Brexit News Archive: 26 Feb 2019

EU agrees tough post-Brexit financial services rules

UK groups will have to stick closely to standards in exchange for market access
FT   |   Tue, 26 Feb 2019 22:53:24

GBP/USD rallies to 5-month high as bulls lean on Brexit extension bets

GBP/USD trades near 1.3255 during early Wednesday. The pair recently rallied to 5-month high on delayed Brexit hopes. 1.3365 is likely nearby resistance while 1.3200 may act as immediate support. GBP/USD trades around 1.3255 as traders look to handover to the early Asian session on Wednesday. The pair surged to ...
FX Street   |   Tue, 26 Feb 2019 22:00:43

Macro Morning

By Chris Becker Risk markets remained in a holding pattern overnight with US stocks largely unchanged as Treasury yields and USD moved lower, with Fed Chair Powell's testimony to Senate restating the Reserve's desire to keep rates on hold. The possibility of a Brexit delay sent Pound Sterling zooming, lifting ...
Chris Becker / MacroBusiness   |   Tue, 26 Feb 2019 22:00:05

Iris Dorbian wrote a new post, PE HUB Second Opinion, on the site PE Hub

U.S. Appeals Court rejects Justice Department's antitrust challenge to to AT&T-Time Warner deal. British Prime Minister Theresa May promises UK Parliament a vote to delay Brexit. Elon Musk has until March 11 [...]
peHUB   |   Tue, 26 Feb 2019 20:45:25

Parliament should use a delay to rethink Brexit

A softer withdrawal or a second referendum are the only realistic options
FT   |   Tue, 26 Feb 2019 20:20:23

The factors threatening this tourism season

Alpha Bank warns in a report on tourism in 2019 that the risks associated with the economic slowdown in Greece's main markets, the Brexit uncertainty and concerns over trade wars and geopolitical tensions are leading to travelers from certain countries exhibiting more conservative behavior.
Kathimerini   |   Tue, 26 Feb 2019 20:05:56

Independent Group table second referendum amendment to 'break Brexit gridlock'

'If the Labour leadership supports this amendment, we could make real progress on a People's Vote. Now is the time to put the national interest first'
Ashley Cowburn / The Independent   |   Tue, 26 Feb 2019 20:02:00

Economy could be 9% weaker under no-deal Brexit, government says

Latest no-deal notice forecasts Northern Ireland to be hit hard and food prices likely to rise The government has issued a bleak warning over a no-deal Brexit, estimating the UK economy could be 9% weaker in the long run, businesses in Northern Ireland might go bust and food prices will ...
Lisa O'Carroll Brexit correspondent / Guardian   |   Tue, 26 Feb 2019 19:59:22

Britain ill-prepared for no-deal Brexit, warns Dexeu

Businesses and public failing to take steps to avoid potential disruptions
FT   |   Tue, 26 Feb 2019 19:49:39

Brexit: No-deal impact assessment published

It says there is "little evidence" that businesses are "preparing in earnest for a no-deal scenario".
BBC   |   Tue, 26 Feb 2019 19:47:42

No point in Brexit delay without clear purpose - French fin min

France's finance minister said that if Britain seeks to delay its exit from the European Union without clearly stating why, he would not see the necessity of granting an extension to the negotiating period.
Reuters   |   Tue, 26 Feb 2019 19:37:33

Explainer - How Wednesday's parliamentary Brexit debate will work

British Prime Minister Theresa May will on Wednesday update parliament on her progress towards securing a Brexit deal, giving lawmakers the chance to challenge her approach and vote on alternatives.
Reuters   |   Tue, 26 Feb 2019 19:34:52

May accepts reality and executes Brexit U-turn

PM offers vote on delaying UK departure from EU after pressure from ministers and MPs
FT   |   Tue, 26 Feb 2019 19:27:54

FTSE hurting on Brexit headlines and subsequent sterling strength

London's top flight index, the FTSE 100 closed lower on Tuesday following mixed inputs from a stronger pound to positive tone for the UK economy with respect to Brexit headlines. The FTSE 100 dropped 0.45% to 7,151.12 as sterling surged to its highest level against the euro since May 2017 ...
FX Street   |   Tue, 26 Feb 2019 19:18:24

Brexit planning, Swedbank probe and Italian bank financing

Patrick Jenkins and guests discuss the variety of financial contingency plans UK ban...
FT   |   Tue, 26 Feb 2019 19:16:44

No-Deal Brexit Papers Reveal 'Unprepared' UK Faces Food Shortages And Price Increases

Graeme Demianyk / Huffington Post   |   Tue, 26 Feb 2019 19:12:38

British pound rises as May allows no-deal Brexit vote in Parliament

Seeking Alpha   |   Tue, 26 Feb 2019 18:57:49

Business warns that Brexit delay poses problems

While welcoming parliament say on no-deal, industry groups worry over prolonged "chaos"
FT   |   Tue, 26 Feb 2019 18:52:15

May must explain why she wants Brexit delay - French finance minister

British Prime Minister Theresa May will have to outline exactly why she wishes to delay Britain's exit from the European Union if her parliament demands she do so, France's finance minister said on Tuesday.
Reuters   |   Tue, 26 Feb 2019 18:26:53

Brexit de-escalation? How Wednesday's parliamentary debate will work

British Prime Minister Theresa May will on Wednesday update parliament on her progress toward securing a Brexit deal, giving lawmakers the chance to challenge her approach and vote on alternatives.
Reuters   |   Tue, 26 Feb 2019 18:15:40

Explainer - Brexit de-escalation? How Wednesday's parliamentary debate will work

British Prime Minister Theresa May will on Wednesday update parliament on her progress towards securing a Brexit deal, giving lawmakers the chance to challenge her approach and vote on alternatives.
Reuters   |   Tue, 26 Feb 2019 18:13:17

No-deal Brexit: Nearly third of 'most critical' preparations behind schedule, government admits

Documents add UK citizens are not preparing for a no-deal scenario as it not viewed as a 'sufficiently credible' outcome
Ashley Cowburn / The Independent   |   Tue, 26 Feb 2019 18:08:00

Brexit: Theresa May's U-turn as British MPs are given a choice

May promises parliamentarians will have the last word on whether the UK exits the European Union without a deal.
Al Jazeera   |   Tue, 26 Feb 2019 17:52:23

We are now at the stage of Brexit where Theresa May inflicts her own defeats upon herself

Theresa May said she will herself introduce legislation to let the commons vote to delay Article 50, then told them not to do it. The government is literally defeating itself
Tom Peck / The Independent   |   Tue, 26 Feb 2019 17:48:33

Le Maire says UK must 'explain' any move to defer Brexit

FT   |   Tue, 26 Feb 2019 17:44:54

Brexit: Jeremy Corbyn faces furious backlash from MPs after shifting Labour towards second referendum

Labour leader won plaudits from pro-EU MPs when he ended months of uncertainty by rowing in behind a Final Say vote
Lizzy Buchan / The Independent   |   Tue, 26 Feb 2019 17:42:06

Government Reveals Plans To Prevent Medicine Shortages In Case Of No-Deal Brexit

Jasmin Gray / Huffington Post   |   Tue, 26 Feb 2019 17:36:32

Sterling rally loses some steam as PM May offers Brexit delay choice

Sterling's rally lost some of its momentum on Tuesday after Prime Minister Theresa May offered lawmakers the chance to vote on delaying Brexit, a move investors said would fuel uncertainty in
Reuters, London / Al Arabiya   |   Tue, 26 Feb 2019 17:35:13

Delay to Brexit could mean a 'damaging double cliff-edge'

Businesses face a new June deadline, leaving those preparing for no deal in limbo Delaying Britain's departure from the EU would be better for the economy in the longer term - but the move could also have a damaging impact on firms that have spent two years preparing for a ...
Richard Partington / Guardian   |   Tue, 26 Feb 2019 17:30:25

Brexit: May dodges deadly blow to her premiership after capitulation to remain rebels

The PM has avoided mass-ministerial resignations and a crushing commons defeat but stoked Brexiteer anger
Joe Watts / The Independent   |   Tue, 26 Feb 2019 17:27:00

UK's May must explain why she wants Brexit delay: French finance minister

British Prime Minister Theresa May will have to outline exactly why she wishes to delay Britain's exit from the European Union if her parliament demands she do so, France's finance minister said after a meeting with his Irish counterpart.
Reuters   |   Tue, 26 Feb 2019 17:19:11

May: 'He should vote for a deal, simples'

Aleksandr the Meerkat gets a surprise mention in the Brexit debate when the prime minister uses his catchphrase.
BBC   |   Tue, 26 Feb 2019 17:15:16

A second Brexit referendum is now essential

If democracy means anything, it means a country's right to change its mind
FT   |   Tue, 26 Feb 2019 17:14:59

Despite May's Concessions, Risk Of 'No Deal' Brexit Has Risen: Mizuho

Authored by Peter Chatwell, head of interest rates strategy at Mizuho International The headlines tell us that the Labour party are backing a second referendum, and that the Conservative-led government is probably taking no-deal off the table. Digging into the details and analysing the probabilities tells us a more nuanced ...
Tyler Durden / Zero Hedge   |   Tue, 26 Feb 2019 17:10:00

ScottishPower to spend £2bn in clean energy drive

Investment comes despite uncertainty over Brexit
FT   |   Tue, 26 Feb 2019 17:04:45

May's Brexit deal, no-deal or delay? PM offers MPs a choice

Prime Minister Theresa May on Tuesday offered members of parliament the chance to vote in two weeks for a potentially disorderly no-deal Brexit or to delay Britain's exit from the European Union if her attempt to ratify a divorce agreement fails.
Reuters   |   Tue, 26 Feb 2019 16:49:26

What do people think of May's plan for vote on delaying Brexit?

Prime Minister Theresa May on Tuesday offered lawmakers the chance to vote in two weeks for a potentially disorderly no-deal Brexit or to delay Britain's exit from the European Union if her attempt to ratify a divorce agreement fails.
Reuters   |   Tue, 26 Feb 2019 16:48:56

What are the key dates for Brexit in the weeks ahead?

Theresa May's latest climbdown has set a stage for a series of critical showdowns in the Commons
Rob Merrick / The Independent   |   Tue, 26 Feb 2019 16:41:07

Live FX Analysis - 26 February 2019 (video)

Senior Market Analyst's Craig Erlam discusses this week's key FX market events, including an update on Brexit, and previews the economic calendar. He also gives his analysis on EURUSD, GBPUSD, EURGBP, AUDUSD, USDCAD, GBPCAD, NZDUSD, USDJPY, GBPJPY and EURJPY.
Craig Erlam / OANDA   |   Tue, 26 Feb 2019 16:38:54

Instant View - What do people think of May's plan for vote on delaying Brexit?

Prime Minister Theresa May on Tuesday offered lawmakers the chance to vote in two weeks for a potentially disorderly no-deal Brexit or to delay Britain's exit from the European Union if her attempt to ratify a divorce agreement fails.
Reuters   |   Tue, 26 Feb 2019 16:26:13

Theresa May Admits Brexit May Be Delayed

Washington Post: "May told lawmakers that if Parliament next month rejects her Brexit deal again, the lawmakers will be given a vote on whether to ask the European Union to allow Britain to remain a part of the trading bloc for several more months. May said that if such an ...
Taegan Goddard / Taegan Goddard   |   Tue, 26 Feb 2019 16:24:44

GBP/USD - British pound jumps as parliament to vote (again) on Brexit

GBP/USD has posted considerable gains on Tuesday. In North American trade, the pair is trading at 1.3263, up 1.27% on the day. In economic news, BoE Governor Mark Carney testified at the quarterly inflation report hearings. In the U.S., construction numbers were mixed. CB Consumer Confidence sparkled, with a score ...
Kenny Fisher / OANDA   |   Tue, 26 Feb 2019 16:22:10

Likely no vote on plan to give UK parliament control of Brexit process - MP

One of the authors of a plan to give parliament control of the Brexit process, Conservative lawmaker Oliver Letwin, said the plan would not be voted upon on Wednesday provided ministers confirmed earlier government promises.
Reuters   |   Tue, 26 Feb 2019 16:20:12

UK government puts forward Brexit statement for vote on Wednesday

Britain's parliament will debate and vote on Wednesday on a motion put forward by the government to say that lawmakers have noted Prime Minister Theresa May's statement on Brexit and that negotiations are continuing, her spokesman said.
Reuters   |   Tue, 26 Feb 2019 16:16:56

EUR/GBP drops hard to a fresh low of 0.8569, building case to 0.8541

EUR/GBP is trading at 0.8580 and between a high of 0.8670 and a low of 0.8569. The cross is subjected to Brexit headlines which are mounting towards an extension of Article 50, supporting the pound for the tie being. Sterling has appreciated against G10 currencies and was reaching a 1-month ...
FX Street   |   Tue, 26 Feb 2019 16:07:15

EU could grant Britain short Brexit delay

The European Union would be ready to approve a short Brexit delay should Britain need more time to ensure parliamentary ratification of their divorce agreement, three EU officials said on Tuesday.
Reuters   |   Tue, 26 Feb 2019 16:06:07

PM commits to votes on no-deal Brexit or Brexit delay

Theresa May has promised MPs votes on a no-deal Brexit or a delay to Brexit, if the House of Commons once again rejects her EU withdrawal agreement.
Sky   |   Tue, 26 Feb 2019 16:06:00

BMW says piecemeal Brexit delays 'not good' for its four UK plants

Stop-start approach to Brexit could disrupt UK business, says head of purchasing BMW has said piecemeal delays to Brexit "would not be good" for the carmaker, spelling more uncertainty for its four UK plants. Andreas Wendt, a BMW board member and purchasing chief, said in an interview with the German ...
Lisa O'Carroll Brexit correspondent / Guardian   |   Tue, 26 Feb 2019 16:00:06

May's Brexit deal, no-deal or delay? PM offers lawmakers a choice

Prime Minister Theresa May on Tuesday offered lawmakers the chance to vote in two weeks for a potentially disorderly no-deal Brexit or to delay Britain's exit from the European Union if her attempt to ratify a divorce agreement fails.
Reuters   |   Tue, 26 Feb 2019 15:57:35

Theresa May has bought herself more time on Brexit

Everything now points to a delay of the Article 50 divorce process
FT   |   Tue, 26 Feb 2019 15:57:29

May's Brexit deal, no-deal or delay? British PM offers lawmakers a choice

Prime Minister Theresa May on Tuesday offered lawmakers the chance to vote in two weeks for a potentially disorderly no-deal Brexit or to delay Britain's exit from the European Union if her attempt to ratify a divorce agreement fails.
Reuters   |   Tue, 26 Feb 2019 15:56:33

Instant View: May gives parliament the chance to delay Brexit

Prime Minister Theresa May on Tuesday offered members of parliament the chance to vote in just over two weeks' time on whether to delay Brexit or go for a potentially disorderly no-deal exit from the European Union if her attempt to ratify a divorce deal fails.
Reuters   |   Tue, 26 Feb 2019 15:55:13

No need any more for plan to grant UK parliament control of Brexit: co-author of plan

One of the co-authors of a plan to give parliament control of the Brexit process, Conservative lawmaker Oliver Letwin, said the plan was no longer needed after Prime Minister Theresa May offered votes on a range of options.
Reuters   |   Tue, 26 Feb 2019 15:52:59

Cooper-Letwin Amendment Pulled After May's Brexit Extension Commitment

Very good news. PM statement does what is needed to prevent no deal exit on 29 March and enables MPs to forge cross-party consensus on new way forward if PM's deal does not succeed on 12 March. No need now for Cooper-Letwin Bill. - Oliver Letwin (@oletwinofficial) February 26, 2019 ...
Tom Harwood / Guy Fawkes' blog   |   Tue, 26 Feb 2019 15:51:57

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   |   Tue, 26 Feb 2019 15:35:41

Brexit news - live updates: Theresa May offers MPs chance to vote on delaying Article 50 if no deal agreed with EU

Follow for live updates from Westminster
Benjamin Kentish, Lizzy Buchan / The Independent   |   Tue, 26 Feb 2019 15:32:00

Brexit delay just got more likely after May's announcement

The UK government has announced for the first time that it is considering options to delay Brexit.
CNN   |   Tue, 26 Feb 2019 15:30:58

Jess Phillips Slams Government's 'Complete And Utter Lack Of Bravery' Over Brexit

Jasmin Gray / Huffington Post   |   Tue, 26 Feb 2019 15:22:46

Brexit liquidity is a go, but cui bono?

The BoE's actions make it much easier to obtain sterling liquidity against fairly rubbish euro-denominated assets.
FT   |   Tue, 26 Feb 2019 15:19:51

Best For Britain Begging CEOs for £500,000 of Corporate 'Dark Money' to Stop Brexit

Guido can reveal that the hardcore anti-Brexit campaign founded by Gina Miller, Best for Britain, have been sending around a begging letter in the name of arch-elitist Lord Malloch-Brown to various FTSE CEOs in the hope of raising a staggering £500,000 in the next weeks. You read that right - ...
Hugh Bennett / Guy Fawkes' blog   |   Tue, 26 Feb 2019 15:08:57

Legal changes to the Brexit deal? Four examples when the EU revisited deals they had already signed off

In a new briefing, Open Europe's Dominic Walsh examines previous occasions when the EU has shown flexibility to facilitate the domestic ratification of a contentious treaty, and argues something similar is needed now on the backstop. The post Legal changes to the Brexit deal? Four examples when the EU revisited ...
Dominic Walsh / Open Europe   |   Tue, 26 Feb 2019 15:03:38

EU lawmaker: Britain must seek Brexit delay if deal not approved on March 12

Britain will have to ask the European Union to delay Brexit if their divorce agreement is not ratified by the House of Commons on March 12, said an EU lawmaker who deals with Brexit.
Reuters   |   Tue, 26 Feb 2019 15:02:36

EU could grant Britain short Brexit delay: officials

The European Union would be ready to approve a short Brexit delay should Britain need more time to ensure parliamentary ratification of their divorce agreement, three EU officials said on Tuesday.
Reuters   |   Tue, 26 Feb 2019 15:01:43

Britain's Theresa May promises to let parliament vote on Brexit delay

Times of India   |   Tue, 26 Feb 2019 14:56:40

Brexit may clip wings of UK game shooters

It may be a lesser consequence of Brexit, but Britain's shooting parties may find themselves short of pheasants and partridges to kill next season if transport delays prevent chicks being imported from France, game exporters say.
Reuters   |   Tue, 26 Feb 2019 14:48:33

Pound rallies as May offers to delay Brexit

Volatile run takes China stocks off 8-month high, Wall St and European bourses slip
FT   |   Tue, 26 Feb 2019 14:37:03

Brexit Dilution Lifts Sterling, While Yesterday's Equity Rally Fades, Powell Awaited

Seeking Alpha   |   Tue, 26 Feb 2019 14:28:49

Brexit vote next week? More meetings make it difficult to say: UK PM's spokesman

British ministers and officials are holding more meetings with the European Union to find a way to make changes to the Brexit deal, so it is not clear whether a new vote will take place next week, Prime Minister Theresa May's spokesman said on Tuesday.
Reuters   |   Tue, 26 Feb 2019 14:22:34

Banks given extra funds to calm nerves if UK crashes out of EU

BoE governor calls it 'normal contingency planning' and warns of lower GDP forecast under no-deal Brexit Banks will gain access to additional Bank of England funds from next month to prevent a financial shock should the UK quit the European Union without a deal. While it remained unclear whether the ...
Phillip Inman / Guardian   |   Tue, 26 Feb 2019 14:17:40

Brexit vote next week? More meetings make it difficult to say - PM's spokesman

British ministers and officials are holding more meetings with the European Union to find a way to make changes to the Brexit deal, so it is not clear whether a new vote will take place next week, Prime Minister Theresa May's spokesman said on Tuesday.
Reuters   |   Tue, 26 Feb 2019 14:17:39

When political leaders choose catastrophe - how Europe walked willingly into World War I

Some political catastrophes come without warning. Others are long foretold, but governments still walk open-eyed into disaster. As the possibility of a no-deal Brexit looms, most analysts agree that there will be severe economic and political consequences for the UK and the EU. And yet a no-deal Brexit still remains ...
William Mulligan, Professor, School of History, University College Dublin / The Conversation   |   Tue, 26 Feb 2019 14:12:25

Vauxhall says it won't shy away from the 'dark side' in no-deal Brexit

Chief executive issues warning of 'unpopular decisions' including factory closures The chief executive of Vauxhall owner PSA Group said the carmaker would not shy away from unpopular decisions, including shutting factories, if there is a no-deal Brexit. Carlos Tavares said PSA has built up stockpiles of parts and products in ...
Jasper Jolly / Guardian   |   Tue, 26 Feb 2019 14:12:06

Is This The Break?

British PM Theresa May has announced today that if her latest Brexit proposal fails Parliament will vote on delaying Brexit...
Josh Marshall / TPM   |   Tue, 26 Feb 2019 14:04:39

Brexit as symptom

Simon says that Brexit is a "symptom of a deeper malaise" - of a dysfunctional political-media system that gave us economically illiterate austerity. I agree that austerity caused Brexit, not least because as Ben Friedman has shown, stagnant incomes make...
chris / Stumbling and Mumbling   |   Tue, 26 Feb 2019 14:04:26

Bank of England ready to cut rates in event of chaotic Brexit

Governor Mark Carney confirms shift in stance in evidence to MPs
FT   |   Tue, 26 Feb 2019 14:03:00

UK PM May: Have not been discussing Brexit delay with EU members

British Prime Minister Theresa May just recently told lawmakers that she has not been discussing a possible delay to Brexit with the EU members. "People who voted to leave the EU are rightly questioning how long it has taken," PM May said and reiterated that they would only leave without ...
FX Street   |   Tue, 26 Feb 2019 14:01:37

May Punts Brexit To Parliament; Lawmakers To Choose Between Delay Or No EU Deal

LONDON (AP) - British Prime Minister Theresa May bowed to intense political pressure Tuesday and handed control of Brexit to...
Cristina Cabrera / TPM   |   Tue, 26 Feb 2019 13:58:06

Theresa Meerkat Tells MPs To Back Her Brexit Deal - 'Simples'

Ned Simons / Huffington Post   |   Tue, 26 Feb 2019 13:52:59

EU could grant Britain short Brexit delay: two officials

Two European Union officials on Tuesday offered early positive reaction to British Prime Minister Theresa May's suggestion of a possible short delay to Britain's departure from the bloc.
Reuters   |   Tue, 26 Feb 2019 13:52:55

U.K. Parliament Will Decide Between No Deal Brexit or Delay

Britain is due to leave the EU on March 29
JILL LAWLESS and DANICA KIRKA/ AP / Time   |   Tue, 26 Feb 2019 13:49:48

EU official: If Britain requests Brexit delay, EU would consider it favourably

An EU official recently crossed the news wires saying that the EU would consider it favourably if the UK were to request to postpone Brexit. "A Brexit delay of a couple of months would be relatively straight forward," the official added. Earlier in the session, PM May told Parliament that ...
FX Street   |   Tue, 26 Feb 2019 13:47:22

May says EU is working to resolve Northern Irish backstop issue

British Prime Minister Theresa May said on Tuesday that European Union leaders have told her they are working on resolving the issue of the so-called Northern Irish backstop to pave the way for a Brexit deal.
Reuters   |   Tue, 26 Feb 2019 13:46:50

UK's May says EU is working to resolve Northern Irish backstop issue

British Prime Minister Theresa May said on Tuesday that European Union leaders have told her they are working on resolving the issue of the so-called Northern Irish backstop to pave the way for a Brexit deal.
Reuters   |   Tue, 26 Feb 2019 13:46:21

Labour's Jeremy Corbyn calls for public vote on final Brexit deal

Opposition leader supports second referendum if agreement is passed
FT   |   Tue, 26 Feb 2019 13:45:02

UK PM May gives parliament the chance to delay Brexit

Prime Minister Theresa May on Tuesday offered lawmakers the chance to vote in just over two weeks time on whether to delay Brexit or go for a potentially disorderly no-deal exit from the European Union if her attempt to ratify a divorce deal fails.
Reuters   |   Tue, 26 Feb 2019 13:43:50

No-deal Brexit or short delay? May offers MPs a choice

Prime Minister Theresa May on Tuesday offered members of parliament the chance to vote in just over two weeks time on whether to delay Brexit or go for a potentially disorderly no-deal exit from the European Union if her attempt to ratify a divorce deal fails.
Reuters   |   Tue, 26 Feb 2019 13:39:28

Theresa May acknowledges Brexit could be delayed

British Prime Minister Theresa May acknowledged Tuesday that the U.K.'s exit from the European Union could be delayed, The Washington Post reports . If lawmakers reject her Brexit plan in a March 12 vote, they will be allowed to vote on requesting to delay Brexit from late March until at ...
The Week   |   Tue, 26 Feb 2019 13:39:19

Theresa May opens way to Brexit delay

Prime minister says if meaningful vote fails, MPs will have choice of no-deal or extension
FT   |   Tue, 26 Feb 2019 13:38:19

DUP cannot back Brexit deal without "legally watertight" way out of backstop: Dodds

The Northern Irish party which props up Prime Minister Theresa May's minority government cannot support any Brexit deal that does not have a way out of the so-called Irish backstop, its deputy leader Nigel Dodds said on Tuesday.
Reuters   |   Tue, 26 Feb 2019 13:37:26

May faces growing calls to delay Brexit

Prime Minister Theresa May faced mounting pressure Tuesday from her own government to delay Brexit after the main opposition Labour Party raised the prospect of ...
No Author / Japan Times   |   Tue, 26 Feb 2019 13:25:19

Sterling Finds Support On Brexit Delay Talk

Seeking Alpha   |   Tue, 26 Feb 2019 13:21:48

Theresa May offers vote on Brexit extension

PM says no-deal cannot be taken off the table
FT   |   Tue, 26 Feb 2019 13:21:39

GBP: Market becoming confident that Brexit would be delayed - Rabobank

Jane Foley, senior FX strategist at Rabobank, points out that the UK pound has seen further gains in today's session in addition the last Friday's surge as perceived risks regarding the prospect of a no deal Brexit have strengthened further. Key Quotes "Friday's move in the pound was sparked by ...
FX Street   |   Tue, 26 Feb 2019 13:20:36

Britain's May says changes to Brexit deal will be put to parliament

British Prime Minister Theresa May said on Tuesday that any changes to the divorce deal with the European Union would be put before parliament ahead of any vote on a Brexit agreement.
Reuters   |   Tue, 26 Feb 2019 13:19:31

British PM says parliament can vote on any Brexit delay

If those two options are rejected the government would put forward "a motion on whether parliament wants to see a short, limited extension to Article 50," May said, adding that any delay could only be until the end of June.
Times of India   |   Tue, 26 Feb 2019 13:19:28

Brexit: Greek Foreign Ministry launches Q&A website for UK nationals

The Greek Foreign Ministry has launched a website dedicated to the rights of UK citizens in case of a Brexit with or without a deal. The side Brexit Greece Gets Prepared Q & A addresses several crucial issues, like the need for a visa for short-term and long-term visitors,, residence ...
keeptalkinggreece / Keep Talking Greece   |   Tue, 26 Feb 2019 13:16:12

Text: UK PM May's statement to parliament on Brexit

Prime Minister Theresa May on Tuesday offered lawmakers the chance to vote in just over two weeks time on whether to delay Brexit or go for a potentially disorderly no-deal exit from the European Union if her attempt to ratify a divorce deal fails. [L5N20L1KU]
Reuters   |   Tue, 26 Feb 2019 13:11:12

May's Brexit deal should be put to 'confirmatory public vote' - Corbyn

If Prime Minister Theresa May's Brexit deal is approved by parliament it should be put to a public vote, opposition Labour leader Jeremy Corbyn said on Tuesday.
Reuters   |   Tue, 26 Feb 2019 13:10:46

Unpalatable news? UK faces pallet crisis if there is no-deal Brexit

Ministers hold emergency talks after they realise UK has shortage of the right pallets The government is holding emergency talks with distributors after realising that the UK has a dire shortage of the "right sort" of pallets to import and export goods in the event of a no-deal Brexit. The ...
Rupert Neate / Guardian   |   Tue, 26 Feb 2019 13:08:37

Grexit lessons for Brexit

Greek former finance minister says incompetence and ignorance are common themes
FT   |   Tue, 26 Feb 2019 13:07:45

May's Brexit deal should be put to 'confirmatory public vote': Labour's Corbyn

If Prime Minister Theresa May's Brexit deal is approved by parliament it should be put to a public vote, opposition Labour leader Jeremy Corbyn said on Tuesday.
Reuters   |   Tue, 26 Feb 2019 13:06:37

May to offer MPs chance to delay Brexit

CNN   |   Tue, 26 Feb 2019 13:05:49

No-deal Brexit or 'short' delay? British PM May offers lawmakers a choice

Prime Minister Theresa May on Tuesday offered lawmakers the chance to vote in just over two weeks time on whether to delay Brexit or go for a potentially disorderly no-deal exit from the European Union if her attempt to ratify a divorce deal fails.
Reuters   |   Tue, 26 Feb 2019 13:02:39

Brexit: Luxembourg says UK could nominate MEPs to facilitate new referendum

The European Union should back any decision by Britain to hold a second Brexit referendum and could ease the path by allowing it to nominate MEPs rather than participate in May's European Parliament elections, Luxembourg's foreign minister said.
Reuters   |   Tue, 26 Feb 2019 12:59:37

Theresa May Reneges on Commitment to Leave on 29th March

Despite countless commitments to leave on 29th March 2019, Theresa May today explicitly said she would give Parliament the power to delay Brexit beyond then. The timetable she set out is as follows: Tuesday 12th March: Meaningful Vote Wednesday 13th March: No Deal Vote Thursday 14th March: Extending Article 50 ...
Tom Harwood / Guy Fawkes' blog   |   Tue, 26 Feb 2019 12:58:44

May says credibility of democracy at stake in delivering Brexit

The government must honor Britain's decision to leave the European Union, Prime Minister Theresa May said on Tuesday.
Reuters   |   Tue, 26 Feb 2019 12:58:14

May says Brexit extension will not remove chance of no-deal

Prime Minister Theresa May said on Tuesday any extension to the Brexit negotiating two-year period would not take the option of Britain leaving without a deal off the table, instead it would create a "much sharper cliff edge".
Reuters   |   Tue, 26 Feb 2019 12:57:55

Theresa May to offer MPs no-deal Brexit vote

Theresa May to propose Commons votes on no-deal Brexit and Brexit delay, if MPs reject her plan next month.
BBC   |   Tue, 26 Feb 2019 12:57:11

Theresa May clears the way for Brexit delay

The prime minister said 'an extension cannot take no deal of the table.'
Charlie Cooper / Politico   |   Tue, 26 Feb 2019 12:52:15

Ruling out no deal will harm divorce deal prospects: DUP lawmaker

Taking a no-deal Brexit off the table will harm Prime Minister Theresa May's prospects of reaching an acceptable divorce deal with the European Union, a senior member of the Northern Irish party propping up her government said on Tuesday.
Reuters   |   Tue, 26 Feb 2019 12:51:34

EU warns UK faces years-long wait for post-Brexit data deal

Officials had privately expected deal could be struck in months as UK is GDPR compliant
FT   |   Tue, 26 Feb 2019 12:49:31

Brexit latest: May forced to give MPs vote on delaying EU exit in humiliating climbdown

Prime minister bows to pressure to allow the Commons to decide on extending Article 50 - to head off mass ministerial resignations
The Independent   |   Tue, 26 Feb 2019 12:46:00

Capital Markets Generally Mournful and Reflective, Equities Fall Like Cherry Blossoms In Gentle Spring Rain

From Marc to Market: Brexit Dilution Lifts Sterling, while Yesterday's Equity Rally Fades, Powell Awaited Overview: The increased likelihood that Brexit is delayed and the possibility of a second referendum is helping lift sterling. As has been the case for most of the time since the June 2016 referendum, the ...
climateer / Climateer Investing   |   Tue, 26 Feb 2019 12:44:00

Theresa May Reveals MPs Will Get Chance To Delay Brexit If Commons Rejects Her Plans

Paul Waugh / Huffington Post   |   Tue, 26 Feb 2019 12:43:28

Brexit FAQs for Britons in Greece answered on new website

The Ministry of Foreign Affairs has unveiled a special website dedicated to the impact of Britain's exit from the European Union on UK nationals living in Greece or planning to travel to the country.
Kathimerini   |   Tue, 26 Feb 2019 12:43:12

Bank of England likely to help economy after no-deal Brexit: Carney

Bank of England Governor Mark Carney said on Tuesday the BoE would probably give more support to the economy if it suffers the shock of a no-deal Brexit, but that the options available to the British central bank would be limited.
Reuters   |   Tue, 26 Feb 2019 12:37:38

Pound Hits 18-Month High As May Opens Door To Brexit Delay

Update: Cable retraced some of its gains after May told Parliament that she would hold a series of votes on her 'Plan B' Brexit deal, a measure to take 'no deal' off the table, and possibly a third vote on whether to ask for an extension of Article 50 if ...
Tyler Durden / Zero Hedge   |   Tue, 26 Feb 2019 12:32:59

Why Corbyn's second referendum announcement changes everything - even if he's still lukewarm

Qualified, tempered, cautious. As ever with Jeremy Corbyn and Europe, his announcement that the Labour Party would support a new public vote on Brexit is not straightforward. Yes, Labour would support a new vote, but only after it has put a motion on its own Brexit plan forward for a ...
Andy Price, Head of Politics, Sheffield Hallam University / The Conversation   |   Tue, 26 Feb 2019 12:14:25

Experts debate the Brexit outlook: 'Stand by for gale-force winds'

Two former members of Bank of England's rate-setting committee assess the economic future Brexit uncertainty slows economy and raises risk of job losses How has Brexit vote affected the UK economy? February verdict Independent business economist and member of the Bank of England's monetary policy committee (MPC) from 2006 to ...
Guardian   |   Tue, 26 Feb 2019 12:13:09

Brexit uncertainty slows economy and raises risk of job losses

Latest Guardian analysis shows companies shutting plants and pausing investment Experts debate the Brexit outlook: 'Stand by for gale-force winds' How has Brexit vote affected the UK economy? February verdict Brexit gridlock has dragged the UK economy close to stalling point as growing numbers of companies pause their spending plans, ...
Richard Partington / Guardian   |   Tue, 26 Feb 2019 12:13:01

How has Brexit vote affected the UK economy? February verdict

Each month we look at key indicators to see what effect the Brexit process has on growth, prosperity and trade Brexit uncertainty slows economy and raises risk of job losses Experts debate the Brexit outlook: 'Stand by for gale-force winds' Continue reading...
Richard Partington / Guardian   |   Tue, 26 Feb 2019 12:12:53

Sterling higher on Brexit hopes

Pound soaring on soft Brexit hopes or new referendum The pound is tearing higher on Tuesday as we await another vote in Parliament tomorrow - albeit not on May's deal, again. The decision comes as the opposition Labour Party threw its support behind a second referendum if it couldn't get ...
Craig Erlam / OANDA   |   Tue, 26 Feb 2019 12:11:24

Watch Theresa May's Brexit Statement Live From The House Of Commons

Harriet Grecian / Huffington Post   |   Tue, 26 Feb 2019 11:59:40

Rich getting richer while poor get poorer, official figures show - with 'Brexit and benefits freeze to blame'

Incomes of richest fifth of households grow by 4.7 per cent - while poorest fifth of households suffer a 1.6 per cent fall
Rob Merrick / The Independent   |   Tue, 26 Feb 2019 11:58:40

May proposes votes on no-deal exit and Brexit delay if her deal rejected - Telegraph

British Prime Minister Theresa May is proposing that parliament votes on whether to leave the European Union without a deal or delay Brexit if her exit deal fails to win parliamentary approval, a Daily Telegraph reporter said on Twitter.
Reuters   |   Tue, 26 Feb 2019 11:49:54

May to rule out no-deal Brexit to stave off rebellion: media reports

British Prime Minister Theresa May will on Tuesday propose formally ruling out a no-deal Brexit in a bid to avoid a rebellion by lawmakers, who are threatening to grab control of the divorce process, The Sun and Daily Mail newspapers reported.
Reuters   |   Tue, 26 Feb 2019 11:48:09

MUFG: Brexit to remain in focus this week

MUFG analysts are expecting that the main focal point for markets this week will be on Wednesday's votes in UK parliament on fresh Brexit amendments. Key Quotes "Most notably, the updated Cooper-Letwin amendment which seeks to force the government to extend Article 50 if they can't pass a Brexit deal ...
FX Street   |   Tue, 26 Feb 2019 11:47:18

UK PM May proposes votes on no-deal exit and Brexit delay if her deal rejected: Telegraph

British Prime Minister Theresa May is proposing that parliament votes on whether to leave the European Union without a deal or delay Brexit if her exit deal fails to win parliamentary approval, a Daily Telegraph reporter said on Twitter.
Reuters   |   Tue, 26 Feb 2019 11:46:38

Extending Brexit date just 'kicking can down the road' - DUP

A decision to extend Britain's scheduled exit date from the European Union next month would "just be kicking the can down the road," a spokeswoman for the Northern Irish party propping up Prime Minister Theresa May's government said on Tuesday.
Reuters   |   Tue, 26 Feb 2019 11:42:33

Summary of Governor Mark Carney comments at Inflation report parliamentary hearing

The Bank of England governor Mark Carney said during the Treasury Select Committee's February Inflation Report on February 26: Given the exceptional circumstances of Brexit, I would expect the Monetary Policy Committee (MPC) to provide whatever monetary support it can consistent with the price stability remit. In no-deal Brexit scenarios, ...
FX Street   |   Tue, 26 Feb 2019 11:39:03

Pound rises amid Brexit delay speculation

Sterling hits to a 21-month against the euro as markets price in a possible Article 50 extension.
BBC   |   Tue, 26 Feb 2019 11:38:03

Theresa May moves towards possible Brexit delay

FT   |   Tue, 26 Feb 2019 11:37:40

Senior German Social Democrat backs Labour call for 2nd Brexit referendum

A senior member of Germany's Social Democrats (SPD) said on Tuesday that he backed a call by Britain's Labour Party to hold a second Brexit referendum, adding that such a vote could prevent Britain exiting the EU chaotically without a deal.
Reuters   |   Tue, 26 Feb 2019 11:35:07

Senior German Social Democrat backs Labour call for second Brexit referendum

A senior member of Germany's Social Democrats (SPD) said on Tuesday that he backed a call by Britain's Labour Party to hold a second Brexit referendum, adding that such a vote could prevent Britain exiting the EU chaotically without a deal.
Reuters   |   Tue, 26 Feb 2019 11:33:39

Brexit: EU Parliament socialist group leader welcomes Labour's backing for second referendum

Udo Bullmann says policy shift is 'the announcement we have been waiting for'
Jon Stone / The Independent   |   Tue, 26 Feb 2019 11:32:00

GBP/USD Technical Analysis: Retreats from 4-1/2 month tops amid slightly overbought conditions

• The pair continued gaining strong positive traction the mid-European session on Tuesday and climbed further beyond the 1.3200 handle, hitting the highest level since mid-October. • Hope for either a Brexit extension or that the UK PM May might rule out a no-deal Brexit outcome turned out to be ...
FX Street   |   Tue, 26 Feb 2019 11:27:59

What Brexit means for future of the Common Travel Area between Ireland and the UK

Semmick Photo/Shutterstock They've done it. The UK and Ireland have agreed on something Brexit-related, written it down, and finalised it. Alas, the UK-EU withdrawal agreement remains mired in controversy, but that shouldn't distract from the important stepping stones being put in place regarding the Common Travel Area between the UK ...
Ben Warwick, Lecturer in Law, University of Birmingham / The Conversation   |   Tue, 26 Feb 2019 11:18:05

UK finance sector ready for any type of Brexit: minister

Britain's financial sector will continue to function properly whatever form Brexit takes, a junior minister said on Tuesday, though the head of an industry body said it would back proposals to avert Britain leaving the EU without a withdrawal deal.
Reuters   |   Tue, 26 Feb 2019 11:14:11

Brexit Dilution Lifts Sterling, while Yesterday's Equity Rally Fades, Powell Awaited

Overview: The increased likelihood that Brexit is delayed and the possibility of a second referendum is helping lift sterling. As has been the case for most of the time since the June 2016 referendum, the prospects of a softer and/or later Brexit is understood as sterling positive. The other key ...
Marc Chandler / Marc to Market   |   Tue, 26 Feb 2019 11:10:32

Brexit News Archive: 26 Feb 2019     |     enquire