Brexit News Archive: 13 Mar 2019

How pro-EU MPs humbled May on no-deal Brexit

Europhile Conservative MPs helped inflict defeat on prime minister
FT   |   Wed, 13 Mar 2019 22:51:10

A third big Brexit vote?

MPs have rejected a no-deal Brexit. The BBC's Chris Mason explains what might happen next.
BBC   |   Wed, 13 Mar 2019 22:50:07

Ford fears double-whammy from May's no-deal Brexit tariffs

Ford Motor Co. said it will be hit twice by U.K. tariffs to be imposed in the event of a no-deal Brexit.The U.S. company, which ...
No Author / Japan Times   |   Wed, 13 Mar 2019 22:45:03

British MPs vote to reject no-deal Brexit

British MPs voted to reject a no-deal Brexit on Wednesday, prompting Prime Minister Theresa May to announce she will put her EU divorce plan to parliament for a third time in the coming days. May said the "logical consequence" of the votes was for MPs now to decide if they ...
Times of India   |   Wed, 13 Mar 2019 22:33:57

May could be losing her way to Brexit victory

Latest Commons defeat may be what helps prime minister pass her deal
FT   |   Wed, 13 Mar 2019 22:33:14

Brexit votes go as planned; key China data in focus

Brexit - Parliament votes to reject No-Deal Brexit anytime USD - Dollar sinks as risk appetite dwindles Stocks - S&P 500 recaptures 2,800 but well-off highs after FAA reverses stance on 737s Treasuries - Demand falls on 30 year Oil - Extends gain as dollar remains under pressure Gold - ...
Ed Moya / OANDA   |   Wed, 13 Mar 2019 22:31:20

Gold: Bulls emphasize USD moves more than market optimism to aim for $1315

Gold trades near $1309 at the start of Asian trading on Thursday. Buyers prefer the bullion amid USD weakness, weighing less on Brexit driven positivity. Developments concerning US-China trade talk, Brexit and China data should be observed carefully. Gold prices around $1309 during the initial hour of Asian trading on ...
FX Street   |   Wed, 13 Mar 2019 22:27:57

Brexit set for delay after May wounded by rejection of 'no-deal'

The British parliament on Wednesday rejected leaving the European Union without a deal, further weakening Prime Minister Theresa May and paving the way for a vote that could delay Brexit until at least the end of June.
Reuters   |   Wed, 13 Mar 2019 22:26:45

What The Hell Happened? Humiliated May Fights For Political Life With Final Brexit Gamble

Paul Waugh / Huffington Post   |   Wed, 13 Mar 2019 22:23:21

Pound jumps to nine-month high

Sterling rises more than 2% after Parliament rejects a no-deal Brexit.
BBC   |   Wed, 13 Mar 2019 22:18:12

Theresa May asks for one more week

Prime minister's latest move effectively creates a seven-day deadline for MPs to sign off on her Brexit deal.
Tom McTague / Politico   |   Wed, 13 Mar 2019 22:07:52

Theresa May planned to defeat herself, then decided not to defeat herself by defeating herself, then lost. To herself

The House of Commons was a Benny Hill chase on acid, running through a Salvador Dali painting in a spaceship on its way to mad infinity and beyond
Tom Peck / The Independent   |   Wed, 13 Mar 2019 22:03:27

How did my MP vote on no-deal?

Check how your MP voted in the latest Brexit vote.
BBC   |   Wed, 13 Mar 2019 21:53:33

NZD/USD: Greenback weakness, Brexit optimism offer positive start, all eyes on China data

NZD/USD trades near 0.6860 during early Thursday. The USD weakness and market optimism offer a good start to the day. Traders still await China data for fresh impulse. NZD/USD is on bids near 0.6860 at the start of Asian trading on Thursday. The quote took advantage of greenback weakness and ...
FX Street   |   Wed, 13 Mar 2019 21:51:40

How did your MP vote on no-deal Brexit motion?

Parliamentarians reject possibility of leaving EU without a withdrawal agreement by 321 to 278
Colin Drury / The Independent   |   Wed, 13 Mar 2019 21:45:00

U.K. Parliament votes against no-deal Brexit, paving way for delay

Britain's Parliament voted to avoid an economically disastrous no-deal split from the European Union, opening the door to delaying Brexit and radically re-writing the terms ...
No Author / Japan Times   |   Wed, 13 Mar 2019 21:30:37

Brexit latest: Theresa May launches bid for third 'meaningful' vote that would delay EU departure until June

Britain's departure from the EU looks set to be delayed until June after Theresa May launched a desperate last ditch bid to make MPs vote on her Brexit deal a third time.
Joe Watts / The Independent   |   Wed, 13 Mar 2019 21:23:00

British lawmakers defy May to reject no-deal Brexit, to vote on three-month delay

British lawmakers on Wednesday rejected leaving the European Union without a deal in any scenario, paving the way for a vote to seek to delay Brexit until at least the end of June.
Reuters   |   Wed, 13 Mar 2019 21:18:28

MPs defy May to reject no-deal Brexit, to vote on three-month delay

MPs on Wednesday rejected leaving the European Union without a deal in any scenario, paving the way for a vote to seek to delay Brexit until at least the end of June.
Reuters   |   Wed, 13 Mar 2019 21:15:48

Brexit latest: Which Conservative cabinet ministers abstained on no-deal vote?

Members of Theresa May's cabinet defied government whip on motion to prevent UK leaving EU without withdrawal agreement
Benjamin Kentish, Chiara Giordano / The Independent   |   Wed, 13 Mar 2019 21:08:00

EUR/GBP drops to lowest since May 2017 after Brexit votes

Pounds jumps across the board after UK Parliament blocks a no-deal Brexit. On Thursday, MPs will debate and vote on a motion to extending Article 50. EUR/GBP heads for the lowest close since May 2017. The pound accelerated to the upside after the UK Parliament voted to rejected a no-deal ...
FX Street   |   Wed, 13 Mar 2019 21:06:01

Question of the Day: British Parliament

I am listening to the live debate in the House of Commons about the vote, which just took place voting down a "no-deal Brexit," 321-278, close enough to make us a little nervous. Some MPs are up in arms that the ... Continue reading →
macromon / Global Macro Monitor   |   Wed, 13 Mar 2019 21:05:39

Give us Brexit options or parliament will take over Brexit: Labour lawmaker

The government must come up with plans to allow parliament to vote on a series of options to break the impasse over Brexit or lawmakers will take over Britain's departure from the European Union, an opposition Labour lawmaker said on Wednesday.
Reuters   |   Wed, 13 Mar 2019 21:02:02

Brexit vote: May to promise delay until June or beyond after no-deal blow - live

FT   |   Wed, 13 Mar 2019 21:01:22

Give us Brexit options or parliament will take over Brexit - Labour MP

The government must come up with plans to allow parliament to vote on a series of options to break the impasse over Brexit or lawmakers will take over Britain's departure from the European Union, a Labour MP said on Wednesday.
Reuters   |   Wed, 13 Mar 2019 21:01:14

MPs vote to reject no-deal Brexit ... but it could still happen

CNN   |   Wed, 13 Mar 2019 20:56:10

British lawmakers reject a no-deal Brexit, paving the way for the UK's departure from the EU to be delayed

British lawmakers have decisively rejected a no-deal Brexit, inflicting another heavy defeat on Britain's embattled Prime Minister and paving a way for the UK's departure from the EU to be delayed.
CNN   |   Wed, 13 Mar 2019 20:54:53

We will keep voting down PM May's deal, says senior UK eurosceptic

Senior eurosceptic British lawmaker Steve Baker said on Wednesday he would keep voting against Prime Minister Theresa May's Brexit deal if it was put before parliament again.
Reuters   |   Wed, 13 Mar 2019 20:52:51

Brexit vote result - LIVE: Cabinet ministers rebel as Theresa May's bid to keep no-deal Brexit on the table ends in yet another humiliating defeat

Follow The Independent's live coverage of the day's political events
Ashley Cowburn, Shehab Khan / The Independent   |   Wed, 13 Mar 2019 20:52:00

PM May's statement after lawmakers reject no-deal Brexit

Below is a text of the statement Prime Minister Theresa May delivered to the House of Commons after MPs voted to reject leaving the European Union without a deal in any scenario.
Reuters   |   Wed, 13 Mar 2019 20:49:25

EU Official Says 'No-Deal' Vote Won't Halt Brexit

The European Commission warns that Britain must agree to a deal to leave the European Union.
The Associated Press / truthdig   |   Wed, 13 Mar 2019 20:47:24

MPs reject no-deal Brexit in any circumstance

MPs on Wednesday rejected leaving the European Union without a deal in any scenario, paving the way for a vote to delay Brexit to seek a way out of the country's worst political crisis in generations.
Reuters   |   Wed, 13 Mar 2019 20:42:49

Theresa May will seek to delay Brexit after another defeat

CNN   |   Wed, 13 Mar 2019 20:41:20

No one should be happy with rejection of no-deal

Brexit is due to happen on March 29, and the UK is sprinting to that finish line with absolutely no idea of what will happen.
CNN   |   Wed, 13 Mar 2019 20:40:05

Brexit motion to be put to UK parliament on Thursday

Following is the motion to be put to MPs in the House of Commons on Thursday by the government of Prime Minister Theresa May:
Reuters   |   Wed, 13 Mar 2019 20:36:22

Making Britain great again: Shared values made my generation proud, Brexit is a huge distraction

At a conference in Bengaluru recently, i explained to a confused fellow delegate the difference between England, Great Britain, the United Kingdom and British Isles. We were talking about what Brexit meant, and my clarification...
Pratik Dattani / Times of India   |   Wed, 13 Mar 2019 20:30:07

UK government will propose delay until June 30 if deal approved

Britain's government will propose on Thursday to seek a delay to Brexit until June 30 if parliament approves a deal to leave the European Union by March 20, the parliamentary Speaker said on Wednesday.
Reuters   |   Wed, 13 Mar 2019 20:23:47

Cabinet Ministers Defy Theresa May's Orders In Massive Breakdown Of Collective Responsibility

Arj Singh / Huffington Post   |   Wed, 13 Mar 2019 20:23:03

May - Britain could face long Brexit delay if no consensus found

Britain could face a long delay to Brexit if MPs cannot agree a way forward in coming days, Prime Minister Theresa May said after MPs voted to reject leaving the European Union without a deal in any circumstance.
Reuters   |   Wed, 13 Mar 2019 20:21:03

OBR caps UK growth forecast at 1.2% but says five-year outlook bright

Forecaster's mid-term outlook buoyed by £50bn in tax increases, despite low growth and falling house prices in 2019 Britain's economy will struggle to grow by more than 1.2% this year as Brexit uncertainty hits business investment and sends house prices into reverse for the first time since the 2008 financial ...
Phillip Inman / Guardian   |   Wed, 13 Mar 2019 20:16:00

Euronews exclusive: 'Negotiations are over,' says Michel Barnier on Brexit deal

It is one of the clearest indications yet that any bid by the UK to prolong Article 50 will not be straightforward.
euronews   |   Wed, 13 Mar 2019 20:13:41

UK Parliament Set For Brexit Delay Vote After Refusing To Leave EU Without Deal

STRASBOURG, France (AP) - British Prime Minister Theresa May says Parliament will vote Thursday on whether to seek a delay to Britain's...
Summer Concepcion / TPM   |   Wed, 13 Mar 2019 20:13:38

EUR/GBP Technical Analysis: Market under pressure as Sterling gains on Brexit news

EUR/GBP 30-minute chart EUR/GBP is trading below its main SMAs suggesting bearish momentum in the short-term. The break below 0.8550 can lead to 0.8500 key support. Resistances are at 0.8550, 0.8580 and 0.8600 level. Additional key levels EUR/GBP Overview: Today Last Price: 0.8549 Today Daily change: -84 pips Today Daily ...
FX Street   |   Wed, 13 Mar 2019 20:08:25

Parliament wields muscle with no-deal rejection

May suffers fresh Commons defeats on votes to kill off hard Brexit
FT   |   Wed, 13 Mar 2019 20:08:13

MPs vote against no-deal Brexit - but what does that actually mean?

Parliament has voted against leaving the European Union without "a deal". Having lost a second vote on her withdrawal agreement on March 12, May agreed to let MPs vote on whether they would accept leaving the EU without a deal on March 13. They voted 321 to 278 against no ...
Christoph Meyer, Professor of European and International Politics, King's College London / The Conversation   |   Wed, 13 Mar 2019 20:06:53

GBP/USD soars as UK Parliament blocks a no-deal Brexit

UK Parliament votes to reject a no-deal Brexit. Political uncertainty reins amid rumors of resignations from the UK cabinet. Cable spikes to 1.3277 and pulls back modestly. The GBP/USD pair rose after the Brexit related votes at the UK Parliament. It reached a fresh daily high at 1.3280 and pulled ...
FX Street   |   Wed, 13 Mar 2019 20:06:15

UK Parliament rejects no-deal Brexit, to vote gain on Thursday

The House of Commons voted against the deal by 312 votes to 308.
PTI / Financial Express   |   Wed, 13 Mar 2019 20:04:55

British Lawmakers Reject Brexit Plan to Leave EU Without Exit Deal

British lawmakers voted 312 to 308
Associated Press / Time   |   Wed, 13 Mar 2019 20:03:10

Britain eyes Brexit 'no-deal' trade shift to China from EU

Britain on Wednesday unveiled a contingency trade policy that favors global giants such as China over EU countries in case of a messy divorce from ...
No Author / Japan Times   |   Wed, 13 Mar 2019 20:02:26

Brexit: Opposition leader, Corbyn, offers some options

Jeremy Corbyn is floating options following yet another defeat for PM May in The House of Commons today: Customs union Second referendum "Norway plus He says that Parliament must now take control and will seek cross-party support.
FX Street   |   Wed, 13 Mar 2019 20:02:11

Stocks Short-Squeeze Higher But Bonds Bid As Quad-Witch Bias Builds

Seriously... China stocks plunge, US earnings tumbling, US macro data disappointment, Brexit uncertainty, bond yields plunge and still US stocks surge (we'll explain why below)... Chinese markets collapsed overnight with ChiNext plunging over 6% from Monday's highs... While China tumbled, European markets rallied with DAX outperforming on some positive economic ...
Tyler Durden / Zero Hedge   |   Wed, 13 Mar 2019 20:02:10

Brexit Is Already Affecting UK Businesses - Here's How

According to a survey of over 7,000 business leaders in the UK.
Gregory Thwaites / HBR   |   Wed, 13 Mar 2019 20:00:08

MPs back proposal to take 'no deal' Brexit off the table

Britain's parliament on Wednesday backed a proposal for Prime Minister Theresa May to completely rule out a 'no deal' Brexit, something she has said was impossible to do.
Reuters   |   Wed, 13 Mar 2019 19:59:30

British lawmakers reject no-deal Brexit in any circumstance

British lawmakers on Wednesday overwhelmingly rejected leaving the European Union without a deal, paving the way for a vote to delay Brexit to seek a way out of Britain's worst political crisis in generations.
Reuters   |   Wed, 13 Mar 2019 19:58:10

PM May speaks and says: I will repeat what I have said before

"The default, in U.K. and EU law, remains that the U.K. will leave without a deal unless something else is agreed." PM May acknowledges that a clear majority voted to reject a no-deal Brexit, but then emphasizes the legal default remains precisely that "unless something else is agreed."
FX Street   |   Wed, 13 Mar 2019 19:55:30

Britain explores next steps for Brexit as lawmakers reject leaving EU without a deal

The day after resoundingly rejecting British Prime Minister Theresa May's Brexit withdrawal agreement, lawmakers Wednesday narrowly voted against leaving the European Union without any deal at all in hopes of avoiding almost certain economic chaos. Parliament's vote of 312 to 308 indicated that,...
Christina Boyle / LA Times   |   Wed, 13 Mar 2019 19:50:00

UK parliament rejects amendment seeking a delay to Brexit

British MPs have rejected the amendment which sought to delay Brexit until May 22 for further preparations to take place in order to mitigate the impact of a no-deal Brexit should no agreement be reached.
CNN   |   Wed, 13 Mar 2019 19:49:45

Brexit news: Labour abandons support for referendum on Theresa May's deal

Party now says it would 'not be right' for public to be given Final Say vote on prime minister's plan after it was again rejected by MPs
Benjamin Kentish / The Independent   |   Wed, 13 Mar 2019 19:49:35

EU acts to cut UK clearing house risk after Brexit

Rules could ultimately force businesses to move to retain contracts with EU clients
FT   |   Wed, 13 Mar 2019 19:47:37

GBP/JPY Technical Analysis: Sterling spikes up above 147.00 level on Bexit vote

GBP/JPY 30-minute chart Brexit: The Commons voted 312-308 on amendment to block no-deal Brexit. GBP/JPY is trading above its main SMAs suggesting a bullish momentum in the short-term. The break above 147.25 might lead to 148.00 and 148.50 resistances. Supports are at 146.60, 145.25 and 144.75 level. Additional key levels ...
FX Street   |   Wed, 13 Mar 2019 19:45:41

British MPs narrowly reject no-deal Brexit

British lawmakers voted on Wednesday to reject leaving the European Union without an agreement, after Prime Minister Theresa May’s Brexit plan was overwhelmingly rejected by parliament a day earlier.Many lawmakers feared warnings that leaving without deal could lead to economic disruption, clogged ports and stalled travel in Britain and Europe.The ...
The Washington Post / South China Morning Post   |   Wed, 13 Mar 2019 19:44:34

Brexit: Your simple guide to the UK leaving the EU

Feeling a little lost about what's going on with Brexit? Here's our basic guide.
BBC   |   Wed, 13 Mar 2019 19:42:21

Stocks Higher into Final Hour on Brexit Hopes, Diminished Global Growth Fears, Technical Buying, Sector Strength

Broad Equity Market Tone: Advance/Decline Line: Substantially Higher Sector Performance: Almost Every Sector Rising Volume: Below Average Market Leading Stocks: Performing In Line Equity Investor Angst: Volatility(VIX) 13.6 -1.5% Euro/Yen Carry Return Index 130.70 +.08% Emerging Markets Currency Volatility(VXY) 8.06 -.62% S&P 500 Implied Correlation 39.14 -2.05% ISE Sentiment Index ...
Gary / Between the Hedges   |   Wed, 13 Mar 2019 19:38:00

Malthouse B was rejected 374-164

Malthouse B was a Brexiteer amendment calling for the government to seek, effectively, a managed no-deal - it was defeated 374-164. It was not expected to pass as it was requesting something that the EU has repeatedly rejected, most recently yesterday.
FX Street   |   Wed, 13 Mar 2019 19:36:30

MPs vote to reject no-deal Brexit

The government loses by four votes as MPs reject a no-deal Brexit, in a non-binding vote.
BBC   |   Wed, 13 Mar 2019 19:36:22

May Set To Put Brexit Deal To MPs For Third Time In Bid To Avoid Second Referendum

Paul Waugh / Huffington Post   |   Wed, 13 Mar 2019 19:36:18

UK Parliament acts to avert 'absolute catastrophe' Brexit

British lawmakers voted to rule out leaving the European Union without a formal departure deal when the U.K. leaves the bloc in less than three weeks.
Kim Hjelmgaard, USA TODAY / USA Today   |   Wed, 13 Mar 2019 19:36:04

Brexit: What happens now?

Theresa May has again failed to get her Brexit deal through Parliament. What might the next move be?
BBC   |   Wed, 13 Mar 2019 19:35:44

Ford fears a double whammy from Theresa May's no-deal Brexit tariffs

Ford Motor Co. said it will be hit twice by British tariffs to be imposed in the event of a no-deal Brexit. The U.S. company, which makes only engines in Britain, would be taxed on exporting them to assembly plants in mainland Europe and then face import duties for bringing ...
Irene García Pérez / LA Times   |   Wed, 13 Mar 2019 19:35:00

Brexit: MPs reject any no-deal option by 312 to 308

MPs reject a no-deal Brexit by 312 to 308 in a non-binding vote, despite the government whipping Conservatives not to back it.
BBC   |   Wed, 13 Mar 2019 19:34:08

Brexit vote: UK parliament rejects 'no-deal' option

The vote, which deals a further blow to PM Theresa May's Brexit strategy, was passed by 312 in favour and 308 against.
Al Jazeera   |   Wed, 13 Mar 2019 19:34:03

GBP/USD Technical Analysis: Cable moving up towards 1.3300 figure on Brexit vote

GBP/USD 30-minute chart Brexit: The Commons voted 312-308 on amendment to block no-deal Brexit. GBP/USD is trading above its main SMAs suggesting bullish momentum in the short-term. The break above 1.3200 key resistance can lead to 1.3300 and 1.3340 resistances. To the downside, immediate supports are seen near 1.3200, 1.3150 ...
FX Street   |   Wed, 13 Mar 2019 19:33:39

UK pound rally gains momentum after MPs reject no-deal Brexit

Sterling up more than 1%, wiping out fall in previous session
FT   |   Wed, 13 Mar 2019 19:31:04

British parliament votes for ruling out no-deal Brexit in any scenario

British lawmakers on Wednesday rejected leaving the European Union without a deal in any scenario, in a non-binding vote which will increase pressure on Prime Minister Theresa May to rule out a 'no-deal' exit.
Reuters   |   Wed, 13 Mar 2019 19:24:24

Brexit: The Commons voted 312-308 on amendment to block no-deal Brexit (GBP higher)

UK MPs have voted to take a 'no-deal' Brexit off the table. What does this mean? Britain will only leave the EU after having secured a deal with Brussels, unless it fails to get a delay on Article 50 by March 29 – the Brexit deadline day. Political Editor of ...
FX Street   |   Wed, 13 Mar 2019 19:22:31

MPs Reject No-Deal Brexit And Defeat Theresa May - So What Next?

Arj Singh / Huffington Post   |   Wed, 13 Mar 2019 19:22:30

Pound rallies as U.K. Parliament rejects no-deal Brexit

Seeking Alpha   |   Wed, 13 Mar 2019 19:22:19

Sterling Rallies As UK Parliament Votes To Reject No-Deal Brexit, 312 To 308

Update: The narrow margin - with a majority of just 4 - suggests that some ministers likely rebelled and voted against the government whip. FT has speculated that resignations may follow. The result of the previous vote will come as a shock to many. The narrow margin - a majority ...
Tyler Durden / Zero Hedge   |   Wed, 13 Mar 2019 19:21:10

UK parliament votes to reject no-deal Brexit

MPs are concerned that leaving the EU without a deal on March 29 would damage the UK economy.
Charlie Cooper / Politico   |   Wed, 13 Mar 2019 19:20:29

Brexit vote latest: Commons defies Theresa May to demand she permanently rule out no-deal departure

Theresa May has been told by the House of Commons to rule out a no-deal Brexit at any point, after MPs backed a plan to remove it as an option.
Joe Watts, Benjamin Kentish / The Independent   |   Wed, 13 Mar 2019 19:17:00

The fishing town where Brexit can't come soon enough

The winds out on the North Sea are too strong for Whitby's fishermen to go anywhere.
CNN   |   Wed, 13 Mar 2019 19:14:48

May pushes on with plans for third Brexit vote

Some cabinet ministers have pencilled in March 26 as date for new Commons showdown
FT   |   Wed, 13 Mar 2019 19:07:07

Britain's political system is at the breaking point

However Brexit works out in the end, the deep problems and divisions in British politics cannot simply be erased.
Al Jazeera   |   Wed, 13 Mar 2019 19:03:58

The rival proposals to May's Brexit deal

MPs are hoping they will get their chance to push alternative plans to PM's agreement
FT   |   Wed, 13 Mar 2019 19:00:30

UK faces prospect of taking part in European elections

Legal opinion suggests Brexit delay would mean polls being held in May
FT   |   Wed, 13 Mar 2019 18:59:49

Barnier pushes for tough EU line on Brexit delay

Paris and Berlin at opposite ends of spectrum in debate over likely UK request
FT   |   Wed, 13 Mar 2019 18:55:03

What is a no-deal Brexit?

MPs are set to vote on whether the UK should leave the EU without a deal or not - what does it mean?
BBC   |   Wed, 13 Mar 2019 18:39:59

Hammond offers a carrot for a Brexit compromise

Chancellor warns UK's economic progress is imperilled by a no-deal exit
FT   |   Wed, 13 Mar 2019 18:39:23

MPs set to reject no-deal exit as Brexit unknown looms

MPs were on Wednesday set to vote against the threat of a 'no-deal' exit from the European Union on March 29 after a second defeat for Prime Minister Theresa May's divorce agreement left Britain heading into the unknown.
Reuters   |   Wed, 13 Mar 2019 18:28:39

AUD/USD: Steady between 0.7050/90 ahead of Brexit vote and Chinese data dump

AUD/USD is currently trading at 0.7086, between the day's range of 0.7049 and 0.7089. AUD/USD is climbing the trend line support and now based at the double top area of 0.7050 but struggles at 0.7090 prior support/resistance level. AUD/USD has been on the backfoot again within the 2018 downtrend following ...
FX Street   |   Wed, 13 Mar 2019 18:24:48

EU pros and cons of delaying Brexit beyond March 29

The European Union expects British Prime Minister Theresa May to request a Brexit delay beyond March 29 after the divided UK parliament voted down her divorce agreed with the bloc for the second time on Tuesday.
Reuters   |   Wed, 13 Mar 2019 18:18:45

Wall Street holds to gains ahead of Brexit vote

US stock turn higher, on its way for the third consecutive daily gain. Traders await another crucial Brexit vote. US data and crude oil boost equity price. In Wall Street, equity prices are higher on Wednesday for the third-day in-a-row. The Dow Jones is up by 0.65% while the Nasdaq ...
FX Street   |   Wed, 13 Mar 2019 18:13:48

GBP/JPY Technical Analysis: Sterling at daily highs near 147.00 ahead of Brexit vote

GBP/JPY daily chart GBP/JPY is trading in a bull leg above its main simple moving averages (SMAs). The Sterling can see volatile movements as the UK's House of Commons is to vote on a Brexit no-deal starting 19.00 GMT. GBP/JPY 4-hour chart GBP/JPY is trading above its main SMAs suggesting ...
FX Street   |   Wed, 13 Mar 2019 17:55:37

A Brexit Diary: What Comes Next for Labour?

Stefan Rousseau/Press Association via AP Images Labour Party Leader Jeremy Corbyn speaks during the annual conference of the EEF manufacturers organisation at the Queen Elizabeth II Conference Centre in London. I didn't go to London to write about Brexit; despite that, here I am, back in the U.S. and writing ...
Sarah Jaffe / American Prospect   |   Wed, 13 Mar 2019 17:54:01

Brexit voting: The amendments to Theresa May's motion that will be voted upon

It is that time again for Brexit voting in The House of Commons following May's second defeated attempt to get her Brexit deal approved. At 1900 GMT, The House of Commons will vote on whether to proceed with a no-deal Brexit, or, as a more the likelier scenario, to vote ...
FX Street   |   Wed, 13 Mar 2019 17:53:18

Spring statement: Philip Hammond accused of failing to ease austerity despite £27bn spending boost

Chancellor urges MPs to support a Brexit deal to boost the economy
Lizzy Buchan / The Independent   |   Wed, 13 Mar 2019 17:52:07

DUP says May's Brexit deal is dead

The Northern Ireland party that props up British Prime Minister Theresa May's government said on Wednesday her European Union withdrawal bill is dead and should not be put to parliament for a third time.
Reuters   |   Wed, 13 Mar 2019 17:43:14

Brexit vote: Speaker John Bercow set to rule on blocking Theresa May's deal being put to MPs a third time

He said said 'a ruling would be made' on the matter at the appropriate time
Joe Watts / The Independent   |   Wed, 13 Mar 2019 17:40:00

Hammond sidelined by Brexit as he holds out for 'deal dividend' | Larry Elliott

Sandwiched between Brexit votes, the chancellor's spring statement was pretty low key One of Philip Hammond's early decisions was to make his spring statement play second fiddle to the Treasury's main event of the year, the autumn budget. Even the chancellor could not have expected his half-yearly update on the ...
Larry Elliott / Guardian   |   Wed, 13 Mar 2019 17:33:36

UK lawmaker Spelman says no longer wants vote on her 'no deal' Brexit proposal

British Conservative lawmaker Caroline Spelman, who had proposed a vote in parliament to rule out a no-deal Brexit in any scenario, said on Wednesday she no longer backed her own amendment.
Reuters   |   Wed, 13 Mar 2019 17:30:00

'Cox killed it,' EU says of UK lawyer's failed mission to fix Brexit deal

Her back to the wall on Brexit, Theresa May turned to her legal adviser to rescue her deal with the EU - only to see Geoffrey Cox deliver it a mortal blow as parliament voted down the treaty for a second time.
Reuters   |   Wed, 13 Mar 2019 17:22:05

Big winners from no-deal Brexit: Irish smugglers

British plan could make Northern Ireland back door to UK market.
Simon Marks, Emmet Livingstone / Politico   |   Wed, 13 Mar 2019 17:20:15

Flirting with Disaster: Brexit Vote Moves Britain Closer to the Brink

The British parliament voted Tuesday to obstruct one of the last remaining ways to an orderly Brexit. This is partly due to the intransigence of members of parliament, and partly due to Prime Minister Theresa May's hamfisted negotiating tactics.
Spiegel   |   Wed, 13 Mar 2019 17:18:00

Theresa May forces the fantasists to face harsh realities

The reason so many hate the prime minister's deal is that it shows the perfect Brexit does not exist
FT   |   Wed, 13 Mar 2019 17:16:41

Italy would accept extension to article 50 on Brexit - junior minister

Italy would accept an extension of article 50 on Britain's exit from the European Union if London requests it, junior foreign minister Guglielmo Picchi said on Wednesday.
Reuters   |   Wed, 13 Mar 2019 17:09:07

Hammond adds to pressure on May to back soft Brexit

Chancellor suggests softening stance may be only way to end impasse and unlock £26bn dividend
FT   |   Wed, 13 Mar 2019 17:08:44

Michel Barnier speaking to Euronews: Negotiations are over

Ahead of the House of Commons voting on whether to proceed with a no-deal Brexit and crash out of the European Union in just 16 days, which is the default event as things currently stand, (vote is expected at 1900GMT), Michel Barnier speaking is speaking to Euronews and said negotiations ...
FX Street   |   Wed, 13 Mar 2019 17:01:39

Brexit: Switzerland trade deal signed by Liam Fox attacked for leaving out services

Agreement struck by trade secretary in blaze of publicity 'differs significantly from the EU-Swiss agreements it replaces'
Rob Merrick / The Independent   |   Wed, 13 Mar 2019 16:58:51

Brexit news: Czech prime minister tells Theresa May personally to hold second referendum and back remain

The pair spoke on the phone at the weekend, Andrej Babiš said
Jon Stone / The Independent   |   Wed, 13 Mar 2019 16:57:00

UK parliament will have to look at other options if May pursues her Brexit deal - Labour

If Prime Minister Theresa May presses on with her Brexit deal after lawmakers vote to delay Britain's exit, parliament will have to look at other options, the opposition Labour Party's Brexit spokesman Keir Starmer said on Wednesday.
Reuters   |   Wed, 13 Mar 2019 16:53:42

UK investment/Brexit: spring is spun

It is hard to calculate catastrophe risk when those in charge have lost credibility
FT   |   Wed, 13 Mar 2019 16:51:58

No-deal Brexit is still possible, even if lawmakers reject it

CNN   |   Wed, 13 Mar 2019 16:51:46

Here's what you need to know about Brexit

CNN correspondents and producers go back to basics to guide you through everything you need to know about Brexit and the divorce between the EU and the UK.
CNN   |   Wed, 13 Mar 2019 16:37:01

Gold rally continues on weak U.S. inflation data, Brexit turmoil

Gold has posted considerable gains in Wednesday trading, continuing the upward movement seen on Tuesday. In the North American session, the spot price for one ounce of gold is $1308.38, up 0.54% on the day. In the U.S., durable goods orders gained 0.4%, compared to an estimate of -0.5%. Core ...
Kenny Fisher / OANDA   |   Wed, 13 Mar 2019 16:30:32

Q&A: Why is the UK planning to cut tariffs on most imports in the event of a no-deal Brexit?

A frictionless border. Remizov / Shutterstock.com As Brexit creeps closer with no deal in place, the UK government has published contingency plans to avoid a hard border between Northern Ireland and the Republic of Ireland. Central to this is a unilateral commitment by the UK not to apply checks or ...
Billy Melo Araujo, Lecturer in EU and International Economic Law, Queen's University Belfast / The Conversation   |   Wed, 13 Mar 2019 16:29:11

British minister Gove hints at indicative Brexit votes in parliament

British lawmakers may have an opportunity on Thursday to vote on whether to have indicative votes on different Brexit options, one of the most senior Brexit-supporting ministers in Prime Minister Theresa May's government said.
Reuters   |   Wed, 13 Mar 2019 16:26:03

If You're Wondering How Hard a 'Hard Brexit' Could Be

The U.K. and the European Union are headed down to the wire on their divorce and there's mounting concern about what the hardest form of Brexit - one with no deal in place at all - could look like.
Washington Post   |   Wed, 13 Mar 2019 16:25:13

UK Conservative lawmaker no longer backing her own no-deal amendment

A British lawmaker who had proposed a vote to rule out a no-deal Brexit in any scenario is no longer backing the amendment, the BBC reported on Wednesday.
Reuters   |   Wed, 13 Mar 2019 16:18:10

EUR/GBP drops further to 0.8550 ahead of another Brexit vote

Pound remains firm across the board and hits fresh highs. EUR/GBP erases most of yesterday's losses, back near 0.8550. UK: House of Commons to vote on a 'no deal' motion. The pound rose further during the last hours ahead of another Brexit related vote in the House of Commons. The ...
FX Street   |   Wed, 13 Mar 2019 15:59:31

German Economy Minister - Disorderly Brexit must be avoided

Britain should not abruptly leave the European Union without measures in place to safeguard its own economy and that of the European Union because that would be the worst outcome, Germany's economy minister said on Wednesday.
Reuters   |   Wed, 13 Mar 2019 15:59:06

GBP/USD - British pound soars amid Brexit chaos

GBP/USD continues to show volatility this week. In Wednesday's North American session, the pair is trading at 1.3212, up 1.04% on the day. In economic news, there are no British indicators on the calendar. The government released its annual budget, and parliament votes on whether Britain should leave the E.U. ...
Kenny Fisher / OANDA   |   Wed, 13 Mar 2019 15:55:25

Brexit: Chancellor Philip Hammond calls for cross-party compromise

The chancellor asks for cross-party consensus, despite the PM still appearing to back her own deal.
BBC   |   Wed, 13 Mar 2019 15:54:08

If We Can't Pass A Brexit Deal, We Risk Falling Into A General Election

Simon Hart / Huffington Post   |   Wed, 13 Mar 2019 15:52:56

Hammond offers little to fix UK's homegrown problems

Country's future depends on whether Brexit solves or exacerbates its weaknesses
FT   |   Wed, 13 Mar 2019 15:41:57

Battle Lines Drawn as Parliament Votes on No-Deal: Brexit Update

The British Parliament votes later on the prospect of a no-deal Brexit and is expected to rule out the chaos scenario by a comfortable margin. There's still no majority for any kind of Brexit, and Theresa May says the deal that was routed last night is the only one on ...
sellputs / Hedge Accordingly   |   Wed, 13 Mar 2019 15:40:26

U.S. data, hopes over Brexit vote lift shares; dollar eases

World equity markets broadly rose on Wednesday, lifted by investor optimism that British lawmakers will rule out a no-deal Brexit and fresh U.S. data that highlighted a strong economy with low inflation, an outlook that weakened the dollar.
Reuters   |   Wed, 13 Mar 2019 15:39:30

What will be decided in UK parliament's latest Brexit votes?

Britain's parliament will later on Wednesday decide whether parliament wants to rule out leaving the European Union without an exit deal on March 29, or if a so-called no-deal Brexit should become government policy.
Reuters   |   Wed, 13 Mar 2019 15:32:45

UK Chancellor: Brexit deal 'dividend' if MPs can agree a way forward

Philip Hammond urges MPs to "build a consensus" for a deal as he delivers his spring budget statement.
Charlie Cooper / Politico   |   Wed, 13 Mar 2019 15:31:24

UK Spring Statement 2019: key takeaways from Philip Hammond's speech

The chancellor offered more public spending if a Brexit deal was done
FT   |   Wed, 13 Mar 2019 15:29:16

Factbox - What will be decided in parliament's latest Brexit votes?

Britain's parliament will later on Wednesday decide whether parliament wants to rule out leaving the European Union without an exit deal on March 29, or if a so-called no-deal Brexit should become government policy.
Reuters   |   Wed, 13 Mar 2019 15:28:46

UK lawmakers to vote on two proposed changes to government's 'no deal' Brexit motion

British lawmakers will have the opportunity to vote on two proposed changes to Prime Minister Theresa May's next steps on Brexit on Wednesday, Speaker of the House of Commons John Bercow said.
Reuters   |   Wed, 13 Mar 2019 15:16:59

Prepared for Brexit

"The main priority of the Spanish government has always been to offer certainty and security during this process," writes Spanish Prime Minister Pedro Sánchez
Pedro Sánchez / EL PAÍS   |   Wed, 13 Mar 2019 15:08:51

Hoarse, twice defeated, won't give up on Brexit: Theresa May

Times of India   |   Wed, 13 Mar 2019 15:06:21

Andrea Leadsom Apologises To MP Who Had To Miss Brexit Vote Because His Wife Was Giving Birth

Sophie Gallagher / Huffington Post   |   Wed, 13 Mar 2019 15:02:31

Voters Back Malthouse or No Deal Over Delaying Brexit or May's Deal

Ahead of tonight's votes on No Deal, Guido can reveal new polling which shows a majority of the public favour either No Deal or a Malthouse-style standstill transition. The BMG poll for the Alliance of British Entrepreneurs found that 28% backed the UK leaving the EU without a deal, subject ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 13 Mar 2019 14:58:30

Europe reacts to second 'meaningful vote': Will Theresa May's defeat lead to a Brexit extension?

Following the second defeat of the Government's Brexit deal in Parliament on 12 March, Open Europe summarises the reactions from the EU27 and the European press. The post Europe reacts to second 'meaningful vote': Will Theresa May's defeat lead to a Brexit extension? appeared first on Open Europe .
Anna Nadibaidze / Open Europe   |   Wed, 13 Mar 2019 14:50:14

Ireland's no-deal Brexit tariff fears

'The proposed tariff levels are deeply unwelcome,' says dairy industry group.
Simon Marks / Politico   |   Wed, 13 Mar 2019 14:48:48

MPs expected to decisively rule out no-deal Brexit

Theresa May allowing a free vote to paper over cracks in her Conservative party
FT   |   Wed, 13 Mar 2019 14:47:10

GBP/USD approaches 1.3200 ahead of Brexit 'no deal' vote

Cable remains firm in session tops near the 1.3200 handle. PM May said the a 'good deal' still has chances. House of Commons will vote on a 'no deal' motion later in the day. The Sterling has resumed the upside today, motivating GBP/USD to recover ground lost following the volatile ...
FX Street   |   Wed, 13 Mar 2019 14:42:10

Traders Make a Dangerous Bet on Brexit

The pound rose on Wednesday despite Theresa May's second crushing defeat. There's a huge amount of wishful thinking in the markets.
Washington Post   |   Wed, 13 Mar 2019 14:41:31

Wow Apparently A Negotiation Has Two Sides

One doesn't have to think the EU is pure and good and wonderful to think that it has its own interests and institutional desires. The opposite, in fact. All along most of the hardcore Brexiteers have failed to acknowledge the contradiction between their belief in the tyranny of Europe and ...
Atrios / Eschaton   |   Wed, 13 Mar 2019 14:34:00

GBP/JPY jumps closer to 147.00 mark ahead of no-deal Brexit vote

• Hopes that UK lawmakers will not support no-deal Brexit vote continues to underpin GBP. • The prevalent risk-on mood dents JPY's safe-haven appeal and remained supportive. • Brexit-related might continue to act as an exclusive driver. The GBP/JPY cross extended its steady intraday climb and inched back closer to ...
FX Street   |   Wed, 13 Mar 2019 14:26:05

Britain heads into Brexit unknown as parliament votes on no-deal exit

British lawmakers were on Wednesday set to stave off the threat of a no-deal exit from the European Union on March 29 but the second defeat of Prime Minister Theresa May's divorce treaty has left the country heading into the Brexit unknown.
Reuters   |   Wed, 13 Mar 2019 14:22:14

Hammond pledges end to austerity if Brexit deal reached

Forecasts for a pick-up in economic growth from 2020 dependent on an orderly exit from the EU
FT   |   Wed, 13 Mar 2019 14:21:57

Where do MPs want to take Brexit?

What justification for an Article 50 extension can the Commons provide?
FT   |   Wed, 13 Mar 2019 14:20:53

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   |   Wed, 13 Mar 2019 14:15:44

The EU Is Telling European Leaders There Are Only Three Reasons They Should Allow Brexit To Be Delayed

**Alberto Nardelli**: _[The EU Is Telling European Leaders There Are Only Three Reasons They Should Allow Brexit To Be "The European Union will advise EU leaders that delaying Brexit makes sense only... to give more time to prepare for no deal, to complete ratification of the withdrawal agreement or if ...
J. Bradford DeLong / Grasping Reality   |   Wed, 13 Mar 2019 14:09:14

Brexit: This Is What Could Happen Next - Even Though No One Really Knows

Ned Simons / Huffington Post   |   Wed, 13 Mar 2019 14:08:06

Spring Statement: OBR revises down 2019 growth forecast as Hammond eyes Brexit 'deal dividend'

UK gross domestic product (GDP) is set to grow by 1.2% in 2019, less than the 1.3% forecast in the 2018 Autumn Budget, but the economy will expand over the each of the next five year's, Chancellor Philip Hammond said in today's Spring Statement.
Kim Kaveh / Professional Pensions   |   Wed, 13 Mar 2019 14:04:58

Most imports tariff-free under no-deal plan

The government announces that most imports into the UK would not attract a tariff in the event of a no-deal Brexit.
BBC   |   Wed, 13 Mar 2019 13:55:11

Brexit: Philip Hammond goes rogue with challenge to Theresa May to start 'building consensus' for softer deal

Chancellor says rejection of prime minister's deal provides 'opportunity' to find plan that parliament can 'collectively support'
Benjamin Kentish / The Independent   |   Wed, 13 Mar 2019 13:53:00

US Dollar Index remains under pressure near 96.80

The index stays depressed in the lower end of the range. US Producer Prices rose less than expected in February. All the attention remains on Brexit vote later in the day. The greenback remains on the back footing so far this week, motivating the US Dollar Index (DXY) to drop ...
FX Street   |   Wed, 13 Mar 2019 13:49:44

Chancellor Philip Hammond Urges Theresa May To Back A Soft Brexit During Spring Statement

Arj Singh / Huffington Post   |   Wed, 13 Mar 2019 13:44:33

The End of the Cult of Sympathy for Theresa May

LONDON-When Theresa May took to the dispatch box to stage yet another-ultimately futile-defense of her Brexit deal before the House of Commons, she was barely audible. The British prime minister had lost her voice. Observers described the scene as "painful" and "awful to watch." Even those who stood to contest ...
Yasmeen Serhan / The Atlantic   |   Wed, 13 Mar 2019 13:42:00

'We will always be friends, Sophie': EU council president shares heartbreaking Brexit exchange with six-year-old British schoolgirl

'I know we are leaving the EU. But I think we should be friends'
Tom Batchelor / The Independent   |   Wed, 13 Mar 2019 13:40:52

Hammond promises Brexit dividend in spring statement

OBR says lower borrowing has swelled chancellor's five-year war chest to £26.6bn Philip Hammond promised a Brexit dividend to boost spending on public investment and services after forecasts of lower government borrowing over the next five years swelled the chancellor's war chest to £26.6bn. The chancellor said he remained confident ...
Phillip Inman / Guardian   |   Wed, 13 Mar 2019 13:39:53

Brexit: How can Article 50 be extended?

MPs are set to vote on extending Article 50, but how does the process work?
BBC   |   Wed, 13 Mar 2019 13:37:20

After Theresa May's Brexit defeat what happens next?

FT's George Parker on UK's position ahead of a vote on leaving with no deal
FT   |   Wed, 13 Mar 2019 13:30:16

Brexit vote highlights: EU warns of no-deal, says cannot offer more

Brexit Vote: The lawmakers will now be given the opportunity on Wednesday to vote on whether to leave European Union (EU) without a deal and on Thursday on whether seek a delay to Brexit.
FE Online / Financial Express   |   Wed, 13 Mar 2019 13:22:33

Theresa May confirms she will vote to rule out a no-deal Brexit

The prime minister said she understands 'the voice of the country' and people's desire to leave the EU.
Eline Schaart / Politico   |   Wed, 13 Mar 2019 13:18:50

Philip Hammond slashes UK growth forecast and warns no-deal Brexit will destroy pledge to end austerity

The chancellor slashed the UK's growth forecast for this year, as he warned MPs his pledge to end austerity would be in tatters if they continue to block a Brexit deal.
The Independent   |   Wed, 13 Mar 2019 13:18:00

Merkel: Brexit options narrower, goal remains an orderly Brexit

German Chancellor Angela Merkel said on Wednesday the options for Brexit had become more limited after British lawmakers rejected a divorce deal agreed between Prime Minister Theresa May and the EU but the goal was still an orderly withdrawal.
Reuters   |   Wed, 13 Mar 2019 13:09:11

UK PM Theresa May says she will vote against a 'no-deal' Brexit

"I want to leave the European Union with a good deal, I believe we have a good deal," British Prime Minister Theresa May told parliament.
Reuters / Financial Express   |   Wed, 13 Mar 2019 13:05:19

EUR/USD keeps the bid tone around 1.1300, focus on Brexit vote

The pair moves higher and surpass the key 1.1300 handle. US Producer Prices came in on the soft side in February. UK House of Commons will vote on 'no deal' later in the day. Still happy days for the shared currency, as EUR/USD has managed to retake the critical 1.1300 ...
FX Street   |   Wed, 13 Mar 2019 13:03:30

Brexit: As lawmakers gear up to vote, here are the pros and cons of delaying Brexit beond March 29

Here are the main schools of thought on extending the Brexit negotiating period known as Article 50, from a part of EU law regulating departures that is now being used for the first time.
Reuters / Financial Express   |   Wed, 13 Mar 2019 13:03:06

Cyprus prepares for hard Brexit

Cyprus intensifies preparations in view of a possible hard Brexit, Foreign Ministry spokesperson Demetris Samuel said Wednesday.
Kathimerini   |   Wed, 13 Mar 2019 12:59:24

UK's Hammond: No-deal Brexit would deliver significant short to medium term hit to economy

Additional comments from British finance minister Philip Hammond continue to cross the wires as he delivers his budget statement. Key quotes (via Reuters) No-deal Brexit would deliver significant short to medium term hit to economy. The idea that there is some simple fix to avoid consequences of no deal Brexit ...
FX Street   |   Wed, 13 Mar 2019 12:59:19

UK sets out trade plans to limit no-deal Brexit damage

Bid by May government to pressure Eurosceptics ahead of showdown vote on EU divorce
FT   |   Wed, 13 Mar 2019 12:58:18

May confirms she will vote against no-deal Brexit

• No-deal Brexit still possible even if lawmakers reject it • Key Brexit questions answered
CNN   |   Wed, 13 Mar 2019 12:53:52

Europe shares claw higher as investors hope UK rejects no-deal Brexit

European shares ticked up on Wednesday, shrugging off mounting concerns over world growth amid optimism that British lawmakers were set to rule out a no-deal Brexit - hopes that also helped the British pound rally by half a percentage point.
Reuters   |   Wed, 13 Mar 2019 12:50:10

GBP/USD sticks to goodish intraday gains post-US data, focus remains on no-deal vote

• Market participants remain confident that UK lawmakers will not support no-deal Brexit vote. • Mixed US economic releases failed to extend any support to the USD and remained supportive. The GBP/USD pair held on to its positive tone through the early North-American session and is currently placed few pips ...
FX Street   |   Wed, 13 Mar 2019 12:48:50

Germany's Merkel: EU27 cannot alone force a way out of Brexit impasse

German Chancellor Angela Merkel has recently crossed the wires saying that the EU27 could not alone force a way out of the Brexit impasses. Key quotes (via Reuters) Asked about possibility of second Brexit referendum, I think we must differentiate between things EU can influence and thinks British parliament can ...
FX Street   |   Wed, 13 Mar 2019 12:40:43

Theresa May plans to vote to block no-deal Brexit

UK prime minister says she is committed to leaving EU with a good deal
FT   |   Wed, 13 Mar 2019 12:33:49

UK PM May: EU made it clear there won't be a transition without a withdrawal agreement

While addressing the House of Commons, British Prime Minister Theresa May said that the EU had made it clear that there will not be a transition without a withdrawal agreement. May further explained that they had made funding available in case of a no-deal Brexit. "There will be hard choices ...
FX Street   |   Wed, 13 Mar 2019 12:26:51

UK PM May says she will vote against a 'no-deal' Brexit

British Prime Minister Theresa May said on Wednesday she wanted to leave the European Union with an agreement and she would be voting against a 'no deal' exit later in parliament.
Reuters   |   Wed, 13 Mar 2019 12:26:19

How Europe's newspapers reported May's latest Brexit humiliation: 'The Tories are decomposing'

Publications say vote opens door to delay Britain's departure from EU
Samuel Osborne / The Independent   |   Wed, 13 Mar 2019 12:24:40

May says she will vote against a 'no-deal' Brexit

Prime Minister Theresa May said on Wednesday she wanted to leave the European Union with an agreement and she would be voting against a 'no deal' exit later in parliament.
Reuters   |   Wed, 13 Mar 2019 12:23:18

Warehouses thriving from Brexit stockpiling

Warehouse owner Alan Ferguson says fears of a no-deal Brexit have brought "a 50% uplift in demand".
BBC   |   Wed, 13 Mar 2019 12:22:54

Factbox - What will be decided in UK parliament's latest Brexit votes?

Britain's parliament will later on Wednesday decide whether leaving the European Union without an exit deal on March 29 should become government policy, or if the option should be ruled out.
Reuters   |   Wed, 13 Mar 2019 12:22:45

Warren: Wait for Mueller report before we talk impeachment

During a rapid fire round of questions with Mika, Sen. Elizabeth Warren discusses Brexit, North Korea, if the president should be impeached, anti-Semitism in the House and why Mike Pence is not an honorable man.
MSNBC   |   Wed, 13 Mar 2019 12:14:41

Brexit: What happens now Theresa May's deal has been voted down?

After the deal was voted down for a second time in the House of Commons, The Independent's John Rentoul looks at where Britain might end up now
Staff Reporter / The Independent   |   Wed, 13 Mar 2019 12:13:00

Factbox - EU pros and cons of delaying Brexit beyond March 29

The European Union expects British Prime Minister Theresa May to request a Brexit delay beyond March 29 after the divided UK parliament voted down her divorce agreed with the bloc for the second time on Tuesday.
Reuters   |   Wed, 13 Mar 2019 12:11:15

HSBC: No deal Brexit likely to result in GBP bounce

HSBC analysts are suggesting that GBP is likely to stabilise, or even see a modest bounce, if Parliament votes against 'no deal' Brexit on 13 March, which is a broad consensus in media (e.g. Reuters, 13 Mar), but a confirmation would be beneficial for the currency Key Quotes "Members of ...
FX Street   |   Wed, 13 Mar 2019 12:02:15

What are tariffs and how do they affect the prices consumers pay?

The government will slash the taxes we pay on imports in the event of a no-deal Brexit The government has announced that tariffs would be slashed to zero on 87% of imports should Britain crash out of the EU without a deal, while keeping higher border taxes on some sensitive ...
Richard Partington / Guardian   |   Wed, 13 Mar 2019 12:00:15

Britain's government lawyer will not be changing opinion on Brexit assurances

Britain's top government lawyer, Attorney General Geoffrey Cox, will not be changing the legal opinion he gave on Prime Minister Theresa May's Brexit assurances, his office said after speculation that he could give an additional opinion.
Reuters   |   Wed, 13 Mar 2019 11:57:50

EU to apply normal tariffs on trade with UK in case of no-deal Brexit

The European Union would apply normal World Trade Organisation tariffs on trade with Britain if the country leaves the bloc without a withdrawal agreement, the European Commission said on Wednesday.
Reuters   |   Wed, 13 Mar 2019 11:54:58

UK Attorney General Cox won't change his legal opinion on Brexit assurances

Responding to speculation about the British Attorney General Cox possibly giving additional legal advice today, the AG's office in a published statement said that Cox will not be changing his legal opinion on the Brexit assurances.
FX Street   |   Wed, 13 Mar 2019 11:54:48

Brexit: How will the new tariff system work?

What are tariffs and how do they work?
BBC   |   Wed, 13 Mar 2019 11:53:40

Risk of No Deal Brexit Grows 'Significantly': EU Politicians Believe Withdrawal Agreement Is Dead

Many in Brussels have reacted with frustration, anger and disappointment following British parliament's second vote against the withdrawal deal negotiated between Theresa May and the EU. They say there is no room left for compromise with London.
Spiegel   |   Wed, 13 Mar 2019 11:53:07

ABN Amro: UK voting likely to be crucial

ABN Amro analysts suggest that for the UK economy, this week's votes are likely to be crucial for the outcome of the Brexit saga. Key Quotes "We continue to think the most likely scenarios are either a variant of PM May's deal ultimately passing at some point in future (certainly ...
FX Street   |   Wed, 13 Mar 2019 11:47:51

Michel Barnier warns risk of no-deal Brexit 'at highest'

EU's chief Brexit negotiator highlights real risk of split 'by accident'
FT   |   Wed, 13 Mar 2019 11:41:45

UK firms react with fury to 'cack-handed' no-deal Brexit plan

Government accused of failing to consult with businesses, giving them no time to prepare UK firms have reacted angrily to plans for the sweeping changes to tariffs in the event of a no-deal Brexit, with business leaders slamming the government's approach as Wide-ranging organisations accused policymakers of rushing out plans ...
Julia Kollewe and Sarah Butler / Guardian   |   Wed, 13 Mar 2019 11:37:08

Brexit crisis deepens as lawmakers to vote on no-deal exit

The parliament will vote on Wednesday on whether to leave the European Union in 16 days without an agreement as the government said it would eliminate import tariffs on a wide range of goods in a no-deal Brexit scenario.
Reuters   |   Wed, 13 Mar 2019 11:30:54

People Are Stockpiling Loo Roll For A No-Deal Brexit

Press Association / Huffington Post   |   Wed, 13 Mar 2019 11:30:44

Goldman Sachs' best Brexit guess - May's deal passed eventually

Goldman Sachs said it sees a 55 percent probability of Prime Minister Theresa May getting a Brexit divorce deal ratified even though parliament overwhelmingly rejected the deal for a second time.
Reuters   |   Wed, 13 Mar 2019 11:30:31

Stocks Tread Water Ahead Of No-Deal Brexit Vote; Boeing Slide Continues

Global markets slipped on Wednesday after two days of gains amid mounting concern over world growth and trade, as S&P500 futures were coiled around the critical 2,800 "quad top" support level again, European stocks edged higher, and Asian shares declined amid mounting concern over world growth and trade and ahead ...
Tyler Durden / Zero Hedge   |   Wed, 13 Mar 2019 11:29:00

Business Breakfast with OANDA on Jazz FM

OANDA Senior Market Analyst Craig Erlam joins Michael Wilson on the Business Breakfast on Jazz FM to discuss all the market and business headlines. This morning, they react to last night's vote on Theresa May's Brexit deal, which was once again heavily defeated in Parliament, and what it means 16 ...
Craig Erlam / OANDA   |   Wed, 13 Mar 2019 11:26:39

'Exasperating': David Cameron comments on latest Brexit turmoil

The former British prime minister said a no-deal Brexit must be ruled out.
Laurenz Gehrke / Politico   |   Wed, 13 Mar 2019 11:26:04

AE, net pay and the pensions dashboard - a Spring Statement wishlist

The Spring Statement is likely to be overshadowed by Brexit but there is still much to do in pensions. Kim Kaveh and Holly Roach take a look at the industry's wishlist.
Kim Kaveh / Professional Pensions   |   Wed, 13 Mar 2019 11:26:00

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   |   Wed, 13 Mar 2019 11:25:46

DAX ticks lower as markets digest Brexit vote

The DAX is steady in the Wednesday session. Currently, the DAX is at 11,515, down 0.04% on the day. On the release front, eurozone industrial production was better than expected. The indicator jumped 1.4%, above the estimate of 1.0%. The Brexit drama is in high gear this week, and investors ...
Kenny Fisher / OANDA   |   Wed, 13 Mar 2019 11:23:12

EU Comission: In event of no-deal, EU will apply normal trade regime with UK

Reuters has recently reported the below-seen comments from the EU Commission on Brexit. In event of no-deal, EU will apply normal trade regime with UK. EU will analyse UK plans on tariff. EU Commission is determined to avoid a hard border in Northern Ireland. EU wants to keep integrity of ...
FX Street   |   Wed, 13 Mar 2019 11:19:55

Brexit and Trade Continue to Weigh on Growth Concerns

Brexit - All scenarios remain on the table Riksbank - Bye Bye Hikes Stocks - Mixed as markets await Trade and Brexit clarity Oil - US trims crude output forecast for first time in 6 months Gold - Rising on tame inflation and trade deal uncertainty Brexit Following yesterday's crushing ...
Ed Moya / OANDA   |   Wed, 13 Mar 2019 11:16:20

Brexit may usher in point of no return for UK tech start-up scene

Other European cities have been quick to sense opportunities from Brexit. Charles Hawley/Twitter Sifting through the noise to really understand what impact Brexit and all the uncertainty that it brings is having on the UK's technology start-up scene, it's possible to see a picture emerging. It is one that should ...
Martin De Saulles, Principal Lecturer, University of Brighton / The Conversation   |   Wed, 13 Mar 2019 11:10:19

British MPs set to vote on no-deal Brexit

The House of Commons is expected to vote against leaving the bloc without a deal, although it remains the default option come March 29 unless an alternative can be secured. MPs on Tuesday rejected for a second time the withdrawal deal agreed between Brussels and Prime Minister Theresa May, despite ...
sellputs / Hedge Accordingly   |   Wed, 13 Mar 2019 11:08:54

EUR/USD remains bid and flirts with 1.1300, looks to Brexit, data

The pair extends the upside beyond the 1.1300 handle. EMU Industrial Production surprised to the upside in January. Brexit vote on 'no deal' expected to be rejected later today. EUR/USD keeps the rally well and sound for yet another session on Wednesday, probing fresh tops beyond the critical 1.1300 the ...
FX Street   |   Wed, 13 Mar 2019 11:08:05

Hammond: Economy 'robust' as growth forecasts cut

The chancellor says the economy remains remarkably resilient in the face of a "cloud of Brexit uncertainty", despite a sharp cut to growth forecasts.
Sky   |   Wed, 13 Mar 2019 11:08:00

Brexit vote: What just happened - and what will MPs be voting on today?

There is anger that the prime minister has ratted on her promise to offer the Commons a simple veto over a no-deal Brexit
Rob Merrick / The Independent   |   Wed, 13 Mar 2019 11:07:00