Brexit News Archive: 09 Apr 2019

EU Sources: Second Brexit delay could go on until March 2020 - Reuters

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FX Street   |   Tue, 9 Apr 2019 21:22:39

May considering plan to let lawmakers work out Brexit deal if talks fail: report

British Prime Minister Theresa May is considering a new plan to introduce legislation that would allow lawmakers to thrash out a compromise Brexit deal among themselves, if talks with the opposition Labour party fail, The Guardian reported on Tuesday.
Reuters   |   Tue, 9 Apr 2019 20:53:20

Second Brexit delay could last until end-March 2020: EU official

The European Union's second Brexit delay could go on until March 30, 2020, an official with the bloc said, as 27 national envoys were preparing for a leaders' summit on Wednesday that is due to decide on the matter.
Reuters   |   Tue, 9 Apr 2019 20:39:13

EU warms to Brexit extension as UK MPs approve May's request

The UK parliament has approved Prime Minister Theresa May's plan to request an extension to delay Brexit until June 30.
Al Jazeera   |   Tue, 9 Apr 2019 20:23:07

Brexit news - live: MPs vote for June extension as May meets Merkel and Macron ahead of crunch Brussels summit

Follow live updates from Westminster
Harry Cockburn, Benjamin Kentish, Lizzy Buchan / The Independent   |   Tue, 9 Apr 2019 19:50:00

Mnuchin: US must prepare for 'hard Brexit'

The United States must prepare for the very real possibility Britain will leave the European Union without an exit agreement, Treasury Secretary Steven Mnuchin told lawmakers on Tuesday."I think
AFP, Washington / Al Arabiya   |   Tue, 9 Apr 2019 19:27:21

UK lawmakers approve Prime Minister Theresa May's plan to seek Brexit delay to June 30

UK lawmakers approve Prime Minister Theresa May's plan to seek Brexit delay to June 30
Reuters / Financial Express   |   Tue, 9 Apr 2019 19:02:20

U.S. Treasury Secretary says U.S. preparing for 'hard Brexit'

U.S. Treasury Secretary Steven Mnuchin on Tuesday told lawmakers the Trump administration is preparing for the possibility of a "hard Brexit".
Reuters   |   Tue, 9 Apr 2019 18:59:05

Brexit: Donald Tusk suggests delay of up to a year

He says there is "little reason to believe" a deal will be approved by the UK's requested June deadline.
BBC   |   Tue, 9 Apr 2019 18:57:48

Special Brexit summit: Live blog

Theresa May seeks even more time to pass Brexit deal.
POLITICO / Politico   |   Tue, 9 Apr 2019 18:53:27

Daily Mail and General Trust slips on Brexit risk

Newspaper advertising and property division vulnerable warns Liberum
FT   |   Tue, 9 Apr 2019 18:46:29

EU to agree Brexit delay but France pushes for conditions

European Union leaders will grant Prime Minister Theresa May a second delay to Brexit but they could demand she accepts a much longer extension as France pushed for conditions to limit Britain's ability to undermine the bloc.
Reuters   |   Tue, 9 Apr 2019 18:45:12

Commons backs Brexit delay in spite of Tory revolt

Party discipline in tatters as a third of May's own MPs vote against her plan
FT   |   Tue, 9 Apr 2019 18:43:39

PM May outlines to France's Macron talks with opposition Labour Party

British Prime Minister Theresa May updated French President Emmanuel Macron on discussions with the opposition Labour Party aimed at finding a way out the Brexit impasse, her office said on Tuesday.
Reuters   |   Tue, 9 Apr 2019 18:19:38

Tusk urges EU27 leaders to accept his one-year Brexit extension idea

Council president fears short Brexit extension would increase risk of more extensions, emergency summits and cliff-edge dates.
Maïa de La Baume / Politico   |   Tue, 9 Apr 2019 18:19:32

Theresa May wins backing for Brexit delay from MPs and the EU

The European Union and MPs in the House of Commons have backed Theresa May's plan to secure an extension to the UK's Brexit date.
Sky   |   Tue, 9 Apr 2019 18:18:00

UK PM May outlines to France's Macron talks with opposition Labour Party

British Prime Minister Theresa May updated French President Emmanuel Macron on discussions with the opposition Labour Party aimed at finding a way out the Brexit impasse, her office said on Tuesday.
Reuters   |   Tue, 9 Apr 2019 18:12:11

May pleads with Macron, Merkel for Brexit delay

British Prime Minister Theresa May toured Berlin and Paris on Tuesday to plead for an extension to the deadline for Brexit, which looked increasingly likely ...
No Author / Japan Times   |   Tue, 9 Apr 2019 18:09:01

GBP/USD: Under pressure as dollar firms, cable weighed by Brexit angst

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FX Street   |   Tue, 9 Apr 2019 18:00:19

EU to agree further Brexit delay but could kick UK out on June 1: draft

The European Union will grant Britain another delay to Brexit on certain conditions, including that it hold European Parliament elections, according to draft conclusions of the bloc's national leaders, who are due to decide on the matter on Wednesday.
Reuters   |   Tue, 9 Apr 2019 17:49:20

EU's Tusk proposes Brexit delay up to 1 year, with early exit option

The chairman of European Union leaders Donald Tusk proposed on Tuesday to offer Britain an extension of the Brexit deadline by up to one year, with the option of leaving earlier, if only Britain ratifies the existing withdrawal agreement.
Reuters   |   Tue, 9 Apr 2019 17:48:18

EU's Tusk proposes Brexit delay up to one year, with early exit option

The chairman of European Union leaders Donald Tusk proposed on Tuesday to offer Britain an extension of the Brexit deadline by up to one year, with the option of leaving earlier, if only Britain ratifies the existing withdrawal agreement.
Reuters   |   Tue, 9 Apr 2019 17:45:33

Long Brexit pause makes sense for the EU and UK

London should promise no disruptive antics in return for an extension
FT   |   Tue, 9 Apr 2019 17:26:47

UK Labour sees no clear shift in May's Brexit position

Britain's opposition Labour Party said it had not yet seen a clear shift in Prime Minister Theresa May's position after talks with the government on Tuesday aimed at finding a way out the Brexit impasse.
Reuters   |   Tue, 9 Apr 2019 17:20:32

Labour sees no clear shift in May's Brexit position

The Labour Party said it had not yet seen a clear shift in Prime Minister Theresa May's position after talks with the government on Tuesday aimed at finding a way out the Brexit impasse.
Reuters   |   Tue, 9 Apr 2019 17:18:09

EU is to agree to a further Brexit delay / Brexit draft conclusions: - BBC/ RTRS

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FX Street   |   Tue, 9 Apr 2019 17:13:55

EU to offer UK Brexit extension in return for 'sincere co-operation'

FT   |   Tue, 9 Apr 2019 16:59:00

Parliament endorses May's Brexit delay request

MPs endorsed Prime Minister Theresa May's request to the European Union to delay Brexit until June 30 at a vote in parliament on Tuesday, adding weight to the pitch she will make to EU leaders in Brussels.
Reuters   |   Tue, 9 Apr 2019 16:56:37

UK parliament endorses PM May's Brexit delay request

British lawmakers endorsed Prime Minister Theresa May's request to the European Union to delay Brexit until June 30 at a vote in parliament on Tuesday, adding weight to the pitch she will make to EU leaders in Brussels.
Reuters   |   Tue, 9 Apr 2019 16:54:23

UK lawmakers approve PM Theresa May's plan to seek Brexit delay to June 30

Times of India   |   Tue, 9 Apr 2019 16:53:09

UK lawmakers approve plan to seek delay to Brexit to June 30 - But, EU's Tusk says that's not long enough

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FX Street   |   Tue, 9 Apr 2019 16:50:51

Germany to agree to Brexit delay but France sets conditions as May arrives in Paris

Germany and other European Union powers will accept Prime Minister Theresa May's request for another delay to Brexit but French President Emmanuel Macron will seek to limit Britain's influence as it grapples with its departure.
Reuters   |   Tue, 9 Apr 2019 16:46:34

MPs approve May's plan to seek Brexit delay to June 30

MPs on Tuesday approved Prime Minister Theresa May's plan to seek to delay Britain's exit from the European Union to June 30 while she tries to reach a compromise with the opposition Labour Party to get her deal through parliament.
Reuters   |   Tue, 9 Apr 2019 16:38:47

UK lawmakers approve PM May's plan to seek Brexit delay to June 30

British lawmakers on Tuesday approved Prime Minister Theresa May's plan to seek to delay Britain's exit from the European Union to June 30 while she tries to reach a compromise with the opposition Labour Party to get her deal through parliament.
Reuters   |   Tue, 9 Apr 2019 16:37:26

Brexit delay: EU leaders to consider offering UK extension until after Christmas at crunch Brussels summit

Theresa May could be granted Article 50 extension until the end of the year
Jon Stone / The Independent   |   Tue, 9 Apr 2019 16:28:00

Brexit: Tory civil war deepens as cabinet ministers and backbenchers rebel over Article 50 extension

Tory MPs voted in large numbers against the government's plans while ministers abstained
Joe Watts / The Independent   |   Tue, 9 Apr 2019 16:27:00

Leaked document: EU leaders to offer Brexit extension

Key final date is yet to be decided.
Jacopo Barigazzi / Politico   |   Tue, 9 Apr 2019 16:25:45

Government says Tuesday talks with Labour were productive

Talks between Prime Minister Theresa May's government and the Labour party on Tuesday to find a way out of Britain's Brexit impasse were wide-ranging and productive and will continue on Thursday, a spokesman for May said.
Reuters   |   Tue, 9 Apr 2019 16:19:48

UK government says Tuesday talks with opposition Labour were productive

Talks between Prime Minister Theresa May's government and the opposition Labour party on Tuesday to find a way out of Britain's Brexit impasse were wide-ranging and productive and will continue on Thursday, a spokesman for May said.
Reuters   |   Tue, 9 Apr 2019 16:18:21

UK parliament set to endorse PM May's Brexit delay request

British lawmakers are expected to endorse Prime Minister Theresa May's request to the European Union to delay Brexit until June 30 at a vote in parliament later on Tuesday, adding weight to the pitch she will make to EU leaders in Brussels.
Reuters   |   Tue, 9 Apr 2019 16:11:12

Parliament set to endorse May's Brexit delay request

MPs are expected to endorse Prime Minister Theresa May's request to the European Union to delay Brexit until June 30 at a vote in parliament later on Tuesday, adding weight to the pitch she will make to EU leaders in Brussels.
Reuters   |   Tue, 9 Apr 2019 16:07:02

Weary EU set to give yet more time for Brexit

Brexit will not be on Friday, EU leaders will confirm when they meet British Prime Minister Theresa May at another crisis summit on Wednesday, but diplomats said they are still wrestling on how long it might be delayed and under what conditions.
Reuters   |   Tue, 9 Apr 2019 15:51:42

Brexit: DUP says PM's 'pleading is humiliating'

Arlene Foster says watching the Prime Minister with EU leader for a Brexit extension is
BBC   |   Tue, 9 Apr 2019 15:50:49

Trump plans $11bn tariffs aimed at EU's aircraft, cheese and wine - as it happened

Proposed US levies would be retaliation for EU subsidies for Airbus IMF says no-deal Brexit risks two-year recession for UK Debenhams is taken over by lenders; Mike Ashley loses stake Carlos Ghosn says 'backstabbing' Nissan conspiring against him 3.52pm BST The International Monetary Fund has the jitters - with Brexit ...
Jasper Jolly / Guardian   |   Tue, 9 Apr 2019 15:43:20

Talks with Labour will go on as long as deal on Brexit is in sight: UK PM's spokesman

Talks between Britain's government and the opposition Labour Party on finding a way forward on Brexit will continue as long as both sides engage and there is a prospect of a deal, Prime Minister Theresa May's spokesman said on Tuesday.
Reuters   |   Tue, 9 Apr 2019 15:35:31

Talks with Labour will go on as long as deal on Brexit is in sight - PM's spokesman

Talks between Britain's government and the opposition Labour Party on finding a way forward on Brexit will continue as long as both sides engage and there is a prospect of a deal, Prime Minister Theresa May's spokesman said on Tuesday.
Reuters   |   Tue, 9 Apr 2019 15:33:00

May's Merkel meeting misfire

There was no-one to greet the PM as she arrived to meet the German chancellor for Brexit talks in Berlin.
BBC   |   Tue, 9 Apr 2019 15:29:08

Brexit delay to May 22 might not be sufficient for May to pass deal - solicitor general

Britain cannot be certain that delaying Brexit to May 22 would provide enough time to ratify Prime Minister Theresa May's Brexit deal, the government's Solicitor General Robert Buckland said on Tuesday.
Reuters   |   Tue, 9 Apr 2019 15:22:31

Brexit delay to May 22 might not be sufficient for UK PM May to pass deal: solicitor general

Britain cannot be certain that delaying Brexit to May 22 would provide enough time to ratify Prime Minister Theresa May's Brexit deal, the government's Solicitor General Robert Buckland said on Tuesday.
Reuters   |   Tue, 9 Apr 2019 15:19:32

Brexit: Theresa May meets Angela Merkel for delay request

Theresa May seeks support from Berlin and Paris to postpone the UK's Brexit date before an emergency EU summit.
BBC   |   Tue, 9 Apr 2019 15:01:10

Cross-party Brexit talks still come up empty

CNN   |   Tue, 9 Apr 2019 14:54:23

Brexit fog worse than no-deal risk: Belgian port chief

Uncertainty over Britain's departure from the European Union is worse than the prospect of a "no deal" Brexit just days away, according to the head of the port of Zeebrugge.
Reuters   |   Tue, 9 Apr 2019 14:50:06

France certainly open to Brexit extension, Irish PM says

Ireland's prime minister expressed confidence that his French counterpart was open to offering Britain an extension to Brexit talks after the pair met last week, but that President Emmanuel Macron favored setting strict conditions.
Reuters   |   Tue, 9 Apr 2019 14:47:45

IMF cuts global growth outlook amid trade tensions, Brexit worries

The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2019 and said growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union.
Reuters   |   Tue, 9 Apr 2019 14:42:25

One-year Brexit delay too long for France: Macron aide

A delay to Brexit of one year would be too long, a French presidency official said on Tuesday, adding that London should not be able to negotiate Britain's future relationship with the European Union while inside the bloc.
Reuters   |   Tue, 9 Apr 2019 14:41:28

For Those Who Have Been Clameur-ing for Less Sark, More Snark: Blockchain for Brexit

Although why anyone would want less Sark is beyond me. From FT Alphaville: Blockchain for Brexit: a wonderfully terrible idea We've been here before. Blockchain, the antidote to all the world's greatest ills, is once again being trotted out as a solution to Brexit. The last time, you might remember, ...
climateer / Climateer Investing   |   Tue, 9 Apr 2019 14:26:00

Is Macron seeking his Charles de Gaulle moment over Brexit?

Henry Samuel / Telegraph   |   Tue, 9 Apr 2019 14:18:50

CFA Institute Welcomes ESMA's Proposals under the Prospectus Regulation

Despite all the interest in Brexit, the European Commission is still in the business of producing rules to manage securities markets.
Sviatoslav Rosov, PhD, CFA / CFA Institute   |   Tue, 9 Apr 2019 14:17:06

Brexit impasse: Theresa May heads to France after asking Merkel to help

The EU has been clear that it would accept a softer Brexit, but the idea is anathema to eurosceptics in May's party who have helped to defeat May's divorce deal three times this year.
Reuters / Financial Express   |   Tue, 9 Apr 2019 14:14:28

No-deal Brexit will tip UK and EU into recession, IMF warns

A no-deal Brexit will tip both the UK and the EU into recession, the International Monetary Fund (IMF) has warned.
Sky   |   Tue, 9 Apr 2019 14:13:00

France seeks safeguards against UK obstructing EU decision-making - official

Britain should not be allowed to take part in European Union budget talks or choosing the next head of the European Commission if it takes part in next month's elections because of a delay to Brexit, a French presidency official said on Tuesday.
Reuters   |   Tue, 9 Apr 2019 14:11:06

The IMF slashes its global growth outlook to the lowest since the financial crisis

The International Monetary Fund on Tuesday cut its global growth outlook for the third time in six months, citing concerning macroeconomic factors in developed and emerging countries. The IMF sees global economic growth of 3.3% this year, down from the 3.5% its forecast in January amid Brexit-related uncertainties and US-China ...
Rebecca Ungarino / Business Insider   |   Tue, 9 Apr 2019 14:03:00

Brexit puts end in sight for Britain's Theresa May

The beginning of the end of Theresa May's Brexit strategy was an emotional address to the nation in which she blamed parliament for the delay in Britain's departure from the European Union.
Reuters   |   Tue, 9 Apr 2019 13:52:59

Brexit puts end in sight for Theresa May

The beginning of the end of Theresa May's Brexit strategy was an emotional address to the nation in which she blamed parliament for the delay in Britain's departure from the European Union.
Reuters   |   Tue, 9 Apr 2019 13:50:27

'No deal' Brexit risks severe economic shock, IMF warns

Britain's economy risks a serious shock if the UK leaves the EU without a deal, the International Monetary Fund said Tuesday, warning of severe trade disruption and slower economic growth.In a
AFP, London / Al Arabiya   |   Tue, 9 Apr 2019 13:30:27

UK economy to lose 3.5 percent of GDP in no-deal Brexit - IMF

Britain will suffer economic damage equivalent to the loss of at least 2-3 years of normal growth between now and the end of 2021 if it leaves the European Union without an exit deal, the International Monetary Fund warned on Tuesday.
Reuters   |   Tue, 9 Apr 2019 13:23:10

UK economy to lose 3.5% of GDP in no-deal Brexit: IMF

Britain will suffer economic damage equivalent to the loss of at least 2-3 years of normal growth between now and the end of 2021 if it leaves the European Union without an exit deal, the International Monetary Fund warned on Tuesday. The world's fifth-biggest economy could quit the EU as ...
Dean Popplewell / OANDA   |   Tue, 9 Apr 2019 13:21:55

EUR/GBP - Three days until Brexit, again

Biggest week yet for Brexit, until the next one Brexit drama may be ramping up and desperation kicking in, but traders remain in quite a relaxed mood as we navigate through another hugely important week in the process. May has gone on the charm offensive to Germany and France today ...
Craig Erlam / OANDA   |   Tue, 9 Apr 2019 13:11:58

EU signals long Brexit delay as May lobbies Merkel and Macron

Diplomats discuss a new date as late as March 2020 but insist on tough conditions for UK
FT   |   Tue, 9 Apr 2019 13:11:14

The IMF, never keen on Brexit, now faces a sea of troubles

Trade wars, protests in France and Italy's plight are all potential pitfalls for the world's economy Back in the autumn of 1976, the International Monetary Fund held its annual meeting in Manila in the Philippines. Britain's chancellor at the time, Denis Healey, was on the guest list but only made ...
Larry Elliott in Washington / Guardian   |   Tue, 9 Apr 2019 13:02:36

No-deal Brexit would push UK into recession, IMF warns

Report says British economy to be hit 7 times harder than the rest of the EU
FT   |   Tue, 9 Apr 2019 13:00:31

IMF says no-deal Brexit risks two-year recession for UK

World Economic Outlook refers to 'large, long-lasting negative impacts' on Britain and EU Britain's already struggling economy would be pushed into a two-year recession by a no-deal Brexit, the International Monetary Fund has warned. Ahead of Theresa May's plea to EU leaders for a further delay to Britain's departure, the ...
Larry Elliott in Washington / Guardian   |   Tue, 9 Apr 2019 13:00:20

UK PM May outlines steps to secure 'successful' Brexit with Germany's Merkel

British Prime Minister Theresa May outlined to German Chancellor Angela Merkel the steps she was taking to bring "the Brexit process to a successful conclusion" and on discussions with the opposition Labour Party, a spokeswoman said on Tuesday.
Reuters   |   Tue, 9 Apr 2019 12:51:08

May outlines steps to secure 'successful' Brexit with Germany's Merkel

Prime Minister Theresa May outlined to German Chancellor Angela Merkel the steps she was taking to bring "the Brexit process to a successful conclusion" and on discussions with the opposition Labour Party, a spokeswoman said on Tuesday.
Reuters   |   Tue, 9 Apr 2019 12:49:17

Market Morning: Brexit Barnier Barn Burner, Cannabis States Law, Libya Shakes Oil Market

EU Ups Ante On Brexit, Pokes UK In Eye Chief Brexit negotiator for the European Union Michel Barnier has made a serious threat against the United Kingdom that is sure to anger the Brexiter Tories. Specifically, he said that the EU will insist on the dreaded for Ireland in order ...
sellputs / Hedge Accordingly   |   Tue, 9 Apr 2019 12:42:54

Diana or Albert? Meghan and Harry face name choices

Spring has arrived in the UK and, amid the chaos of Brexit, another countdown is in full swing. Any day now, Britain's Duke and Duchess of Sussex will become parents for the first time.
CNN   |   Tue, 9 Apr 2019 12:34:08

Government and Labour to discuss customs union in latest Brexit talks - McDonnell

The Labour Party will discuss the prospect of customs union with the EU in talks with the government on finding a Brexit compromise on Tuesday, said John McDonnell, its finance policy chief.
Reuters   |   Tue, 9 Apr 2019 12:28:54

UK government and Labour to discuss customs union in latest Brexit talks: finance spokesman

Britain's main opposition Labour Party will discuss the prospect of customs union with the EU in talks with the government on finding a Brexit compromise on Tuesday, said John McDonnell, its finance policy chief.
Reuters   |   Tue, 9 Apr 2019 12:27:17

OANDA Market Insights podcast (episode 59)

OANDA Senior Market Analyst Craig Erlam previews the week's business and market news with Jazz FM Business Breakfast presenter Jonny Hart. Brexit is once again high on the agenda, with US/China trade talks, US jobs report and the start of earnings season also being discussed.
Craig Erlam / OANDA   |   Tue, 9 Apr 2019 12:24:12

U.K. Prime Minister Theresa May Meets E.U. Leaders in Bid to Secure Brexit Extension

(Berlin) - Prime Minister Theresa May brought her case for a further delay to Britain's departure from the European Union to Berlin on Tuesday, while German and French officials insisted that any extension to the deadline must come with strings attached and assurances from London. May and German Chancellor Angela ...
GEIR MOULSON/ AP / Time   |   Tue, 9 Apr 2019 12:09:51

Asking Angela: Theresa May meets Merkel to plot way out of Brexit impasse

British Prime Minister Theresa May on Tuesday met Angela Merkel, Europe's most powerful leader, to seek support for a new Brexit delay while her ministers tried to break the deadlock in London at crisis talks with the opposition Labour Party.
Reuters   |   Tue, 9 Apr 2019 11:49:02

Merkel's Brexit stance should not be misread as goodwill

Germany's chancellor is likely to favour a relatively long extension of Article 50
FT   |   Tue, 9 Apr 2019 11:37:10

Blockchain for Brexit: a wonderfully terrible idea

But also an opportunity to show how nonsensical the technology is.
FT   |   Tue, 9 Apr 2019 11:31:03

Chinese Premier Li Keqiang braces for EU meeting as Brexit takes up Brussels’ attention

The European Union and China have unexpectedly managed to agree on a joint draft statement for their summit on Tuesday, despite impatience among some EU leaders at China’s pace of opening up to trade and of the main concerns as Chinese Premier Li Keqiang touched down in Brussels was whether ...
Keegan Elmer,Stuart Lau / South China Morning Post   |   Tue, 9 Apr 2019 11:30:48