Brexit News Archive: 24 May 2019

May's Resignation means Brexit is Back to Square One

One word perfectly sums up the events of this week. Disappointing. For some it began with the uninspiring conclusion of Game of Thrones, long-term stock investors grimaced at the lack of progress with the US-China trade war, and FX traders will see the British pound remain in limbo after Prime ...
Ed Moya / OANDA   |   Fri, 24 May 2019 21:20:11

Theresa May's five big mistakes

Her hard-Brexit conference speech and the 2017 election lead the list of errors
FT   |   Fri, 24 May 2019 21:00:24

Morrissey calls for end to 'Soviet Britain' and 'totalitarian control'

Former Smiths frontman, accused of supporting right-wing political group, also condemns 'vengeful' print media
Craig Simpson / The Independent   |   Fri, 24 May 2019 20:50:16

What a post-Theresa May Brexit could look like

Foreign Affairs journalist Elise Labott discusses what the next steps are for Brexit, after British Prime Minister Theresa May announced that she plans to resign.
MSNBC   |   Fri, 24 May 2019 20:17:25

Theresa May's hard exit

Paul Wells: Catch up Britain-there will be Brexit and there won't be a deal, and the name for that is a no-deal Brexit The post Theresa May's hard exit appeared first on Macleans.ca .
Paul Wells / Macleans   |   Fri, 24 May 2019 20:14:26

5 Biggest Leveraged Nasdaq 100 ETFs

With market volatility on the rise due to heightened tensions from the U.S. trade beef with China, Brexit negotiations, and generalized global uncertainty and political unrest, savvy investors are looking for ways to capitalize on the broadening market movement and hedge existing portfolios against potential market declines. Leveraged ETFs are ...
Ian Young / ETF Trends   |   Fri, 24 May 2019 19:36:41

Theresa May to resign as British prime minister after failing to deliver Brexit deal

Beleaguered British Prime Minister Theresa May announced Friday that she will resign as her party's leader on June 7, clearing the path for a new prime minister after lawmakers repeatedly rejected terms she negotiated for the country's departure from the European Union. In a brief but emotional...
Christina Boyle / Money & Company   |   Fri, 24 May 2019 19:30:00

U.K. ETF Bounces as PM Theresa May Steps Down

The United Kingdom country-specific ETF strengthened Friday as the Brexit process came to a standstill and U.K. Prime Minister Theresa May stepped down in response. The iShares MSCI United Kingdom ETF (NYSEArca: EWU), the largest U.K.-related exchange traded fund listed in the U.S., was up 1.0% on Friday and bounced ...
Max Chen / ETF Trends   |   Fri, 24 May 2019 19:19:55

Boris Johnson prepares UK for no-deal Brexit as he leads race to replace Theresa May

Prime minister announces she will leave by summer in tearful statement on doorstep of No 10
Andrew Woodcock / The Independent   |   Fri, 24 May 2019 19:19:28

Theresa May resigns after Brexit failure

UK prime minister to continue in caretaker role as Tory leadership contest kicks off
FT   |   Fri, 24 May 2019 18:41:48

Brexit timeline: key dates in UK's divorce from EU

What happens next as the clock ticks on Britain's departure
FT   |   Fri, 24 May 2019 18:23:43

British PM Theresa May to step down over Brexit crisis

The UK's Prime Minister Theresa May is stepping down from her post on June 7th after failing to win support for her plan to withdraw from the European Union. Bloomberg Opinion Editor and Foreign Affairs writer Bobby Ghosh joins Ali Velshi to explain what
MSNBC   |   Fri, 24 May 2019 18:09:40

Theresa May Quoted a Humanitarian in Her Resignation Speech. A Child He Saved From Nazis Says That Was an Insult

Toward the end of the speech announcing her resignation on Friday morning, British Prime Minister Theresa May diverted away from Brexit for just a moment, to talk about a man who died in 2015. That man was Nicholas Winton, who organized the safe passage of 669 children out of Nazi-occupied ...
Billy Perrigo / Time   |   Fri, 24 May 2019 17:50:02

May's departure will not break Brexit deadlock

Next Conservative leader should seek compromise not a ruinous no-deal exit
FT   |   Fri, 24 May 2019 17:33:19

Brexit Party condemns claims milkshake attack on army veteran was faked

Some suggest photo of incident shows a yoghurt was instead used
Jon Sharman / The Independent   |   Fri, 24 May 2019 17:01:04

Theresa May quits: UK set for new PM by end of July

An emotional Theresa May confirms she will step down as Tory leader on 7 June, saying she has done all she can and a new prime minister will have to deliver Brexit.
BBC   |   Fri, 24 May 2019 16:56:22

Inside Theresa May's Great British Failure

The outgoing Conservative leader will be remembered for 'playing a bad hand really badly.'
Tom McTague / Politico   |   Fri, 24 May 2019 16:45:05

Trump says he feels bad for British Prime Minister May

U.S. President Donald Trump said on Friday he felt bad for British Prime Minister Theresa May, who said on Friday she would quit after failing to deliver Brexit.
Reuters   |   Fri, 24 May 2019 16:20:36

Trump says he feels bad for May

U.S. President Donald Trump said on Friday he felt bad for British Prime Minister Theresa May, who said on Friday she would quit after failing to deliver Brexit.
Reuters   |   Fri, 24 May 2019 16:20:14

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

The U.K. and the European Union are at a standoff on the terms of their divorce. With the departure of British Prime Minister Theresa May, there's growing concern that the hardest form of Brexit, one with no deal in place at all, has become more likely. Without a withdrawal accord, ...
Washington Post   |   Fri, 24 May 2019 15:49:54

Theresa May announces resignation amid Brexit chaos

May will step down as Conservative leader on June 7 after weeks of deadlock and chaos surrounding Brexit.
Al Jazeera   |   Fri, 24 May 2019 15:38:19

Boris Johnson says next British PM must deliver 'proper' Brexit

Britain's new prime minister must move quickly to leave the European Union, Brexit campaigner Boris Johnson said on Friday after Theresa May said she would step down.
Reuters   |   Fri, 24 May 2019 15:28:55

S&P: Prime Minister May's resignation likely to pave way to a harder Brexit stance

Read more on
FX Street   |   Fri, 24 May 2019 15:23:41

Let Singapore-on-Thames Fight It Out With Europe

The EU and the City have become too codependent in financial services. The post-Brexit settlement would be a chance for both sides to break free.
Washington Post   |   Fri, 24 May 2019 15:23:36

Boris Johnson: The most infamous lies and untruths by the Conservative leadership candidate

Prominent Tory's falsehoods range from incorrect 14th century history to the EU banana police
Peter Stubley / The Independent   |   Fri, 24 May 2019 15:20:00

Blinded by desire for post-Brexit trade, Theresa May neglected foreign policy matters

Analysis: Theresa May, it can be said, looked at foreign affairs through the viewpoint of a somewhat desperate door-to-door saleswoman, writes Kim Sengupta
Kim Sengupta / The Independent   |   Fri, 24 May 2019 15:16:00

S&P sees harder Brexit stance from successor to May

Britain's next prime minister is likely to adopt a tougher stance on Brexit than Theresa May, and may revive the prospect of a disorderly, no-deal exit as a negotiating tool, ratings agency Standard & Poor's said on Friday.
Reuters   |   Fri, 24 May 2019 15:05:16

Leveraged loans shun sterling

Leveraged loan borrowers are shying away from sterling amid the Brexit-related political chaos, instead opting to raise euros or US dollars with swaps in place and hence restricting further an already illiquid market.
IFR   |   Fri, 24 May 2019 15:00:00

This Is the Fateful Decision That Led to Theresa May's Downfall

The date was June 9, 2017
Dan Stewart / Time   |   Fri, 24 May 2019 14:59:33

Theresa May resignation: What does it mean for Brexit?

With Theresa May announcing her departure, both No Deal and No Brexit are both more likely.
BBC   |   Fri, 24 May 2019 14:54:33

Goldman bumps up no-deal Brexit odds after May resignation

Goldman Sachs raised its probability of a no-deal Brexit to 15% from 10% on Friday as Prime Minister Theresa May's resignation potentially opened the way for a more hardline politician to lead the UK to exiting the European Union.
Reuters   |   Fri, 24 May 2019 14:50:23

Theresa May resigns - live updates: Boris Johnson threatens no-deal Brexit as prominent Conservatives announce bids to replace PM

Follow latest news from Westminster
Adam Forrest, Zamira Rahim / The Independent   |   Fri, 24 May 2019 14:10:00

Brexit claims new victim as May bows to inevitable

How PM became the latest Conservative leader to be broken by her party's divisions on Europe
FT   |   Fri, 24 May 2019 14:05:44

Theresa May has resigned but at least she has left us with memes

On May 24 2019, Theresa May confirmed that she would be resigning as prime minister on June 7 with a new PM to be in place at the end of July.
Greg Evans / The Independent   |   Fri, 24 May 2019 14:00:00

Brexit brings down May, Johnson stakes leadership claim

Fighting back tears, Theresa May said on Friday she would quit after failing to deliver Brexit, setting up a contest that will install a new British prime minister who could pursue a cleaner break with the European Union.
Reuters   |   Fri, 24 May 2019 13:59:41

Meet the contenders jockeying to replace British Prime Minister Theresa May

After British Prime Minister Theresa May announced her resignation on Friday, here are the top contenders for her job:Boris JohnsonA former mayor of London, or has confirmed he would “of course” contest any upcoming leadership contest, surprising very few in Westminster.A key figure in the 2016 Brexit campaign, he failed ...
Agence France-Presse / South China Morning Post   |   Fri, 24 May 2019 13:56:06

Brexit is not a threat to British prosperity: Johnson

Britain can forge a "fantastic free trade relationship" with Europe after it quits the European Union, but can also be a champion for global free trade, lawmaker and Brexit campaigner Boris Johnson said on Friday.
Reuters   |   Fri, 24 May 2019 13:31:06

Theresa May resigns: PM breaks down as she announces departure amid Brexit gridlock and expected European election wipeout

In an emotionally-charged statement on the doorstep of 10 Downing Street, a tearful prime minister announced she will quit as Tory leader on June 7
Andrew Woodcock / The Independent   |   Fri, 24 May 2019 13:26:00

We'll keep working for orderly Brexit post-May, Merkel says

German Chancellor Angela Merkel said she respected the decision of her British counterpart Theresa May to quit as Prime Minister and said Berlin would continue to work closely with London to secure an orderly Brexit.
Reuters   |   Fri, 24 May 2019 13:25:57

What would Boris Johnson mean for Brexit?

Conservatives will be even more determined to choose the one candidate who can 'out-Farage Farage'
FT   |   Fri, 24 May 2019 13:21:18

Johnson says 'of course' will stand for prime minister

British lawmaker and leading Brexit campaigner Boris Johnson said "of course" he will stand to be the next prime minister after Theresa May announced her resignation.
Reuters   |   Fri, 24 May 2019 13:13:57

Brexit: why Theresa May failed to deliver

The FT's Robert Shrimsley on the prime minister's tactical shortcomings
FT   |   Fri, 24 May 2019 13:13:19

Jeremy Hunt will stand for Conservative party leadership after Theresa May resigns

His comments come as prime minister announces she will step down on 7 June
Lizzy Buchan / The Independent   |   Fri, 24 May 2019 13:09:00

Brexit: Boris Johnson vows to let UK crash out of EU without a deal if necessary

'We will leave the EU on October 31, deal or no deal,' frontrunner vows - in first words on race to succeed Theresa May
Rob Merrick / The Independent   |   Fri, 24 May 2019 13:04:00

UK's Johnson says Britain should plan for no-deal Brexit

Britain should be prepared to walk out of the European Union without a deal if it is to negotiate a suitable exit agreement, British lawmaker and prime minister hopeful Boris Johnson said on Friday.
Reuters   |   Fri, 24 May 2019 12:54:35

Johnson says Britain should plan for no-deal Brexit

Britain should be prepared to walk out of the European Union without a deal if it is to negotiate a suitable exit agreement, British lawmaker and prime minister hopeful Boris Johnson said on Friday.
Reuters   |   Fri, 24 May 2019 12:53:24

How UK Tories will Pick May's Successor?

There is a two-step process to pick the next head of the Tory Party. The leader will be the Prime Minister and head a minority government. May's minority government was supported by the Democrat Unionist Party from Northern Ireland. It is not clear that if a hard Brexiter succeeds May, ...
Marc Chandler / Marc to Market   |   Fri, 24 May 2019 12:47:51

Who is funding Boris Johnson's campaign to take over from Theresa May as prime minister?

Former foreign secretary has banked more than £800,000 in the last year, with speaking fees and private donations his biggest sources of income
Benjamin Kentish / The Independent   |   Fri, 24 May 2019 12:39:00

Brexit fears trash the pound. May's exit offers little relief

British Prime Minister Theresa May's resignation is unlikely to end a tough run for the pound, which has fallen steadily this month as the risk of a damaging no-deal Brexit rises.
CNN   |   Fri, 24 May 2019 12:38:24

Theresa May Resigns as British Prime Minister

With Brexit in shambles and several Tories already jockeying to replace her, the Conservative Party leader pledges to step down June 7.
JILL LAWLESS / The Associated Press / truthdig   |   Fri, 24 May 2019 12:33:44

What Happens Next in Brexit?

It's three years since Britain voted to leave the European Union, but the Brexit saga drags on. Departure day has been postponed twice, and what kind of divorce the U.K. really wants isn't yet clear. Parliament is deadlocked, having repeatedly rejected the withdrawal agreement negotiated by Prime Minister Theresa May. ...
Washington Post   |   Fri, 24 May 2019 12:17:46

Brexit may be entering "very dangerous" new phase for Ireland: Varadkar

The election of a new prime minister in Britain may lead to a new phase in Brexit negotiations that could be "very dangerous" for Ireland, its Prime Minister Leo Varadkar said on Friday.
Reuters   |   Fri, 24 May 2019 12:07:56

Boris Johnson voting record: What is Conservative leadership front runner's record on Brexit, climate change and benefits?

Brexiteer says 'of course' he will run to succeed Theresa May
Lizzy Buchan / The Independent   |   Fri, 24 May 2019 11:40:00

UK shoppers pause in April after surge in spending

British shoppers paused in April after three months of strong buying, according to official data that showed continued underlying strength in consumer spending even as the Brexit political crisis unfolded.
Reuters   |   Fri, 24 May 2019 11:33:26

Theresa May quitting does not change EU's Brexit stance: Commission

Leaders express sadness at UK prime minister's resignation but are committed to Withdrawal Agreement.
David M. Herszenhorn / Politico   |   Fri, 24 May 2019 11:09:21