Brexit News Archive: 11 Mar 2019

Theresa May wins Brexit assurances from EU on eve of crucial vote

Prime Minister Theresa May clinched legally binding Brexit assurances with the European Union on Monday in a last ditch attempt to win over rebellious British lawmakers who have threatened to vote down her divorce deal again.
Reuters   |   Mon, 11 Mar 2019 22:58:23

EU's Juncker says UK parliament has last chance to back Brexit deal

The European Commission head Jean-Claude Juncker said on Monday he agreed updates to the Brexit deal with British Prime Minister Theresa May but warned the House of Commons would not get a third chance on the agreement if it rejects it again on Tuesday.
Reuters   |   Mon, 11 Mar 2019 22:58:02

EU-UK joint statement sets 2020 target to avoid backstop

Britain and the European Union issued a joint statement on Monday that was intended to persuade British lawmakers to back a Brexit deal, notably by setting a date of end-2020 to find ways to avoid a hard border on Ireland without recourse to a opposed by the British parliament.
Reuters   |   Mon, 11 Mar 2019 22:56:26

DUP says will study detail of new Brexit assurances

The Democratic Unionist Party plans to take time to study the detail of the latest Brexit agreement between the European Union and British Prime Minister Theresa May, a spokesman for the Northern Ireland party said on Monday.
Reuters   |   Mon, 11 Mar 2019 22:45:55

UK government announces 'legal' Brexit assurances

David Lidington said documents would 'strengthen and improve' the Brexit deal.
Charlie Cooper / Politico   |   Mon, 11 Mar 2019 22:45:52

May claims revised Brexit deal with Juncker

PM hoping new assurances UK cannot be 'trapped' in a customs union will win over critics
FT   |   Mon, 11 Mar 2019 22:43:51

Brexit: 'Legally binding' changes to EU deal agreed

PM has secured "legally binding" changes to Brexit deal, says Cabinet Office minister day ahead of MPs' vote
BBC   |   Mon, 11 Mar 2019 22:43:39

Theresa May wins 'legally binding' Brexit assurances from EU ahead of crucial votes

Prime Minister Theresa May clinched legally binding Brexit assurances from the European Union on Monday in a last ditch attempt to win over rebellious MPs who have threatened to vote down her divorce deal again.
Reuters   |   Mon, 11 Mar 2019 22:38:09

PM May clinches legally binding Brexit backstop changes, deputy says

Prime Minister Theresa May has clinched changes to her Brexit deal in her bid to win last minute support for her Brexit deal before it goes to a vote on Tuesday, senior minister David Lidington said on Monday.
Reuters   |   Mon, 11 Mar 2019 22:35:28

BBC News Channel

Theresa May and Jean-Claude Juncker hold a joint news conference following last-ditch Brexit talks.
BBC   |   Mon, 11 Mar 2019 22:33:15

GBP/USD rallies to 1.3290 on expectations of progress at last-minute Brexit talks

GBP/USD rose to 1.3290 during early Tuesday. Expectations of the EU-UK deal over Irish backstop propelled the pair. Today's UK parliament voting and US CPI will be crucial for traders. The GBP/USD surged nearly 100 pips to 1.3290 at the start of Asian trading on Tuesday. The Cable carried its ...
FX Street   |   Mon, 11 Mar 2019 22:31:36

Joint news conference by PM May, EU's Juncker suggest Brexit progress

European Commission President Jean-Claude Juncker and Prime Minister Theresa May will hold a joint news conference on Monday evening in Strasbourg after their latest Brexit talks, a spokeswoman for the former said.
Reuters   |   Mon, 11 Mar 2019 22:30:03

EU hopes House of Common backs Brexit deal on Tuesday

The European Union was hopeful but unsure whether the House of Commons would back on Tuesday the bloc's Brexit deal with Britain, EU sources said after a minister in Theresa May's cabinet said she had secured legally binding changes.
Reuters   |   Mon, 11 Mar 2019 22:29:46

GBP/USD Technical Analysis: Cable soars to 1.3300 figure on Brexit news

GBP/USD daily chart GBP/USD is trading in a bull trend above its main simple moving averages. GBP/USD jumped about 100 pips on optimistic views on backstop amendments. GBP/USD 4-hour chart A break above 1.3300 figure can lead to 1.3425 resistance. Support is at 1.3100 figure. Additional key levels GBP/USD Overview: ...
FX Street   |   Mon, 11 Mar 2019 22:27:33

UK PM May clinches legally binding Brexit backstop changes, deputy says

British Prime Minister Theresa May has clinched changes to her Brexit deal in her bid to win last minute support for her Brexit deal before it goes to a vote on Tuesday, senior minister David Lidington said on Monday.
Reuters   |   Mon, 11 Mar 2019 22:27:06

EU Juncker, UK PM May Brexit meeting in Strasbourg said to be over

UK cabinet office minister Lidington says tomorrow the house will vote on this improved deal. Lidington says EU has been clear this will be the only deal on the table; Lidington says tomorrow lawmakers have choice to vote for this deal or plunge country into political crisis; Lidington says now ...
FX Street   |   Mon, 11 Mar 2019 22:21:49

Pound Rallies As May Secures Critical Brexit Concessions From EU

Has Theresa May done the impossible? Though negotiations are still taking place between May and European Commission President Jean Claude Juncker in Strasbourg, UK Cabinet Office Minister David Lidington told the Commons on Monday night that May had secured "legally binding" changes to the withdrawal agreement. If accurate, this would ...
Tyler Durden / Zero Hedge   |   Mon, 11 Mar 2019 22:14:12

May In Last-Ditch Bid To Avoid Brexit Humiliation With New Plans To Reassure Hardline Eurosceptics

Paul Waugh / Huffington Post   |   Mon, 11 Mar 2019 22:09:15

Brexit: BBC's Glenn Campbell has a piece of paper but said "Is it good enough for the DUP and our colleagues?

BBC's Glen Campbell has a piece of paper but said,"Is it good enough for the DUP and our colleagues? Prior to this, Laura Kuenssberg, BBC Political Editor has posted that 16 or 17 ministers were pulled together tonight for a meeting in Cobra room in Cabinet Office - "More progress ...
FX Street   |   Mon, 11 Mar 2019 21:53:44

Macro Morning

By Chris Becker Risk appetite powered back overnight due to the better than expected US retail sales numbers, with tech stocks leading the way on Wall Street. The USD also lost more ground, spectacuraly against Pound Sterling which roared back to life as Brexit negotiations took another turn overnight. Looking ...
Chris Becker / MacroBusiness   |   Mon, 11 Mar 2019 21:30:59

Pro-Brexit MP: Doubt PM May will have succeeded in replacing Irish backstop

Senior pro-Brexit Conservative MP Steve Baker said on Monday he doubted Prime Minister Theresa May will have achieved parliament's demand that the so-called Irish backstop in her Brexit deal be replaced with alternative arrangements.
Reuters   |   Mon, 11 Mar 2019 21:27:19

Pro-Brexit lawmaker: Doubt UK PM May will have succeeded in replacing Irish backstop

Senior pro-Brexit Conservative lawmaker Steve Baker said on Monday he doubted Prime Minister Theresa May will have achieved parliament's demand that the so-called Irish backstop in her Brexit deal be replaced with alternative arrangements.
Reuters   |   Mon, 11 Mar 2019 21:25:36

UK PM May will give parliament a 'meaningful' Brexit vote on Tuesday: spokesman

British Prime Minister Theresa May will hold the so-called a meaningful vote on her Brexit deal on Tuesday as planned, her spokesman said after media reports that she could downgrade the status of the vote. The spokesman said the government's motion which will be debated and voted on would be ...
sellputs / Hedge Accordingly   |   Mon, 11 Mar 2019 21:11:09

Brexit nears the finish line

Risk appetite was very strong in the US as optimism grew that the EU and UK were inching closer to a Brexit agreement, retail sales in North America rebounded more than expected, M&A delivered a $6.9 billion tech deal, and a couple of technology giants got analyst upgrades. The Dow ...
Ed Moya / OANDA   |   Mon, 11 Mar 2019 21:06:24

Brexit news - latest updates: Theresa May in last-ditch Strasbourg visit on eve of dramatic vote on her deal

Follow live updates from Westminster
Benjamin Kentish, Lizzy Buchan / The Independent   |   Mon, 11 Mar 2019 20:53:00

Theresa May seeks a deal in Strasbourg as Brexit crunch looms

British Prime Minister Theresa May rushed to Strasbourg on Monday to seek a tweaked withdrawal deal from the European Union in a last-ditch effort to avoid another humiliating defeat in parliament of her plan to exit the bloc.
Reuters   |   Mon, 11 Mar 2019 20:41:05

UK: Deal or no deal, the political impact of a Brexit will be long-lasting and substantial - NBF

According to National Bank of Canada analyst, Angelo Katsoras, point out that while they continue to feel that an exit deal is ultimately more likely than a hard Brexit in the short-term, deal or no deal, the political impact of a Brexit will be long-lasting and substantial. Key Quotes: "When ...
FX Street   |   Mon, 11 Mar 2019 20:32:47

May departs on a wing and a prayer to break Brexit deadlock

Hours after quoting St Paul in Westminster Abbey, PM is on road to Brussels
FT   |   Mon, 11 Mar 2019 20:24:31

Waiting for Brexit's Midnight Hour

Mike Mackenzie's daily analysis of what's moving global markets
FT   |   Mon, 11 Mar 2019 20:20:29

GBP/USD: Extension of Article 50 remains the highest probability, which may underpin GBP mildly - CitiBank

In their weekly strategy report, analysts at Citibank, point out that even with an extension of Article 50, hard Brexit risk is still there and they see that political uncertainty may continue to restrain the pound. Their forecast GBP/USD at 1.30 in a 0-3 month period and at 1.34 in ...
FX Street   |   Mon, 11 Mar 2019 20:14:51

May arrives for last-ditch Brexit talks with Juncker

Prime minister is seeking to avoid heavy defeat in Tuesday's parliamentary vote
FT   |   Mon, 11 Mar 2019 20:06:15

Brexit negotiations reach a deadlock on eve of Parliament's vote

Negotiations between the European Union and Britain deadlocked Monday, on the eve of a crucial parliamentary vote on Prime Minister Theresa May's heavily contested Brexit withdrawal agreement. Weeks of talks aimed at refining the deal to make it palatable to British lawmakers appear to have failed...
Christina Boyle / LA Times   |   Mon, 11 Mar 2019 19:20:00

EU parliament's Brexit man says will stand by Ireland in talks with May

The European Parliament will stand by Ireland and the need to safeguard the Good Friday agreement, the parliament's Brexit pointman Guy Verhofstadt said on Monday before meeting British Prime Minister Theresa May in Strasbourg.
Reuters   |   Mon, 11 Mar 2019 19:16:29

EU parliament's Brexit man says will stand by Ireland in talks with UK PM May

The European Parliament will stand by Ireland and the need to safeguard the Good Friday agreement, the parliament's Brexit pointman Guy Verhofstadt said on Monday before meeting British Prime Minister Theresa May in Strasbourg.
Reuters   |   Mon, 11 Mar 2019 19:16:07

Brexit: May statement expected at 11pm (10pm UK) - Will there be a new Brexit deal agreed?

Times Editor, Bruno Waterfield‏, has hit the wires saying that we should be expecting May statement at 11pm (10pm UK). If it's a deal all to be published for 11.30pm (10.30 UK). This news followed the news from earlier that Theresa May left for Strasbourg for talks with Jean-Claude Juncker ...
FX Street   |   Mon, 11 Mar 2019 19:14:05

Brexit Vote Day Tomorrow!

I tuned out of the day to day for a bit to avoid madness, but May's big vote is tomorrow. What will happen???
Atrios / Eschaton   |   Mon, 11 Mar 2019 19:05:00

May hoping to agree time limit on finding alternative to Brexit backstop - BBC

British Prime Minister Theresa May is hoping to agree a time limit with the European Union on finding an alternative to the so-called Irish backstop in Brexit talks, BBC Political Editor Laura Kuenssberg reported, citing two sources.
Reuters   |   Mon, 11 Mar 2019 19:04:22

Brexit crunch looms for PM Theresa May as EU talks stall

Times of India   |   Mon, 11 Mar 2019 19:03:54

FCA to run no-deal Brexit 'financial war room'

The Financial Conduct Authority has plans for a 'war room' in the event of a hard Brexit.
BBC   |   Mon, 11 Mar 2019 18:59:06

UK PM May hoping to agree time limit on finding alternative to Brexit backstop: BBC

British Prime Minister Theresa May is hoping to agree a time limit with the European Union on finding an alternative to the so-called Irish backstop in Brexit talks, BBC Political Editor Laura Kuenssberg reported, citing two sources.
Reuters   |   Mon, 11 Mar 2019 18:55:53

Theresa May's fight for survival is now measured in hours not days

There can be no mandate for a Brexit that has descended to this level of chaos
Tom Peck / The Independent   |   Mon, 11 Mar 2019 18:53:33

Irish cabinet to hold unscheduled meeting on Brexit

Ireland's cabinet is due to hold an unscheduled meeting at 1845 GMT to discuss Brexit, Culture Minister Josepha Madigan said on Twitter.
Reuters   |   Mon, 11 Mar 2019 18:53:04

Theresa May 'agreed' to Brexit compromise but Cabinet said no

Refusal was apparently tied to objections by Attorney General Geoffrey Cox, who has made a negative impression in Brussels.
David M. Herszenhorn, Jacopo Barigazzi, Paul Taylor / Politico   |   Mon, 11 Mar 2019 18:47:52

EUR/GBP drops from 2-week highs to test multi-month lows on Brexit talk progress

Pound strengthens ahead of crucial Brexit vote. A statement from the UK government will be delivered later today. The EUR/GBP pair dropped to test last week multi-month lows on the back of a stronger pound across the board ahead of the "meaningful vote" tomorrow. Speculations and rumors about the next ...
FX Street   |   Mon, 11 Mar 2019 18:43:16

Labour puts drive for second Brexit referendum on hold

Move comes as People's Vote campaigners say plebiscite push would be premature
FT   |   Mon, 11 Mar 2019 18:30:22

UK looks the other way on AI

Brexit is distracting lawmakers from examining the controversial use of facial recognition technology.
Annabelle Dickson / Politico   |   Mon, 11 Mar 2019 18:07:34

Theresa May rushes to Strasbourg to find a deal as Brexit crunch looms

British Prime Minister Theresa May rushed to Strasbourg on Monday to seek concessions from the European Union in a last-ditch attempt to avoid another humiliating defeat in parliament of her deal to exit the bloc.
Reuters   |   Mon, 11 Mar 2019 17:53:56

What's in store this week?

MPs are gearing up for a big vote on Theresa May's Brexit deal on Tuesday - here are the basics.
BBC   |   Mon, 11 Mar 2019 17:40:00

Brexit: Noises coming from the ERG are cautiously positive - (GBP holding the session highs)

Iain Duncan Smith, Owen Paterson and Steve Baker have been called in to see the Chief Whip. They haven't said what he told them but noises coming from the ERG are cautiously positive ... GBP/USD is holding at the highs of the session on the news. Brexit: Reaching a point ...
FX Street   |   Mon, 11 Mar 2019 17:37:41

Low-paid work is no longer a route to better pay - it is a trap | Paul Johnson

Universal credit was meant to lift people out of poverty. But in reality it's just been fiddling at the edges of the changes we need One of the few domestic political issues that occasionally manages to make itself heard over the Brexit cacophony is the rollout of universal credit. It ...
Paul Johnson / Guardian   |   Mon, 11 Mar 2019 17:32:21

Brexit: Reaching a point' where there might be agreement - (GBP higher)

Theresa May has already left for Strasbourg for talks with Jean-Claude Juncker and BBC Political Editor, Laura Kuenssberg has reported that there will be a Brexit statement in Strasbourg at 9pm as well as in The Commons - (Time not clarified as Strasbourg or GMT, yet...) 'Reaching a point' where ...
FX Street   |   Mon, 11 Mar 2019 17:29:49

May to meet EU's Juncker for Brexit talks on Monday - source

British Prime Minister Theresa May is on her way to a meeting with European Commission President Jean-Claude Juncker in Strasbourg later on Monday to discuss her hopes for a revised Brexit deal, a UK government official said.
Reuters   |   Mon, 11 Mar 2019 17:24:28

UK's May to meet EU's Juncker for Brexit talks on Monday: source

British Prime Minister Theresa May is on her way to a meeting with European Commission President Jean-Claude Juncker in Strasbourg later on Monday to discuss her hopes for a revised Brexit deal, a UK government official said.
Reuters   |   Mon, 11 Mar 2019 17:22:49

Leave Means Leave To Demand Euro Elections If Brexit Is Delayed

Rachel Wearmouth / Huffington Post   |   Mon, 11 Mar 2019 17:17:14

Theresa May Heads To Strasbourg For Crisis Talks Ahead Of Brexit Deal Vote

Arj Singh / Huffington Post   |   Mon, 11 Mar 2019 17:15:27

May has 'some kind of' Brexit deal, UK eurosceptic lawmakers think: BBC reporter

Senior pro-Brexit members of Prime Minister Theresa May's Conservative Party believe she has "some kind of" Brexit deal to put to parliament on Tuesday, the BBC's political editor, Laura Kuenssberg, said.
Reuters   |   Mon, 11 Mar 2019 17:09:15

Brexit: Theresa May makes last minute dash to Strasbourg in bid to secure new withdrawal deal

Theresa May has left London for Strasbourg in a bid to secure a last minute change to her Brexit deal, ahead of a critical vote tomorrow.
Joe Watts / The Independent   |   Mon, 11 Mar 2019 17:09:00

Brexit: MPs' second vote on PM's deal to go ahead

Labour says the government is in chaos amid reports Theresa May may go to Strasbourg for last-ditch talks.
BBC   |   Mon, 11 Mar 2019 16:40:40

Whitney Tilson Makes A Yuge Bet On Tesla With Andrew Left Of Citron (Pic Unrelated?)

Whitney Tilson's email to investors discussing Andrew Left accepts his Tesla wager & offers $100,000+; more on Tesla; China's economy overstated; Brexit; the new leader of the National Socialist Movement, how a black man outsmarted neo-Nazis. 1) So far 11 [...] The post Whitney Tilson Makes A Yuge Bet On ...
Jacob Wolinsky / Value Walk   |   Mon, 11 Mar 2019 16:35:42

Brexit statement not likely to come until 2200 GMT

News updates that are saying that a Brexit statement not likely to come until 2200 GMT. Brexit: UK PM May is about to fly off for last minute Brexit face-face negotiation
FX Street   |   Mon, 11 Mar 2019 16:32:15

Brexit: UK PM May is about to fly off for last minute Brexit face-face negotiation

It would appear that UK PM May is about to fly off for last minute Brexit face-face negotiation. UK PM May spokesman: May will go to Strasbourg if helpful for talks There are wires going around, (Sky News Editor: Beth Rigby‏Verified account @BethRigby), that for reasons connected to the negotiations, ...
FX Street   |   Mon, 11 Mar 2019 16:23:11

Advice from UK's top lawyer on Brexit deal will be published before Tuesday debate - secretary

Britain's parliament will vote on Prime Minister Theresa May's Brexit deal on Tuesday and advice from the government's top lawyer will be published before that debate begins, junior Brexit secretary Robin Walker said on Monday.
Reuters   |   Mon, 11 Mar 2019 16:22:11

Brexit talks at a delicate stage, May's spokesman says

Talks to secure changes to British Prime Minister Theresa May's Brexit deal are at a delicate stage and negotiations are continuing at a technical level before a parliamentary vote on the agreement, May's spokesman said on Monday.
Reuters   |   Mon, 11 Mar 2019 16:21:20

UK PM May spokesman: May will go to Strasbourg if helpful for talks

British Prime Minister Theresa May's spokesman recently said that the PM will be making a decision on Strasbourg in the next hour and explained that she would travel there is it were to help to move on with Brexit talks. Moreover, later in the day, Attorney General Cox is expected ...
FX Street   |   Mon, 11 Mar 2019 16:20:19

May will press ahead with timetable for Brexit votes

FT   |   Mon, 11 Mar 2019 16:20:07

No-deal Brexit could cost Japanese carmakers in UK £1bn a year

Moody's also warns that customs checks that delay parts could impact earnings more than tariffs A no-deal Brexit would cost Japanese carmakers in Britain more than $1bn a year if 10% tariffs were imposed on trade between the UK and EU, new analysis suggests. Nissan, Toyota and Honda together account ...
Jasper Jolly / Guardian   |   Mon, 11 Mar 2019 16:19:38

UK still leads EU millionaire banker list despite Brexit

Three-quarters of region's best-paid financiers were UK-based in 2017
FT   |   Mon, 11 Mar 2019 16:09:19

Advice from UK's top lawyer on Brexit deal will be published before Tuesday debate: minister

Britain's parliament will vote on Prime Minister Theresa May's Brexit deal on Tuesday and advice from the government's top lawyer will be published before that debate begins, junior Brexit minister Robin Walker said on Monday.
Reuters   |   Mon, 11 Mar 2019 16:04:39

France Unveils Technological 'Smart Border' Solution

As any self-respecting Brexit pundit will be more than happy to remind us, smart borders featuring mythological things like remote customs declarations and automated number plate checking are simply which aren't likely to be possible for hundreds, if not thousands of years. They certainly won't be suitable for any post-Brexit ...
Hugh Bennett / Guy Fawkes' blog   |   Mon, 11 Mar 2019 16:01:31

Brexit backstop could save Britain from the Conservatives

The party has been captured by demagogues, economic illiterates and wild-eyed free marketeers
FT   |   Mon, 11 Mar 2019 15:56:56

Theresa May scrambles to find a deal as Brexit crunch looms

British Prime Minister Theresa May was scrambling on Monday to clinch concessions from the European Union in a last-ditch attempt to avoid another humiliating defeat in parliament of her deal to exit the bloc.
Reuters   |   Mon, 11 Mar 2019 15:55:36

Why Britain is braced for a decisive week of Brexit votes

The FT's Sebastian Payne looks at how a EU-UK deal, no-deal or further delay to a split are all still possible
FT   |   Mon, 11 Mar 2019 15:40:54

Fresh Brexit Chaos As Ireland Suggests Theresa May Is Heading To Strasbourg

Arj Singh / Huffington Post   |   Mon, 11 Mar 2019 15:31:43

Eurostar announces delays and cancellations in Paris as French customs officials strike over Brexit

Henry Samuel / Telegraph   |   Mon, 11 Mar 2019 15:25:56

MPs to vote on May's Brexit deal in second meaningful vote

The last time the prime minister put her deal to parliament, it suffered a major defeat. Can she win this time around?
Al Jazeera   |   Mon, 11 Mar 2019 15:17:31

Labour MPs urged to disregard PM's 'half-hearted' Brexit pledge on workers' rights ahead of crunch vote

Damning legal opinion drafted on behalf of two trade unions
Lizzy Buchan / The Independent   |   Mon, 11 Mar 2019 15:08:00

Brexit 'sees UK finance firms move £900bn to Europe'

Study counting cost of Brexit on banking and finance says 275 firms have moved some business abroad.
BBC   |   Mon, 11 Mar 2019 14:50:42

Leave Means Leave Serve Legal Notice to Government Over European Parliament Elections

With speculation of a Brexit extension growing by the day, there are increasing suspicions that the UK and EU will stitch something up to avoid the hugely embarrassing spectacle of the UK taking part in the next European Parliament Elections, even if Article 50 has been extended past when the ...
Hugh Bennett / Guy Fawkes' blog   |   Mon, 11 Mar 2019 14:28:47

Brexit timeline: key dates in UK's divorce from EU

What happens next as clock ticks on Britain's departure
FT   |   Mon, 11 Mar 2019 14:26:07

Brexit deal close on Saturday, but UK cabinet rejected it: EU sources

A Brexit deal seemed close on Saturday after the EU indicated legal mechanisms London could use to unilaterally leave the contentious Irish border backstop, sources in the bloc said, but the plan was rejected by British Prime Minister Theresa May's cabinet.
Reuters   |   Mon, 11 Mar 2019 14:23:23

UK PM May to EU's Juncker: Cabinet rejected latest Brexit backstop proposals from EU - Reuters

Citing EU 27 ambassadors, Reuters has recently reported British Prime Minister Theresa May had told the European Commission President Juncker on Sunday that her cabinet has rejected the latest Brexit backstop proposals from the EU. "EU 27 leaders will discuss Brexit in Brussels on March 21, should not negotiate with ...
FX Street   |   Mon, 11 Mar 2019 14:21:24

Brexit ‘meaningful vote’ will go ahead, UK’s Theresa May says

Theresa May said the meaningful vote on her Brexit deal will go ahead on Tuesday, as a leading Tory said she would lose the confidence of parliament if it was cancelled.The prime minister’s official spokesman said May was still committed to allowing parliament to vote on her Brexit deal, followed ...
The Guardian / South China Morning Post   |   Mon, 11 Mar 2019 14:21:20

A Technological Solution To The Irish Border Issue? The Government Knows It's Nothing But Hot Air

Lord Bassam / Huffington Post   |   Mon, 11 Mar 2019 14:17:46

Merkel calls on Britain to respond to EU's Brexit proposals

German Chancellor Angela Merkel on Monday said she welcomed the European Commission's proposals to break a deadlock in Brexit negotiations by providing legal clarity on the backstop solution, adding that Britain now had to respond.
Reuters   |   Mon, 11 Mar 2019 13:58:18

Theresa May Won't Admit Defeat For Brexit Deal Despite Deadlocked Talks

LONDON (AP) - British Prime Minister Theresa May refused to admit defeat for her European Union divorce deal Monday, despite...
Summer Concepcion / TPM   |   Mon, 11 Mar 2019 13:57:08

'Brexit: The Movie' producer faces jail for fraud

Tory activist admits £500K scam.
Paul Dallison / Politico   |   Mon, 11 Mar 2019 13:43:41

Brexit news: May to fly to Strasbourg in desperate last-ditch bid for breakthrough to avert looming Commons humiliation

Dublin reveals trip, but plays down talk of breakthrough - saying prime minister will 'try to finalise an agreement if that's possible'
Rob Merrick / The Independent   |   Mon, 11 Mar 2019 13:42:00

Shares stabilize after worst week of year, Brexit stresses sterling

Talk of more stimulus from China helped world share markets regain some ground on Monday after a slew of disappointing economic data and growth warnings from central banks triggered their worst weekly performance so far this year.
Reuters   |   Mon, 11 Mar 2019 13:41:30

May 'flying to Strasbourg' for last-ditch Brexit talks

Theresa May will head to Strasbourg on the eve of a vote on her Brexit deal, according to Ireland's foreign minister.
Sky   |   Mon, 11 Mar 2019 13:36:00

OCBC Bank: Brexit developments to pose risks for GBP

OCBC analysts are suggesting that there will be significant headline risks for the GBP this week over Brexit developments, with UK PM May looking to table another Brexit deal (largely similarly to the previously rejected deal) to Parliament for approval. Key Quotes "If this fails, the Parliament will vote on ...
FX Street   |   Mon, 11 Mar 2019 13:30:27

No-deal Brexit: Ryanair to ban UK citizens from buying more shares

Airlines not majority-owned by EU nationals or companies risk losing right to fly within bloc British citizens who own shares in Ryanair will be barred from buying more stock, voting on company resolutions or attending annual shareholder meetings if a no-deal Brexit goes ahead, the Dublin-based carrier said on Monday. ...
Rob Davies / Guardian   |   Mon, 11 Mar 2019 13:28:20

Brexit deal will not lead to UK investment surge, says BoE policymaker

Jonathan Haskel says uncertainty likely to linger even if withdrawal treaty passed
FT   |   Mon, 11 Mar 2019 13:22:52

Subversive Statecraft Scandal Exposes Bombshell German-Designed Brexit Plan

Authored by John Petley via Politicalite.com, Cast your mind back to summer last year. The Cabinet gathered at the Prime Minister's country retreat of Chequers, on the sylvan Chiltern downs. There was very important business: Theresa May, flanked by senior civil servant Olly Robbins, presented the draft agreement for Britain's ...
Tyler Durden / Zero Hedge   |   Mon, 11 Mar 2019 13:16:11

UK Brexit minister to make statement to parliament on Monday

British Brexit minister Stephen Barclay will make a statement to parliament on Monday, the day before the government plans to hold a so-called meaningful vote on her Brexit deal, a Twitter account by the opposition Labour Party said, without providing further details.
Reuters   |   Mon, 11 Mar 2019 13:09:32

UK Brexit secretary to make statement to parliament on Monday

British Brexit secretary Stephen Barclay will make a statement to parliament on Monday, the day before the government plans to hold a so-called meaningful vote on her Brexit deal, a Twitter account by the opposition Labour Party said, without providing further details.
Reuters   |   Mon, 11 Mar 2019 13:00:32

We Are More Divided Than Ever On Brexit - Extending Article 50 Would Give Us Time To Build Consensus On How To Move Forward

Yvette Cooper / Huffington Post   |   Mon, 11 Mar 2019 12:58:16

Labour leader Corbyn to ask UK PM about progress in Brexit talks

British opposition leader Jeremy Corbyn will ask Prime Minister Theresa May about progress made in achieving legal changes to her divorce deal and the timetable for the so-called a meaningful vote on her agreement in parliament on Monday.
Reuters   |   Mon, 11 Mar 2019 12:58:14

May calls Juncker again on Brexit, talks continue - PM's spokesman

British Prime Minister Theresa May had a further telephone call with European Commission President Jean-Claude Juncker on Monday, her spokesman said, adding that the Brexit talks were continuing.
Reuters   |   Mon, 11 Mar 2019 12:52:14

Theresa May Warned She Could Lose Her Job If She Delays 'Meaningful' Brexit Vote

Arj Singh / Huffington Post   |   Mon, 11 Mar 2019 12:49:48

GBP/USD refreshes session tops, nearing mid-1.3000s post-US retail sales

• Brexit headlines continue to influence sentiment surrounding the British Pound. • Mixed US monthly retail sales data does little to hinder the intraday goodish bounce. The GBP/USD pair quickly reversed an early European session dip and rallied over 80-pips to refresh session tops, around the 1.3040 region in the ...
FX Street   |   Mon, 11 Mar 2019 12:48:58

UK: No major changes coming in spring fiscal statement - TDS

Analysts at TD Securities point out that the UK Chancellor Hammond has hinted that Wednesday's fiscal update is unlikely to contain any major changes to fiscal policy. Key Quotes "Brexit will dominate, with promises of spending should MPs approve a deal." "We expect the OBR to downgrade 2019 growth to ...
FX Street   |   Mon, 11 Mar 2019 12:43:24

Sterling hits 3-week low on reports UK PM May likely to change Brexit vote

Sterling fell on Monday after a report said Prime Minister Theresa May is likely to change Tuesday's key vote in parliament on her Brexit deal to a less decisive provisional vote, raising the
Reuters / Al Arabiya   |   Mon, 11 Mar 2019 12:43:04

PLSA gives up seat on PensionsEurope board

The Pensions and Lifetime Savings Association (PLSA) has lost its place on the PensionsEurope board after downgrading its status ahead of Brexit.
James Phillips / Professional Pensions   |   Mon, 11 Mar 2019 12:40:00

Key Events This Week: Brexit, Retail Sales And CPI

All eyes turn to Brexit this week in what could be a crunch few days for the UK government. Additionally, as DB notes, a BoJ meeting and US CPI, PPI and retail sales data are also highlights. China's NPC also enters its second week while European Parliament votes on a ...
sellputs / Hedge Accordingly   |   Mon, 11 Mar 2019 12:38:00

Theresa May is in danger of another humiliating Brexit defeat

British Prime Minister Theresa May failed to win last-minute concessions from the European Union, with no plans for her to go to Brussels on Monday ahead of a planned vote on her Brexit strategy in British Parliament on Tuesday, Reuters reports . The meltdown puts her in danger of another ...
The Week   |   Mon, 11 Mar 2019 12:36:37

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

Britain is due to leave the European Union at the end of this month, and with parliament yet to approve Prime Minister Theresa May's exit deal, calls for a second referendum to break the deadlock, often dubbed a 'people's vote', have intensified. Last month, the opposition Labour Party broke new ...
sellputs / Hedge Accordingly   |   Mon, 11 Mar 2019 12:36:32

Brexit uncertainty: Britons in Portugal feel the effect

Uncertainty over Britain's exit from the European Union has begun to take its toll on business.
Al Jazeera   |   Mon, 11 Mar 2019 12:33:54

Greenback Starts New Week Decidedly Mixed, With Brexit Anxiety Weighing On Sterling

Seeking Alpha   |   Mon, 11 Mar 2019 12:22:08

Brexit crunch looms for May as EU talks stall

British Prime Minister Theresa May's Brexit strategy was in meltdown on Monday after her failure to win last-minute concessions from the European Union set the stage for another humiliating defeat of her divorce deal in parliament.
Reuters   |   Mon, 11 Mar 2019 12:17:24

Brexit vote to go ahead but uncertainty remains over its status

Theresa May spoke to European Commission President Jean-Claude Juncker on the phone late last night.
Charlie Cooper / Politico   |   Mon, 11 Mar 2019 12:17:16

No-deal Brexit 'could add £140bn' to DB liabilities

Crashing out of the European Union without a deal could push up UK defined benefit (DB) scheme liabilities by £140bn, says Columbia Threadneedle Investments.
James Phillips / Professional Pensions   |   Mon, 11 Mar 2019 11:57:58

UK PM May will give parliament a 'meaningful' Brexit vote on Tuesday: spokesman

British Prime Minister Theresa May will hold the so-called a meaningful vote on her Brexit deal on Tuesday as planned, her spokesman said after media reports that she could downgrade the status of the vote.
Reuters   |   Mon, 11 Mar 2019 11:49:28

Brexit And Sterling Volatility Expected

Seeking Alpha   |   Mon, 11 Mar 2019 11:42:29

May will give parliament a 'meaningful' Brexit vote on Tuesday - spokesman

British Prime Minister Theresa May will hold the so-called a meaningful vote on her Brexit deal on Tuesday as planned, her spokesman said after media reports that she could downgrade the status of the vote.
Reuters   |   Mon, 11 Mar 2019 11:39:32

EU ready to resume 'deadlocked' Brexit talks

Spokesman says Brussels 'open and willing' to meet UK negotiators
FT   |   Mon, 11 Mar 2019 11:34:53

UK PM May spokesman: Meaningful to take place on Tuesday

British Prime Minister Theresa May's spokesman recently told reporters that the meaningful vote would take place on Tuesday. Key quotes (via Reuters) Government will publish motion later today, cautions against speculation as to what the motion will be. PM's commitment to hold the three Brexit votes this week still holds. ...
FX Street   |   Mon, 11 Mar 2019 11:33:26

'Conditional' Brexit vote 'misses the point', says Irish premier

Leo Varadkar says a 'rolling cliff-edge' unacceptable
FT   |   Mon, 11 Mar 2019 11:31:00

Brexit: 10 ways you could be affected by no-deal

From your weekly shop to your holiday plans, how could a no-deal Brexit affect you?
BBC   |   Mon, 11 Mar 2019 11:30:43

Meaningful Brexit vote set to go ahead on Tuesday - junior secretary

British members of parliament will vote on Prime Minister Theresa May's Brexit deal as planned, a junior defence secretary said on Monday, after media reports that May was coming under pressure to cancel Tuesday's so-called vote.
Reuters   |   Mon, 11 Mar 2019 11:28:03

Theresa May will have told MPs a 'straight-up lie' if she cancels this week's crunch Brexit votes, says Yvette Cooper

'She gave me her word, she gave parliament her word - I don't believe the prime minister would straight-up lie on something so important as this'
Rob Merrick / The Independent   |   Mon, 11 Mar 2019 11:28:00

No-deal Brexit tariffs would hit automakers, warns Moody's

Nissan particularly exposed to impact of a 10 per cent auto tariff
FT   |   Mon, 11 Mar 2019 11:22:55

British MPs will force votes on no-deal and Brexit delay, Cooper says

British members of parliament will try to force parliamentary votes on no-deal Brexit and delaying the exit if Prime Minister Theresa May's government decides not to hold such votes, Labour Party MP Yvette Cooper said on Monday.
Reuters   |   Mon, 11 Mar 2019 11:16:04

Brexit Talks Deadlocked

British Prime Minister Theresa May abandoned plans to travel to Brussels in a last-gasp bid to save her Brexit deal as negotiations with the EU ground to a halt, the Daily Express reports.
Taegan Goddard / Taegan Goddard   |   Mon, 11 Mar 2019 11:15:15

Brexit News Archive: 11 Mar 2019     |     enquire