Brexit News Archive: 30 Jul 2019

UK's Barclay: Two new Brexit committees are now up and running

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FX Street   |   Tue, 30 Jul 2019 21:51:56

New PM Johnson heads to Northern Ireland, Brexit's toughest riddle

Britain's new Prime Minister Boris Johnson will be confronted by the most intractable riddle of Brexit on Wednesday when he visits Northern Ireland on a nationwide tour to sell his plan to pull Britain out of the EU with or without a deal.
Reuters   |   Tue, 30 Jul 2019 21:37:35

Stocks slip on Trump's warning to China; sterling's slump carries on

A gauge of global stock markets fell on Tuesday as the latest round of U.S.-China trade talks began with a threat from President Donald Trump, while concerns over a no-deal Brexit continued to drag the British currency lower.
Reuters   |   Tue, 30 Jul 2019 20:51:07

Brexit minister Barclay tells Barnier UK will leave EU on Oct. 31 with or without deal

The UK's Brexit minister Stephen Barclay spoke to the European Union's Brexit negotiator Michel Barnier on Tuesday and told him he wants a deal but will leave the bloc on Oct. 31 with or without one.
Reuters   |   Tue, 30 Jul 2019 20:48:42

Brexit leaves the pound reeling on the ropes

Mike Mackenzie's daily analysis of what's moving global markets
FT   |   Tue, 30 Jul 2019 20:19:00

The Art of the No-Deal Brexit, Boris Edition

Johnson's threats give the EU little reason to accommodate a renegotiation. The end result is fraught with political risk.
Washington Post   |   Tue, 30 Jul 2019 19:20:09

Stocks off on Trump's warning to China; sterling falls further

A gauge of global stock markets fell on Tuesday as the latest round of U.S.-China trade talks began amid a threat from President Donald Trump, while concerns over a no-deal Brexit continued to drag the British currency lower.
Reuters   |   Tue, 30 Jul 2019 18:45:31

Brexit: Dublin dismisses backstop pressure 'codswallop'

Irish sources described a phone call between Leo Varadkar and Boris Johnson as "warm and friendly".
BBC   |   Tue, 30 Jul 2019 18:00:42

Johnson plans 'boosterism' to ease Brexit pain

Critics warn that unfunded spending promises could add to UK's woes
FT   |   Tue, 30 Jul 2019 17:48:05

MP demands investigation into Farage's US, dark money pro-Brexit campaign group

Stark warning of US-style Super PACs arriving in UK as Brexit Party leader launches dark-money-funded campaign group in New York.
Adam Ramsay / Open Democracy   |   Tue, 30 Jul 2019 17:38:38

As sterling falls, will PM alter course or risk price hikes as election looms?

Money markets did not take a disorderly departure seriously, but do now. So should Johnson British holidaymakers heading abroad for their summer holidays might not thank him for it, but the fall in the value of the pound to its lowest level in 28 months is evidence that Boris Johnson's ...
Larry Elliott Economics editor / Guardian   |   Tue, 30 Jul 2019 17:23:26

Insolvencies soar as business confidence dwindles

Brexit uncertainty weighing heavily on small companies and the self-employed
FT   |   Tue, 30 Jul 2019 17:10:28

Brexit: why the pound is under pressure

The weak pound is down mainly to no-deal Brexit worries
FT   |   Tue, 30 Jul 2019 16:24:48

Boris Johnson takes Brexit pledge to Wales

New Tory prime minister vows October exit on visit to farm
FT   |   Tue, 30 Jul 2019 16:09:41

No-deal Brexit up to the EU, says Boris Johnson

The new prime minister visits Wales, as he tries to rally support from farmers for his Brexit plans.
BBC   |   Tue, 30 Jul 2019 15:59:51

Trump's warnings to China weigh on stocks, sterling falls

A gauge of global stock markets edged lower after a warning from U.S. President Donald Trump to China as bilateral trade talks began on Tuesday, while concerns over a no-deal Brexit dragged on sterling for a fourth day.
Reuters   |   Tue, 30 Jul 2019 15:37:15

Boris Johnson news: Prime minister renews vow to leave EU by Halloween 'no matter what', amid warnings over no-deal civil unrest

Follow live updates from Westminster as they happened
Lizzy Buchan / The Independent   |   Tue, 30 Jul 2019 15:07:00

Jeremy Corbyn's Finest Hour?

With Boris Johnson as UK prime minister, and his Brexit strategy crystal clear, the task of the Labour opposition is equally clear. It must expose the truth about Johnson's no-deal option - namely, that it means a Trump-deal Brexit - and put forward its own plan to end Britain's interminable ...
Yanis Varoufakis / Project Syndicate   |   Tue, 30 Jul 2019 15:03:30

Vanishingly low level of public awareness no-deal Brexit could happen in 2016, Google trends suggests

Britons did not start searching for no-deal online until Boris Johnson quit the cabinet in 2018
Andrew Woodcock / The Independent   |   Tue, 30 Jul 2019 15:03:16

PM Johnson says now up to EU to compromise on Brexit

British Prime Minister Boris Johnson said on Tuesday the next move in Brexit talks was up to the European Union, adding that he did not want to leave the bloc without a deal but had to prepare for that outcome just in case.
Reuters   |   Tue, 30 Jul 2019 15:00:42

UK PM Johnson: Not aiming for a no deal Brexit

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FX Street   |   Tue, 30 Jul 2019 14:31:18

Sinn Fein says Brexit threat means Dublin should prepare for Irish unification

Northern Ireland's largest nationalist party on Tuesday called on the Irish government to prepare for the unification of the British region with EU-member Ireland, saying "bullish" Boris Johnson's Brexit posed a threat.
Reuters   |   Tue, 30 Jul 2019 14:27:28

What is the effect of the falling pound on Brexit Britain?

UK set to pay a heavy price as no-deal fears drive further fall in sterling
FT   |   Tue, 30 Jul 2019 14:18:15

Varadkar rebuffs Johnson over Brexit plan

Tensions between London and Dublin set to increase after call between leaders
FT   |   Tue, 30 Jul 2019 14:16:44

'Thank goodness for Boris': Hedge fund managers see Brexit chaos as a 'free lunch' for traders

The pound continues to collapse after Boris Johnson's government signals that Britain is heading for a no-deal Brexit. Sterling fell to a two-and-a-half year low on Tuesday, after senior members of Johnson's government insisted a no-deal exit was the most likely outcome in October. A former Goldman Sachs economist and ...
Adam Bienkov / Money Game   |   Tue, 30 Jul 2019 14:14:50

Donald Trump launches attack on China over trade 'rip-off' - as it happened

Rolling coverage of business, economics and markets as stock markets and the pound fall Sterling slumps further as fears mount over no-deal Brexit Chief of British Gas owner Centrica to step down as it posts loss Mark Carney fails to make shortlist for IMF top job 3.04pm BST Messrs Trump ...
Jasper Jolly / Guardian   |   Tue, 30 Jul 2019 14:04:41

Pound falls lower on no-deal Brexit prospect

Sterling continues to drop against the dollar and euro amid the government's toughened stance on Brexit.
BBC   |   Tue, 30 Jul 2019 13:55:11

Brexit risks nibble at Irish government bonds

Some investors avoid country's debt while no-deal rhetoric persists
FT   |   Tue, 30 Jul 2019 13:52:29

Pound under renewed pressure on rising Brexit jitters

Currency has shed 4% since end of June as concerns deepen UK will leave the EU without a deal
FT   |   Tue, 30 Jul 2019 13:44:32

Trump China broadside scuttles stocks, sterling sinks again

A snarling warning from U.S. President Donald Trump ahead of trade talks with China rattled stock markets on Tuesday, as brewing no-deal Brexit worries also roughed up the pound and Irish bonds again.
Reuters   |   Tue, 30 Jul 2019 13:34:11

British holidaymakers to have £77m less to spend abroad this month because of crash in the pound, new analysis claims

Exclusive: UK tourists' money to be worth significantly less after sterling hits two-year low, with family of four set to pay £50 more than a week ago
Benjamin Kentish / The Independent   |   Tue, 30 Jul 2019 13:27:00

Brexit 'no matter what', PM Johnson promises as sterling falls

Prime Minister Boris Johnson promised on Tuesday to lead Britain out of the European Union on Oct. 31 "no matter what" as sterling tumbled and Ireland warned that the bloc would not be renegotiating the thrice defeated divorce deal.
Reuters   |   Tue, 30 Jul 2019 13:06:40

Irish PM tells Johnson that withdrawal agreement cannot be re-opened

Irish Prime Minister Leo Varadkar told his British counterpart Boris Johnson on Tuesday that the Brexit withdrawal agreement could not be re-opened, and that alternative arrangements have yet to be identified.
Reuters   |   Tue, 30 Jul 2019 12:33:41

Boris Johnson to Leo Varadkar: Brexit will happen in October 'no matter what'

British PM's opposition to Irish backstop rebuffed by Irish leader.
Emilio Casalicchio / Politico   |   Tue, 30 Jul 2019 12:33:27

Boris Johnson says no-deal Brexit will be EU's fault

Boris Johnson has ratcheted up his game of chicken with the EU over Brexit, claiming it will be the fault of Brussels if Britain leaves without a deal.
Sky   |   Tue, 30 Jul 2019 12:32:00

Deal Or No-Deal, Brexit Dooms The Euro

Authored by Tom Luongo, Deal or No-Deal, when it comes to Brexit, the euro is toast. Markets, however, believe the fantasy of its survival. As we approach the end of July the euro clings to support at $1.11, mere pips away from a technical breakdown. That breakdown will trigger a ...
Tyler Durden / Zero Hedge   |   Tue, 30 Jul 2019 12:15:00

Can farmers send lamb to Japan after Brexit?

The Welsh Secretary says in the event of a no-deal Brexit, UK farmers will be able to export lamb to Japan.
BBC   |   Tue, 30 Jul 2019 12:13:48

Capital Markets: "Sterling Pounded"

From Marc to Market: Overview: The prospect of a no-deal Brexit continues to pound sterling lower. A little more than two months ago, it was testing $1.32. Two weeks ago it was around $1.25. Today it traded near $1.2120 before stabilizing. On the other hand, the 10-year Gilt yield is ...
climateer / Climateer Investing   |   Tue, 30 Jul 2019 12:06:00

Europe update - Fed, Earnings, Brexit, Oil, Gold

Traders nervous ahead of the Fed Equity markets are trading in negative territory on Tuesday, with some disappointing earnings weighing heavily in Europe and perhaps a little profit taking also kicking in ahead of the Fed decision on Wednesday. Source - Thomson Reuters Eikon With US equity markets sitting around ...
Craig Erlam / OANDA   |   Tue, 30 Jul 2019 11:56:47

Cambridge Analytica did work for Brexit groups, says ex-staffer

The disgraced data analytics firm did work for the Leave side of the 2016 Brexit vote, according to internal emails.
Mark Scott / Politico   |   Tue, 30 Jul 2019 11:50:07

Pound hits a fresh two-year low

The pound hit its lowest level in more than two years Tuesday as investor anxiety about the prospect of a messy Brexit continues to grow.
CNN   |   Tue, 30 Jul 2019 11:37:53

British PM Boris Johnson plans for no-deal Brexit

British Prime Minister Boris Johnson’s government holds the first of a series of daily meetings Tuesday designed to ramp up preparations to leave the European Union without a Brexit deal on October 31.Government departments and businesses made extensive preparations ahead of the original March 29 deadline for Brexit, but after ...
Agence France-Presse / South China Morning Post   |   Tue, 30 Jul 2019 11:33:35

Boris Johnson tries to reassure on Brexit as pound slumps

British Prime Minister Boris Johnson was visiting Wales on Tuesday as part of a national tour intended to reassure Britons that his hard-Brexit push won't hurt the economy and rip apart the U.K. The pound has fallen sharply in recent days as businesses warn that no amount of preparation can ...
sellputs / Hedge Accordingly   |   Tue, 30 Jul 2019 11:26:35

UK company insolvencies hit five-year high in second quarter

The number of insolvent companies in England and Wales hit its highest in more than five years in the second quarter of 2019, according to data on Tuesday that showed businesses under rising financial pressure as Brexit nears.
Reuters   |   Tue, 30 Jul 2019 11:20:08

Blame the government for the falling pound

Now that the direction of travel on Brexit is clear, investors are acting accordingly
FT   |   Tue, 30 Jul 2019 11:18:41

UK: Boris Johnson's visit to Wales seeks to reassure on Brexit

Pound plummets as businesses warn no amount of preparation can eliminate economic damage if UK crashes out of the EU.
Al Jazeera   |   Tue, 30 Jul 2019 11:07:46