Brexit News Archive: 02 May 2019

EU to prepare for post-Brexit era with pledge of 'one voice'

Romania gathering prepares low-key agenda to try to avoid divisions
FT   |   Thu, 2 May 2019 19:01:16

Spotlight shifts from Fed to Trade talks & Brexit

This holiday shortened trading week is expected to be the divide for lack of recent volatility, however, despite the scarcity of liquidity, the uptick in volatility has yet to appear. Even U.S equities mixed earnings results (Alphabet bad, Apple better than expected), there has been no sense of urgency in ...
Dean Popplewell / OANDA   |   Thu, 2 May 2019 17:56:35

Lloyds Banking Group: Brexit learning

What matters for markets is lender's scope to return more cash to shareholders
FT   |   Thu, 2 May 2019 16:28:22

More than one BoE rate rise likely over next three years - Carney

The Bank of England is likely to carry out further interest rate increases over the next three years if Britain avoids a Brexit shock and the economy perform as the central bank expects, BoE Governor Mark Carney said.
Reuters   |   Thu, 2 May 2019 15:49:53

Brexit: Guy Verhofstadt to knock on doors for Lib Dems in European Parliament elections

European Parliament Brexit chief to visit the UK next Friday and meet Remain campaigners
Jon Stone / The Independent   |   Thu, 2 May 2019 13:52:00

Bank of England's Carney tells investors they are too relaxed on rates

Bank of England Governor Mark Carney said investors were underestimating how much the central bank could raise interest rates even as it kept borrowing costs on hold on Thursday due to Brexit uncertainty.
Reuters   |   Thu, 2 May 2019 13:14:07

Carney speech: On average businesses think output will go down by 3.5% after a no-deal Brexit

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FX Street   |   Thu, 2 May 2019 12:24:21

Local elections - live: Tories face damaging losses at polls amid voter anger at Brexit handling

Follow latest updates from Westminster
Samuel Osborne, Harry Cockburn / The Independent   |   Thu, 2 May 2019 12:20:00

Bank of England's Carney speaks after keeping rates on hold

The Bank of England lifted its growth forecasts on Thursday but warned Brexit continued to cloud the outlook for monetary policy and said there was little immediate downside to waiting for a clearer view ahead.
Reuters   |   Thu, 2 May 2019 12:09:05

Brexit Party Hits 30%, Opens 9 Point Lead Over Labour

The Brexit Party has continued its impressive rise, opening a nine point lead over the Labour Party and hitting 30% for the first time in YouGov's latest European Election poll. All Remain parties other than the Lib Dems are falling. With their established ground operation and much higher recognition as ...
Tom Harwood / Guy Fawkes' blog   |   Thu, 2 May 2019 12:02:37

Carney speech: Interest rate increases will be required after smooth Brexit

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FX Street   |   Thu, 2 May 2019 11:47:09

Interest rates: welcome to UK plc, an economy in limbo | Larry Elliott

With Brexit making the economy 'unusually volatile' the Bank of England thinks it best to leave rates well alone Welcome to limbo land. That was the message from the Bank of England as it once again decided that Britain's delay at the EU departure gate meant the wisest course of ...
Larry Elliott Economics editor / Guardian   |   Thu, 2 May 2019 11:45:36

Carney speech: Businesses are only as ready as they can be for no-deal Brexit

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FX Street   |   Thu, 2 May 2019 11:35:55

Bank of England holds interest rates and vows to restrict pace of rises

Economic growth will slip back and then pick up modestly, says Bank The Bank of England will restrict the pace of interest rate rises over the next two years after it said economic growth will slip back before picking up modestly, following a smooth Brexit. The downbeat assessment of the ...
Phillip Inman / Guardian   |   Thu, 2 May 2019 11:23:16

Brexit News Archive: 02 May 2019     |     enquire