Brexit News Archive: 12 Mar 2019

‘Total failure’: Brexit defeat leaves British PM Theresa May’s authority in tatters, as Eurosceptics and pro-EU forces unite in anger

British Prime Minister Theresa May staked everything on getting her Brexit deal, and its rejection on Tuesday has left her authority severely damaged.The Conservative leader had already sparked anger and frustration at home and in Brussels for taking the Brexit talks down to the wire. These have now been shown ...
Agence France-Presse / South China Morning Post   |   Tue, 12 Mar 2019 22:42:06

Did your MP vote for or against Theresa May's Brexit deal?

Find out whether your elected representative backed or rejected the new EU withdrawal agreement
Colin Drury / The Independent   |   Tue, 12 Mar 2019 22:26:18

Business leaders call for new approach to Brexit

'Enough is enough': MPs urged to reject UK crashing out of EU without deal
FT   |   Tue, 12 Mar 2019 22:01:40

Macro Morning

By Chris Becker Brexit is dominating risk markets again, but an upbeat Wall Street - minus Boeing's effect on the Dow - smoothed over the volatility, with Pound Sterling the only real casualty. The Aussie/Kiwi cross made a new yearly low as the Aussie dollar kept up its advance on ...
Chris Becker / MacroBusiness   |   Tue, 12 Mar 2019 22:00:19

Theresa May loses control of Brexit policy as MPs move to dictate terms over next 48 hours

She must now let MPs decide whether to rule out a no-deal Brexit and extend the Article 50 period
Joe Watts / The Independent   |   Tue, 12 Mar 2019 22:00:00

EU Tells May To Provide 'Credible Justification' For Delaying Brexit

Arj Singh / Huffington Post   |   Tue, 12 Mar 2019 21:52:41

One in four Tories votes against Brexit deal as May's escape bid fails

Interactive: see how every MP voted
FT   |   Tue, 12 Mar 2019 21:40:05

Are we any the wiser?

After another huge defeat for the prime minister's Brexit deal, what happens next?
BBC   |   Tue, 12 Mar 2019 21:30:31

Corbyn calls for no deal to be taken off the table

Parliament not there yet on a second refi but the path is becoming clearer. The House of Commons votes down a "no deal Brexit" tomorrow (highly likely) and then votes to extend Article 50 on Thursday (highly likely). Then what? ... Continue reading →
macromon / Global Macro Monitor   |   Tue, 12 Mar 2019 21:29:35

Brussels takes hard line after Brexit deal defeated

Co-ordinated warning to Westminster: 'There is no more we can do'
FT   |   Tue, 12 Mar 2019 21:20:09

Crucial Brexit deal rejected by UK parliament

British Prime Minister Theresa May's Brexit deal has just failed for a second time. With just days until the UK officially leaves the EU, NBC's Bill Neely and Senior Contributor for the Intercept, Mehdi Hasan, join Ali Velshi to discuss what's next.
MSNBC   |   Tue, 12 Mar 2019 21:16:58

May still believes 'last heave' might push deal across line

Prime minister's strategy will be to scare her Brexit hardliners into submission
FT   |   Tue, 12 Mar 2019 21:13:01

U.K. lawmakers resoundingly reject Brexit deal for second time

British MPs resoundingly rejected Prime Minister Theresa May's Brexit deal for a second time on Tuesday, plunging the country into further uncertainty just 17 days ...
No Author / Japan Times   |   Tue, 12 Mar 2019 21:07:41

MPs table 'managed no-deal' plans before Wednesday vote

A group of MPs set out plans on Tuesday to test whether parliament wants to implement an exit plan that would see Brexit delayed and mitigate the consequence of leaving without a deal by seeking 'standstill arrangements' with the EU.
Reuters   |   Tue, 12 Mar 2019 21:04:31

7 Things You Need to Know About Brexit

Read full story for details.
Morningstar   |   Tue, 12 Mar 2019 21:03:37

Brexit result: Business leaders urge MPs to reject no deal in Commons vote after Theresa May suffers major defeat

'Enough is enough. This must be the last day of failed politics,' says Confederation of British Industry director general Carolyn Fairbairn
David Hughes / The Independent   |   Tue, 12 Mar 2019 20:59:39

UK lawmakers table 'managed no-deal' plans before Wednesday vote

A group of UK lawmakers set out plans on Tuesday to test whether parliament wants to implement an exit plan that would see Brexit delayed and mitigate the consequence of leaving without a deal by seeking 'standstill arrangements' with the EU.
Reuters   |   Tue, 12 Mar 2019 20:59:29

Reporting Brexit: Racing to break news in Britain's ancient parliament

The world's press packed in a gallery in the British House of Commons neo-gothic debating chamber late on Tuesday, watching out for clues of the outcome of a vote that would shake markets and deepen the Brexit turmoil.
Reuters   |   Tue, 12 Mar 2019 20:57:57

TFMR Podcast - Tuesday, March 12

With TF 2 Comments | 3 Likes It was an eventful day with more bad economic news, another Brexit vote failure and sharply falling interest rates. No wonder that Comex precious metal prices rallied despite the best efforts of The Banks. After a general discussion, we proceed to the charts. ...
TF Metals Report / TF Metals Report   |   Tue, 12 Mar 2019 20:55:38

UK parliament blocks May's Brexit deal for second time

Latest defeat raises pressure on prime minister and increases prospect of Brexit delay, or second referendum.
Al Jazeera   |   Tue, 12 Mar 2019 20:54:47

If Brexit clarity doesn't come soon, fallout will be savage

Theresa May's Brexit deal has been comprehensively defeated by British lawmakers for the second time. Though Tuesday's loss was not as bad as her historic January humiliation, the specific numbers and scale of the rejection become less important as the Brexit deadline nears.
CNN   |   Tue, 12 Mar 2019 20:53:14

May's Brexit Vote defeated by 149 votes

Asian equities are poised to open higher as technology stocks led the way higher in North America. Key data in Asia will see many investors focusing on both Japanese producer prices which are expected to rebound and core machine orders which are expected to fall sharply. Brexit - May loses ...
Ed Moya / OANDA   |   Tue, 12 Mar 2019 20:52:54

Dutch PM Rutte: Brexit delay request would need 'convincing justification'

Any request from the British government for a delay to its departure from the European Union must be supported by a "credible and convincing Dutch Prime Minister Mark Rutte said on Tuesday.
Reuters   |   Tue, 12 Mar 2019 20:46:48

Jeff Gundlach Says "We Are In A Bear Market", S&P Will Take Out December Lows In 2019

Today at 4:15pm EDT, DoubleLine founder Jeff Gundlach is holding his latest live webcast open to investors and casual listeners, titled enticingly 'Highway to Hell', and which we assume will discuss either Brexit, the US-China trade deal, the long-term US debt picture or how this, latest asset bubble finally ends. ...
Tyler Durden / Zero Hedge   |   Tue, 12 Mar 2019 20:44:38

Brexit vote result - LIVE : Crisis for Theresa May as her deal suffers second crushing defeat after failed backstop plea

Follow The Independent's coverage live from Westminster
Ashley Cowburn, Shehab Khan / The Independent   |   Tue, 12 Mar 2019 20:41:00

Brexit: Plan for Irish border if no deal to be published

After losing the Brexit vote, Theresa May says no-deal plans for the Irish border will be released.
BBC   |   Tue, 12 Mar 2019 20:39:38

Control of Brexit process passes to MPs

Commons to vote on no-deal Brexit and the case for delaying UK departure from EU
FT   |   Tue, 12 Mar 2019 20:32:03

The key Brexit questions you've wanted to ask, answered

Theresa May's Brexit deal has suffered its second defeat in the House of Commons. Lawmakers voted it down by 391 votes to 242.
CNN   |   Tue, 12 Mar 2019 20:32:01

Instant View - MPs crush May's Brexit deal

British lawmakers crushed Prime Minister Theresa May's deal to quit the European Union on Tuesday, thrusting Brexit into turmoil just 17 days before the planned departure date.
Reuters   |   Tue, 12 Mar 2019 20:29:50

Think The End Of Brexit Is Nearing? It's Just The End Of The Beginning

Jasmin Gray / Huffington Post   |   Tue, 12 Mar 2019 20:29:15

Brexit: Votes on No-Deal, Delay Still Planned

After another defeat, Theresa May confirms that Parliament will get to decide between leaving the European Union with no deal and delaying Brexit.
The Associated Press / truthdig   |   Tue, 12 Mar 2019 20:20:50

Ireland disappointed at Brexit vote outcome

Ireland's foreign minister said he was disappointed at Britain's parliament voting down a Brexit deal on Monday.
Reuters   |   Tue, 12 Mar 2019 20:16:09

May's Brexit deal is dead - MPs must take over

Parliament must avoid political chaos and create space to explore other exit options
FT   |   Tue, 12 Mar 2019 20:16:08

UK must maintain threat of no-deal Brexit: DUP's Dodds

The best way to get a Brexit deal through parliament is for the government to maintain that it would be willing to walk away from talks and leave the bloc without a deal, the deputy leader of Northern Ireland's Democratic Unionist Party (DUP) said.
Reuters   |   Tue, 12 Mar 2019 20:15:28

Theresa May says she 'profoundly' regrets Brexit loss

MPs reject May's withdrawal deal
FT   |   Tue, 12 Mar 2019 20:13:49

Theresa May loses another Brexit vote - is it time she just gave up?

Hands up if you've had enough of all this. EPA With just over two weeks to go until Brexit, Theresa May has once again failed to get her Brexit deal through parliament, leaving complete uncertainty about where the nation goes next. May lost the vote on her deal 391 to ...
Chris Stafford, Doctoral Researcher, University of Nottingham / The Conversation   |   Tue, 12 Mar 2019 20:11:13

No more talks planned with EU on Brexit for now - May's spokesman

Prime Minister Theresa May has no current plans to hold more talks with the European Union, her spokesman said on Tuesday, shortly after parliament handed her a heavy defeat and plunged Britain into further uncertainty over Brexit.
Reuters   |   Tue, 12 Mar 2019 20:09:46

Pound holds losses after May's Brexit deal is defeated

Investors' focus shifts to series of parliamentary votes later this week
FT   |   Tue, 12 Mar 2019 20:09:16

Business leaders react with dismay to Brexit 'circus'

CBI's Carolyn Fairbairn says 'a new approach is needed ... jobs and livelihoods depend on it' Business groups have reacted with dismay to parliament's second rejection of Theresa May's Brexit deal, saying they were exasperated by the lack of clarity over the UK's trading arrangements with the European Union after ...
Phillip Inman / Guardian   |   Tue, 12 Mar 2019 20:07:51

EU says no more Brexit negotiations with UK, risk of no-deal jumps

The risk of a damaging no-deal Brexit has "increased significantly" and there will be no more negotiations with London on the divorce terms, the EU said on Tuesday after the House of Commons rejected the package for the second time.
Reuters   |   Tue, 12 Mar 2019 20:07:41

No more talks planned with EU on Brexit for now: PM May's spokesman

Prime Minister Theresa May has no current plans to hold more talks with the European Union, her spokesman said on Tuesday, shortly after parliament handed her a heavy defeat and plunged Britain into further uncertainty over Brexit.
Reuters   |   Tue, 12 Mar 2019 20:06:44

Pound volatile after Brexit vote defeat

Sterling fluctuates against the dollar after MPs reject Brexit withdrawal deal for a second time.
BBC   |   Tue, 12 Mar 2019 20:01:57

Dow Slumps, Nasdaq Pumps As Boeing & Bond Yields Dump

Here's the most important chart in the world this week... Who is right? Bonds of course!! * * * China had yet another National Team inspired buying-panic in the afternoon session to rescue stocks into the green... FTSE outperformed ahead of the Brexit vote but EU markets were broadly lower ...
Tyler Durden / Zero Hedge   |   Tue, 12 Mar 2019 20:01:32

Theresa May suffers second big Brexit defeat

MPs reject prime minister's revised deal with Brussels by 391-242
FT   |   Tue, 12 Mar 2019 20:01:08

GBP/USD spikes to 1.3145 and retreats back to 1.3060 after UK Parliament rejects May's deal

Pound remains steady after UK Parliament rejects May's withdrawal agreement. A vote on a no-deal Brexit will take place on Wednesday. The GBP/USD pair rose to 1.3147 after the UK Parliament rejected May's Brexit deal by 391-242. It was the second defeat for May. The PM delivered a statement after ...
FX Street   |   Tue, 12 Mar 2019 20:00:10

Brexit vote: Theresa May says she 'profoundly regrets' MPs' decision

The prime minister says MPs will now have a free vote on whether to leave the EU without a deal.
BBC   |   Tue, 12 Mar 2019 19:58:50

Interserve not best served by copying 'no deal' Brexit tactics

Compromise is inexpensive way for government contractor to secure restructuring deal
FT   |   Tue, 12 Mar 2019 19:58:07

UK MPs reject Theresa May's Brexit deal again

Times of India   |   Tue, 12 Mar 2019 19:57:24

Brussels tells UK to make next move after Brexit deal defeat

Second rejection of treaty confirms EU leaders' view on lack of consensus in Britain.
David M. Herszenhorn / Politico   |   Tue, 12 Mar 2019 19:56:15

British lawmakers reject May's Brexit deal

CNN   |   Tue, 12 Mar 2019 19:54:49

Find Out How Your MP Voted On Theresa May's Brexit Deal - The Second Time

Rachel Wearmouth / Huffington Post   |   Tue, 12 Mar 2019 19:54:20

Britain and Brexit in chaos: UK parliament rejects May's EU deal again

Britain's parliament rejected Prime Minister Theresa May's deal to quit the European Union for a second time on Tuesday, deepening the country's worst political crisis for generations, 17 days before the planned departure date.
Reuters   |   Tue, 12 Mar 2019 19:52:50

British MPs reject Brexit deal for second time

Times of India   |   Tue, 12 Mar 2019 19:50:58

Brexit vote: What just happened?

The British Prime Minister's new plan for Brexit has again been voted down: what does this mean?
BBC   |   Tue, 12 Mar 2019 19:45:07

EU washes hands of Brexit deal: 'We have done all that is possible'

Bloc says solution to passing withdrawal agreement must come from London
Jon Stone / The Independent   |   Tue, 12 Mar 2019 19:44:00

Theresa May's Brexit deal suffers another huge defeat

In a major rejection, UK Prime Minister Theresa May's Brexit withdrawal deal was voted down by British lawmakers in the House of Commons. It's the second time her deal has failed.
CNN   |   Tue, 12 Mar 2019 19:43:53

Up to UK to solve Brexit impasse - EU's Barnier

The European Union's Brexit negotiator Michel Barnier ruled out doing more to help Britain reach a deal on an orderly withdrawal from the bloc, saying after British lawmakers rejected Brussels' offer that the impasse could only be solved in Britain.
Reuters   |   Tue, 12 Mar 2019 19:43:35

British lawmakers reject Theresa May's Brexit plan for second time

Britain's Parliament rejected for a second time Prime Minister Theresa May's hard-won plan to leave the EU.
Kim Hjelmgaard, USA TODAY / USA Today   |   Tue, 12 Mar 2019 19:42:26

U.K. Parliament Just Turned Down Another Brexit Deal 17 Days From the Deadline

British Prime Minister Theresa May's 11th-hour attempt to salvage her government's Brexit deal was thrown into disarray on Tuesday evening, as lawmakers voted down her agreement with the European Union for a second time in two months, with just 17 days to go before Britain is scheduled to leave the ...
Billy Perrigo / Time   |   Tue, 12 Mar 2019 19:41:16

British MPs overwhelmingly reject Theresa May’s Brexit deal for second time

British MPs overwhelmingly rejected Prime Minister Theresa May’s Brexit deal for a second time on Tuesday, pitching Britain into the unknown just 17 days before it is due to split from the European Union.The House of Commons voted by 391 to 242 to reject the divorce deal, even after May ...
Agence France-Presse / South China Morning Post   |   Tue, 12 Mar 2019 19:41:09

Brexit news: Conservative MPs given free vote on no-deal tomorrow after May's second attempt ends in abject humiliation

Theresa May has promised to grant Conservative MPs a free vote during a critical Commons clash on whether to rule out a no-deal Brexit.
Lizzy Buchan / The Independent   |   Tue, 12 Mar 2019 19:41:00

Brexit: MPs reject Theresa May's deal by 149 votes

Theresa May's Brexit deal is rejected by MPs for a second time, with 17 days to go until the UK leaves the EU.
BBC   |   Tue, 12 Mar 2019 19:40:04

PM May's Brexit withdrawal deal fails again in UK Parliament

For the second time in two months, British lawmakers rejected Prime Minister Theresa May's Brexit deal with the European Union.
MSNBC   |   Tue, 12 Mar 2019 19:39:44

British MPs reject Theresa May's Brexit deal for second time

Resounding defeat raises pressure on prime minister as clock ticks towards UK's March 29 EU departure date.
Al Jazeera   |   Tue, 12 Mar 2019 19:37:39

The moment the result was announced

MPs vote by 391 to 242 against Prime Minister's Theresa May's Brexit plan.
BBC   |   Tue, 12 Mar 2019 19:36:31

Brexit vote follow up statement and comments from PM May and Tusk

Breaking: UK Lawmakers voted against PM May's Brexit deal as 242 vs 391 - 'The Noes' have it! UK PM May: Can confirm we will have a free vote on this side of the house. Believes there is a majority to leave with a deal. UK PM May adds: If ...
FX Street   |   Tue, 12 Mar 2019 19:35:23

UK in political uncertainty with Brexit deadline 17 days away

British lawmakers overwhelmingly rejected Prime Minister Theresa May's Brexit deal for a second time, plunging the UK into a further period of political uncertainty with the departure date from the European Union a mere 17 days away.
CNN   |   Tue, 12 Mar 2019 19:34:23

Britain and Brexit in chaos: parliament rejects May's EU deal again

Britain's parliament rejected Prime Minister Theresa May's deal to quit the European Union for a second time on Tuesday, deepening the country's worst political crisis for generations, 17 days before the planned departure date.
Reuters   |   Tue, 12 Mar 2019 19:32:51

UK parliament's rejection of Brexit deal raises no-deal risk: Tusk's spokesman

The House of Commons' second rejection of the EU-UK Brexit deal has "significantly increased" the risk of a damaging "no-deal" divorce, a spokesman for European Council President Donald Tusk said on Tuesday.
Reuters   |   Tue, 12 Mar 2019 19:31:40

Theresa May's Brexit Deal Is Strongly Rejected 17 Days Before Deadline

LONDON (AP) - Britain's Parliament delivered a crushing defeat to Prime Minister Theresa May's European Union divorce deal Tuesday, plunging...
Summer Concepcion / TPM   |   Tue, 12 Mar 2019 19:29:53

Brexit: What happens now?

Theresa May has again failed to get her Brexit deal through Parliament. What might the next move be?
BBC   |   Tue, 12 Mar 2019 19:29:36

GBP/JPY Technical Analysis: Sterling volatile as Brexit Vote unfolds

GBP/JPY daily chart GBP/JPY is trading in a bull leg above its main simple moving averages (SMAs). The Brexit Vote is taking place now and the GBP can see lots of volatility. GBP/JPY 4-hour chart GBP/JPY is trading between the 100 and 200 SMAs suggesting consolidation in the medium-term. GBP/JPY ...
FX Street   |   Tue, 12 Mar 2019 19:28:57

Parliament rejects May's revised Brexit deal

Seeking Alpha   |   Tue, 12 Mar 2019 19:27:00

GBP/USD rises modestly after UK Parliament rejects May's Brexit deal

UK Parliament rejects again May's Brexit plan. Pound remains steady across the board, consolidating daily losses. PM Theresa May delivers a statement. The GBP/USD pair remained in a range between 1.3060 and 1.3080 with a bullish following the vote at the UK Parliament that rejected May's Brexit deal 391 to ...
FX Street   |   Tue, 12 Mar 2019 19:26:01

And She Lost

Not really surprised, but I thought there was a pretty good chance they would "come around" in the end.MPs reject May's Brexit deal for second time by majority of 149Theresa May's deal has been defeated again by 391 votes to 242 - a majority of 149
Atrios / Eschaton   |   Tue, 12 Mar 2019 19:26:00

Brexit Deal Rejected Again

British prime minister Theresa May's Brexit deal has been defeated again in Parliament by 391 votes to 242, a majority of 149.
Taegan Goddard / Taegan Goddard   |   Tue, 12 Mar 2019 19:25:14

British Parliament rejects plan for nation's expected exit from the European Union

Britain was thrown into deeper political turmoil Tuesday after lawmakers rejected Prime Minister Theresa May's Brexit divorce deal. The country now faces the prospect of crashing out of its decades-long partnership with the European Union with no plan for managing the break. The withdrawal agreement...
Christina Boyle / LA Times   |   Tue, 12 Mar 2019 19:25:00

Breaking: UK Lawmakers voted against PM May's Brexit deal as 242 vs 391 - 'The Noes' have it!

MP's have been voting today for the UK Prime Minister's deal agreed with the EU. Her latest reassurances were expected to reduce the scale of defeat to something close to 50-100 votes, from what otherwise might have been a heavy three-figure loss. The results are as follows: 242 vs 391 ...
FX Street   |   Tue, 12 Mar 2019 19:23:32

Second Brexit deal defeat throws UK politics into crisis

Rejection by House of Commons leaves Theresa May's strategy in tatters.
Charlie Cooper / Politico   |   Tue, 12 Mar 2019 19:23:02

Theresa May On Course For Brexit Delay After MPs Vote Down Revised EU Deal

Paul Waugh / Huffington Post   |   Tue, 12 Mar 2019 19:22:43

Brexit vote result: Theresa May's bid to get reheated deal through Commons ends in thumping defeat

Croaking prime minister confirms MPs will have chance on Wednesday to veto a no-deal Brexit
Rob Merrick / The Independent   |   Tue, 12 Mar 2019 19:22:00

Brexit vote UPDATES: Theresa May says delaying Brexit would hand control to EU

Brexit vote live updates: Theresa May faced an uphill struggle to win support for her Brexit deal ahead of a vote on Tuesday, as she failed to win over the main Brexit faction in her Conservatives and the Northern Irish party.
FE Online / Financial Express   |   Tue, 12 Mar 2019 19:05:36

Sterling shorts likely to reign amid Brexit drama: Bloomberg

Seeking Alpha   |   Tue, 12 Mar 2019 18:56:13

We need radical change to Brexit deal - DUP's Wilson

Prime Minister Theresa May must go back to the European Union after she loses the vote on her deal on Tuesday to demand radical change to her Brexit deal, said the Brexit spokesman for Northern Ireland's Democratic Unionist Party.
Reuters   |   Tue, 12 Mar 2019 18:55:12

Eurosceptics read last rites over Brexit deal

After hopes buoyed by Strasbourg talks, attorney-general's advice deals funereal blow
FT   |   Tue, 12 Mar 2019 18:54:57

Britain is trapped in the purposeless austerity that gave us Brexit | Aditya Chakrabortty

With the economy heading for recession, the chancellor's giveaways to the regions will be of scant help Slap bang in the middle of this week falls one parliamentary event likely to be greeted with near-silence. When Philip Hammond stands up tomorrow afternoon to deliver his spring statement on the health ...
Aditya Chakrabortty / Guardian   |   Tue, 12 Mar 2019 18:51:09

Brexit's big sticking point: The Irish Backstop

Another Brexit deal vote is about to get underway, as British Prime Minister has just 17 days to get a deal passed. Ali Velshi is joined by NBC's Bill Neely to discuss the one sticking point, "the Irish Backstop," and what it means.
MSNBC   |   Tue, 12 Mar 2019 18:50:52

USD/JPY steady above 111.10 ahead of UK Brexit vote

USD/JPY finds support above 111.00 and rises to 111.40. US dollar bounces versus yen despite lower US yields. The USD/JPY pair moved off daily lows during the US session despite US dollar weakness and further declines in US yields. It remains sideways for the day, moving below 111.50. The pair ...
FX Street   |   Tue, 12 Mar 2019 18:38:34

Here Comes The Brexit "Meaningful Vote": What To Look For

Britain's parliament is about to vote on Prime Minister Theresa May's revised Brexit deal with the EU after rejecting her previous plan by a record margin in January. Heading into the vote, cable is leaking back lower... Traders have aggressively bid up overnight protection Here is Ransquawk's detailed layout of ...
Tyler Durden / Zero Hedge   |   Tue, 12 Mar 2019 18:35:29

EUR/GBP Technical Analysis: Euro testing 0.8650 ahead of Brexit Vote

EUR/GBP daily chart EUR/GBP is trading in a sideways trend below its main simple moving averages (SMAs). The Brexit Vote can lead to high volatility in GBP-related pairs. EUR/GBP 4-hour chart EUR/GBP is trading between the 100 and 200 SMAs suggesting consolidation in the medium-term. EUR/GBP 30-minute chart EUR/GBP is ...
FX Street   |   Tue, 12 Mar 2019 18:34:03

Brexit deal: What do the documents say?

A closer look at the documents and legal advice on Theresa May's deal.
BBC   |   Tue, 12 Mar 2019 18:26:57

Britain's May heads for defeat in Brexit vote

British Prime Minister Theresa May was heading for defeat on Tuesday on her plans to leave the European Union as skeptical members of her own party appeared ready to defy her warning that Britain might not leave the EU at all if they voted against her.
Reuters   |   Tue, 12 Mar 2019 18:24:11

EU's Barnier says Britain won't get transition without Brexit deal

Britain will not get a post-Brexit transition period unless the House of Commons ratifies the divorce package, the bloc's chief negotiator said on Tuesday as parliament in London seemed to be moving toward voting the deal down again.
Reuters   |   Tue, 12 Mar 2019 18:23:49

Stocks Higher into Afternoon on Brexit Hopes, Lower Long-Term Rates, Less European/Emerging Markets/US High-Yield Debt Angst, Biotech/Commodity Sector Strength

Broad Equity Market Tone: Advance/Decline Line: Higher Sector Performance: Most Sectors Rising Volume: Below Average Market Leading Stocks: Performing In Line Equity Investor Angst: Volatility(VIX) 13.7 -4.7% Euro/Yen Carry Return Index 130.62 +.5% Emerging Markets Currency Volatility(VXY) 8.09 -.61% S&P 500 Implied Correlation 39.73 -4.08% ISE Sentiment Index 91.0 +11.0% ...
Gary / Between the Hedges   |   Tue, 12 Mar 2019 18:22:00

Majority of Conservative eurosceptic faction will vote against Brexit deal - MP

A majority of members of the European Research Group, a large eurosceptic faction in Britain's ruling Conservative Party, will vote against Prime Minister Theresa May's exit deal later on Tuesday, an MP in the group said.
Reuters   |   Tue, 12 Mar 2019 18:20:45

Gold prices climb as dollar weakens after U.S. inflation data, ahead of Brexit vote

MarketWatch Gold prices gained on Tuesday, looking to recoup most of the previous session's losses, with the dollar weakening in the wake of monthly U.S. inflation data, as investors await a vote by U.K. lawmakers on Prime Minister Theresa May's Brexit plan. Gold for April delivery GCJ9, +0.60% rose $6.30, ...
Ed Moya / OANDA   |   Tue, 12 Mar 2019 18:17:01

GBP/USD Technical Analysis: Cable undecided ahead of Brexit Vote

GBP/USD daily chart GBP/USD is trading in a bull trend above its main simple moving averages. GBP/USD is undecided where to go next as investors are awaiting the Brexit Vote. GBP/USD 4-hour chart GBP/USD is trading between the 100 and 200 SMAs suggesting a consolidation phase in the medium-term. GBP/USD ...
FX Street   |   Tue, 12 Mar 2019 18:11:54

Brexit: May in final push to convince MPs to back deal

But the DUP and some leading Brexiteer Tories say they will vote against the PM's revised deal later.
BBC   |   Tue, 12 Mar 2019 17:38:52

Brexit: Theresa May makes final appeal to British lawmakers ahead of crucial vote

British PM Theresa May defended her plan as a good deal compared to a series of unattractive alternative
Reuters / Financial Express   |   Tue, 12 Mar 2019 17:38:16

Live FX Market Analysis - 12 March 2019 (video)

OANDA Senior Market Analyst Craig Erlam previews the trading week and gives the latest on Brexit, including what to expect from the meaningful vote on Tuesday and after. They then give their analysis on EURUSD (7:31), GBPUSD (9:33), EURGBP (20:55), AUDUSD (23:16), USDCAD (24:40), GBPCAD (27:57), NZDUSD (30:08), USDJPY (31:09), ...
Craig Erlam / OANDA   |   Tue, 12 Mar 2019 17:19:39

How the Brexit Vote will unfold in the UK Parliament today

Prime Minister Theresa May traveled to Strasbourg on Monday to secure " legally binding" changes to her Brexit deal -- the same one that was overwhelmingly rejected by Parliament in January.
Bloomberg / Financial Express   |   Tue, 12 Mar 2019 17:04:59

Brexit: why was the Irish border 'backstop' so crucial to Brexit deal defeat?

After a late night dash to Strasbourg on March 11, the British prime minister, Theresa May, said she had agreed "legally binding" changes to the Brexit withdrawal agreement with the European Union. Designed to avoid the UK being kept indefinitely within the so-called Irish backstop, such changes were deemed key ...
Katy Hayward, Reader in Sociology, Queen's University Belfast / The Conversation   |   Tue, 12 Mar 2019 17:01:27

UK avoids 'Brexit black hole' in January, but economy still sluggish - as it happened

Britain grew faster than expected in January, as consumers shake off Brexit anxiety, but the longer-term picture is less rosy Latest: Pound hit by backstop advice Breaking: GDP up by 0.5% in January Fastest monthly growth in two years Services, manufacturing and construction all grew But economy only grew 0.2% ...
Graeme Wearden / Guardian   |   Tue, 12 Mar 2019 16:48:51

Gold edges higher, Brexit vote looms

Gold has edged higher in Tuesday trading, erasing the losses seen on Monday. In the North American session, the spot price for one ounce of gold is $1297.81, up 0.33% on the day. In the U.S., Core CPI edged down to 0.1%, shy of the estimate of 0.2%. CPI remained ...
Kenny Fisher / OANDA   |   Tue, 12 Mar 2019 16:44:23

Tories Somehow Ten Points Ahead Despite Brexit Shambles

Incredibly, a poll conducted over the last five days has given the Tories a 10-point lead over Labour despite the general chaos enveloping the Government over Brexit. The Tories racked up 41% to Labour's 31%, with the gap widening 5 points on the previous month. The TIGgers weren't included in ...
Hugh Bennett / Guy Fawkes' blog   |   Tue, 12 Mar 2019 16:43:20

The Australian view on Brexit: 'What's in it for us?'

Australians have had their fair share of political turbulence in recent years but, as Nick D Miller explains in a new book ,'Do They Mean Us?', many Down Under simply cannot understand Britain's act of self-sabotage
Nick D Miller / The Independent   |   Tue, 12 Mar 2019 16:41:08

Titania McGrath's Stark Brexit Warning

Ahead of today's crucial vote in parliament, here's a reminder of what will come to pass if we don't stop Brexit. - Titania McGrath (@TitaniaMcGrath) March 12, 2019 Titania McGrath has a stark warning of the disasters that will immediately befall the United Kingdom if MPs fail to stop Brexit. ...
Hugh Bennett / Guy Fawkes' blog   |   Tue, 12 Mar 2019 16:20:31

No-deal Brexit will cause fresh food shortages, price hikes and border delays, government believes

Fresh food will run out, prices will rise and UK travellers will face border delays after a no-deal Brexit, civil servants are predicting.
The Independent   |   Tue, 12 Mar 2019 16:02:10

Brexit deal hopes dim ahead of key Brexit vote

Seeking Alpha   |   Tue, 12 Mar 2019 15:55:36

GBP/USD - British pound jumpy ahead of crucial parliament vote

GBP/USD is showing significant swings on Tuesday, moving as much as 1 percent. In North American trade, the pair is trading at 1.3114, down 0.29% on the day. In economic news, sharp British indicators were unable to boost the pound, as they have been overshadowed by the upcoming Brexit vote ...
Kenny Fisher / OANDA   |   Tue, 12 Mar 2019 15:53:52

Theresa May Makes One Last (Croaky) Plea For MPs To Back Her Brexit Deal

Ned Simons / Huffington Post   |   Tue, 12 Mar 2019 15:45:29

May tells MPs: back me or lose Brexit

Prime Minister Theresa May battled to win support for her plans for an orderly Brexit on Tuesday, urging sceptical Conservative Party members to vote for her deal or risk not leaving the European Union at all.
Reuters   |   Tue, 12 Mar 2019 15:38:01

Eurosceptic Rees-Mogg says May's position as PM not in danger in Brexit storm

Conservative eurosceptic member of parliament Jacob Rees-Mogg said he did not believe the position of Theresa May as Britain's prime minister was endangered by the prospect of a likely loss in Tuesday evening's key Brexit vote.
Reuters   |   Tue, 12 Mar 2019 15:37:22

Rees-Mogg: ERG Will Only Vote For Deal if Brexit Itself is Threatened

ERG chair Jacob Rees-Mogg has told Kay Burley that the ERG haven't yet decided which way to vote on the new meaningful vote this evening. JRM says the ERG will be meeting at 5pm to discuss whether the threat of no Brexit is real or Only if Brexit is at ...
Hugh Bennett / Guy Fawkes' blog   |   Tue, 12 Mar 2019 15:34:53

May focused on winning Brexit vote in parliament - spokesman

British Prime Minister Theresa May believes she can win a vote in parliament on her Brexit deal and if she fails her government will set out what happens next, her spokesman said on Tuesday.
Reuters   |   Tue, 12 Mar 2019 15:31:04

Theresa May's no-Brexit warning before 'meaningful vote'

UK prime minister makes last plea to MPs ahead of parliamentary vote
FT   |   Tue, 12 Mar 2019 15:30:10

What Is the Northern Ireland Backstop, and What Does It Mean for Brexit?

The boundary between the Republic of Ireland and Northern Ireland, long the scene of tense checkpoints and violent protest, is once again caught up in a bitter division. When British and European Union leaders carry out the split -- Brexit -- that British voters ordered up, the border between Ireland's ...
Washington Post   |   Tue, 12 Mar 2019 15:30:08

Britain's May tells lawmakers: back me or lose Brexit

Prime Minister Theresa May battled to win support for her plans for an orderly Brexit on Tuesday, urging skeptical Conservative Party members to vote for her deal or risk not leaving the European Union at all.
Reuters   |   Tue, 12 Mar 2019 15:23:10

DUP and Brexiteers reject May's 'improved' Brexit deal

'In the light of our own legal analysis and others we do not recommend accepting the government's motion today,' says Brexiteer Bill Cash.
Charlie Cooper / Politico   |   Tue, 12 Mar 2019 15:18:21

May says delaying Brexit would hand control to EU

Seeking an extension to the Brexit negotiating period would hand control of the process to the European Union, Prime Minister Theresa May said on Tuesday.
Reuters   |   Tue, 12 Mar 2019 15:12:08

Ministers Accused Of Using Brexit To 'Bury Bad News' Over Plan To Scrap A&E Targets

Jasmin Gray / Huffington Post   |   Tue, 12 Mar 2019 15:10:22

Geoffrey Cox chooses law over politics

He had no choice but to rule that nothing has changed with the Brexit backstop
FT   |   Tue, 12 Mar 2019 15:09:36

PM Theresa May: 'This House risks no Brexit at all'

The prime mister urges MPs to accept her Brexit deal, ahead of a key vote in the Commons.
BBC   |   Tue, 12 Mar 2019 15:01:01

The fake social media accounts pushing their Brexit agenda

Far-right political groups have been using fake accounts and co-ordinated behaviour on Twitter to amplify pro-Leave views, according to new research.
Sky   |   Tue, 12 Mar 2019 14:57:00

Brexit: DUP become latest May allies to put boot into her revised deal

The Democratic Unionist Party has dealt Theresa May's Brexit deal another mortal blow by announcing not enough has been made to support it.
The Independent   |   Tue, 12 Mar 2019 14:47:27

May fails to win over her party ahead of Brexit vote

Britain's exit from the European Union hung in the balance on Tuesday after Prime Minister Theresa May's newly won assurances on her divorce deal failed to win over the main Brexit faction in her Conservative Party hours before a vote in parliament.
Reuters   |   Tue, 12 Mar 2019 14:39:54

DUP to vote against Brexit divorce deal - spokesman

The Northern Irish party propping up British Prime Minister Theresa May's minority government will on Tuesday vote against her divorce deal to take Britain out of the European Union, a spokesman for the party said.
Reuters   |   Tue, 12 Mar 2019 14:38:33

May warns MPs 'Brexit could be lost' if they vote down deal

Times of India   |   Tue, 12 Mar 2019 14:35:19

May: Brexit could be lost if exit deal voted down

British Prime Minister Theresa May said that Brexit could be lost if members of parliament reject the exit deal she has negotiated with the European Union at a vote in parliament later on Tuesday.
Reuters   |   Tue, 12 Mar 2019 14:34:55

DUP spokesman: Party will vote against Withdrawal Agreement on Tuesday

A spokesman for the Democratic Unionist Party (UK) recently crossed the wires announcing that the part would vote against British Prime Minister Theresa May's re-negotiated Brexit deal later today. The pound sterling didn't react to this headline as it was already expected and the GBP/USD was last seen trading at ...
FX Street   |   Tue, 12 Mar 2019 14:33:24

DUP: "Sufficient Progress" Not Achieved

A blast from the Brexit jargon past as the DUP put out a statement confirming that in their view "sufficient progress has not been achieved at this time" to address their concerns over the backstop. Without the DUP on board, May has no chance of getting her deal through... The ...
Hugh Bennett / Guy Fawkes' blog   |   Tue, 12 Mar 2019 14:27:50

UK parliament speaker does not select any amendments for Brexit vote

The speaker of Britain's House of Commons, John Bercow, said on Tuesday he had not selected any amendments to the government's motion on approving Prime Minister Theresa May's Brexit deal to be put to a vote later in the day.
Reuters   |   Tue, 12 Mar 2019 14:25:42

British PM May fails to win over her party ahead of Brexit vote

Britain's exit from the European Union hung in the balance on Tuesday after Prime Minister Theresa May's newly won assurances on her divorce deal failed to win over the main Brexit faction in her Conservative Party hours before a vote in parliament.
Reuters   |   Tue, 12 Mar 2019 14:25:32

U.K. Attorney General Deflates Theresa May's Hopes for Significant Brexit Deal Changes

The House of Commons is due to vote later on the divorce deal
DANICA KIRKA and JILL LAWLESS / AP / Time   |   Tue, 12 Mar 2019 14:22:15

Switcher Watch: Which MPs are Switching to Back the Deal?

Despite the damning legal advice from the Attorney General and the Brexit 'Star Chamber' earlier, there are still reports of Tory MPs who are indicating that they will switch to backing the deal today, after opposing it last time. It's going to take a lot to overcome a defeat of ...
Hugh Bennett / Guy Fawkes' blog   |   Tue, 12 Mar 2019 14:19:28

Theresa May Must Call An Election If Brexit Deal Rejected, Says Senior Tory

Ned Simons / Huffington Post   |   Tue, 12 Mar 2019 14:17:13

UK PM May: If deal is rejected then Brexit could be lost

British Prime Minister Theresa May is delivering her remarks in the House of Commons ahead of the crucial meaningful vote on her re-negotiated Brexit deal. Key quotes (via Reuters) If deal is rejected then Brexit could be lost. Government has worked hard to secure improved Brexit deal.
FX Street   |   Tue, 12 Mar 2019 14:14:38

GBP/USD Technical Analysis: Retakes 1.3100 mark and beyond ahead of the crucial Brexit vote

• The pair stalled its sharp intraday downfall near the very important 200-day SMA and staged a remarkable recovery of around 130-140 pips from the key 1.30 psychological mark. • The pair's resilience near the mentioned support clearly points to traders reluctant to place any aggressive bets ahead of the ...
FX Street   |   Tue, 12 Mar 2019 14:10:56

Brexit: Cox advice provides no cover for May deal

The FT's Lionel Barber and Robert Shrimsley say PM's hopes hit by legal advice on backstop
FT   |   Tue, 12 Mar 2019 14:09:01

HSBC: Weakening Asia Business And Brexit Uncertainty

Seeking Alpha   |   Tue, 12 Mar 2019 14:06:13

UK attorney general urges MPs to back Brexit deal

British Attorney General Geoffrey Cox has urged members of parliament to back Theresa May's Brexit deal, speaking after the publication of his legal advice on the prime minister's latest assurances on the Irish backstop.
CNN   |   Tue, 12 Mar 2019 13:52:44

On Brexit, The Country Is Going To The Reservoir Dogs

Paul Ovenden / Huffington Post   |   Tue, 12 Mar 2019 13:50:41

Drama Over Possible 'Hard' Irish Border Stands In Way Of Brexit Deal

LONDON (AP) - The issue of a possible physical border between the United Kingdom's Northern Ireland and the Republic of...
Summer Concepcion / TPM   |   Tue, 12 Mar 2019 13:48:51

The pound's make or break moment is getting closer

The pound's make or break moment is creeping closer.
CNN   |   Tue, 12 Mar 2019 13:43:55

Theresa May's Brexit Deal Is 'Dead' As DUP And Tory Brexiteers Confirm Opposition

Arj Singh / Huffington Post   |   Tue, 12 Mar 2019 13:36:50

French Custom Officials 'Reduce Student, 19, To Tears During Brexit Simulation'

George Bowden / Huffington Post   |   Tue, 12 Mar 2019 13:31:35

US Dollar Index fades the uptick to 97.30, back near 97.00

The index loses upside traction near 97.30. US headline consumer prices rose 0.2% MoM in February. Attention remains on the Brexit vote later in the day. The greenback, in terms of the US Dollar Index (DXY), clings to its daily gains around the 97.00 despite the mixed results from the ...
FX Street   |   Tue, 12 Mar 2019 13:27:23

UK growth may be modest, but that's enough for Hammond

GDP figures defying the gloomy forecasts will bring cheer before the chancellor's spring statement Surveys of business have been universally bleak. The Bank of England and the Organisation for Economic Cooperation and Development have cut their growth forecasts. Warnings from multinational companies about the consequences of a no-deal Brexit have ...
Larry Elliott Economics editor / Guardian   |   Tue, 12 Mar 2019 13:21:39

Pro-Brexit Conservative group say they will not vote for May's Brexit deal

An influential pro-Brexit faction of members of parliament in Prime Minister Theresa May's Conservatives said on Tuesday it would not be voting for her Brexit deal as the assurances received from the European Union did not meet the tests the government set itself.
Reuters   |   Tue, 12 Mar 2019 13:21:25

Brexit: Hardline anti-EU Tories deliver second major blow to May's revised deal as they urge MPs to reject plan

Theresa May's hopes of getting her Brexit deal through parliament has been deal another devastating blow after committee of leading Tory Eurosceptics recommended that MPs reject the plan.
Benjamin Kentish / The Independent   |   Tue, 12 Mar 2019 13:20:00

GBP/USD rebounds after intraday crash; remains capped below 1.3100 mark ahead of Brexit vote

The GBP/USD pair trimmed a part of the mid-European session slump, albeit remained capped below the 1.3100 handle amid a flurry of incoming Brexit headlines. The pair lost nearly 200-pips and tumbled to the key 1.30 psychological mark in what could be termed as a knee-jerk reaction to the UK ...
FX Street   |   Tue, 12 Mar 2019 13:17:32

Geoffrey Cox says Brexit backstop legal risks remain

Attorney-general highlights risk of UK being trapped in Irish backstop after EU divorce
FT   |   Tue, 12 Mar 2019 13:14:53

Brexit assurances significantly reduce risk of being trapped in backstop - Cox

The assurances Prime Minister Theresa May won from the European Union on her Brexit deal late on Monday make "significant reductions" in the risk of Britain being trapped in the so-called backstop, Attorney General Geoffrey Cox said on Tuesday.
Reuters   |   Tue, 12 Mar 2019 13:08:03

Brexit 'Star Chamber' Advises MPs Against Voting For the Deal

The 'Star Chamber' of Brexit lawyers have delivered their own verdict on Theresa May's revised deal following Geoffrey Cox's fatal advice earlier, concluding that it does not meet the tests the Government set itself. Sir Bill Cash MP says that "in the light of our own legal analysis and others ...
Hugh Bennett / Guy Fawkes' blog   |   Tue, 12 Mar 2019 13:05:48

Merkel: EU has made final, far-reaching proposals on Brexit

German Chancellor Angela Merkel said on Tuesday the European Union had made far-reaching proposals to Britain on Brexit to ease its concerns and this was the final offer.
Reuters   |   Tue, 12 Mar 2019 13:03:50

Why won't MPs be voting on a Final Say referendum this week?

As things stand, there are currently 283 MPs who support a second referendum, which means there are 355 against. So it makes sense for supporters of giving the people another vote on Brexit to bide their time
John Rentoul / The Independent   |   Tue, 12 Mar 2019 13:01:57

May's ministers backed her Brexit deal - spokesman

Prime Minister Theresa May's top team of ministers gave its backing to the new assurances she received from the European Union on her exit deal, May's spokesman said.
Reuters   |   Tue, 12 Mar 2019 12:59:49

MPs must make political judgement about May's Brexit deal - attorney general

Britain's top lawyer Geoffrey Cox said on Tuesday members of parliament needed to make a political judgement about whether they were willing to accept reassurances on Prime Minister Theresa May's Brexit deal.
Reuters   |   Tue, 12 Mar 2019 12:58:28

DUP set to vote down Brexit deal, will first listen to top lawyer - UTV

The Northern Irish party propping up the British Prime Minister's government is set to vote against her EU divorce deal but will first listen carefully to her top lawyer's statement in parliament, the political editor of Northern Ireland's UTV said.
Reuters   |   Tue, 12 Mar 2019 12:55:50

What's happening this week?

MPs are gearing up for a big vote on Theresa May's Brexit deal on Tuesday - here are the basics.
BBC   |   Tue, 12 Mar 2019 12:49:16

UK Economy Grows at Fastest Pace in 25 Months

The UK economy is continue to defy all the experts' predictions that it should be in crisis now with Brexit fast approaching. The latest ONS figures for January found 0.5% monthly growth - the biggest single increase in monthly output since 2016. And more than double economists' forecasts of 0.2%... ...
Hugh Bennett / Guy Fawkes' blog   |   Tue, 12 Mar 2019 12:48:08

Pound falls sharply on Brexit deal advice

Sterling drops two cents after attorney general says new Brexit deal doesn't tackle key objections.
BBC   |   Tue, 12 Mar 2019 12:47:14

EUR/USD regains 1.1280 post-US CPI, focused on Brexit

The pair keeps the familiar range in the upper-1.1200s on US CPI. US headline consumer prices rose 0.2% MoM in February. Focus remains on the Brexit vote later today. The upbeat momentum remains well and sound around the shared currency, with EUR/USD now retaking the 1.1275/80 band in the wake ...
FX Street   |   Tue, 12 Mar 2019 12:44:56

UK Attorney General's view on revised Brexit deal

The British government's top lawyer said on Tuesday that the revised Brexit deal reached by Prime Minister Theresa May and the EU did not change the legal risk of Britain being trapped indefinitely in a so-called backstop arrangement.
Reuters   |   Tue, 12 Mar 2019 12:44:10

UK Attorney General Throws Cold Water On May's Brexit Deal

LONDON (AP) - Britain's attorney general punctured Prime Minister Theresa May's hopes of winning backing for her Brexit deal Tuesday,...
Cristina Cabrera / TPM   |   Tue, 12 Mar 2019 12:43:31

UK Attorney General Cox: PM May secured legally-binding changes with EU

British Attorney General Cox is now delivering his remarks on the legal assessment of Prime Minister Theresa May's re-negotiated Brexit deal. Key quotes (via Reuters) Joint instrument confirms that EU cannot pursue the objective of trying to trap the UK in backstop indefinitely. Event of EU, UK not reaching an ...
FX Street   |   Tue, 12 Mar 2019 12:41:29

What is the Brexit backstop and why is it so important?

The exit deal's most contentious feature forces both sides to make big choices
FT   |   Tue, 12 Mar 2019 12:39:23

UK might never leave EU if Prime Minister's Tuesday vote fails

CNN   |   Tue, 12 Mar 2019 12:39:00

Reverse course: stocks, sterling fall as Brexit optimism evaporates

A rally across global stocks and sterling triggered by last-minute tweaks to Britain's deal to exit the European Union evaporated on Tuesday as comments from the government's top lawyer raised fresh doubts the new terms won't sway lawmakers.
Reuters   |   Tue, 12 Mar 2019 12:38:00

Morning Charts 03/12/2019 SPX

ZH with several good looks this AM.Intriguing - more intriguing - make you feel safe and sound - conservative/truth channel banned - great Anon post on FB being a C_A spying device - to the lie -Consolidation under major resistance continues as the potential rollover makes its attempt. BREXIT looms ...
Shanky / Shanky   |   Tue, 12 Mar 2019 12:34:00

Brexit Vote Day

I admit I find that the vote hinges on the so-called which is kind of a fiction about a fiction rather hilarious, but stupid people and herd behavior brings us to funny places.I try not to make predictions, especially about the future, but I'll predict...May wins!
Atrios / Eschaton   |   Tue, 12 Mar 2019 12:31:00

May's secretaries backed her Brexit deal - spokesman

Prime Minister Theresa May's top team of ministers gave its backing to the new assurances she received from the European Union on her exit deal, May's spokesman said.
Reuters   |   Tue, 12 Mar 2019 12:30:22

UK Brexit secretary: legal advice does not show failure of May's deal

British Brexit secretary Stephen Barclay rejected claims on Tuesday that new legal advice on a revised divorce deal with the European Union showed Prime Minister Theresa May had failed to achieve meaningful concessions.
Reuters   |   Tue, 12 Mar 2019 12:27:29

The non-Brits' guide to Brexit, Part II

A few years ago -- and again last year -- we published a Guide to Understanding Brexit, geared toward non-Brits.
CNN   |   Tue, 12 Mar 2019 12:27:22

DUP says 'no': cannot see how they can back May's deal - FT

The Northern Irish party which props up Theresa May's minority government in parliament cannot see how it can back the prime minister's Brexit deal in a vote on Tuesday, the Financial Times reported.
Reuters   |   Tue, 12 Mar 2019 12:26:40

Legal advice blows chances of MPs backing Brexit deal

Last minute add-ons to the Brexit deal do not give UK unilateral exit from the backstop.
Tom McTague / Politico   |   Tue, 12 Mar 2019 12:25:02

Brexit news: Rees-Mogg and Brexiteer Tories signal they will vote down May's deal again

'It's back to square one - we can't leave [the backstop] without the EU agreeing'
Rob Merrick / The Independent   |   Tue, 12 Mar 2019 12:24:00

May's deal gives most people most of what they want - eurosceptic MP

British Prime Minister Theresa May's Brexit deal gives most people most of what they want, eurosceptic Conservative lawmaker Andrew Murrison said on Tuesday.
Reuters   |   Tue, 12 Mar 2019 12:21:05

EUR/GBP rebounds above 0.86 on concerns over MPs not backing May's Brexit deal

Attorney General Cox's legal advice puts PM May's deal in jeopardy. US Dollar Index recovers above 97.20. Upbeat data from the UK failed to help GBP ahead of the meaningful vote. The EUR/GBP pair, which lost nearly 150 pips on Monday after British Prime Minister said that she secured legally ...
FX Street   |   Tue, 12 Mar 2019 12:16:38

Conservative eurosceptics told May to delay Brexit vote - MP

Eurosceptic members of parliament in Prime Minister Theresa May's Conservative Party made the case to her to delay Tuesday's vote on her revised Brexit deal, Conservative MP Andrew Bridgen said.
Reuters   |   Tue, 12 Mar 2019 12:15:25

Brexit Britain's weakness exposed in US trade deal documents

The US has published its objectives for a proposed trade agreement with the UK - and its thinking highlights just how weak Britain's bargaining position will be in the post-Brexit global economy. The US trade representative outlines many of the usual ways to increase trade between the two countries - ...
Michael Plouffe, Lecturer in International Political Economy, UCL / The Conversation   |   Tue, 12 Mar 2019 12:07:25

DAX dips as investors eye crucial Brexit vote

The DAX has posted slight losses on Tuesday. Currently, the DAX is at 11,517, up 0.24% on the day. On the release front, there are no German or eurozone events. On Wednesday, the eurozone releases industrial production. With no fundamentals out of Germany or the eurozone, much of the market ...
Kenny Fisher / OANDA   |   Tue, 12 Mar 2019 12:03:49

MPs to vote on May's Brexit deal with 'legally binding' changes

Parliament to judge prime minister's withdrawal agreement in second meaningful vote, having rejected previous plan.
Al Jazeera   |   Tue, 12 Mar 2019 12:03:36

No-deal Brexit: What could day one look like? From transport chaos to medical meltdown

As public anger and fear swells, Brexiteers give defensive media interviews. Some blame the chaos on the government's failure to plan adequately. Others blame the EU for deliberately sabotaging the UK economy and demand retaliation. Others call for martial law
Ben Chu / The Independent   |   Tue, 12 Mar 2019 12:00:00

Dollar Playing Second Fiddle To Brexit

Seeking Alpha   |   Tue, 12 Mar 2019 11:59:14

GBP/JPY plummets below 145.00 mark after Cox comments on Brexit deal

• GBP plunges after UK Attorney General gives trashes May's last-minute deal with the EU. • Cox says that the UK will have no lawful means of leaving the Irish Backstop arrangement. The GBP/JPY cross plunged back below the key 145.00 psychological mark in the last hour, albeit quickly recovered ...
FX Street   |   Tue, 12 Mar 2019 11:57:28

Theresa May claims Brexit breakthrough ahead of crunch vote

The move is aimed at addressing the concerns of hard-Brexiteers in her own Conservative Party and the Northern Irish Democratic Unionist Party (DUP), which provides her government with its majority in the House of Commons.
PTI / Financial Express   |   Tue, 12 Mar 2019 11:51:58

GBP/USD rebounds from lows near 1.3000 ahead of Brexit vote

Cable quickly loses momentum and drops near 1.3000. UK AG G.Cox said the legal risk of Brexit deal is intact. The House of Commons will vote later today on May's plan. After clinching fresh tops in the proximity of the 1.3300 handle during early trade, GBP/USD is now shedding around ...
FX Street   |   Tue, 12 Mar 2019 11:48:14

UK Brexit Sec Barclay: Revised deal does allow for concerns about UK being trapped in backstop

Additional comments from British Brexit Secretary Barclay continue to cross the wires as he speaks on Sky News. Key quotes (via Reuters) Revised deal does allow for concerns about UK being trapped in backstop. Do not accept that UK Attorney conclusion on Brexit deal has not changed.
FX Street   |   Tue, 12 Mar 2019 11:45:55

Brexit backstop has not been rewritten or 'undermined' by new agreement, says Ireland PM Varadkar

'It does not reopen the withdrawal agreement or undermine the backstop or its application' says Leo Varadkar
Jon Stone / The Independent   |   Tue, 12 Mar 2019 11:40:00

UK Brexit strategy 'in tatters' after government's legal advice - Labour's Starmer

The British government's Brexit strategy is "in tatters" after the publication of legal advice on changes to a deal to take Britain out of the European Union, the Labour Party opposition's Brexit chief Keir Starmer said on Tuesday.
Reuters   |   Tue, 12 Mar 2019 11:38:22

UK economy rebounds in January despite Brexit uncertainty

Monthly GDP growth posts biggest rise since December 2016 after weak end to year The British economy staged an unexpected fightback in January as manufacturing and retail sales growth recovered from a weaker end to last year, despite mounting uncertainty over Brexit. The Office for National Statistics said that monthly ...
Richard Partington Economics correspondent / Guardian   |   Tue, 12 Mar 2019 11:36:30

UK Brexit Sec Barclay: We are far less likely to go into the backstop

British Brexit Secretary Barclay is now on Sky News, commenting on the legal advice of Attorney General Cox on PM May's tweaked Brexit deal with key quotes, via Reuters, found below. We are far less likely to go into the backstop. There is no set end date to Irish backstop.
FX Street   |   Tue, 12 Mar 2019 11:32:14

Blain On Brexit: "MAKE IT STOP"

Blain's Morning Porridge, submitted by Bill Blain Damn these Americans... I was woken late last night by an American client asking for my thoughts on the deal Theresa May struck with Old Man Junker late last night. Having "no idea" isn't normally a hinderance to Blain expressing an opinion, but ...
Tyler Durden / Zero Hedge   |   Tue, 12 Mar 2019 11:31:47

Gold loses momentum before reaching $1300, clings to small gains ahead of US CPI data

Greenback gains traction in the last hour. Brexit headlines weigh on market sentiment. Markets expect annual core CPI in the U.S. to remain steady at 2.2% in February. After closing the previous day with small losses, the XAU/USD pair staged a modest rebound during the first half of the day ...
FX Street   |   Tue, 12 Mar 2019 11:27:52

German official: Don't see any opportunity to negotiate further on Brexit

Germany's European Affairs Minister said Brexit assurances Britain got from the European Union amounted to a "far-reaching compromise" for the EU and he hoped Britain's parliament would adopt the deal as there was no opportunity to negotiate further.
Reuters   |   Tue, 12 Mar 2019 11:25:39

UK plan to trade with Commonwealth nations after Brexit is 'utter b**locks', former Australian PM says

'For Britain's economic self-interest, as well as the wider political interests of the western community of nations, Britain should remain in the EU', Kevin Rudd argues
Samuel Osborne / The Independent   |   Tue, 12 Mar 2019 11:24:03

May Brexit vote hopes dealt blow by legal opinion

Attorney-general says risk of UK remaining trapped in Irish backstop after EU divorce is unchanged
FT   |   Tue, 12 Mar 2019 11:23:10

Brexit legal advice: Permanent backstop risk 'remains unchanged'

Labour's Keir Starmer said 'the government's strategy is now in tatters.'
Charlie Cooper / Politico   |   Tue, 12 Mar 2019 11:19:42

Futures Slide, Rally Fizzles Ahead Of Brexit Meaningful Vote

An overnight stock rally fizzled, futures dropped and the pound tumbled, erasing all of its Monday gains as the latest risk-on mood faded away after Theresa May struck a new deal ahead of today's meaningless meaningful vote, which UK bookies still see May losing resulting in even more confusion over ...
Tyler Durden / Zero Hedge   |   Tue, 12 Mar 2019 11:17:57

KBC Bank: Brexit headlines remain a wildcard for EUR today

KBC Bank analysts suggest that for the EUR/USD pair, the picture remains rather cautious/diffuse as it is influenced both by domestic EMU related issues (ECB etc.) but also by the market view on global growth. Key Quotes "Yesterday, positive risk sentiment turned out to be mildly EUR/USD supportive. Still, the ...
FX Street   |   Tue, 12 Mar 2019 11:13:14

Brexit news: Hammer blow for May as attorney general says her renegotiated deal can still leave UK in backstop against its will

Mr Cox did say the prime minister's efforts had reduced the risk of the UK being trapped in the backstop indefinitely
Joe Watts / The Independent   |   Tue, 12 Mar 2019 11:13:00

Pound Tumbles As Attorney General Trashes May's Last-Minute Deal With EU

For a brief moment, the notion that Theresa May had finally wrested a crucial concession from the EU - namely, that it had agreed to grant the UK "legally binding assurances" that it could unilaterally exit the Irish Backstop in the event of a deal deadlock - seemed too good ...
Tyler Durden / Zero Hedge   |   Tue, 12 Mar 2019 11:12:23

Brexit News Archive: 12 Mar 2019     |     enquire