Brexit News Archive: 02 Apr 2019

EU draws up strict conditions for Brexit extension

Bloc could demand 'gentleman's agreement' to limit UK actions while a member state
FT   |   Tue, 2 Apr 2019 20:41:33

Brexit: Theresa May tears up strategy as she opens door to softer exit with Jeremy Corbyn's backing

The move has infuriated Tory eurosceptics as hope of no-deal Brexit slips away
Joe Watts / The Independent   |   Tue, 2 Apr 2019 20:40:31

May gambles on talks with Labour to unlock Brexit, enraging her own party

Prime Minister Theresa May said on Tuesday she would seek another Brexit delay to agree an EU divorce deal with the opposition Labour leader, a last-ditch gambit to break an impasse over Britain's departure that enraged many in her party.
Reuters   |   Tue, 2 Apr 2019 20:22:04

Corbyn: Very happy to meet May for cross-party Brexit talks

The leader of the opposition says he is open to discussions to end the deadlock over Brexit.
BBC   |   Tue, 2 Apr 2019 20:02:13

There was the Prime Minister, just a girl, standing in front of a boy, asking him to smash up his party so she didn't have to smash up hers

This wasn't party before country, it was party before party, and one of the parties wasn't even hers
Tom Peck / The Independent   |   Tue, 2 Apr 2019 19:59:00

Senior Conservative says PM May's new Brexit plan a disaster

British lawmaker Iain Duncan Smith, a former leader of Prime Minister Theresa May's Conservative Party and a staunch Brexit supporter, attacked her new plan to delay Brexit and open talks with the leader of the opposition Labour Party, Jeremy Corbyn.
Reuters   |   Tue, 2 Apr 2019 19:54:29

Senior UK Conservative says PM May's new Brexit plan a disaster

British lawmaker Iain Duncan Smith, a former leader of Prime Minister Theresa May's Conservative Party and a staunch Brexit supporter, attacked her new plan to delay Brexit and open talks with the leader of the opposition Labour Party, Jeremy Corbyn.
Reuters   |   Tue, 2 Apr 2019 19:54:26

A Brexit war is looming in Theresa May's Conservative party

Theresa May has finally made a decision. And it's not one her hard-Brexit allies will like.
CNN   |   Tue, 2 Apr 2019 19:42:51

Brexit breakthrough? May and Corbyn will meet to seek a compromise

There is some good news about Brexit. The magic eye picture of Britain's policy is beginning to emerge from the random pixels of the referendum campaign's promises and threats to a shadowy image of compromise. But there are three problems: parliament is looking at the picture from a different angle ...
Matthew Cole, Teaching Fellow, Department of History, University of Birmingham / The Conversation   |   Tue, 2 Apr 2019 19:42:36

Gove still hopes Northern Irish DUP will back May's Brexit approach

The British government still wants the support of Northern Irish unionists to pass its Brexit deal despite pivoting in its strategy to consult the opposition Labour party on the way forward, environment minister Michael Gove said on Tuesday.
Reuters   |   Tue, 2 Apr 2019 19:41:23

UK's Gove still hopes Northern Irish DUP will back May's Brexit approach

The British government still wants the support of Northern Irish unionists to pass its Brexit deal despite pivoting in its strategy to consult the opposition Labour party on the way forward, environment minister Michael Gove said on Tuesday.
Reuters   |   Tue, 2 Apr 2019 19:33:40

Brexit latest: Jeremy Corbyn says he is 'very happy' to meet Theresa May after she offered cross-party talks to break deadlock

'We recognise that she has made a move, I recognise my responsibility to represent the people that supported Labour in the last election'
Ashley Cowburn / The Independent   |   Tue, 2 Apr 2019 19:33:00

We need clarity, France and Germany tell UK after May seeks further Brexit delay

The foreign ministers of Germany and France called for more clarity from London on Tuesday after British Prime Minister Theresa May said she would seek a further delay to Britain's withdrawal from the European Union.
Reuters   |   Tue, 2 Apr 2019 19:31:26

Pro-Brexit supporters sabotage rail network with 'malicious devices'

Telegraph Reporters / Telegraph   |   Tue, 2 Apr 2019 19:28:02

Brexit becoming 'soft to the point of disintegration', says Johnson

Boris Johnson, who was a leading figure in the campaign to take Britain out of the EU, said Brexit was becoming "soft to the point of after Prime Minister Theresa May asked to work with the opposition Labour party to secure an exit deal.
Reuters   |   Tue, 2 Apr 2019 19:24:45

Brexit becoming "soft to the point of says Johnson

Boris Johnson, who was a leading figure in the campaign to take Britain out of the EU, said Brexit was becoming "soft to the point of after Prime Minister Theresa May asked to work with the opposition Labour party to secure an exit deal.
Reuters   |   Tue, 2 Apr 2019 19:23:14

May faces down her Eurosceptic ministers on Brexit

PM uses marathon cabinet meeting to pave way for softer departure from EU
FT   |   Tue, 2 Apr 2019 19:17:55

PM May's Brexit plea to Labour likely to fail, JPMorgan warns

U.S. investment bank JPMorgan predicted failure for British Prime Minister's appeal for help from opposition Labour Party leader Jeremy Corbyn to break the Brexit logjam.
Reuters   |   Tue, 2 Apr 2019 19:13:16

May's Brexit gambit hands intitiative to Corbyn

PM's move is decisive and correct - even if it is far too late
FT   |   Tue, 2 Apr 2019 19:08:29

U.K. police investigate devices found placed on rail line linked to Brexit

British police on Tuesday were investigating two attempts to disrupt the rail network that they said were linked to Britain's exit from the European Union.The ...
No Author / Japan Times   |   Tue, 2 Apr 2019 19:06:42

UK Labour leader Corbyn: Good Friday agreement must be maintained

The UK's opposition Labour Party's leader, Jeremy Corbyn, crossed the wires in the last minutes announcing that they will be putting proposals to Parliament next week in order to prevent a no-deal Brexit. Earlier in the day, British Prime Minister Theresa May said that she will be meeting with Corbyn ...
FX Street   |   Tue, 2 Apr 2019 19:06:34

Opposition leader Corbyn: could still call no-confidence vote in PM May

British opposition Labour leader Jeremy Corbyn welcomed Prime Minister Theresa May's offer of Brexit talks on Tuesday but warned he reserved the right to try to bring the government down if it is incapable of getting a majority in parliament.
Reuters   |   Tue, 2 Apr 2019 19:04:01

Brexit prize in sight, May wants to find way with Labour - spokesman

Prime Minister Theresa May believes trying to reach agreement with Labour leader Jeremy Corbyn to break a parliamentary impasse is worth aiming for to win the "significant prize" of Brexit, her spokesman said on Tuesday.
Reuters   |   Tue, 2 Apr 2019 19:02:25

Brexit compromise: Theresa May seeks delay to agree deal with Labour Party

Prime Minister Theresa May said on Tuesday she would ask the European Union for a further delay to Brexit beyond April 12 to give her time to sit down with the opposition Labour Party in a bid to break the impasse over Britain's departure.
Reuters   |   Tue, 2 Apr 2019 18:50:41

Boris Johnson: UK PM May's new plan will hand power to Brussels

Boris Johnson, former British foreign secretary and prominent Brexiteer, said on Tuesday that Prime Minister Theresa May's new plan to further delay Brexit and open talks with the opposition Labour Party would hand power to the European Union.
Reuters   |   Tue, 2 Apr 2019 18:49:38

Brexit - live: Theresa May vows to delay EU departure to secure a deal and reaches out to Jeremy Corbyn

Follow our live coverage of the day's political events
Chris Baynes, Harry Cockburn, Lizzy Buchan / The Independent   |   Tue, 2 Apr 2019 18:48:00

Brexit: Theresa May to ask EU for further extension

The PM wants to work with Jeremy Corbyn on a plan, which MPs will vote on, while keeping her withdrawal agreement as part of the deal.
BBC   |   Tue, 2 Apr 2019 18:45:47

PM May's new plan will hand power to Brussels - Boris Johnson

Boris Johnson, former British foreign secretary and prominent Brexiteer, said on Tuesday that Prime Minister Theresa May's new plan to further delay Brexit and open talks with the opposition Labour Party would hand power to the European Union.
Reuters   |   Tue, 2 Apr 2019 18:44:55

May offers to open fresh talks with opposition leader

UK Prime Minister Theresa May says a further delay to Brexit will be needed to "break the logjam" in Parliament over Britain's withdrawal from the European Union.
CNN   |   Tue, 2 Apr 2019 18:42:55

May offers Corbyn talks to resolve Brexit impasse

Further extension needed to stop no-deal, says PM after marathon cabinet meeting
FT   |   Tue, 2 Apr 2019 18:38:48

"Deeply Rees-Mogg attacks PM May's new Brexit plan

Jacob Rees-Mogg, a leading hardline Brexiteer in Theresa May's Conservative Party, attacked her plan to further delay Brexit so she can work with the opposition Labour party to break the impasse over Britain's departure.
Reuters   |   Tue, 2 Apr 2019 18:31:55

'Deeply unsatisfactory': Rees-Mogg attacks PM May's new Brexit plan

Jacob Rees-Mogg, a leading hardline Brexiteer in Theresa May's Conservative Party, attacked her plan to further delay Brexit so she can work with the opposition Labour party to break the impasse over Britain's departure.
Reuters   |   Tue, 2 Apr 2019 18:31:49

EU's Tusk calls for patience with Britain over Brexit

European Union leaders should be patient with Britain over its struggle to find majority support for a deal to exit the EU, the chairman of EU leaders Donald Tusk said on Tuesday.
Reuters   |   Tue, 2 Apr 2019 18:27:11

EUR/GBP: Brexit optimists look to 200-week ma at 0.8404

EUR/GBP is currently trading at 0.8536, within a range of between 0.8530 and 0.8607. Brexit uncertainty leaves the cross hanging in the balance, yet optimists look for a soft landing for the UK. UK Lawmakers failed again yesterday on backing any kind of a majority for any style of Brexit ...
FX Street   |   Tue, 2 Apr 2019 18:23:32

Brexit: Theresa May says UK will seek 'short extension' as she reaches out to Corbyn for new deal

The offer to compromise with Labour suggests the prime minister has abandoned hope of passing her deal on the back of DUP votes
Joe Watts / The Independent   |   Tue, 2 Apr 2019 18:16:00

Sturgeon: Prime minister 'kicking the can' over Brexit

Theresa May wants a further extension to the Brexit deadline - but Nicola Sturgeon says she's "kicking the can".
BBC   |   Tue, 2 Apr 2019 18:12:03

Scotland's Sturgeon says May's Brexit offer is a potential trap

Scotland's First Minister Nicola Sturgeon said Prime Minister Theresa May's offer to ask for a Brexit extension "as short as possible" is a potential trap.
Reuters   |   Tue, 2 Apr 2019 18:08:21

Theresa May to seek further Brexit delay

The UK Prime Minister has also offered to sit down with opposition Labour leader Jeremy Corbyn to discuss the deal.
Al Jazeera   |   Tue, 2 Apr 2019 18:07:38

Softer Brexit would be welcome but PM May needs to deliver: Labour's Benn

British Prime Minister Theresa May needs to back up her shift in Brexit strategy with action but if she is moving towards a softer Brexit, that would be welcome, influential Labour lawmaker Hilary Benn said on Tuesday.
Reuters   |   Tue, 2 Apr 2019 18:07:06

Fourteen ministers against long Brexit extension - The Times

Fourteen British ministers spoke against a long extension to Brexit at a cabinet meeting convened by Prime Minister Theresa May to find a way out of the impasse, The Times' Deputy Political Editor Sam Coates said.
Reuters   |   Tue, 2 Apr 2019 18:00:14

Fourteen UK ministers against long Brexit extension: The Times

Fourteen British ministers spoke against a long extension to Brexit at a cabinet meeting convened by Prime Minister Theresa May to find a way out of the impasse, The Times' Deputy Political Editor Sam Coates said.
Reuters   |   Tue, 2 Apr 2019 17:59:29

May offers Corbyn talks to end Brexit impasse

Further extension to Article 50 needed to stop no-deal, says PM
FT   |   Tue, 2 Apr 2019 17:57:59

FTSE 100 hits six-month high; pound lifted by May's Brexit statement - business live

UK stock market has closed at its highest level since October 2018, before Theresa May's offer to build a new Brexit consensus lifts sterling Latest: Pound rises as May reaches out to Corbyn.... FTSE 100 closes at six-month high Expert: Melt-up might be coming UK construction sector shrank in March ...
Graeme Wearden / Guardian   |   Tue, 2 Apr 2019 17:56:10

May's extension statement in full

Mrs May says she will ask the EU for an extension to the Brexit deadline to "break the logjam".
BBC   |   Tue, 2 Apr 2019 17:55:23

Theresa May Says Britain Will Seek Second Brexit Delay

May also offered to sit down with opposition Labour Party leader Jeremy Corbyn
JILL LAWLESS, RAF CASERT and DANICA KIRKA / AP / Time   |   Tue, 2 Apr 2019 17:53:32

Brexit: Government did not speak to French ports in no-deal plan

In a leaked document, the Department for Transport admits it has not engaged with French port operators.
BBC   |   Tue, 2 Apr 2019 17:45:30

GBP/JPY Technical Analysis: Sterling rises on UK PM May's Brexit statement

GBP/JPY daily chart GBP/JPY is consolidating above its 200-day simple moving averages (SMA). Brexit: UK PM May seeks out Corbyn to agree a plan. GBP/JPY 4-hour chart GBP/JPY is testing the 146.00 figure and the 200 SMA. GBP/JPY 30-minute chart GBP/JPY is trading above its main SMAs suggesting bullish momentum ...
FX Street   |   Tue, 2 Apr 2019 17:40:53

May reaches out to Corbyn to break Brexit impasse

The UK prime minister says she will sit down with opposition Labour leader Jeremy Corbyn to try to find a joint way out of Brexit impasse.
Charlie Cooper, Lili Bayer / Politico   |   Tue, 2 Apr 2019 17:37:27

Sterling rallies as PM Theresa May seeks Brexit extension

Times of India   |   Tue, 2 Apr 2019 17:32:18

Highlights: May's statement on Brexit extension

British Prime Minister Theresa May said on Tuesday she will ask the European Union for an extension to the Brexit negotiation period and will sit down with opposition Labour leader Jeremy Corbyn in an attempt to break the impasse in parliament.
Reuters   |   Tue, 2 Apr 2019 17:31:46

No-deal Brexit more likely by the day, three options left - EU's Barnier

Britain has become more likely in the recent days to crash out of the European Union without a divorce agreement, the bloc's chief Brexit negotiator Michel Barnier said on Tuesday.
Reuters   |   Tue, 2 Apr 2019 17:28:37

May says she will ask for a further Brexit delay

British Prime Minister Theresa May said on Tuesday she will ask the European Union for an extension to the Brexit negotiation period and will sit down with opposition Labour leader Jeremy Corbyn in an attempt to break the impasse in parliament.
Reuters   |   Tue, 2 Apr 2019 17:23:48

UK PM May says she will ask for a further Brexit delay

British Prime Minister Theresa May said on Tuesday she will ask the European Union for an extension to the Brexit negotiation period and will sit down with opposition Labour leader Jeremy Corbyn in an attempt to break the impasse in parliament.
Reuters   |   Tue, 2 Apr 2019 17:21:35

May seeks further Brexit delay and makes offer to Corbyn

Theresa May has said she will be seeking a further delay to Brexit, as she offered to sit down with Labour leader Jeremy Corbyn in a bid to break the impasse.
Sky   |   Tue, 2 Apr 2019 17:17:00

Brexit: UK PM May seeks out Corbyn to agree a plan

Following yesterday's crystallisation of the impasse within Parliament, PM May has made a statement and has said the government stands ready to abide by the decision of the house but says to make this process work, the opposition needs to agree too. UK PM May: still aiming to leave EU ...
FX Street   |   Tue, 2 Apr 2019 17:16:41

Let's be open to credible Brexit proposals from Britain: Varadkar

Prime Minister Leo Varadkar said on Tuesday a no-deal Brexit would be difficult for Ireland and that European leaders needed to be open to any credible proposals the British government puts forward to break the deadlock.
Reuters   |   Tue, 2 Apr 2019 17:09:59

May could soften Brexit plans: Daily Telegraph reporter

British Prime Minister Theresa May could be preparing to soften some of her Brexit plans, but not her opposition to allowing freedom of movement from the European Union, The Daily Telegraph's deputy political editor said.
Reuters   |   Tue, 2 Apr 2019 16:55:01

The Brief: East-west truck dispute, ECB Brexit warning, Prison suicide rates

In this edition we look into the the truck driver dispute which has delayed the EU's mobility package which is causing an east-west rift, the ECB issues a Brexit warning to the markets and France has the highest prison suicide rate in Europe.
euronews   |   Tue, 2 Apr 2019 16:54:37

Brexit: What happens now?

MPs have voted against Theresa May's deal and all alternative options for Brexit. What can break the deadlock?
BBC   |   Tue, 2 Apr 2019 16:47:57

What does a no-deal Brexit actually mean?

It's apparently becoming "more likely" so why not add it to your Brexit vocabulary?
BBC   |   Tue, 2 Apr 2019 16:45:30

UK police investigate devices on rail line linked to Brexit

British police on Tuesday were investigating two attempts to disrupt the rail network that they said were linked to Britain's exit from the European Union.
Reuters   |   Tue, 2 Apr 2019 16:29:20

UK MPs try to force May to seek further Brexit delay

A group of British MPs want to pass a law in an attempt to prevent Britain leaving the European bloc without a deal.
Al Jazeera   |   Tue, 2 Apr 2019 16:09:24

Rail 'sabotage' attempts linked to Brexit, UK police say

Obstructions dubbed serious and deliberate attempt to disrupt network
FT   |   Tue, 2 Apr 2019 16:03:11

Cabinet in crisis talks over Brexit deadlock

Meeting comes as top civil servant issues dire warning about no-deal exit from EU
FT   |   Tue, 2 Apr 2019 15:34:00

Macron says he is 'open' to long Brexit delay for referendum, general election, or softer deal

French president however warns
Jon Stone / The Independent   |   Tue, 2 Apr 2019 15:32:00

Norman Lamb considers quitting Liberal Democrats as party risks becoming 'mirror image of ERG'

Former minister suggests his party is 'stuck in a trench not moving' after it refused to support soft Brexit compromise
Benjamin Kentish / The Independent   |   Tue, 2 Apr 2019 15:31:00

Macron, Irish PM urge UK to propose alternative Brexit plan

Speaking during a visit by Irish PM Leo Varadkar, French President Emmanuel Macron on Tuesday warned that the EU could not be held "hostage" to the Brexit crisis and urged Britain to come up with credible alternative proposals to its exit deal.
FRANCE 24 / France 24   |   Tue, 2 Apr 2019 15:26:19

UK manufacturing growth vulnerable to post-Brexit tariffs

Four industries most responsible for sector's recovery also rely on close ties with EU
FT   |   Tue, 2 Apr 2019 15:25:33

Ireland won't countenance checks on its exports at EU ports

Ireland will not countenance checks on its exports at EU ports following any no-deal Brexit as a result of its plan to keep an open border with Northern Ireland, Foreign Minister Simon Coveney said on Tuesday.
Reuters   |   Tue, 2 Apr 2019 15:17:31

Two devices left on railways in 'Brexit-related bid to cause major disruption'

Two devices were placed on railway tracks in a Brexit-related attempt to "cause significant sabotage and disruption to Britain's rail network".
Sky   |   Tue, 2 Apr 2019 15:13:00

Emmanuel Macron sees no-deal Brexit ahead

French president says UK needs 'credible' plan backed by parliament before April 10
FT   |   Tue, 2 Apr 2019 14:59:18

Brexit: Bill to prevent no-deal reportedly set for speedy approval on Wednesday, April 3rd , GBP/USD rises

Conservative MP Sir Oliver Letwin and Labour MP Yvette Cooper have tabled their motion to vote on a Bill to prevent a no-deal Brexit and extend Article 50. It includes a speedy timetable in which MPs will vote on all three readings on Wednesday, April 3rd. The second reading is ...
FX Street   |   Tue, 2 Apr 2019 14:56:12

MPs launch last-minute effort to prevent no-deal Brexit

CNN   |   Tue, 2 Apr 2019 14:55:54

Brexit: UK preparing for EU election following last Friday's vote on Withdrawal deal

A letter that was written by David Lidington, Minister for the Cabinet Office, to the Electoral Commission's Chief Executive Bob Posner suggests that after Parliament rejected Prime Minister Withdrawal deal on Friday, the UK is looking to make the necessary preparations to take part in the EU elections. This development ...
FX Street   |   Tue, 2 Apr 2019 14:54:44

With British government, parliament and people divided, a disorderly Brexit looms

The European Union said on Tuesday that Britain could be heading for a potentially disorderly exit in just 10 days time as Prime Minister Theresa May met with ministers to thrash out ways to break the Brexit deadlock.
Reuters   |   Tue, 2 Apr 2019 14:48:00

France's Macron says 'no-deal' Brexit would be Britain's own making

French President Emmanuel Macron urged Britain on Tuesday to come up with a plan to break the Brexit deadlock before a summit in Brussels next week, or risk slipping automatically towards a disorderly exit from the European Union.
Reuters   |   Tue, 2 Apr 2019 14:38:32

Factbox: No-deal Brexit - what it might mean for UK economy

Britain is due to leave the European Union on April 12 unless Prime Minister Theresa May can break the deadlock in parliament or asks Brussels for more time, raising the prospect of an abrupt, no-deal Brexit for the world's fifth-biggest economy.
Reuters   |   Tue, 2 Apr 2019 14:35:46

Let's be open to credible Brexit proposals from Britain: Ireland's Varadkar

Irish Prime Minister Leo Varadkar said European leaders need to be open to any credible proposals that Britain's Theresa May puts forward to break the Brexit deadlock at an emergency summit next week.
Reuters   |   Tue, 2 Apr 2019 14:34:11

EU says disorderly exit looms as May seeks way out of Brexit maelstrom

The European Union said on Tuesday that Britain could be heading for a potentially disorderly exit in just 10 days time as Prime Minister Theresa May met with ministers to thrash out ways to break the Brexit deadlock.
Reuters   |   Tue, 2 Apr 2019 14:30:26

IMF chief warns of slower growth for most countries worldwide

Christine Lagarde says world economy 'unsettled' as fund poised to downgrade forecast The head of the International Monetary Fund has warned that the majority of countries around the world can expect slower growth in 2019 as the global economy loses momentum. Christine Lagarde said rising trade tensions, concerns over Brexit ...
Richard Partington Economics correspondent / Guardian   |   Tue, 2 Apr 2019 14:21:24

Endless Brexit leaves UK exhausted

CNN   |   Tue, 2 Apr 2019 14:13:34

May grapples with Brexit deadlock as EU warns of no-deal

U.K. Prime Minister Theresa May held crisis talks with her ministers Tuesday to try to resolve a monthslong Brexit deadlock, as the EU warned of ...
No Author / Japan Times   |   Tue, 2 Apr 2019 13:47:50

Factbox: How parliament plans to pull back from the Brexit cliff-edge

A group of British lawmakers said on Tuesday they would try to force Prime Minister Theresa May to seek a delay to Britain's departure from the European Union to prevent a chaotic no-deal exit on April 12.
Reuters   |   Tue, 2 Apr 2019 13:47:00

The U.K. is Now 'Very Likely' to Leave the E.U. Without a Deal, Warns Chief Negotiator

The U.K. is now "very likely" to crash out of the European Union without a deal, the E.U.'s chief negotiator Michel Barnier said Tuesday morning, hours after the country's parliament voted down every available option for moving forward with Brexit. Speaking to European lawmakers in Brussels, Barnier said a no-deal ...
Ciara Nugent / Time   |   Tue, 2 Apr 2019 13:25:55

The UK is in the worst possible Brexit predicament

Only a momentous act of political will can avert a no-deal exit from the EU
FT   |   Tue, 2 Apr 2019 13:24:18

Brexit latest: New bill to stop no-deal exit tabled by cross-party alliance of MPs

Legislation designed to clear the Commons in a single day on Thursday - to compel an extension to Article 50 beyond 12 April
Rob Merrick / The Independent   |   Tue, 2 Apr 2019 12:44:00

Brexit is paralyzed and so is the UK economy

The inability of UK politicians to agree how to leave the European Union has plunged Brexit into chaos and helped paralyze the British economy.
CNN   |   Tue, 2 Apr 2019 12:41:26

Ford to take 'long hard look' at UK future in no-deal Brexit

Ford has stepped up warnings over a no-deal Brexit, saying it would take a "long hard look" at its UK operations in that event.
Sky   |   Tue, 2 Apr 2019 12:40:00

Brexit: MPs push to prevent no-deal in law

The UK is "in a very dangerous situation", says Yvette Cooper MP, who has presented the bill.
BBC   |   Tue, 2 Apr 2019 12:36:26

UK lawmakers will try to force May to seek further Brexit delay

A group of British lawmakers said on Tuesday they would try to pass a law which would force Prime Minister Theresa May to seek a delay to Britain's departure from the European Union and thus prevent a chaotic no-deal exit on April 12.
Reuters   |   Tue, 2 Apr 2019 12:35:22

UK lawmakers will try to force PM May to seek further Brexit delay

A group of British lawmakers said on Tuesday they would try to pass a law which would force Prime Minister Theresa May to seek a delay to Britain's departure from the European Union and thus prevent a chaotic no-deal exit on April 12.
Reuters   |   Tue, 2 Apr 2019 12:30:44

GBP/USD hits fresh session lows, bears eyeing a sustained break through 1.30 mark

• Rising risk of a no-deal Brexit weigh/prompts some fresh selling on Tuesday. • The UK PM May is leaning towards a no-deal Brexit over revoking Article 50. • UK lawmakers said to plan a bill to stop no-deal Brexit and force an extension. The selling pressure around the British ...
FX Street   |   Tue, 2 Apr 2019 12:25:31

Brexit: MPs reveal emergency plan to stop no-deal exit on April 12th, GBP/USD stabilizes

Labour Member of Parliament Yvette Cooper presented a bill that would stop a no-deal Brexit. In cooperation with Conservative MP Sir Oliver Letwin, she explained that under the bill, PM Theresa May would have to seek an extension to Article 50. The bill will be discussed in a quick procedure ...
FX Street   |   Tue, 2 Apr 2019 12:21:41

Cross party MPs' bill would force May to delay Brexit

Cooper-Letwin legislation requires PM to seek further EU extension if no-deal exit looms
FT   |   Tue, 2 Apr 2019 12:08:08

Rumours that UK government told it cannot hold new Brexit vote - BBC political editor

There are suggestions that Britain's government has been told it will not be allowed to bring Prime Minister Theresa May's Brexit deal back for a fourth vote, the BBC's political editor said on Tuesday.
Reuters   |   Tue, 2 Apr 2019 11:54:42

May would go for no-deal Brexit over revoking Article 50 - FT reporter

British Prime Minister Theresa May would rather go for a no-deal Brexit than halt the leaving process altogether, she will tell senior ministers on Tuesday, a reporter for the Financial Times said.
Reuters   |   Tue, 2 Apr 2019 11:52:51

Rumors that UK government told it cannot hold new Brexit vote: BBC political editor

There are suggestions that Britain's government has been told it will not be allowed to bring Prime Minister Theresa May's Brexit deal back for a fourth vote, the BBC's political editor said on Tuesday.
Reuters   |   Tue, 2 Apr 2019 11:39:44

UK PM May would go for no-deal Brexit over revoking Article 50: FT reporter

British Prime Minister Theresa May would rather go for a no-deal Brexit than halt the leaving process altogether, she will tell senior ministers on Tuesday, a reporter for the Financial Times said.
Reuters   |   Tue, 2 Apr 2019 11:37:57

Brexit: PM May to pick no-deal Brexit over revocation of Article 50

Sebastian Payne, Financial Times' Whitehall correspondent, said that British Prime Minister Theresa May would tell cabinet that she would opt for the latter if it were come down to a decision between the revocation of Article 50 and no-deal Brexit. The initial market reaction weighed on the GBP and dragged ...
FX Street   |   Tue, 2 Apr 2019 11:26:53

ECB's Villeroy: Markets have not entirely grasped the possibility of a hard Brexit

Additional comments from European Central Bank (ECB) Governing Council member Villeroy crossed the wires in the last minutes as he continues to talk about the potential negative impact of a hard Brexit on the European economy. Key quotes (via Reuters) Financial markets have not entirely grasped the possibility of a ...
FX Street   |   Tue, 2 Apr 2019 10:51:38

World shares perch near six-month high, oil chases $70 a barrel

World stocks hovered just under a six-month high on Tuesday as Brent neared $70 a barrel for the first time since November, Brexit fatigue sapped sterling and the dollar shows signs of gaining strength again.
Reuters   |   Tue, 2 Apr 2019 10:44:55

Brexit delay: How can Article 50 be extended?

How would a request for more time to negotiate Brexit work?
BBC   |   Tue, 2 Apr 2019 10:38:37

AP Top Stories April 2 A

Here's the latest for Tuesday April 2nd: Politicians, economists warn about border closing threat; Suspect named in Nipsey Hussle killing; Four found dead in North Dakota business; EU negotiator says no deal Brexit becoming more likely.
AP, AP / USA Today   |   Tue, 2 Apr 2019 10:30:34

May calls in ministers to find way out of Brexit maelstrom

British Prime Minister Theresa May chairs several hours of cabinet meetings on Tuesday in an attempt to plot a course out of the Brexit maelstrom as she comes under pressure to either leave the European Union without a deal or call an election.
Reuters   |   Tue, 2 Apr 2019 10:30:01

The 10 most dire warnings from business on Brexit

Weeks after the Brexit vote in June 2016, Japan urged the United Kingdom to negotiate its EU divorce quickly and transparently to protect business.
CNN   |   Tue, 2 Apr 2019 10:22:04

Revolt of The Public

Martin Gurri' book The Revolt of The Public and the Crisis of Authority in the New Millennium has gotten *lots of praise. For example, Tyler: I am reading this splendid book for the first time. It basically explains why Brexit ... Continue reading →
Robin Hanson / Overcoming Bias   |   Wed, 27 Mar 2019 20:10:53

Banks, Big Tech, & Bond Yields Tumble As Fed-Cred Collapses

Goldilocks? Inconceivable! After two ugly days, China stabilized last night European markets were volatile today but UK's FTSE continues to underperform as various Brexit deadlines loom... Meanwhile, German bund yields dropped back below JGB 10Y yields for the first time since 2016... US markets tumbled shortly after the ubiquitous opening ...
Tyler Durden / Zero Hedge   |   Wed, 27 Mar 2019 20:01:12

Iris Dorbian wrote a new post, PE HUB Second Opinion, on the site PE Hub

British Prime Minister Theresa May promises to resign if the UK parliament backs her Brexit plan. U.S. health insurer Centene Corp on Wednesday said it would buy smaller rival WellCare Health Plans Inc for [...]
peHUB   |   Wed, 27 Mar 2019 19:45:19

Theresa May Concedes Desire for 'New Leadership'

The U.K. prime minister says she is prepared to step down earlier than intended in order to win passage of her Brexit deal.
The Associated Press / truthdig   |   Wed, 27 Mar 2019 19:27:13

Whitney Tilson Is Looking For Bargains In Weed, Are You?!

Whitney Tilson's email to investors discussing cannabis webinar tonight; SEC vs. Musk hearing; Tesla hiding sales to third-party resellers; Colbert on Brexit; question 7. 1) I've been warning investors about the publicly traded pot stocks ever since the absolute peak [...] The post Whitney Tilson Is Looking For Bargains In ...
Jacob Wolinsky / Value Walk   |   Wed, 27 Mar 2019 18:35:25

Theresa May Offers to Resign

British Prime Minister Theresa May has told Tory MPs she would not remain in her post for the next phase of the negotiations with the European Union if her Brexit deal passes the House of Commons, the BBC reports. Said May: "I am prepared to leave this job earlier than ...
Taegan Goddard / Taegan Goddard   |   Wed, 27 Mar 2019 17:34:08

Theresa May Tells Tory MPs She Will Step Down After "Delivering Brexit"

Update (1:30 pm ET): Though she declined to specify a date, May told Tory backbenchers that she will step down after "delivering Brexit," meaning that she will not lead the next phase of negotiations with the EU, where the two sides are expected to hash out a new trade agreement. ...
Tyler Durden / Zero Hedge   |   Wed, 27 Mar 2019 17:31:20

May Tells Tory MPs She Will Step Down as PM Before Next Stage of Negotiations

Theresa May has told Tory MPs at the 1922 Committee that she will step down as Prime Minister before the next stage of the Brexit negotiations. May has not yet put a definite date on her departure but she has committed to step down once her deal is passed. May ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 27 Mar 2019 17:28:15

GBP/USD - British pound snoozes through Brexit fireworks

GBP/USD continues to drift this week. In Wednesday's North American trade, the pair is trading at 1.3207, up 0.01% on the day. On the release front, British CBI Realized Sales shocked with a reading of -18, compared to the forecast of 5 points. There are no major U.S. indicators out ...
Kenny Fisher / OANDA   |   Wed, 27 Mar 2019 16:17:56

Regions and cities across Europe are increasingly worried about Brexit

What would be the consequences of Brexit for European regions? On March 14 and 15, the 8th European Summit of Regions and Cities was held in Bucharest, with more than 700 local elected representatives taking part in it. While the date and place were chosen to prepare the future informal ...
Amaury Bisiaux / New Federalist   |   Wed, 27 Mar 2019 16:10:00

UK Parliament Faces Crucial Question: What Kind Of Brexit Does It Want?

Frustrated MPs tired of Prime Minister Theresa May's ineffectual handling of the Brexit process - which has badly damaged the public's confidence in the government - finally mustered the votes on Monday to seize control (at least temporarily) from No. 10 and force an indicative vote on alternatives to May's ...
sellputs / Hedge Accordingly   |   Wed, 27 Mar 2019 15:14:53

How negotiable are the pathways outlined by the options for indicative votes?

MPs will take part in "indicative votes" on various Brexit options today. The Speaker has selected eight different motions for indicative voting. Open Europe's Dominic Walsh assesses how negotiable each option would be with the EU. The post How negotiable are the pathways outlined by the options for indicative votes? ...
Dominic Walsh / Open Europe   |   Wed, 27 Mar 2019 15:00:19

Key Pro-Brexit Boffins Switching to the Deal

Brexiteers are waking up to the fact that the writing is on the wall after May's capitulation on no deal and the Benn / Letwin successful coup on Monday night. First Jacob Rees-Mogg, now Boris and even Dominic Cummings have effectively put themselves in Guido's camp of "the deal is ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 27 Mar 2019 13:05:35

Sting: Brexit 'will be a disaster'

Sting says that he hopes that Brexit will 'go away,' adding that he wants England to be part of Europe and that leaving is 'insane.' (March 27)
sellputs / Hedge Accordingly   |   Wed, 27 Mar 2019 12:10:42

To Brexit or Not to Brexit

Yet more Brexit to-ing and fro-ing.
Yves Smith / Naked Capitalism   |   Wed, 27 Mar 2019 10:17:39

Have your say: What is the top risk facing DB schemes amid Brexit?

In this week's Pensions Buzz, we want to know what you think the top risk facing defined benefit schemes is, amid concerns over Brexit uncertainty.
Kim Kaveh / Professional Pensions   |   Wed, 27 Mar 2019 10:09:00

Brexit Shenanigans Continue

Wednesday March 27: Five things the markets are talking about Global equities traded mixed overnight as investors deal with some disappointing economic signals this month, along with a plethora of central banks decisively turning towards accommodation, shying away from rate normalization for the foreseeable future. A number of sovereign yields ...
Dean Popplewell / OANDA   |   Wed, 27 Mar 2019 10:07:35

Pound to Swiss Franc Forecast - Will GBP/CHF rates rise or fall on Brexit?

The Brexit date of 29th March has been delayed to the 12th April or the 22nd May as the EU provide a lifeline to the UK to help them avoid a no-deal scenario. This has helped the pound to rise and has provided some of the best rates to buy ...
Jonathan Watson / SNB CHF Blog   |   Wed, 27 Mar 2019 09:54:45

Another dramatic day in UK Parliament

Another day, another vote in Parliament UK MPs will once again convene in Parliament on Wednesday for another series of Brexit votes, this time on a range of alternative options to that negotiated by Prime Minister Theresa May, who's deal has been rejected twice in the Commons. The aim of ...
Craig Erlam / OANDA   |   Wed, 27 Mar 2019 09:48:53

UK Lawmakers Prepare to Vote on Alternatives to Brexit Deal

British parliamentarians are seeking to end an impasse following the overwhelming defeat of the deal negotiated by Prime Minister Theresa May.
DANICA KIRKA and JILL LAWLESS / The Associated Press / truthdig   |   Wed, 27 Mar 2019 09:45:57

Brexit News Archive: 02 Apr 2019     |     enquire