Brexit News Archive: 08 Mar 2019

Hammond sees more spending, tax cuts if Brexit deal done - FT

Chancellor Philip Hammond said he would be able to free up billions of pounds in extra public spending or tax cuts if the country can resolve its Brexit impasse, the Financial Times said on Friday.
Reuters   |   Fri, 8 Mar 2019 22:34:58

Brexit casts cloud over British holiday plans

Bookings to France are down while older travellers have health coverage worries
FT   |   Fri, 8 Mar 2019 22:00:25

GBP/USD Pound Fails to Capitalize on Dollar Stumble Ahead of Brexit Votes

The US dollar is lower against most majors pairs on Friday after a massive miss in the U.S. non farm payrolls (NFP) report. The US economy only added 20,000 jobs when the forecast was calling for 180,000. Weather factors and for the most part the government shutdown had a lot ...
Alfonso Esparza / OANDA   |   Fri, 8 Mar 2019 21:59:31

Week ahead: Brexit vote, US economy, Tesla Model Y

FT   |   Fri, 8 Mar 2019 21:49:59

Billions on offer by backing May's Brexit deal, says Hammond

'Insurance fund' boost for public services as chancellor urges Tories to support PM
FT   |   Fri, 8 Mar 2019 21:30:25

UK week ahead: Key Brexit votes and some data - Danske Bank

Next week in the UK, the critical event will be related to Brexit with key votes at the Parliament. According to analysts from Danske Bank, the most likely scenario is a rejection to May's plan and an extension of Article 50. Key Quotes: "Everything is about the three key Brexit ...
FX Street   |   Fri, 8 Mar 2019 20:54:29

Arron Banks broke agreement to suspend Brexit campaigning after Jo Cox murder, investigation finds

Leave.EU team told to 'up the spend' on Facebook and 'press it harder", emails obtained by Channel 4 reveal - the morning after the killing
Rob Merrick / The Independent   |   Fri, 8 Mar 2019 19:31:23

Michel Barnier moves to head off Brexit 'blame game'

In a series of tweets, the Brexit negotiator lays out proposals put to the UK in recent days.
Charlie Cooper, Jacopo Barigazzi, Lili Bayer / Politico   |   Fri, 8 Mar 2019 18:59:10

Northern Ireland's DUP - Barnier's Brexit proposal 'neither realistic nor sensible'

European Union chief Brexit negotiator Michel Barnier's proposal giving Britain the unilateral right to leave the customs union is "neither realistic nor sensible", the deputy head of Northern Ireland's Democratic Unionist Party said on Friday.
Reuters   |   Fri, 8 Mar 2019 18:37:09

Corbyn says Labour would back another Brexit vote to 'prevent disaster'

FT   |   Fri, 8 Mar 2019 18:32:39

The Guardian view on ending austerity: it needs to happen | Editorial

Whatever the form Brexit eventually takes, there will need to be more public spending to repair the fraying fabric of the British state When a headteacher pops up on the nation's flagship radio news programme to say that cuts have left her scrubbing school toilets and serving lunch to pupils, ...
Editorial / Guardian   |   Fri, 8 Mar 2019 18:30:04

UK Brexit minister: no time to 'rerun old arguments' on Irish backstop

Britain's Brexit minister Stephen Barclay said now was not the time to rerun old arguments, in response to proposals put forward by the chief EU negotiator Michel Barnier on the contentious Irish backstop.
Reuters   |   Fri, 8 Mar 2019 18:29:04

Brexit minister - no time to 'rerun old arguments' on Irish backstop

Brexit minister Stephen Barclay said now was not the time to rerun old arguments, in response to proposals put forward by the chief EU negotiator Michel Barnier on the contentious Irish backstop.
Reuters   |   Fri, 8 Mar 2019 18:24:13

EU's Barnier makes last ditch Brexit offer, Britain 'not impressed'

The European Union can give Britain the unilateral right to leave their customs union after Brexit, chief negotiator Michel Barnier said on Friday in a bid to push their divorce deal over the line in the divided British parliament.
Reuters   |   Fri, 8 Mar 2019 18:13:03

Brexit: Corbyn tells May it is 'the end of the road' for her deal if she suffers Commons defeat next week

Prime minister has not ruled out a third 'meaningful vote' - but Labour leader insists: 'There can be no more playing for time'
Rob Merrick / The Independent   |   Fri, 8 Mar 2019 18:08:00

DUP sources describe Barnier offer as 'non-starter': Sky News

Proposals from the European Union's chief Brexit negotiator Michel Barnier that would give Britain the unilateral right to leave the customs union are a a Sky News reporter cited sources in the Democratic Unionist party as saying on Friday.
Reuters   |   Fri, 8 Mar 2019 18:04:18

UK 'not impressed by Barnier's tweets' on Irish backstop - government source

Britain was "not impressed" by proposals from the European Union's chief Brexit negotiator Michel Barnier saying the bloc was ready to give Britain the unilateral right to leave the customs union, a British government source said on Friday.
Reuters   |   Fri, 8 Mar 2019 17:53:06

Judge Crushes Remainers' Claims that Referendum Result is Invalid

In the froth of the last few weeks, the hapless antics of the tiny remaining cabal of diehard anti-Brexit lawyers have almost been overlooked, as yet another legal challenge to Brexit was crushed. Jessica Simor QC was judged wrong on more or less every argument she tried to make as ...
Hugh Bennett / Guy Fawkes' blog   |   Fri, 8 Mar 2019 17:47:51

What's Happening In Brexit Next Week?

Lisa Golden / Huffington Post   |   Fri, 8 Mar 2019 17:37:54

Brexit and China dominate earnings calls

Traders turning to algorithms to scrap calls for key words to gain an edge
FT   |   Fri, 8 Mar 2019 17:34:01

'Non-starter': EU proposals over Irish backstop rejected

The UK has thrown out the EU's latest attempt to break the Brexit deadlock over the Irish backstop and accused Brussels of trying to "rerun old arguments".
Sky   |   Fri, 8 Mar 2019 17:27:00

GBP/USD Technical Analysis: Cable breaks below the 1.3000 figure on Brexit news

GBP/USD daily chart GBP/USD is pulling back down to its 50 and 200-day simple moving averages (SMAs). EU's Brexit offer said to have already been rejected by UK. GBP/USD 4-hour chart GBP/USD broke below its main SMAs suggesting negative momentum in the medium-term. GBP/USD 30-minute chart GBP/USD is trading below ...
FX Street   |   Fri, 8 Mar 2019 17:26:26

Market chatter: EU's Brexit offer said to have already been rejected by UK

Several news outlets have recently reported that the European Union's Brexit offer has been already rejected by the UK. With the initial market reaction to this headline, the GBP/USD pair is testing the 1.30 mark, losing more than 80 pips on the day. On a similar note, "Offer promises legal ...
FX Street   |   Fri, 8 Mar 2019 17:18:16

Under which conditions would the EU27 agree to an Article 50 extension?

In a country-by-country guide, Open Europe's Anna Nadibaidze looks at possible reasons for which the EU27 would agree to a Brexit delay. The post Under which conditions would the EU27 agree to an Article 50 extension? appeared first on Open Europe .
Anna Nadibaidze / Open Europe   |   Fri, 8 Mar 2019 17:16:43

Arron Banks Told Leave.EU To 'Keep Pumping' Brexit Ads In Wake Of Jo Cox Murder, Probe Claims

Jasmin Gray / Huffington Post   |   Fri, 8 Mar 2019 17:15:27

EU's Barnier offers Britain 'unilateral exit' from customs union after Brexit

The European Union is ready to give Britain the unilateral right to leave the bloc's customs union, chief negotiator Michel Barnier said on Friday, in a bid to make the Brexit deal acceptable to the UK parliament.
Reuters   |   Fri, 8 Mar 2019 17:09:45

No-deal Brexit threat to 'billions of pounds' of chemicals

A legal loophole means chemical imports used in manufacturing may be halted, a trade body warns.
BBC   |   Fri, 8 Mar 2019 17:02:53

UK Foreign Secretary: Brexit Won't Crush Oil Industry

Jeremy Hunt, the UK's Foreign Secretary assured the oil and gas industry that Brexit will not wreak havoc on it despite mounting concerns across industries that the country's exit from the European Union will have devastating consequences. Energy Voice quotes Hunt as saying local oil and gas businesses had the ...
Irina Slav / Oil Price   |   Fri, 8 Mar 2019 17:00:00

Brexit: EU says Britain can leave backstop but Northern Ireland must stay

The EU has rejected British demands for a major overhaul of the Brexit deal - instead tabling an offer likely to be unacceptable to Theresa May's allies.
Jon Stone / The Independent   |   Fri, 8 Mar 2019 16:49:00

No majority in British parliament for second Brexit referendum: Reuters analysis

There is no majority in Britain's parliament in favor of holding a second Brexit referendum, according to a Reuters analysis of public comments made by lawmakers.
Reuters   |   Fri, 8 Mar 2019 16:43:55

EU's Barnier offers Britain unilateral exit from customs union

The European Union's chief Brexit negotiator Michel Barnier on Friday said Brussels was ready to offer Britain a unilateral exit from the bloc's customs union while maintaining the other elements of the Irish backstop.
Reuters   |   Fri, 8 Mar 2019 16:43:31

EU Offers 'Unilateral' Exit From UK-Wide Brexit Backstop

Ned Simons / Huffington Post   |   Fri, 8 Mar 2019 16:42:21

Dutch PM Rutte says path to Brexit breakthrough unclear

Dutch Prime Minister Mark Rutte said the path to a breakthough on Brexit remained elusive, and he did not know what his British counterpart Theresa May meant when she said on Friday that only "one more push" was needed to reach a deal.
Reuters   |   Fri, 8 Mar 2019 16:39:25

EU's Barnier: Will continue working to ensure UK leaves EU with an agreement

The European Union's Chief Brexit Negotiator Michel Barnier has recently tweeted out his briefing to the EU27 ambassadors on the ongoing Brexit talks with the UK. The arbitration panel can already, under Article 178 WA, give UK the right to a proportionate suspension of its obligations under the backstop, as ...
FX Street   |   Fri, 8 Mar 2019 16:19:14

MPs Could Delay Bid To Secure Fresh Brexit Referendum

Arj Singh / Huffington Post   |   Fri, 8 Mar 2019 16:18:32

GBP/USD drops to 2-week near 1.3000 despite USD weakness

Brexit headlines weigh on the British pound on Friday. February nonfarm payroll data from the U.S. disappoint. US Dollar Index remains on track to post its highest weekly close of 2019. Although the dismal job market data from the U.S. put the greenback under pressure in the NA session on ...
FX Street   |   Fri, 8 Mar 2019 16:13:46

A hundred paces in front of the open Grimsby ocean, Theresa May finally ran out of road

The prime minister has already missed her last chance to save her Brexit deal. This was her last chance to blame somebody else
Tom Peck / The Independent   |   Fri, 8 Mar 2019 16:13:00

EUR/GBP recovers from the dovish ECB meeting and hits 3-day highs

Pound turns volatile ahead of critical Brexit week. EUR/GBP erases weekly losses, back above the 0.8600 zone. The EUR/GBP pair accelerated to the upside during the US session on the back of a decline of the pound across the board, that took place during the London fix. After hitting a ...
FX Street   |   Fri, 8 Mar 2019 16:10:37

Brexit news latest: DUP dismisses Michel Barnier proposal as Theresa May says EU withdrawal could be cancelled if deal rejected

Follow all the latest updates live
Adam Forrest, Ashley Cowburn, Lizzy Buchan / The Independent   |   Fri, 8 Mar 2019 16:10:00

Ready, steady, hang on. Brexit moves on hold

"Will more than half your European clients be in the 27 remaining EU member countries after Brexit? OK, you need to move to Frankfurt."
IFR   |   Fri, 8 Mar 2019 16:00:00

DUP says Brexit deal only possible with fresh approach from EU

Britain may yet secure agreement on the terms of its exit from the European Union that are acceptable to the British parliament, but this will require a "fresh approach" from the EU and Ireland, the Democratic Unionist Party said on Friday.
Reuters   |   Fri, 8 Mar 2019 15:36:14

'Just one more push' to get Brexit, May urges EU

Prime Minister Theresa May urged the European Union on Friday to make "just one more push" to break the deadlock over Brexit by offering her changes to a deal to help persuade Britain's deeply divided parliament to approve it.
Reuters   |   Fri, 8 Mar 2019 15:08:12

Green groups sound environment alarm over Brexit

The government says it is committed to upholding the highest environmental standards when Britain leaves the EU, with or without a deal. In a speech last year, Prime Minister Theresa May promised that EU green guidelines would be adopted into national law after Brexit.
Times of India   |   Fri, 8 Mar 2019 14:59:13

Dutch PM Rutte warns that time for Brexit deal running out

Dutch Prime Minister Mark Rutte expressed concern that that Brexit was rapidly approaching without a deal, and said he would speak with his British counterpart Theresa May on Friday evening.
Reuters   |   Fri, 8 Mar 2019 14:51:45

Brexit: Theresa May should be offering concessions to EU, says Irish prime minister Varadkar

Leo Varadkar says talks are 'a question of what they are willing to offer us'
Jon Stone / The Independent   |   Fri, 8 Mar 2019 14:46:00

End of the booze cruise? Calais wine stores run dry amid pre-Brexit stockpiling

Day trips across the Channel rising as shoppers race to beat a no-deal Brexit It looks like there has been a heist in the Calais Wine Superstore, with some floor displays stripped of the box towers of prosecco, pinot grigio and cabernet sauvignon that are usually piled up to the ...
Zoe Wood / Guardian   |   Fri, 8 Mar 2019 14:35:57

May: 'We may never leave at all' if my Brexit deal is rejected

Theresa May has warned MPs that Brexit may not happen at all if they reject her deal.
Sky   |   Fri, 8 Mar 2019 14:27:00

Theresa May's Claim She Requested Brexit Talks With Corbyn Are Untrue, Labour Says

Ned Simons / Huffington Post   |   Fri, 8 Mar 2019 14:25:05

Tourism industry fearsBrexit will cost it billions

Travel specialists say the overseas tourism industry could lose billions over the next five years if Britain crashes out of the European Union later this month without a divorce deal.
Kathimerini   |   Fri, 8 Mar 2019 14:11:54

GBP/USD bounces off 2-week lows post-NFP, but remains well below 1.3100 handle

• Awful headline NFP print prompts some immediate USD selling and provides a minor lift. • Upbeat wage growth data/unemployment rate offset and helped limit USD downside. • Brexit uncertainties continue to weigh on GBP and further collaborated towards capping. The GBP/USD pair quickly recovered around 40-pips from two-week tops, ...
FX Street   |   Fri, 8 Mar 2019 14:06:23

The U.K. Might 'Never Leave' the E.U. If Deal Doesn't Pass, Theresa May Says

British Prime Minister Theresa May warned Friday that the U.K. may "never leave the E.U. at all" if lawmakers refuse to back her Brexit deal in a crucial vote next week. With just three weeks to go until March 29, when Britain is scheduled to leave the bloc, the country ...
Billy Perrigo / Time   |   Fri, 8 Mar 2019 14:05:51

British PM May presses EU for 'one more push' on Brexit deal

Times of India   |   Fri, 8 Mar 2019 14:03:45

May tells EU 'just one more push' as new Brexit votes loom

Prime Minister Theresa May urged the European Union to make "just one more push" to break an impasse on Brexit before she tries to get parliament to back her deal next week.
Reuters   |   Fri, 8 Mar 2019 14:02:26

The British begin the Brexit blame game

PM and her ministers are already pointing the finger at EU for impending failure
FT   |   Fri, 8 Mar 2019 13:59:02

UK's May tells EU 'just one more push' as new Brexit votes loom

British Prime Minister Theresa May urged the European Union to make "just one more push" to break an impasse on Brexit before she tries to get parliament to back her deal next week.
Reuters   |   Fri, 8 Mar 2019 13:51:16

The FT's biggest stories and best reads of the week

What happens after a no-deal Brexit, what will Mueller make public, and does social status matter?
FT   |   Fri, 8 Mar 2019 13:45:51

Will Self and MP in Brexit TV stare-off

Tempers rise in the Politics Live studio over voting in the EU referendum leading to quite a stare-off between an author and Tory MP.
BBC   |   Fri, 8 Mar 2019 13:44:20

'One more push' needed to resolve Brexit deal concerns - May

European Union and British negotiators need to make "one more push" to resolve concerns that are stopping members of Britain's parliament from supporting the exit deal negotiated last year, Prime Minister Theresa May said on Friday.
Reuters   |   Fri, 8 Mar 2019 13:26:41

UK PM May: Might never leave EU if second referendum is held

Additional comments from British Prime Minister Theresa May continue to cross the wires as she speaks in Grimsby. Government policy is to leave the EU with a deal. MPs face historic choice next week on Brexit. Compromise is necessary to bring the country back together. Chances of a second referendum ...
FX Street   |   Fri, 8 Mar 2019 13:02:36

May warns of ongoing uncertainty if lawmakers reject Brexit deal

Britain will face ongoing uncertainty and may never leave the European Union if lawmakers next week vote down the exit deal negotiated with Brussels, Prime Minister Theresa May said on Friday.
Reuters   |   Fri, 8 Mar 2019 12:58:06

UK PM May: A Brexit delay could lead to a second referendum

Additional comments from British Prime Minister Theresa May continue to cross the wires as she speaks in Grimsby. Brexit will not affect our commitment to the Irish good Friday agreement. A Brexit delay could lead to a second referendum. A Brexit delay could lead to the EU insisting on new ...
FX Street   |   Fri, 8 Mar 2019 12:57:45

Brexit vote: Theresa May says 'we may never leave the EU' if MPs reject her deal

Theresa May has warned that if MPs reject her Brexit deal next week "no one knows what will happen" and that the UK may never leave the EU at all.
Joe Watts / The Independent   |   Fri, 8 Mar 2019 12:55:00

UK PM May: No one knows what will happen if lawmakers reject my Brexit deal

British Prime Minister Theresa May is now delivering her remarks on Brexit in Grimsby with key quotes, via Reuters, found below. No one knows what will happen if lawmakers reject my Brexit deal. The only certainty would be ongoing uncertainty. We must leave the EU.
FX Street   |   Fri, 8 Mar 2019 12:43:39

IFS's Johnson: It's not been a great decade, and economists were right about Brexit

We have gone well past the brink of things not being good and the last 10 years have turned out to be so different relative to what was reasonably predicted, according to Paul Johnson.
Stephanie Baxter / Professional Pensions   |   Fri, 8 Mar 2019 12:43:00

Britain, EU locked in talks as Brexit vote nears

Intensive talks between the European Union and Britain are underway to help get Brexit through the British parliament next week, but the bloc has already presented its ideas, a spokesman said on Friday.
Reuters   |   Fri, 8 Mar 2019 12:39:13

GBP: Guided by the Brexit - Westpac

Tim Riddell, senior market strategist at Westpac, suggests that UK remains understandably myopically focused on next week's parliamentary Brexit votes after over 140 weeks since the Brexit referendum and only 21 days before Article 50's 29th March end date. Key Quotes "May's Withdrawal plan is again at risk of failure. ...
FX Street   |   Fri, 8 Mar 2019 12:17:40

Brexit: May urges EU to agree backstop changes

The prime minister will urge the EU to help get her Brexit deal through the Commons, days before MPs vote.
BBC   |   Fri, 8 Mar 2019 11:57:34

May to speak to EU leaders over weekend, no travel plans

Prime Minister Theresa May intends to speak to European Union leaders by telephone this evening and over the weekend, but has no plans to travel to Brussels to try to obtain last minute changes to her Brexit agreement.
Reuters   |   Fri, 8 Mar 2019 11:57:11

UK PM May spokeswoman: UK-EU officials to continue Brexit talks over weekend

A spokeswoman for British Prime Minister Theresa May recently told reporters that PM May had no plans to travel to Brussels over the weekend and explained PM May would continue to speak with European leaders by phone. The spokeswoman further added that officials from both sides were also expected to ...
FX Street   |   Fri, 8 Mar 2019 11:35:17

EU says intensive talks with Britain ongoing, EU has already offered ideas

There are intensive talks between the European Union and Britain to help get the already negotiated Brexit agreement through the British parliament next week, but the EU has already presented its ideas, a Commission spokesman said on Friday.
Reuters   |   Fri, 8 Mar 2019 11:31:40

Irish PM says time for UK to compromise

Ireland's Prime Minister Leo Varadkar said on Friday that Brexit was a problem of the UK's creation and it should be making compromises, not the European Union.
Reuters   |   Fri, 8 Mar 2019 11:28:09

EU 27 ambassadors to meet on Brexit at 1400 GMT in Brussels

Ambassadors of 27 European Union countries will gather at 1400 GMT in Brussels to be briefed for one hour by the EU's chief Brexit negotiator Michel Barnier on the latest developments in talks with Britain, EU diplomats said on Friday.
Reuters   |   Fri, 8 Mar 2019 11:11:09

UK firms hold off on permanent hires as Brexit nears - survey

British employers held off from hiring permanent staff in February, adding to signs of growing nerves ahead of Brexit in the country's otherwise strong labour market, a survey of recruiters showed on Friday.
Reuters   |   Fri, 8 Mar 2019 11:07:44

Brexit News Archive: 08 Mar 2019     |     enquire