported to be ... considering a plan to delay Brexit to stop the U.K. leaving the European Union with no deal next month expected to allow Cabinet to discuss extending the deadline ...
FX Street   |   Mon, 25 Feb 2019 22:13:32

Eurostar owner allays Brexit chaos fears

The biggest investor in the cross-Channel train service says it will be ready whatever the Brexit scenario.
BBC   |   Mon, 25 Feb 2019 22:11:09

Theresa May Weighs Plan To Delay Brexit As Labour Endorses Second Referendum

Update: As Theresa May scrambles to avoid driving the UK off the 'no deal' Brexit cliff, rumblings that surfaced over the weekend about her possibly endorsing a "Brexit Day" delay have reportedly morphed into actions. According to Bloomberg, May will call a cabinet meeting for 9:30 am on Tuesday to ...
Tyler Durden / Zero Hedge   |   Mon, 25 Feb 2019 22:10:00

U.K. flower sector fears Brexit could nip exports in the bud

For Sam Taylor, director of a family-run plant bulbs and fresh flowers business in eastern England, fears of post-Brexit delays to imports and exports are ...
No Author / Japan Times   |   Mon, 25 Feb 2019 21:58:13

Corbyn finally yields to his party on a People's Vote

Policy shift on a second referendum is final twist in a series of Brexit contortions
FT   |   Mon, 25 Feb 2019 21:31:26

'Delay Is Inevitable': This Is What People In Liverpool Think About Brexit Happening On March 29

Aasma Day / Huffington Post   |   Mon, 25 Feb 2019 21:28:47

UK says confident medicines supply to be uninterrupted in no-deal Brexit

The British government said on Monday that it was confident that the supply of medicines and medical products should be uninterrupted if the country leaves the European Union without a deal on March 29.
Reuters   |   Mon, 25 Feb 2019 21:02:24

Brexit: Major boost for fresh EU referendum as Jeremy Corbyn gives Labour's backing

Labour leader ends months of prevarication by backing another public vote if - as expected - his own softer Brexit plan is defeated
Rob Merrick / The Independent   |   Mon, 25 Feb 2019 20:54:00

KHC's Cash Receipts; Why Is Theranos Worthless?

Whitney Tilson's email to investors discussing KHC's Cash Receipts; Asia Wealth Virtual Summit; Brexit news; Theranos. I got more complimentary feedback re. yesterday's email about KHC than any other. It's great to have so many smart people on this email [...] The post KHC's Cash Receipts; Why Is Theranos Worthless? ...
Jacob Wolinsky / Value Walk   |   Mon, 25 Feb 2019 20:43:27

UK Labour leader Jeremy Corbyn supports second Brexit referendum, bowing to party pressure

UK opposition Labour Party Leader Jeremy Corbyn has bowed to pressure from his members of Parliament and agreed to support a new Brexit referendum.Corbyn is a lifelong opponent of Britain’s EU membership but has until now resisted attempts to get him to back a fresh vote on leaving the EU ...
Associated Press / South China Morning Post   |   Mon, 25 Feb 2019 20:40:32

Brexit endgame: One month out with no clarity in sight

With barely a month remaining before the United Kingdom is scheduled to leave the European Union (EU), London is no closer to having a ratified deal, an agreement to extend negotiations, or preparations in place to manage a hard exit. British Prime Minister Theresa May has promised to hold the ...
Amanda Sloat / Brookings   |   Mon, 25 Feb 2019 20:35:03

Labour still to decide timing of support for second Brexit referendum - spokesman

The exact wording and timing of the opposition Labour Party's proposal to support a second Brexit referendum is still to be decided, a party spokesman said on Monday.
Reuters   |   Mon, 25 Feb 2019 20:22:31

EUR/GBP to remain in 0.86-0.89 range near-term - Danske Bank

According to analysts from Danske Bank, if the UK Parliament approves May's Brexit plan, it would lead to a significant decline in EUR/GBP. Key Quotes: "The growth picture has become weaker, as Brexit uncertainties are weighing on investments and as global growth has slowed." "The Bank of England (BoE) voted ...
FX Street   |   Mon, 25 Feb 2019 20:08:25

UK's Labour says it will back call for second Brexit referendum

Britain's opposition Labour Party said on Monday it would back calls for a second referendum on Brexit if parliament rejects its alternative plan for leaving the European Union.
Reuters   |   Mon, 25 Feb 2019 19:47:10

EU top official Donald Tusk calls on reluctant May to delay Brexit to avoid cliff-edge departure

After nearly two years of bitter talks on the departure of Britain from the European Union, there's now even disagreement between the two on when ...
No Author / Japan Times   |   Mon, 25 Feb 2019 19:06:14

PM May says deal within grasp, Brexit delay won't solve crisis

Prime Minister Theresa May said a timely exit for Britain from the European Union is "within our grasp" and insisted on Monday that delaying Brexit would be no way to solve the impasse in parliament over the departure.
Reuters   |   Mon, 25 Feb 2019 19:03:58

U.K.'s Labour Party Leader Paves Way for Possible Second Brexit Referendum

May said estimated economic impact of no-deal Brexit will come out soon
Tim Ross, Ian Wishart and Jessica Shankleman / Bloomberg / Time   |   Mon, 25 Feb 2019 19:01:39

Labour Party Backs New Brexit Referendum

"Britain's opposition Labour Party said on Monday that it was prepared to support a second referendum on withdrawal from the European Union, a shift that could have significant ramifications for the fate of Brexit and for the country's future," the New York Times reports. "After the resignations of nine Labour ...
Taegan Goddard / Taegan Goddard   |   Mon, 25 Feb 2019 19:00:17

Behind the façade, the UK economy is faltering

Brexit uncertainty threatens jobs boom and strong public finances
FT   |   Mon, 25 Feb 2019 18:56:25

Brexit delay a step closer as remainer rebels and EU leaders pile on pressure

The prime minister is siad to have offered MPs a chance to delay Brexit in two weeks in a bid to stop them rebelling on Wednesday
Joe Watts / The Independent   |   Mon, 25 Feb 2019 18:44:00

UK's opposition Labour party will support a second referendum on Brexit

CNN   |   Mon, 25 Feb 2019 18:42:09

Labour says it will back call for second Brexit referendum

Labour Party said on Monday it would back calls for a second referendum on Brexit if parliament rejects its alternative plan for leaving the European Union.
Reuters   |   Mon, 25 Feb 2019 18:41:45

UK opposition Labour Party moves to back second Brexit vote

Opposition Labour Party leader Jeremy Corbyn will push for second Brexit vote, party statement says.
Al Jazeera   |   Mon, 25 Feb 2019 18:40:44

Labour will back a public vote to 'prevent a damaging Tory Brexit'

British opposition leader Jeremy Corbyn will tell lawmakers on Monday night that the Labour Party will call for a public vote "to prevent a damaging Tory Brexit."
CNN   |   Mon, 25 Feb 2019 18:33:55

Corbyn says UK Labour will support a second Brexit referendum

In a high-stakes gamble that could split his fragmenting party further, Jeremy Corbyn has announced his support for a UK-wide vote on Brexit.
Nick Miller / SMH   |   Mon, 25 Feb 2019 18:21:58

Labour swings behind second referendum

Jeremy Corbyn says his party would support a second vote to prevent a 'damaging Tory Brexit.'
Charlie Cooper / Politico   |   Mon, 25 Feb 2019 18:15:07

Labour will back public Brexit vote if parliament rejects its exit plan - Brexit spokesman

Labour will support a second referendum on Brexit if parliament rejects the party's alternative plan for leaving the bloc, its Brexit spokesman Keir Starmer said on Monday.
Reuters   |   Mon, 25 Feb 2019 18:09:22

Labour Party Will Back New Referendum To 'Prevent A Damaging Tory Brexit'

SHARM EL-SHEIKH, Egypt (AP) - After nearly two years of bitter talks on the departure of Britain from the European...
Summer Concepcion / TPM   |   Mon, 25 Feb 2019 18:06:28

UK to keep trade penalties post-Brexit

Chinese car tyres and wheels are among the products that will continue to be penalised after Brexit.
BBC   |   Mon, 25 Feb 2019 18:00:29

UK opposition Labour says it will back call for second Brexit referendum

Britain's opposition Labour Party will back a call for a second referendum on Brexit, its leader Jeremy Corbyn will tell his lawmakers on Monday.
Reuters   |   Mon, 25 Feb 2019 17:58:18

Labour prepared to back new Brexit referendum

Jeremy Corbyn says the party is prepared to support a new public vote as MPs seek to delay the UK's exit.
BBC   |   Mon, 25 Feb 2019 17:56:51

Labour party to back second Brexit referendum

UK opposition party favours public vote 'to prevent a damaging Tory Brexit'
FT   |   Mon, 25 Feb 2019 17:54:43

Jeremy Corbyn To Back Second Brexit Referendum In New Commons Bid To Prevent 'Damaging' Tory Exit

Paul Waugh / Huffington Post   |   Mon, 25 Feb 2019 17:49:00

UK opposition party to back Cooper-Letwin amendment to take no-deal Brexit off the table

British opposition Labour leader Jeremy Corbyn recently crossed the wires saying that he would back the Cooper-Letwin amendment to take no-deal Brexit off the table. Key quotes (via Reuters) Labour party says will put forward or support an amendment in favour of a public vote to prevent a damaging conservative ...
FX Street   |   Mon, 25 Feb 2019 17:43:25

Brexit: Labour agrees to back amendment for new EU referendum in major policy shift

Labour says it is committed to backing an amendment to deliver a fresh Brexit referendum, in a significant shift in the party's much-criticised policy.
Rob Merrick / The Independent   |   Mon, 25 Feb 2019 17:41:00

Labour backs second Brexit referendum

Labour has announced it will back a second referendum on Britain's EU exit to prevent a "damaging Tory Brexit being forced on the country".
Sky   |   Mon, 25 Feb 2019 17:32:00

EUR/GBP on the approach to the key 0.8620 support area on Brexit sentiment

EUR/GBP prices action determined by Brexit sentiment and prospects of Article 50 extension. EUR/GBP is carving out a bearish while below the late Jan uptrend support with eyes on 0.8620s key support area. While the clock ticks down to the end of the two year negotiating period, there is growing ...
FX Street   |   Mon, 25 Feb 2019 17:27:57

UK ministers will demand PM May delay Brexit if deal not approved by March 13: Sky News

If British Prime Minister Theresa May cannot get a Brexit deal approved by parliament by March 13, ministers and lawmakers will demand she delay Brexit and rule out leaving without a deal, Sky News reported an unnamed minister as saying on Monday.
Reuters   |   Mon, 25 Feb 2019 17:13:59

Brandon Lewis Accused of "Spying" on Tory National Convention

The National Conservative Convention took place in Oxford on Saturday at a more low-key Tory Spring Forum than usual after party members' access was restricted this year. The National Convention voted heavily in support of a motion rejecting a second referendum or any Brexit delay beyond the European Elections: "The ...
Hugh Bennett / Guy Fawkes' blog   |   Mon, 25 Feb 2019 17:06:04

Top E.U. Official Calls For Extension of Brexit Deadline

Tusk said that the chances of an agreement concluding on time are receding
RAF CASERT and LORNE COOK / AP / Time   |   Mon, 25 Feb 2019 16:59:36

BoE: No longer expect a rate hike in May - Rabobank

"We have changed our Bank of England view, and now no longer expect a rate hike in May," Rabobank analysts wrote in a recently published report. Key quotes "The UK economy is holding up relatively well and domestic cost pressures are rising, even as it faces Brexit uncertainties and strong ...
FX Street   |   Mon, 25 Feb 2019 16:59:18

Grayling accused of trying to hold Brexit ferry trial in private

Lawyers argue government's embarrassment is irrelevant to question of confidentiality Chris Grayling has been accused of trying to conduct large parts of a trial over the £14m Brexit ferry fiasco in private, against the principle of open justice, the high court has heard. The transport secretary is being sued by ...
Lisa O'Carroll Brexit correspondent / Guardian   |   Mon, 25 Feb 2019 16:56:07

In Sharm el Sheikh, May has shown herself to be a far more accomplished pool player than prime minister

On the pool table, she hit the cue ball towards the object ball. It was more than she managed in her press conference
Tom Peck / The Independent   |   Mon, 25 Feb 2019 16:42:50

UK to publish 'no deal' impact analysis 'very shortly': May's spokeswoman

The British government will "very shortly" publish analysis of the impact of a no-deal Brexit on business and trade, Prime Minister Theresa May's spokeswoman said on Monday.
Reuters   |   Mon, 25 Feb 2019 16:14:33

Trader Warns: "There's A Lot Of Euphoria Out There Today"

While 'hope' has collapsed in macro-economic data over the past few weeks: Former fund manager and FX trader Richard Breslow notes that there has been plenty of hopeful news out the last few days. Progress on trade. Loudly proclaimed, meaningful details to follow. Brexit moves closer to being delayed. Posturing ...
Tyler Durden / Zero Hedge   |   Mon, 25 Feb 2019 15:59:14

Aerospace Trade Group Says No-Deal Brexit a Full Blown Economic Crisis

The risk of a no-deal Brexit is turning into a "full-blown economic crisis", the aerospace trade body has warned. ADS Group said it was now able to track "the very real economic damage being caused" by the continuing uncertainty over the UK's exit from the EU. Its warning comes as ...
Alfonso Esparza / OANDA   |   Mon, 25 Feb 2019 15:55:50

Tusk says Brexit delay is 'rational' - but PM pushes back

European Council president Donald Tusk believes delaying Brexit is a "rational solution" - although Theresa May has pushed back at suggestions the UK could seek an extension to Article 50.
Sky   |   Mon, 25 Feb 2019 15:54:00

Irish banks/Brexit: wookiees of the west

Unless the UK crashes out, the force will be with the periphery
FT   |   Mon, 25 Feb 2019 15:48:47

Brexit could trigger major surge in animal testing as EU rules are invalidated, experts warn

Experiments on animals may have to be replicated if UK companies cannot access testing data for everything from household products to medicines
Josh Gabbatiss / The Independent   |   Mon, 25 Feb 2019 15:01:48

Brexit Date Could Be Delayed Until 2021 As Theresa May's Plans Underwhelm

Brexit is unlikely to happen on March 29 and may drag on until 2021. Indications to this effect are coming from EU officials who were quoted in some media reports. This impasse follows the evading political consensus in the U.K polity on the exit plan and the mechanisms for future ...
IBTimes   |   Mon, 25 Feb 2019 14:58:16

Brexit: Step by Step Timeline

Brexit timeline brought to you by Reuters Britain's parliament last month demanded Prime Minister Theresa May renegotiate a Brexit divorce deal that the other members of the European Union say they will not reopen. With just 32 days until the United Kingdom is due by law to leave the EU, ...
Dean Popplewell / OANDA   |   Mon, 25 Feb 2019 14:57:14

What Brexit And The Independent Group Tell Us About The End Of Consensus Politics

Professor Alex de Ruyter / Huffington Post   |   Mon, 25 Feb 2019 14:51:12

Brexit: Theresa May 'focused' on leaving on time, despite calls for delay

The PM says there is "real determination" to leave on 29 March, despite calls from her own party to delay.
BBC   |   Mon, 25 Feb 2019 14:50:43

Independent Group: Another Tory MP signals she could leave the party over Theresa May's Brexit stance

Antoinette Sandbach said she was 'sympathetic' towards colleagues who quit the party last week
Joe Watts / The Independent   |   Mon, 25 Feb 2019 14:49:00

Donald Tusk calls on UK to ask for Brexit extension

European Council leader says delay 'rational step' given parliament deadlock
FT   |   Mon, 25 Feb 2019 14:40:08

British PM May says deal within grasp, Brexit delay won't solve crisis

Prime Minister Theresa May stepped up her warnings on Monday that delaying Brexit was no way to solve the impasse in parliament over Britain's departure from the European Union, saying a timely exit was "within our grasp".
Reuters   |   Mon, 25 Feb 2019 14:40:03

May says deal within grasp, Brexit delay won't solve crisis

Prime Minister Theresa May stepped up her warnings on Monday that delaying Brexit was no way to solve the impasse in parliament over Britain's departure from the European Union, saying a timely exit was "within our grasp".
Reuters   |   Mon, 25 Feb 2019 14:39:40

Theresa May rejects call to delay Brexit

Prime minister says it is within the UK's 'grasp' to strike exit pact before March 29 deadline
FT   |   Mon, 25 Feb 2019 14:23:43

Switzerland, UK aim to keep status quo for residents after Brexit

Switzerland and the United Kingdom have signed an agreement to help their citizens living in the respective countries keep their existing rights, including being able to move and change jobs, after the UK leaves the European Union.
Reuters   |   Mon, 25 Feb 2019 14:23:14

MPs Could Vote On Brexit Deal Before EU Approves It, Says Theresa May

Ned Simons / Huffington Post   |   Mon, 25 Feb 2019 14:17:14

May resists calls for Brexit delay in the desert

The UK prime minister said it was still 'within our grasp' to leave the EU on March 29.
Tom McTague / Politico   |   Mon, 25 Feb 2019 14:12:34

Facing threat of Brexit delay, May renews efforts for deal change

Prime Minister Theresa May faces a growing threat that she will be forced to delay Brexit to avoid leaving the European Union without an agreement, a no-deal outcome described as by one of the bloc's leaders. With Britain's Brexit crisis going down to the wire, May is struggling to get ...
Dean Popplewell / OANDA   |   Mon, 25 Feb 2019 14:02:44

EU official Tusk calls on Theresa May to delay Brexit

Times of India   |   Mon, 25 Feb 2019 13:57:44

The final Brexit countdown begins

The dates on which key decisions must be made are now becoming clear
FT   |   Mon, 25 Feb 2019 13:57:13

Theresa May rejects calls for Brexit delay

Prime mininster says it is within the UK's 'grasp' to strike exit pact before March 29 deadline
FT   |   Mon, 25 Feb 2019 13:44:02

No-deal Brexit risks 'full-blown economic crisis'

The aerospace trade body joins other business groups in warning over continuing Brexit uncertainty.
BBC   |   Mon, 25 Feb 2019 13:41:02

Brexit delay will not solve the impasse over deal, May says

Delaying Britain's exit from the European Union does not deliver a deal and merely delays the big decision on Brexit, Prime Minister Theresa May said on Monday.
Reuters   |   Mon, 25 Feb 2019 13:36:45

May Delays Brexit Vote to Buy Time as Ministers Threaten Revolt

Theresa May pushed back the deadline for Parliament to vote on her Brexit deal, in a gamble she hopes will buy more time for negotiations but which risks inflaming the revolt against her. The British prime minister confirmed she won't bring a new divorce deal back to the House of ...
sellputs / Hedge Accordingly   |   Mon, 25 Feb 2019 13:35:30

Factbox: Through the Brexit Looking Glass - What happens next?

Britain's parliament last month demanded Prime Minister Theresa May renegotiate a Brexit divorce deal that the other members of the European Union say they will not reopen.
Reuters   |   Mon, 25 Feb 2019 13:35:03

UK insurers say no-deal Brexit would be 'act of economic self-harm'

Delay would be preferable to leaving the EU without an agreement, says ABI Britain's insurers are to warn that a no-deal Brexit would be an "unforgivable act of economic and social self-harm", arguing that a delay to the process would be preferable to leaving the EU without an agreement. In ...
Julia Kollewe / Guardian   |   Mon, 25 Feb 2019 13:32:41

UK and US agree post-Brexit derivatives trading deal

Multitrillion-pound business will continue even if Britain leaves EU without a deal The US has lent its backing to Britain to protect the City from losing trillions of pounds of complex financial derivatives business after Brexit, warding off a potential banking industry land grab by the EU. In a joint ...
Richard Partington / Guardian   |   Mon, 25 Feb 2019 13:31:36

Brexit delay will not solve the impasse over deal, PM May says

Delaying Britain's exit from the European Union does not deliver a deal and merely delays the big decision on Brexit, Prime Minister Theresa May said on Monday.
Reuters   |   Mon, 25 Feb 2019 13:27:04

Tusk says Brexit extension would be 'rational,' but May wants to avoid it

European Council president says he sees no majority in British parliament for a deal as deadline looms.
David M. Herszenhorn / Politico   |   Mon, 25 Feb 2019 13:26:23

Explainer: Britain's next Brexit flashpoint - What happens in parliament this week?

British Prime Minister Theresa May faces another trial by parliament this 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   |   Mon, 25 Feb 2019 13:22:18

UK PM May: Working for a negotiated deal with EU so parliament can vote for a deal

British Prime Minister Theresa May continues to deliver her remarks on the latest Brexit talks in news conference in Sharm El-Sheikh. Key quotes (via Reuters) I am clear that what I am working for is a negotiated deal with the EU so parliament can vote for a deal. When we ...
FX Street   |   Mon, 25 Feb 2019 13:21:44

UK PM May: Extension to Article 50 does not deliver a decision in parliament on Brexit

British Prime Minister Theresa May is now delivering her remarks on the latest Brexit talks in news conference in Sharm El-Sheikh. Key quotes (via Reuters) What we are working for is to deliver for parliament, to ease its concerns. All our energies should be focused on getting a deal to ...
FX Street   |   Mon, 25 Feb 2019 13:17:27

Tusk calls on May to request Brexit extension to avoid 'chaotic exit'

European Council president says delay 'rational step' given deadlock in parliament
FT   |   Mon, 25 Feb 2019 13:10:56

EU's Tusk: Brexit extension would be rational solution

Following his meeting with British Prime Minister Theresa May, European Council President Donald Tusk told reporters that extending Brexit would be a rational solution. Key quotes (via Reuters) May believes she can avoid extension. Whatever the scenario, the EU27 will show maximum goodwill.
FX Street   |   Mon, 25 Feb 2019 13:07:03

Brexit delay: EU president Donald Tusk says extending Article 50 would be 'rational' solution

European Council president suggests Theresa May to Brexit delay, however
Jon Stone / The Independent   |   Mon, 25 Feb 2019 13:07:00

Did the British ever understand Europe?

The continent and its aspirations of unity were always outside the imagination of our island nation - and for that we can blame our own leaders, argues Bettina Schultz, in a new book, 'Do They Mean Us'
Bettina Schultz / The Independent   |   Mon, 25 Feb 2019 13:06:21

Anglo-Irish relations are a casualty of Brexit

The convergence between the two countries has been disrupted by the UK's vote to leave the EU
FT   |   Mon, 25 Feb 2019 13:05:53

The Independent Group: A moment of destiny, or destined for the dustbin of history?

In Luton South, the local party chair quotes Trotsky to express his disgust at the defecting MP Gavin Shuker. But might history actually be on the side of the new movement, asks Adam Lusher
Adam Lusher / The Independent   |   Mon, 25 Feb 2019 13:04:30

EU's Tusk says Brexit delay would be 'rational'

European Council President Donald Tusk said on Monday that delaying Brexit beyond the scheduled exit date of March 29 would be a "rational solution" as there was no majority in the British parliament to approve a divorce deal.
Reuters   |   Mon, 25 Feb 2019 12:56:29

Mark Carney statement on UK and US derivatives deal

Accord seeks to minimise Brexit disruption to markets
FT   |   Mon, 25 Feb 2019 12:49:08

Pressure Is Mounting On Theresa May To Delay Brexit As Key Commons Votes Loom

Ned Simons / Huffington Post   |   Mon, 25 Feb 2019 12:47:42

Brexit delay raised at May-Merkel meet but no substantive discussion of it - official

The possibility of extending Article 50 was raised at a meeting of British Prime Minister Theresa May and German Chancellor Angela Merkel in Egypt, but there was no discussion of it, a government official said on Monday.
Reuters   |   Mon, 25 Feb 2019 12:47:25

Mirror owner warns over Brexit as it makes £200m writedown

Reach, which also owns Daily Express and Daily Star, reports £120m pretax loss for 2018 Reach, the publisher of the Daily Mirror and Daily Express, has warned about the impact of Brexit, as it made a £200m writedown on its newspaper business that pushed it into the red for 2018. ...
Julia Kollewe / Guardian   |   Mon, 25 Feb 2019 12:34:34

GBP/USD: Stuck in a range below 1.3100 handle ahead of May's news conference

• The prevalent USD selling bias continues to lend some support. • GBP remains underpinned by reports of a possible Brexit delay. • Bulls lack strong conviction ahead of May's scheduled speech. The GBP/USD pair extended its sideways consolidative price action and remained capped below the 1.3100 handle through the ...
FX Street   |   Mon, 25 Feb 2019 12:21:22

Independent Group to bring contempt proceedings if government fails to publish no-deal Brexit papers within 48 hours

Theresa May warned of consequences of ministers 'going back on their promises' - made in the Commons two weeks ago
Rob Merrick / The Independent   |   Mon, 25 Feb 2019 12:21:00

Brexit uncertainty sparks unease among Erasmus students planning to study in UK

If Great Britain crashes out of the European Union, it is unclear whether Spanish students will receive the financial support they should be due under the popular program
Elisa Silió, Patricia Tubella / EL PAÍS   |   Mon, 25 Feb 2019 12:12:42

UK attorney general will go to Brussels for talks on Tuesday - Sky

Britain's Attorney General Geoffrey Cox will travel to Brussels on Tuesday to continue discussions as he seeks to find a legal compromise that will help Prime Minister Theresa May get her Brexit deal through parliament, Sky News reported.
Reuters   |   Mon, 25 Feb 2019 11:59:40

EU executive says Brexit work must conclude by March 21-22 summit

The European Commission on Monday said it was still the EU's assumption that Britain would leave the bloc as planned on March 29.
Reuters   |   Mon, 25 Feb 2019 11:58:31

Juncker and May vow to end Brexit negotiations before March 21

FT   |   Mon, 25 Feb 2019 11:55:11

Cheap as Chips Doesn't Cut It in Brexit Britain

Primark and Greggs aren't just cheap. They're also clever - witness the arrival of the vegan sausage roll.
Washington Post   |   Mon, 25 Feb 2019 11:36:29

Varadkar: We'll Either Have a Deal or an Extension

#BREAKING: Ahead of a meeting with Theresa May in Egypt, Taoiseach Leo Varadkar is the most upbeat he's been in while: "On the 29th of March, we'll either have a deal or an extension." #Brexit - Kevin Doyle (@KevDoyle_Indo) February 25, 2019 Taoiseach Leo Varadkar is looking particularly chipper at ...
Hugh Bennett / Guy Fawkes' blog   |   Mon, 25 Feb 2019 11:34:38

May goes to the wire with new Brexit deadline of March 12

Gambit to win fresh concessions dismays business, Europhile MPs and EU leaders
FT   |   Mon, 25 Feb 2019 11:33:43

Ireland would not veto a long Brexit extension - Coveney

Ireland would not veto a British request to extend the Brexit timetable for 21 months but it would prefer to see problems with the current deal resolved, Irish Foreign Minister Simon Coveney said on Monday after a speech at the U.N. Human Rights Council.
Reuters   |   Mon, 25 Feb 2019 11:30:05

Theresa May's job is getting harder by the day

Taking a break from the EU-Arab League summit in Sharm el-Sheikh on Sunday evening, Theresa May was challenged to a quick game of pool by Italian PM Giuseppe Conte. It turns out her pool skills are not much better than her dance moves -- to the delight of people commenting ...
CNN   |   Mon, 25 Feb 2019 11:22:42

Brexit delay: Irish prime minister Varadkar backs 'long extension' to Article 50

Taoiseach says complications caused by extension would be outweighed by economic problems of no-deal
Jon Stone / The Independent   |   Mon, 25 Feb 2019 11:21:00

EU's Juncker had 'good' meeting with UK PM May

European Commission President Jean-Claude Juncker said in Egypt on Monday he had a "good, constructive" meeting with Britain's Prime Minister Theresa May on Brexit on the sidelines of an EU-Arab summit.
Reuters   |   Mon, 25 Feb 2019 11:12:17

Dutch PM Rutte: We are sleepwalking into a no-deal Brexit scenario

Mark Rutte - Prime Minister of the Netherlands, cross the wires in the last hour and sounded sceptical on a Brexit breakthrough. Key quotes: • Not optimistic about May and Juncker finding a new way of handling backstop. • Could accept additional 'interpretation' of what's been agreed in the divorce ...
FX Street   |   Mon, 25 Feb 2019 11:08:42