Brexit News Archive: 21 Mar 2019

EU sets Brexit cut-off dates as UK faces 'national emergency'

Brussels summit takes control of timetable with double deadline dependent on Commons
FT   |   Thu, 21 Mar 2019 23:02:08

With clock ticking down EU grants Britain Brexit delay

European Union leaders on Thursday granted the United Kingdom an extension to its departure from the bloc – scheduled in eight days.
Kim Hjelmgaard, USA TODAY / USA Today   |   Thu, 21 Mar 2019 22:57:22

EU's Tusk: if UK has not decided by April 12th, long extension will become impossible

EU's Tusk: if UK has not decided by April 12th, long extension will become impossible: I'm pleased to confirm may accepted Brexit delay offers. EU approved Strasbourg agreement between Juncker-May. EU 27 leaders approached may's request for extension in a positive spirit. Until april 12th all options will remain open.
FX Street   |   Thu, 21 Mar 2019 22:55:42

Pound Rallies As EU Agrees to 2 Week 'Unconditional' Brexit Delay

1,002 days have passed since Britons voted to leave the EU in a referendum that, before Donald Trump's electoral triumph, stood as the most strident populist repudiation of the globalist world order. And after nearly three years of frenzied negotiations, the UK and the EU haven't managed to agree upon ...
Tyler Durden / Zero Hedge   |   Thu, 21 Mar 2019 22:54:12

EU sets April 12 Brexit date if Britain fails to back deal

Britain could leave the European Union without a Brexit deal on April 12 if lawmakers fail next week to back Prime Minister Theresa May's agreement with Brussels, EU leaders said after a crisis summit in Brussels on Thursday.
Reuters   |   Thu, 21 Mar 2019 22:53:40

EU leaders open to Brexit delay, but May faces storm

Times of India   |   Thu, 21 Mar 2019 22:51:26

EU leaders grant Brexit extension with strings attached

Until April 12, 'all options remain open,' said Council President Donald Tusk.
David M. Herszenhorn / Politico   |   Thu, 21 Mar 2019 22:49:28

EU gives UK extension on Brexit

Seeking Alpha   |   Thu, 21 Mar 2019 22:48:48

GBP/USD manages to hold above 1.3100 on latest Brexit headlines

EU confirms Brexit deadline extension from March 29 making the UK parliament a crucial entity to direct the future dates of departure. The GBP/USD pair bounces off the 1.3060/65 support-line but still has to cross 1.3180 and 1.3230 in order to justify its strength. The GBP/USD pair trades near 1.3120 ...
FX Street   |   Thu, 21 Mar 2019 22:46:54

EU leaders have come up with a two-part plan designed to avoid Britain crashing out without a deal on March 29

CNN   |   Thu, 21 Mar 2019 22:46:26

Text of EU summit agreement on Brexit

1. The European Council takes note of the letter of Prime Minister Theresa May of 20 March 2019.
Reuters   |   Thu, 21 Mar 2019 22:40:14

EU's Tusk: unanimously agrees on it's response to UK's requests

EU's Tusk: unanimously agrees on it's response to UK's requests and says that the EU offers a Brexit delay while postponing no-deal risk March 29th. In other headlines: France official: only path to hard Brexit would be UK refuses offer. - EU aims to ensure no no-deal Brexit next week. ...
FX Street   |   Thu, 21 Mar 2019 22:28:29

EU summit talks on Brexit finished, official says

Thursday's European Union summit talks on Brexit have ended, an official said.
Reuters   |   Thu, 21 Mar 2019 22:24:28

EU to offer Brexit delay, length depends on UK parliament: draft

The European Union will grant Britain an extension to its Brexit negotiating period, but the length of the delay will depend on whether Prime Minister Theresa May is able to win a vote in parliament on an exit agreement next week, draft summit conclusions said.
Reuters   |   Thu, 21 Mar 2019 21:58:35

Brexit: Europe's no-deal preparation 'falls short', say businesses

Business trade groups across Europe warn the European Commission about its Brexit planning, Newsnight learns.
BBC   |   Thu, 21 Mar 2019 21:52:14

May fails to win over EU leaders

CNN   |   Thu, 21 Mar 2019 21:47:44

Brexit summit EU leaders could agree two-tier approach to Brexit delay - RTRS citing diplomatic sources

If Brexit deal approved next week, EU would offer Britain delay until May 22nd. If no deal next week, Britain has until April 12th to tell EU if it would hold European parliament election.
FX Street   |   Thu, 21 Mar 2019 21:45:01

EU looks at two-stage approach to Brexit delay: diplomats

European Union leaders were considering an offer of a two-stage Brexit delay on Thursday, depending on whether Prime Minister Theresa May gets her divorce deal approved by the British parliament next week, diplomatic sources said.
Reuters   |   Thu, 21 Mar 2019 21:38:48

Labour MP attacked and called 'traitor' over Brexit

A Labour MP has claimed he was attacked and called a "traitor" about delays to Brexit while out talking to his constituents.
Sky   |   Thu, 21 Mar 2019 21:23:00

And Then?

France and Belgium want a May 9 Brexit deadline.Any later and the UK has to have EU elections.Of course no one has any idea what exactly is supposed to happen between now and May 9. They're going to kick the can BUT WILL THE CAN KICK BACK???
Atrios / Eschaton   |   Thu, 21 Mar 2019 21:10:00

Wall Street powers world stocks; dollar up on Brexit woes

Wall Street led global stocks higher on Thursday on the back of upbeat economic data, while the dollar rallied despite the Federal Reserve's uber-dovish stance as Brexit worries weighed on the euro and sterling.
Reuters   |   Thu, 21 Mar 2019 20:55:14

Brexit: Amber Rudd shares Hastings Pier letter in perceived attack on Theresa May

Open letter branded 'masterful trolling' of prime minister
Harry Cockburn / The Independent   |   Thu, 21 Mar 2019 20:54:20

Next challenges received high-street Brexit gloom

Chief executive Simon Wolfson has again shown the merit of paying close attention to detail
FT   |   Thu, 21 Mar 2019 20:48:58

The pound's sterling effort on Brexit

Mike Mackenzie's daily analysis of what's moving global markets
FT   |   Thu, 21 Mar 2019 20:33:28

EU wrestles with short Brexit delay as 'no deal' looms

European Union leaders wrangled on Thursday over what kind of Brexit delay to offer Britain as their hopes faded that Prime Minister Theresa May can win over her own parliament to ensure an orderly withdrawal.
Reuters   |   Thu, 21 Mar 2019 20:13:35

EU prepares to delay Brexit until May 7

New plan would require UK to decide whether to hold EU parliament elections
FT   |   Thu, 21 Mar 2019 19:42:08

British MPs advised to travel in groups to avoid Brexit abuse

'I have never felt this level of tension during my time in the House,' deputy speaker says.
Paul Dallison / Politico   |   Thu, 21 Mar 2019 19:37:52

EU Confidential episode 91: EU summit - Brexit, Orbán & liberals - Flemish Culture Minister Sven Gatz

This week's EU Confidential podcast is a summit special. POLITICO's Andrew Gray, Rym Momtaz and Florian Eder discussed the topic du jour, Brexit, as EU leaders gathered in Brussels. They also chewed over Viktor Orbán's Fidesz party being suspended from the European People's Party and the Continent's liberals entering the ...
Ryan Heath / Politico   |   Thu, 21 Mar 2019 19:37:06

EU considers options for Brexit delay: May 7, year-end or open-ended, diplomats say

European Union leaders were considering different options on delaying Brexit on Thursday, possibly until May 7, the end of the year or even leaving the date open for now, diplomatic sources said.
Reuters   |   Thu, 21 Mar 2019 19:33:40

Did Amber Rudd Just Throw Theresa May Some Serious Shade Over Brexit With A Letter About... Hastings Pier?

Jasmin Gray / Huffington Post   |   Thu, 21 Mar 2019 19:26:22

Brexit: MoD prepares for no-deal in Whitehall bunker

Defence officials say the preparations at their Whitehall HQ are part of wider cross government action.
BBC   |   Thu, 21 Mar 2019 19:17:38

Wall Street powers world stocks; Brexit weighs on sterling

A measure of stocks across the globe rose in a volatile session on Thursday, led by gains on Wall Street, while the dollar rallied as traders continued to digest the Federal Reserve's uber-dovish stance.
Reuters   |   Thu, 21 Mar 2019 19:13:22

Brexit: Armed forces set up team in nuclear bunker to prepare for no deal outcome

Some 3,500 troops held 'at readiness' to aid in contingency plans
Samuel Osborne / The Independent   |   Thu, 21 Mar 2019 19:10:47

UK activates no-deal Brexit contingency plans

Officials launch crisis management plan and monitors supplies of food and key utilities
FT   |   Thu, 21 Mar 2019 19:03:51

UK sets up Brexit bunker to coordinate troop deployments in event of no deal

The MOD's no-deal Brexit preparations are known by the codename Operation Redfold.
Charlie Cooper / Politico   |   Thu, 21 Mar 2019 19:02:52

Anna Soubry: Independent Group MP 'can't go home' because of death threats over Brexit

'I'm not able to go home this weekend, I am not safe', former Tory warns
Rob Merrick / The Independent   |   Thu, 21 Mar 2019 19:02:02

CBI and TUC warn of national emergency over Brexit

Union and business leaders jointly call on Theresa May to avoid no-deal departure
FT   |   Thu, 21 Mar 2019 19:01:25

British parliament website crashes as more than a million people sign online petition to stop Brexit in just 24 hours

More than a million people signed an online petition within 24 hours asking the British government to stop Brexit, briefly crashing the site Thursday during a surge in support.With just eight days to go until Britain is scheduled to leave the European Union, the petition launched on Wednesday admitted that ...
Agence France-Presse / South China Morning Post   |   Thu, 21 Mar 2019 18:59:37

Theresa May and EU agree to Brexit delay

CNN   |   Thu, 21 Mar 2019 18:55:45

EU to agree to extend Brexit by 9 months if Parliament defeats May's deal - Bloomberg

Citing a person familiar with discussions, Bloomberg recently reported that the EU was considering "persuading the U.K. to extend Brexit by nine months" if Prime Minister Theresa May's Brexit deal fails to pass through the British Parliament for the third time next week. "The EU doesn't want to be blamed ...
FX Street   |   Thu, 21 Mar 2019 18:48:35

Labour MP Attacked In Street Over Brexit After PM 'Whipped Up Fear And Division'

Rachel Wearmouth / Huffington Post   |   Thu, 21 Mar 2019 18:43:02

GBP/USD finds support after dropping to fresh 10-day low near 1.30

EU is reportedly looking to give UK an extension until May 22. US Dollar Index erases Wednesday losses, rises above 96.50. BoE keeps policy rate unchanged as expected. With the British pound staying under selling pressure for the second day on Thursday amid the uncertainty surrounding Brexit, the GBP/USD pair ...
FX Street   |   Thu, 21 Mar 2019 18:19:00

Macron cast as Brexit tough guy as deadline nears

French President Emmanuel Macron is again being cast as a hardliner in Brexit negotiations as he piles pressure on British lawmakers to approve a Brexit deal negotiated by Prime Minister Theresa May.
NEWS WIRES / France 24   |   Thu, 21 Mar 2019 18:05:36

How May decided she was willing to accept no-deal Brexit

PM made momentous decision in the early hours of the morning after a day of acrimonious debate
FT   |   Thu, 21 Mar 2019 18:00:51

Brexit: MPs urged not to travel home alone as tensions rise

MPs are urged to take taxis home and not travel alone as tensions rise over crunch Brexit votes.
BBC   |   Thu, 21 Mar 2019 18:00:33

Pound skids 1.1% as Brexit turmoil churns on

Seeking Alpha   |   Thu, 21 Mar 2019 18:00:18

EU offers Brexit delay to May, steps up pressure on London

European Union leaders will offer on Thursday to delay Brexit until May 22 at the latest -- but only if Prime Minister Theresa May can turn around massive parliamentary opposition and win lawmakers' backing next week for her withdrawal plan.
Reuters   |   Thu, 21 Mar 2019 17:53:44

Hammond boosted by consumer spending and higher tax receipts

Shoppers 'ignore Brexit', while record employment levels result in £1bn deficit cut Philip Hammond has received a twin boost after the latest official figures showed consumers ignoring the threat of a no-deal Brexit to carry on spending and higher tax receipts leading to a fresh fall in the government's budget ...
Larry Elliott and Richard Partington / Guardian   |   Thu, 21 Mar 2019 17:46:27

UK firms step up preparations for a 'no-deal' Brexit

U.K. companies have ratcheted up their preparations for a disorderly "no-deal" Brexit as best they can over the past couple of months, the Bank of England said Thursday.
The Associated Press / CBC   |   Thu, 21 Mar 2019 17:41:04

Brexit: Draft plans propose UK to get delay to 22 May

A draft EU document says the delay would come with the condition MPs approve the PM's deal next week.
BBC   |   Thu, 21 Mar 2019 17:38:54

Brexit: What happens now?

After failing twice to get her Brexit deal through Parliament, Theresa May is now requesting an extension.
BBC   |   Thu, 21 Mar 2019 17:36:47

How May wrecked her strategy to win over Brexiters

By changing option for Eurosceptic MPs to her deal or no-deal, PM has lost her leverage
FT   |   Thu, 21 Mar 2019 17:35:01

Brexit crisis: As 29 March approaches, what happens now?

In the ocean of doubt that is Brexit, there is perhaps a little buoy of certainty about what will happen in the next few days.
Joe Watts / The Independent   |   Thu, 21 Mar 2019 17:35:00

"It's A Shit Show": Likelihood Of UK Crashing Out Of EU Next Week Is Higher Than It Has Ever Been

UK Prime Minister Theresa May must enjoy ritual humiliation, because despite warnings from European Council President Donald Tusk that the EU likely wouldn't accept May's request for a brief Brexit extension, the Prime Minister traveled all the way to Brussels on Thursday so she could hear the EU27's rejection in ...
Tyler Durden / Zero Hedge   |   Thu, 21 Mar 2019 17:22:55

Brexit: Military steps up no-deal planning from Whitehall bunker

The armed forces have activated a team in a nuclear-proof bunker under the Ministry of Defence as the government prepares next Monday to enter "very high readiness mode" for a no-deal Brexit, Sky News can reveal.
Sky   |   Thu, 21 Mar 2019 17:15:00

Government orders hospitals not to reveal Brexit impact assessments to protect 'commercial interests'

Requests for information about effect on staff numbers and supply of goods and services should be refused, advice says
Rob Merrick / The Independent   |   Thu, 21 Mar 2019 17:10:43

EU Agrees To Offer Brexit Delay - But It's Shorter Than Theresa May Asked For

Ned Simons / Huffington Post   |   Thu, 21 Mar 2019 17:09:49

EU prepares to offer May two-month Brexit delay

Offer conditional upon UK MPs approving withdrawal agreement next week
FT   |   Thu, 21 Mar 2019 17:08:07

Delay or no-deal? Brexit heads to cliffhanger finale

Brexit is racing toward a cliffhanger finale that could still see Britain crash out of the European Union in nine days without a plan for unwinding 46 years of intricate ties. The political sands keep shifting and various talks are underway that could still alter Brexit's shape. Britain on Wednesday ...
sellputs / Hedge Accordingly   |   Thu, 21 Mar 2019 17:07:18

How is the government preparing for a no-deal Brexit?

Operation Yellowhammer described as the 'biggest peacetime project in the history of the civil service'
Lizzy Buchan / The Independent   |   Thu, 21 Mar 2019 17:07:00

EU Draft Conclusions Approve Brexit Extension to 22nd May, Longer Extension Rejected

Brussels journalists have got their hands on the draft conclusions EU leaders have been discussing today. They indicate that the EU will agree to a short extension of Article 50 to 22nd May "provided the Withdrawal Agreement is approved". As expected. More significantly they make clear that they will not ...
Hugh Bennett / Guy Fawkes' blog   |   Thu, 21 Mar 2019 17:05:20

Theresa May heading for trouble? 1 million sign petition to reverse Brexit

It invoked fury among her own MPs and from across party lines, many of whom blamed her leadership over Brexit and were among those sharing a link to the anti-Brexit online petition on social media.
PTI / Financial Express   |   Thu, 21 Mar 2019 17:04:49

Hundreds of gagging orders imposed by govt in run-up to Brexit

Sky News can reveal that the government has taken out hundreds of gagging orders as part of its preparations for a no-deal Brexit.
Sky   |   Thu, 21 Mar 2019 17:03:00

Business and labor unions say the UK is facing a 'national emergency'

British business and labor unions have set aside their differences to make a joint appeal to Prime Minister Theresa May to change course on Brexit or risk a massive economic shock.
CNN   |   Thu, 21 Mar 2019 17:02:44

Draft text: EU offers Brexit delay to May 22

No further postponement possible if UK does not take part in EU election.
Jacopo Barigazzi, David M. Herszenhorn / Politico   |   Thu, 21 Mar 2019 17:00:58

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

The U.K. and the European Union are at a standoff on the terms of their divorce and there's lingering concern about what the hardest form of Brexit - one with no deal in place at all - could look like. Without a withdrawal accord, the U.K. would lose duty-free access ...
Washington Post   |   Thu, 21 Mar 2019 17:00:30

EU Summit: Brexit extension until May 22

According to draft conclusions making the rounds, the European Council commits to agreeing to an extension until 22 May 2019. Given that the UK does not intend to hold elections to the EP, no extension is possible beyond that date. The conclusions will also 'approve the instrument relating to the ...
FX Street   |   Thu, 21 Mar 2019 16:45:21

EU offers Brexit delay until May 22: Draft statement

The European Union will agree to hand Britain a Brexit delay until May 22 if its parliament approves the divorce agreement next week, according to draft conclusions considered by the other 27 national
Reuters, Brussels / Al Arabiya   |   Thu, 21 Mar 2019 16:45:00

**UK

The Economist has broken the taboo on the word we all know but are not supposed to print - and even the Economist had to use two asterisks. Referring to Brexit, on March 19th one and half million copies of the Economist had a picture of a disheveled Britannia screaming ...
Malcolm Potts / The Berkeley Blog   |   Thu, 21 Mar 2019 16:39:40

EU summit - what EU leaders are saying

As they arrive to discuss Brexit, we were there to get the latest from the summit and the thorny issue of the extension to Article 50.
euronews   |   Thu, 21 Mar 2019 16:33:38

Corbyn Derangement Syndrom

Much of the politics in Britain these days isn't even about Brexit. It's about how most of the elite political class (Tories, most of the press, and the Blairites in Labour) hate Jeremy Corbyn. The guy isn't beyond criticism and certainly if you don't agree with his politics you aren't ...
Atrios / Eschaton   |   Thu, 21 Mar 2019 16:27:00

The shadow of Brexit: Guessing the economic damage to the UK

This post concludes that UK real income and investment would have been 4% and 6% larger respectively had it not been for the shock of the Brexit referendum result. With somewhat audacious assumptions, the damages already incurred can be scaled up to guess the negative macroeconomic consequence of each of ...
Francesco Papadia / Bruegel   |   Thu, 21 Mar 2019 16:21:24

BoE: A long extension is could pave the way for an August hike - Nordea Markets

Commenting on the Bank of England monetary policy statement, Nordea Markets analyst Morten Lund noted that the bank kept its policy rate on hold as expected while waiting for Brexit developments and argued that a rate hike in August could be possible if the EU were to grant a long ...
FX Street   |   Thu, 21 Mar 2019 16:07:51

Theresa May is right about one thing - it's time politicians worked together on Brexit

Brexit increasingly looks like a train crash in slow motion. Watching the British parliament going through consecutive Brexit votes, however, only to end up back where it started, is more like an ever repeating loop of the moments just before and after impact. If nothing else, the whole process has ...
Martin Fellenz, Associate Professor in Organisational Behaviour, Trinity College Dublin / The Conversation   |   Thu, 21 Mar 2019 16:03:59

GBP/USD resumes slide and hits fresh weekly lows near 1.3050

Pound under pressure across the board on the back of the Brexit drama. UK PM May at the European Union summit in Brussels. The GBP/USD pair broke previous lows and tumbled to 1.3063, reaching the lowest level since March 13. From the lows bounced to the upside and as of ...
FX Street   |   Thu, 21 Mar 2019 16:00:57

UK MPs advised to take taxis home amid fears of Brexit violence

British Members of Parliament have been advised to take taxis home, over fears that they could be attacked by members of the public over the handling of Brexit.
CNN   |   Thu, 21 Mar 2019 15:56:25

MPs furious after Theresa May blames Parliament for the delay to Brexit

Telegraph Video / Telegraph   |   Thu, 21 Mar 2019 15:55:42

Theresa May is taking a hideous Brexit gamble

A bolder and more flexible leader would have stuck to the idea of a long extension
FT   |   Thu, 21 Mar 2019 15:44:29

EU's Tajani: Brexit extension should not go beyond April 18

According to the Guardian's Brussels correspondent Jennifer Rankin, European Parliament President Tajani in a press conference said that Brexit extension should not go beyond April 18 in order for the UK to have enough time to prepare for an EU election on May 23. "The European parliament could organise "an ...
FX Street   |   Thu, 21 Mar 2019 15:37:54

Brexit advice to May from the quick and the dead

Leaders from across the world, past and present, give their thoughts on strategy
FT   |   Thu, 21 Mar 2019 15:36:35

Public Blame MPs More Than May For 'Brexit Situation'

Theresa May's speech may have gone down a stinker with MPs, but it turns out (slightly) more of the public agree with her than not over whose fault the mess is. A new Sky Data poll found that only 24% of people blamed Theresa May more for the "Brexit situation", ...
Hugh Bennett / Guy Fawkes' blog   |   Thu, 21 Mar 2019 15:32:34

Brexit: UK heading for no-deal if MPs reject deal next week, says Macron

EU leaders from across continent says Commons must back deal to avoid crashing out
Jon Stone / The Independent   |   Thu, 21 Mar 2019 15:31:00

UK business and trade union leaders join forces to urge Theresa May to 'change course' on Brexit

Business and trade union leaders have joined forces to urge Theresa May to "change course" on Brexit and find a "plan B".
Benjamin Kentish / The Independent   |   Thu, 21 Mar 2019 15:29:00

Stop Brexit: A million people sign UK petition to stay in EU

More than one million people have rushed to sign a petition on the British parliament's website calling for the government to revoke its divorce notice to the European Union and remain in the bloc.
Reuters   |   Thu, 21 Mar 2019 15:23:45

Deutsche Bank hikes no-deal Brexit probability

Deutsche Bank on Thursday hiked its expectation of a no-deal Brexit to 20 percent - the highest level ever - from 10 percent as the third attempt to get UK parliamentary approval for the nation's exit from the European Union looms.
Reuters   |   Thu, 21 Mar 2019 15:17:31

What will the EU decide on May's Brexit delay request?

Leaders will discuss the date of a short extension and what to do if exit deal fails
FT   |   Thu, 21 Mar 2019 15:17:11

Emmanuel Macron says UK heading for no-deal exit if Brexit deal fails

French president is open to a short technical extension
FT   |   Thu, 21 Mar 2019 15:15:31

Bank of England leaves interest rates on hold as UK braces for no-deal Brexit - as it happened

Bank's Monetary Policy Committee maintains borrowing costs, and warns that further cliff-edge Brexit deadlines could hurt economy Latest: UK interest rates on hold 80% of firms ready for no-deal Earlier: UK borrowing lowest since 2001-02 Retail sales up 0.4% in February, stronger than expected 2.59pm GMT Time for a quick ...
Graeme Wearden / Guardian   |   Thu, 21 Mar 2019 15:00:36

Brexit news - LIVE: EU 'to agree extension to 22 May if MPs back PM's deal', leaked draft conclusions say

Follow The Independent's live coverage of the day's political events
Ashley Cowburn, Shehab Khan / The Independent   |   Thu, 21 Mar 2019 15:00:00

'Cancel Brexit' petition passes one million signatures

A petition demanding Theresa May revokes Article 50 and cancels Brexit has passed one million signatures.
Sky   |   Thu, 21 Mar 2019 14:55:00

Brexit: Petition to revoke Article 50 hits one million signatures

As EU Leaders discuss the Brexit impasse in Brussels, one of the ways to end the issue is for the UK to revoke Article 50, thus abandoning Brexit altogether. The prospects for such an outcome are very slim and it is certainly not priced into the pound. The UK Government ...
FX Street   |   Thu, 21 Mar 2019 14:53:52

CBI and TUC bosses warn UK faces national emergency over Brexit

Industry group and union body join forces to demand Theresa May changes approach Britain's foremost trade union body and industry lobby group have joined forces to demand Theresa May urgently changes her approach to Brexit, warning the country now faces a national emergency. Writing a joint letter to the prime ...
Richard Partington / Guardian   |   Thu, 21 Mar 2019 14:50:22

Brexit: Port of Dover warns of travel disruption risk

The boss of the UK's busiest port says Brexit could cause delays and queues later this month.
BBC   |   Thu, 21 Mar 2019 14:40:49

GBP/USD - Pound under pressure as May requests Brexit extension

GBP/USD has posted slight losses in the Thursday session. In North American trade, the pair is trading at 1.3165, down 0.22% on the day. On the release front, British retail sales posted a gain of 0.4% in February, compared to a strong gain of 1.0% in January. The U.K. recorded ...
Kenny Fisher / OANDA   |   Thu, 21 Mar 2019 14:39:57

EU's Barnier: Short extension should be conditional on positive vote in UK

As British Prime Minister Theresa May is getting ready to address EU leaders at Brussels summit, European Union's Chief Brexit Negotiator, Michel Barnier, said that a short extension to Article 50 should be conditional on UK parliament accepting PM May's Brexit deal. Meanwhile, speaking to reporters on the sidelines, Austrian ...
FX Street   |   Thu, 21 Mar 2019 14:39:41

No deal beckons: EU presses May on Brexit deal

French President Emmanuel Macron warned Prime Minister Theresa May on Thursday that Britain would face a disorderly departure from the European Union if she fails to get parliamentary approval for her deal on the third attempt next week.
Reuters   |   Thu, 21 Mar 2019 14:35:53

Desperate for votes, British Prime Minister Theresa May angers MPs in Brexit blame game

Prime Minister Theresa May on Thursday faced a backlash after blaming lawmakers for the Brexit chaos gripping Britain – the very people she hopes will finally approve her withdrawal deal.May made a rare address to the public on Wednesday, putting the onus on MPs to break the deadlock with just ...
Agence France-Presse / South China Morning Post   |   Thu, 21 Mar 2019 14:35:18

UK PM May's 'reckless' Brexit message angers the lawmakers she needs to win over

If British Prime Minister Theresa May hoped a televised address late on Wednesday would help persuade wavering lawmakers to support her Brexit deal, it appears to have backfired, instead alienating the very people she needs to win over.
Reuters   |   Thu, 21 Mar 2019 14:26:57

May's Brexit message angers the lawmakers she needs to win over

If British Prime Minister Theresa May hoped a televised address late on Wednesday would help persuade wavering lawmakers to support her Brexit deal, it appears to have backfired, instead alienating the very people she needs to win over.
Reuters   |   Thu, 21 Mar 2019 14:26:26

The Thursday OT: Dominic Frisby; Seventeen Million F**k Offs

Site pal Dominic Frisby has a real life hit record on his hands, written about Brexit, already viewed over 250,000 times on Youtube and shooting up the UK charts.The main reason; It's very good with a lot of truth, all from the pro-Brexit viewpoint. Unsurprisingly, the lyrics are NSFW but ...
Otto ikn / IKN   |   Thu, 21 Mar 2019 14:19:00

Britain headed towards no-deal if parliament votes down Brexit deal: Macron

Britain is headed towards a no-deal Brexit scenario if its parliament votes against Prime Minister Theresa May's withdrawal agreement for a third time next week, French President Emmanuel Macron said on Thursday.
Reuters   |   Thu, 21 Mar 2019 14:09:08

Befuddled sterling shows markets aren't all-knowing

The UK exchange rate is failing to reflect the risk of a disorderly Brexit
FT   |   Thu, 21 Mar 2019 14:05:31

EU's Juncker: PM May needs to get parliament's approval

European Commission President Jean-Claude Juncker recently crossed the wires repeating that British Prime Minister needed to get her Brexit deal through parliament and said that they will organise a meeting next week if she fails to do so. On other Brexit-related headlines, French President Macron stated that they will head ...
FX Street   |   Thu, 21 Mar 2019 14:00:29

UK Happiest Ever Despite Brexit

The latest edition of the World Happiness Rankings were published yesterday to mark World Happiness Day. Despite the relentless doom and gloom stories from the Remainer media and bitter Blairite politicians who still haven't come to terms with the fact that the majority of the country doesn't agree with them ...
Hugh Bennett / Guy Fawkes' blog   |   Thu, 21 Mar 2019 14:00:26

Petition to cancel Brexit crashes UK parliament website

The petition has nearly one million signatures.
Eline Schaart / Politico   |   Thu, 21 Mar 2019 14:00:18

Brexit Delay Will Not Postpone Deglobalisation

The world economy has experienced deglobasation phases before. How this one differs from its predecessors.
Yves Smith / Naked Capitalism   |   Thu, 21 Mar 2019 13:55:13

Article 50 petition: Petition to cancel Brexit hits one million signatures

More than a million people have signed a petition calling for the government to revoke Article 50 and cancel Brexit.
Tom Barnes / The Independent   |   Thu, 21 Mar 2019 13:55:00

We'll fight for a Brexit deal, but prepare for failure - Merkel

The European Union must do everything possible to ensure that Britain leaves the bloc in an orderly fashion, German Chancellor Angela Merkel said ahead of a European Council summit that is set to be dominated by Brexit.
Reuters   |   Thu, 21 Mar 2019 13:49:58

GBP/USD -Bullish ahead of Brexit day (video)

OANDA Senior Market Analyst Craig Erlam discusses how Brexit is influencing GBPUSD with a little over a week to go until the UK is meant to leave the European Union.
Craig Erlam / OANDA   |   Thu, 21 Mar 2019 13:45:40

Theresa May says Brexit must be delivered

British prime minister hopes a short delay can be agreed with EU
FT   |   Thu, 21 Mar 2019 13:42:02

May's Brexit deal now less likely, election more likely - JP Morgan

JP Morgan said it no longer thought the single most likely outcome for Brexit would be Prime Minister Theresa May getting approval in parliament for her deal in the first half of 2019, and a new national election was now more likely.
Reuters   |   Thu, 21 Mar 2019 13:39:57

How $5 Trillion Took Fright at Overseas Stocks

U.K. money managers are pulling their money home - just in time for Brexit.
Washington Post   |   Thu, 21 Mar 2019 13:39:32

May could back no-deal if she loses third Brexit vote - Sky citing cabinet source

British Prime Minister Theresa May could back leaving the European Union without a deal over a longer delay if she loses a third parliamentary vote on her Brexit plan next week, a cabinet source has told Sky News.
Reuters   |   Thu, 21 Mar 2019 13:36:13

Top bankers back London as financial hub whatever Brexit outcome

London will be central to global financial markets whatever shape Britain's exit deal from the European Union (EU) takes, senior players in British banking said on Thursday.
Reuters   |   Thu, 21 Mar 2019 13:27:41

U.K. Petition Site Crashes as More Than 850,000 Demand the Government Cancels Brexit

The U.K. government's official petitions website crashed on Thursday morning after a petition to cancel Brexit drew 600,000 signatures. The petition was receiving some 1,500 signatures every 60 seconds before the site crashed at about 9 a.m. U.K. time, the Guardian reported. Three and a half hours later, the site ...
Billy Perrigo / Time   |   Thu, 21 Mar 2019 13:24:50

EU protects itself against Brexit fallout

Bloc anxious not to be blamed for likely political disorder in less well-prepared UK
FT   |   Thu, 21 Mar 2019 13:24:40

The Brexit ship of fools

A try at an update on the evolving Brexit chaos.
James Wimberley / The Reality-Based Community   |   Thu, 21 Mar 2019 13:23:49

EU Leaders Open to Brexit Delay, But May Faces Storm at Home

European Union leaders meeting for a Brexit summit are likely to grant Britain a short extension, Angela Merkel says, with one condition.
LORNE COOK and JILL LAWLESS / The Associated Press / truthdig   |   Thu, 21 Mar 2019 13:22:19

Jeremy Corbyn discusses alternative Brexit deals in Brussels

Labour party leader determined to avoid a no-deal exit from the EU
FT   |   Thu, 21 Mar 2019 13:20:07

Soft or hard, Brexit will cost UK and EU billions of euros: study

While the EU and the UKare set to lose billions in any Brexit scenario, there are winners, too.
Laurenz Gehrke / Politico   |   Thu, 21 Mar 2019 13:20:04

Chicken Or Egg? 'Blamescaping' For Local Slowdowns Goes Global

Authored by Michael Every via Rabobank, Which came first, chicken or egg? This age-old question may have been talked about as much as Brexit. And Brexit, too, is now facing a similar catch-22 situation. On Monday, speaker Bercow blocked another meaningful vote on May's deal, as it wasn't substantially different ...
Tyler Durden / Zero Hedge   |   Thu, 21 Mar 2019 13:14:19

John Bercow Passionately Defends MPs After Theresa May's Controversial Brexit Speech

Rachel Wearmouth / Huffington Post   |   Thu, 21 Mar 2019 13:13:09

Brexit: Dutch PM Rutte says EU will grant extension if MPs do their bit, GBP/USD remains at low ground

Mark Rutte, the PM of the Netherlands, said that the EU is ready to grant the Brexit short extension that PM May seeks if British Members of Parliament do their bit. He says that the problems are not due to May but others playing party politics. Asked about what happens ...
FX Street   |   Thu, 21 Mar 2019 13:11:59

Article 50 petition: Government website crashes after more than 900,000 demand Brexit is cancelled

Call to scrap withdrawal process takes just hours to attract double the signatures of petition calling for no-deal
Tom Barnes / The Independent   |   Thu, 21 Mar 2019 13:08:00

May says short Brexit delay will give Britain time to make final choice

British Prime Minister Theresa May said on Thursday a short delay to Britain's departure from the European Union would give parliament time to make a final choice on Brexit, hours before she will make her case with EU leaders for an extension.
Reuters   |   Thu, 21 Mar 2019 13:06:28

PM May says short Brexit delay will give Britain time to make final choice

British Prime Minister Theresa May said on Thursday a short delay to Britain's departure from the European Union would give parliament time to make a final choice on Brexit, hours before she will make her case with EU leaders for an extension.
Reuters   |   Thu, 21 Mar 2019 13:01:17

CBI and TUC unite again to demand Brexit 'Plan B'

Theresa May is facing demands to change course over Brexit from the CBI and TUC as she pleads for a Brexit delay in Brussels.
Sky   |   Thu, 21 Mar 2019 13:01:00

Bercow Accused Of Constitutional Vandalism For Blocking Brexit Deal Vote

Arj Singh / Huffington Post   |   Thu, 21 Mar 2019 12:59:42

Leo Varadkar thinks EU should cut UK some slack on Brexit extension

Irish taoiseach does not want to see a no-deal Brexit
FT   |   Thu, 21 Mar 2019 12:55:15

UK's Corbyn says he will try to renegotiate Brexit deal

British Labour opposition leader Jeremy Corbyn said after meeting the EU's Brexit negotiator that he will push ahead with Brexit and seek to renegotiate the terms of the divorce deal.
Reuters   |   Thu, 21 Mar 2019 12:53:02

Brexit: Jeremy Corbyn refuses to rule out revoking Article 50 to stop no-deal

Jeremy Corbyn has refused to rule out revoking Article 50 as a last resort in order to stop a no-deal Brexit.
Jon Stone / The Independent   |   Thu, 21 Mar 2019 12:52:00

John Bercow to UK MPs: 'None of you is a traitor'

Parliament speaker hits back after prime minister blamed MPs for Brexit delay.
Paul Dallison / Politico   |   Thu, 21 Mar 2019 12:48:24

Corbyn says he will try to renegotiate Brexit deal

British Labour opposition leader Jeremy Corbyn said after meeting the EU's Brexit negotiator that he will push ahead with Brexit and seek to renegotiate the terms of the divorce deal.
Reuters   |   Thu, 21 Mar 2019 12:47:10

EUR/GBP retreats from multi-week highs on latest Brexit headlines, trades near 0.8670

Labour's Corbyn believes that could get a majority for a Brexit deal. Austria's Kurz voices support for Article 50 extension. Bank of England leaves policy unchanged as expected. With the British pound struggling to find demand on Thursday amid the ongoing Brexit uncertainty, the EUR/GBP pair rose to its highest ...
FX Street   |   Thu, 21 Mar 2019 12:47:02

Nostalgic 'Only Fools and Horses' stage show soothes divided Britain

British comedy "Only Fools and Horses" ran for decades, drew the biggest home audience yet for a TV episode - and has smashed box office records with a West End musical version that resonates in a nation riven by Brexit and yearning for simpler times.
Reuters   |   Thu, 21 Mar 2019 12:44:26

UK's top toilet roll supplier stockpiling in case of no-deal Brexit

German firm Wepa stores 3.5m toilet and kitchen rolls in UK in bid to avoid customs delays One of the UK's biggest suppliers of toilet and kitchen roll has been stockpiling about 3.5m rolls in UK warehouses in preparation for a no-deal Brexit. The German firm Wepa said it had ...
Julia Kollewe / Guardian   |   Thu, 21 Mar 2019 12:43:22

Dollar mixed as Fed rally fizzles

Fed - Markets are still processing Fed decision EUR - Euro falls as German bunds target zero BOE - Unchanged on Interest Rate (vote 9-0) Oil - Softer on profit-taking Gold - Support from dovish Fed, Brexit and Trade risks Fed Financial markets are still processing the Fed's decision to ...
Ed Moya / OANDA   |   Thu, 21 Mar 2019 12:42:11

Gibraltar chief: Revoke Article 50 to 'take back control'

Gibraltar's chief minister Fabian Picardo believes revoking the UK's Article 50 notification is the only way "to take back control" of the Brexit process.
Sky   |   Thu, 21 Mar 2019 12:42:00

Factbox: With time running short, what happens next on Brexit?

The March 29 deadline for leaving the European Union is looming and with no Brexit deal yet approved by parliament, it is expected to be a tumultuous few days in which several different outcomes remain possible.
Reuters   |   Thu, 21 Mar 2019 12:41:01

Why Donald Trump is desperate for Britain to declare independence

The political and mercantilist motives behind US president's backing for hard Brexit
FT   |   Thu, 21 Mar 2019 12:38:47

Cut Britain some slack, but no rolling extension says Ireland's Varadkar

European Union leaders must show flexibility on Britain's Brexit plans given the "chaos" currently reigning in London, Irish Prime Minister Leo Varadkar said, adding that Britain would have to give a valid reason for the time extension it was seeking.
Reuters   |   Thu, 21 Mar 2019 12:35:48

With time running short, what happens next on Brexit?

The March 29 deadline for leaving the European Union is looming and with no Brexit deal yet approved by parliament, it is expected to be a tumultuous few days in which several different outcomes remain possible.
Reuters   |   Thu, 21 Mar 2019 12:34:57

Traders Snooze As BoE Repeats Usual Brexit Warnings As "No-Deal" Exit Looms

With just a week left until the "hard Brexit" deadline, it is not surprising that traders remain far more focused on the ongoing Brexit developments, where overnight skepticism about a lengthy Brexit extension returned - as Theresa May now appears to have lost all control of the process - pushing ...
Tyler Durden / Zero Hedge   |   Thu, 21 Mar 2019 12:16:36

What the EU should do next about Brexit

It is time for the other 27 member states to insist the UK make up its mind
FT   |   Thu, 21 Mar 2019 12:15:42

Bank of England holds interest rates at 0.75% amid Brexit chaos

Bank warns of increasing risks for economy because of impasse over UK's exit from EU The Bank of England has warned that continuing Brexit uncertainty and the prospect of further delay until the summer is serving as a handbrake on the economy, as it left interest rates on hold. Amid ...
Richard Partington Economics correspondent / Guardian   |   Thu, 21 Mar 2019 12:14:16

Brexit: Theresa May claims 'no evidence' she put MPs in danger by blaming them for delay in leaving EU

Prime minister on defensive after MP warns 'If any harm comes to any of us, she will have to accept her share of responsibility'
Rob Merrick / The Independent   |   Thu, 21 Mar 2019 12:11:00

Brexit and How Japanese Companies Are Navigating Its Uncertainties

They're making defensive moves while waiting to see what happens.
Paul Maidment / HBR   |   Thu, 21 Mar 2019 12:05:06

Bank of England on hold with Brexit clouding economic outlook

Policymakers unanimous in leaving UK interest rates unchanged
FT   |   Thu, 21 Mar 2019 12:04:57

Brexit Has Made the UK a Laughingstock

Gary Younge The British political class is in crisis. The post Brexit Has Made the UK a Laughingstock appeared first on The Nation .
Gary Younge / The Nation   |   Thu, 21 Mar 2019 12:00:32

The last way out of the Brexit nightmare

Britain's MPs should revoke Article 50 and start again to build a national consensus
FT   |   Thu, 21 Mar 2019 12:00:01

Will Brexit spell bust for architecture?

In an interview on the eve of the Brexit vote in 2016, Dutch architect Rem Koolhaas predicted a future of "pea soup and a complete absence of coffee" if the referendum passed and Great Britain withdrew from the European Union. For the European sophisticate, long a part-time London resident, Brexit...
Joseph Giovannini / LA Times   |   Thu, 21 Mar 2019 12:00:00

Irish PM Varadkar: Need to cut British establishment a little bit of slack and support their request

Additional comments from Irish Prime Minister Leo Varadkar continue to cross the wires. Key quotes (via Reuters) I do not think Brexit can drag on for months and years. Need to cut British establishment a little bit of slack on this and support their request. Nobody wants a no deal, ...
FX Street   |   Thu, 21 Mar 2019 11:59:23

Cable Slides As Civil War Looms - 17.4 Million Voted For Brexit & Are Being Denied It

Theresa May is meeting with EU leaders in Brussels, "working extremely hard," according to her spokesperson, as a standoff between the UK PM and the EU over a Brexit delay has put the prospect of a cliff-edge departure back in play for British companies. "If you're a business now thinking ...
Tyler Durden / Zero Hedge   |   Thu, 21 Mar 2019 11:55:06

Brexit: Toilet paper maker stockpiles in a case of no-deal

Major toilet tissue producer Wepa has accelerated plans to charter ships to prepare for no-deal.
BBC   |   Thu, 21 Mar 2019 11:52:04

Sterling drops further with investors fixated on Brexit

UK exit from EU looms just days away
FT   |   Thu, 21 Mar 2019 11:50:38

DUP no closer to backing PM's Brexit deal: lawmaker

The small Northern Irish party that props up British Prime Minister Theresa May's government is no closer to backing her EU divorce agreement as talks between the sides continue, the party's Brexit spokesman said on Thursday.
Reuters   |   Thu, 21 Mar 2019 11:50:05

Irish PM Varadkar: Any Brexit extension must have a purpose

Irish Prime Minister Leo Varadkar crossed the wires in the last minutes reiterating that any extension to Article 50 must have a purpose and nobody desired a no-deal Brexit. There was no market reaction to these remarks as participants are waiting for the Bank of England to release its policy ...
FX Street   |   Thu, 21 Mar 2019 11:49:31

Brexit is doing untold damage to a Europe of citizens - and the EU is complicit in it

The British government rightly deserves the criticism it is getting, but we also need to take a closer look at the conduct of the EU, Andrew Scott writes. - Opinion
Andrew Scott / New Federalist   |   Thu, 21 Mar 2019 11:46:29

Britain's leader Theresa May to plead for Brexit delay

European leaders will decide whether to grant the United Kingdom a delay over Brexit, scheduled in just eight days.
Kim Hjelmgaard, USA TODAY / USA Today   |   Thu, 21 Mar 2019 11:45:52

Stop Brexit: 700,000 sign UK petition to stay in EU

More than 17 million Britons voted in favour of leaving the EU in a 2016 referendum while 16 million voted to remain, with May serving notice of the UK's intent to leave under Article 50 of the EU's Lisbon Treaty the following year.
Reuters / Financial Express   |   Thu, 21 Mar 2019 11:45:39

Financial sector remains exposed to no-deal Brexit, warns FCA

Watchdog says risks remain despite enactment of contingency plans
FT   |   Thu, 21 Mar 2019 11:41:35

Hard Brexit Means a Hard Border for 6,000 Stocks

The toxic political mood is infecting financial regulation. European and British supervisors are planning drastic measures in the event of no deal.
Washington Post   |   Thu, 21 Mar 2019 11:30:25

UK PM May Spokeswoman: Government plans to put Brexit deal to vote ASAP

The UK PM Theresa May's spokesman was out on the wires in the last hour, saying that Brexit is an incredibly challenging process and that the government plans to put Brexit deal to vote ASAP. Additional quotes: • PM May working incredibly hard to get Brexit done. • Will have ...
FX Street   |   Thu, 21 Mar 2019 11:29:50

Angela Merkel ready to agree short Brexit extension

Delay dependant on Brexit deal approval in the UK
FT   |   Thu, 21 Mar 2019 11:24:54

UK's Leadsom: Timing of Brexit vote depends on EU Council decision

UK House of Commons leader Andrea Leadsom recently crossed the wires stating that the timing of the Brexit vote would depend on the EU Council's decision on the Article 50 extension request. Key quotes (via Reuters) The government will seek to amend Brexit date through statutory instrument if agreement to ...
FX Street   |   Thu, 21 Mar 2019 11:17:25

Another Meaningless Vote Confirmed for Monday

Andrea Leadsom has just revealed Parliamentary business for next week. Monday will see another Brexit vote, but not a meaningful one. Section 13(4) of the Withdrawal Act relates to the Government making a statement relating to the next steps they will take rather than a meaningful vote itself. Parliament will ...
Tom Harwood / Guy Fawkes' blog   |   Thu, 21 Mar 2019 11:16:03

"Despite Brexit, Sterling credit holds up with a surprise front runner"

From M&G's Bond Vigilantes: With Brexit in every headline, it's hard not to form an opinion on the possible outcome for the UK. Investors are getting increasingly edgy about the impact on certain asset classes, and I have read many articles predicting which sectors will do well in various exit ...
climateer / Climateer Investing   |   Thu, 21 Mar 2019 11:14:00

Theresa May Told June 30 Brexit Delay Is 'Impossible' Ahead Of EU Summit

Ned Simons / Huffington Post   |   Thu, 21 Mar 2019 11:12:59

EU rejects UK Prime Minister Theresa May's request for three-month Brexit delay: sources

The European Union is poised to take control of Britain’s exit by rejecting Theresa May’s request for a three-month delay and setting a new withdrawal date of no later than May 22.The British prime minister is seeking an extension of the negotiating period to June 30 to allow the necessary ...
The Guardian / South China Morning Post   |   Thu, 21 Mar 2019 11:12:30

Shoppers increase spending despite Brexit uncertainty

UK retail sales rose 0.4% in February, although food stores recorded big drop, says ONS Next profits fall but boss says Brexit not affecting spending British consumers appear to have shrugged off mounting fears over Brexit by raising their spending in February, as unseasonably warm weather tempted shoppers to the ...
Richard Partington / Guardian   |   Thu, 21 Mar 2019 11:12:22

Brexit: More than 700K British citizens have signed petition to revoke Article 50

A petition, created by former college lecturer Margaret Anne Georgiadou, calling for Article 50 to be revoked and allow the UK to remain in the EU has been already signed by more than 730,000 people. According to the UK Parliament's website, where the petition is displayed, Parliament has to consider ...
FX Street   |   Thu, 21 Mar 2019 11:08:08