Brexit News Archive: 28 Aug 2019

Queen approves Boris Johnson's plan to suspend UK Parliament

CNN   |   Wed, 28 Aug 2019 21:00:01

Sajid Javid's spending review is 'panic measure' ahead of snap election, warns McDonnell

Shadow chancellor warns that Boris Johnson will turn off the spending taps as soon as the campaign is over
Andrew Woodcock / The Independent   |   Wed, 28 Aug 2019 20:32:52

Stocks gain as traders await cues on US-China trade developments

Stocks rose on Wednesday as investors waited for signs of progress toward a trade deal between the United States and China. Traders appeared to shrug-off a slump in the pound that was sparked by UK Prime Minister Boris Johnson's request to suspend Parliament ahead of Brexit. A boost in oil ...
Daniel Strauss / Business Insider   |   Wed, 28 Aug 2019 20:17:17

Brexit: Timetable to prevent no deal is 'incredibly tight', John McDonnell warns

'I think what they are trying to do is probably prevent us preventing a no-deal by shortening the parliamentary timetable and then blaming us for that,' shadow chancellor says
George Ryan / The Independent   |   Wed, 28 Aug 2019 20:15:00

Parliament suspension: Queen approves PM's plan

The PM says there will still be time to debate Brexit before October's deadline, but the move sparks anger and a new legal challenge.
BBC   |   Wed, 28 Aug 2019 20:10:54

Legal campaigner Miller asks courts to block UK parliament suspension

Legal campaigner Gina Miller said on Wednesday she will ask the courts to block Prime Minister Boris Johnson's decision to suspend Britain's parliament for more than a month before Brexit.
Reuters   |   Wed, 28 Aug 2019 20:06:32

Boris Johnson vs. parliament

Opponents announce protests, decry 'the death of democracy' and seek ways to head off a no-deal Brexit.
Charlie Cooper / Politico   |   Wed, 28 Aug 2019 19:38:06

Boris Johnson Plans Extreme Measures In Coming Weeks

"Boris Johnson's surprise move to ask the Queen to suspend Parliament for five weeks in the run-up to the Brexit deadline on Oct. 31 is just the opening salvo of a meticulously constructed Downing Street strategy to eat up time and head off attempts by rebel MPs to block a ...
Taegan Goddard / Taegan Goddard   |   Wed, 28 Aug 2019 19:12:35

British PM to suspend parliament before Brexit, opposition denounces "coup"

Prime Minister Boris Johnson will suspend Britain's parliament for more than a month before Brexit, enraging opponents and raising the stakes in the country's most serious political crisis in decades.
Reuters   |   Wed, 28 Aug 2019 18:49:40

What does suspending Parliament mean?

British Prime Minister Boris Johnson wants to suspend parliament-just weeks before the Brexit deadline, but it's being called a outrage." Ali Velshi breaks down what it all means.
MSNBC   |   Wed, 28 Aug 2019 18:34:19

Ministers draw the Queen into Brexit drama

Monarch approves Boris Johnson's request to suspend parliament
FT   |   Wed, 28 Aug 2019 18:28:00

Opposition leader accuses Johnson of 'smash and grab' on U.K. democracy

After U.K. Prime Minister Boris Johnson requested the queen to temporarily suspend Parliament ahead of Brexit discussions, opposition leader Jeremy Corbyn criticized his actions, accusing him of impeding democracy.
MSNBC   |   Wed, 28 Aug 2019 18:16:09

UK's Johnson sparks outrage after forcing suspension of parliament

British Prime Minister Boris Johnson sparked fury Wednesday among pro-Europeans and MPs opposed to a no-deal Brexit by successfully seeking the suspension of parliament weeks before Britain's EU departure date. The pound slid on the surprise news, which opponents branded a "coup" and a "declaration of war", but Johnson claimed ...
IBTimes   |   Wed, 28 Aug 2019 18:06:02

Uproar as Johnson shuts parliament to protect Brexit

Queen approves prorogation as Speaker Bercow criticises 'constitutional outrage'
FT   |   Wed, 28 Aug 2019 18:05:50

Boris Johnson reportedly might attack Parliament with a slew of national holidays

Suspending Parliament might just be the beginning. Buzzfeed News reports that U.K. Prime Minister Boris Johnson and his aides have been crafting a "meticulously constructed" strategy to stave off any attempts by rebel MPs to block a no-deal Brexit. Queen Elizabeth II granted Johnson's request Wednesday to end the current ...
The Week   |   Wed, 28 Aug 2019 17:49:00

UK PM takes dramatic step to suspend Parliament to push Brexit through

The Queen gave permission to prorogue Parliament from her Scottish residence, Balmoral, on Wednesday just hours after Johnson outlined his plans in a letter to Tory MPs and sent his request to the Queen. Parliament was to meet during the first two weeks of September and then be suspended for ...
Times of India   |   Wed, 28 Aug 2019 17:30:55

Boris Johnson news - live: Ruth Davidson 'set to quit' as Scotland Tory leader, as Queen accepts request to suspend parliament

Follow all the latest developments
Adam Forrest, Lizzy Buchan / The Independent   |   Wed, 28 Aug 2019 17:25:00

How Johnson Can or Can't Evade Parliament on Brexit

U.K. Prime Minister Boris Johnson, who took office in July, says his plan to suspend Parliament in mid-September is a routine step bringing one legislative session to a close and allowing a new one to take up his policy agenda. Opponents, including some lawmakers in his own Conservative Party, say ...
Washington Post   |   Wed, 28 Aug 2019 17:05:34

What is prorogation of parliament? All you need to know

What does it mean to suspend the House of Commons, has it happened before, and how will it affect Brexit?
Al Jazeera   |   Wed, 28 Aug 2019 17:04:09

Johnson to suspend parliament before Brexit, opposition denounces 'coup'

Prime Minister Boris Johnson will suspend Britain's parliament for more than a month before Brexit, enraging opponents and raising the stakes in the country's most serious political crisis in decades.
Reuters   |   Wed, 28 Aug 2019 16:46:51

Brexit: Boris Johnson's plan to suspend parliament explained

FT's Robert Shrimsley on the PM's challenge to his opponents
FT   |   Wed, 28 Aug 2019 16:46:21

Global growth worries keep a lid on European shares, chaotic Brexit looms

European shares inched lower on Wednesday as worries of a looming global recession kept investors from making bold bets, while a dive in the pound over fears of a disorderly Brexit pushed British stocks higher.
Reuters   |   Wed, 28 Aug 2019 16:44:29

Former finance minister Hammond says move to block no-deal Brexit will have to be next week

British lawmakers who want to stop a possible no-deal Brexit will have to take action next week, former finance minister Philip Hammond said on Wednesday after Prime Minister Boris Johnson moved to suspend parliament from late September.
Reuters   |   Wed, 28 Aug 2019 16:37:46

Brexit: Queen Elizabeth allows British PM Johnson to suspend Parliament

In his boldest move yet to take the country out of the European Union with or without a divorce deal, Johnson set Oct. 14 for the Queen's Speech - the formal state opening of a new session of parliament that is proceeded by a suspension of the House of Commons.
Reuters / Financial Express   |   Wed, 28 Aug 2019 16:33:51

How Johnson Can or Can't Evade Parliament on Brexit: QuickTake

U.K. Prime Minister Boris Johnson, who took office in July, says his plan to suspend Parliament in mid-September is a routine step bringing one legislative session to a close and allowing a new one to take up his policy agenda. Opponents, including some lawmakers in his own Conservative Party, say ...
Washington Post   |   Wed, 28 Aug 2019 16:28:42

Trump barges into Britain's Brexit crisis

Britain was only hours into what could be its biggest constitutional crisis since World War II when President Donald Trump barged in.
CNN   |   Wed, 28 Aug 2019 16:27:54

Brexit-sensitive stocks sink as no-deal EU exit worries rise

Britain's Brexit-sensitive domestic stocks fell on Wednesday as renewed worries about the country leaving the European Union without a deal pressured sterling and sapped investor appetite for stocks sensitive to slowing consumer spending.
Reuters   |   Wed, 28 Aug 2019 16:19:46

Deutsche Bank still sees 50:50 chance of no-deal Brexit

Deutsche Bank on Wednesday retained its estimate that there is a 50:50 chance Britain will crash out of the European Union without a deal with Brussels following Prime Minister Boris Johnson's move to suspend parliament.
Reuters   |   Wed, 28 Aug 2019 15:54:32

Ruth Davidson on verge of quitting as leader of Scottish Conservative Party

Scottish Tory leader has clashed with Boris Johnson over her refusal to support no-deal Brexit
Andrew Woodcock / The Independent   |   Wed, 28 Aug 2019 15:54:00

Global stocks shed early losses; sterling tumbles on Brexit jitters

A gauge of equities worldwide shed early losses on Wednesday as Wall Street stocks rose despite looming recession jitters, while sterling tumbled as Britain's prime minister moved to restrict parliamentary time before the country's planned departure from the European Union.
Reuters   |   Wed, 28 Aug 2019 15:53:12

Brexit is dragging the Queen into the heart of Britain's political crisis

The Queen cherishes her annual retreat at Balmoral, the remote Victorian estate that nestles deep in Scotland's Dee valley.
CNN   |   Wed, 28 Aug 2019 15:52:01

Legal moves launched against Johnson's suspension of parliament

A legal move has already been launched against Boris Johnson's five-week suspension of parliament ahead of Brexit.
Sky   |   Wed, 28 Aug 2019 15:52:00

EU's softer tone a ploy to sidestep blame in case of a no-deal Brexit

The European Union has softened its tone on Brexit in recent days, but officials and diplomats say this is more likely an attempt to sidestep blame in a worst-case outcome than a shift to accommodate Boris Johnson's demands.
Reuters   |   Wed, 28 Aug 2019 15:51:46

Boris Johnson suspends parliament: what does it mean for Brexit and why are MPs so angry?

The prime minister, Boris Johnson, is to suspend parliament for several weeks in the run up to Brexit day on October 31. Johnson argues that suspending (or proroguing) Parliament is necessary to prepare for a new parliamentary session. But many MPs, and those beyond Westminster, are viewing the PM's decision ...
Amelia Hadfield, Head of Department of Politics, University of Surrey / The Conversation   |   Wed, 28 Aug 2019 15:45:59

Irish deputy PM: Not enough time to renegotiate Brexit backstop

'Even if we wanted to do that, which we don't, we can't do it in six to 10 weeks,' Simon Coveney says.
Cristina Gallardo / Politico   |   Wed, 28 Aug 2019 15:43:38

UK petition to stop parliament suspension exceeds 450,000 signatures

A petition opposing Prime Minister Boris Johnson's decision to suspend parliament for a month in the run-up to the planned Brexit date of Oct. 31 gained more than 450,000 signatures in a matter of hours after Johnson's announcement.
Reuters   |   Wed, 28 Aug 2019 15:32:25

U.K. Takes Giant Step Toward No-Deal Brexit

Queen Elizabeth II approves Boris Johnson's request, shortening the time the opposition has to keep him from taking the U.K. out of the European Union.
The Associated Press / truthdig   |   Wed, 28 Aug 2019 15:26:34

Johnson's plan to suspend UK Parliament sparks anger

The queen has given her backing to the prime minister's plan to shut down the timetable for blocking a 'no-deal' Brexit.
Al Jazeera   |   Wed, 28 Aug 2019 15:24:07

Pound falls as UK parliament suspension to curb ability to avert no-deal Brexit

The pound fell to a six-day low on Wednesday, holding barely above $1.22 as Britain's Queen Elizabeth gave the nod to Prime Minister Boris Johnson's plan to suspend parliament, leaving lawmakers little time to prevent a no-deal Brexit.
Reuters   |   Wed, 28 Aug 2019 15:14:32

Bets on pound volatility climb after PM's no-deal gambit

Investors brace for unsettling ride in forex markets as Brexit deadline nears
FT   |   Wed, 28 Aug 2019 15:04:33

As Johnson prorogued parliament, at least he had the decency not to try and conceal his lies with a straight face

The country is going to argue about Brexit for years to come. Johnson's decision to strip it of parliamentary legitimacy is monumentally naive
Tom Peck / The Independent   |   Wed, 28 Aug 2019 15:04:00

PM suspends parliament: What happens now with Brexit?

Boris Johnson's request to suspend parliament from the middle of next month has been approved by the Queen, a move that restricts MPs' ability to block a no-deal Brexit in the process.
Sky   |   Wed, 28 Aug 2019 15:00:00

Queen Elizabeth Agrees to Prorogue Parliament

British Prime Minister Boris Johnson will limit parliament's ability to derail his Brexit plan by cutting the amount of time it will sit between now and EU exit day on Oct. 31, infuriating opponents who urged Queen Elizabeth to intervene. In his boldest move yet to take the country out ...
Alfonso Esparza / OANDA   |   Wed, 28 Aug 2019 14:58:11

Few Britons back month-long parliament break before Brexit - YouGov

Only 27% of British people back the month-long suspension of parliament ordered by Prime Minister Boris Johnson, while 47% are opposed, a snap poll conducted on Wednesday by market research company YouGov showed.
Reuters   |   Wed, 28 Aug 2019 14:56:26

Brexit: Ireland will not support removing backstop, says Coveney

Ireland's foreign minister said on Wednesday ratification of the Withdrawal Agreement was the only way to ensure Britain's orderly exit from the European Union and time was too short to renegotiate the Irish border backstop.
Reuters   |   Wed, 28 Aug 2019 14:53:31

Britain is reneging on its Irish border pledges - Ireland's Coveney

Britain seems to be reneging on its previous commitments on the Irish border in Brexit talks, Irish foreign minister Simon Coveney said on Wednesday, adding that a no-deal Brexit would only happen if Britain chose to go that way.
Reuters   |   Wed, 28 Aug 2019 14:52:31

Brexit timetable: What will happen now Boris Johnson's plans to suspend parliament have been approved by the Queen?

Key dates in countdown to 31 October
Ewan Somerville / The Independent   |   Wed, 28 Aug 2019 14:40:11

Brexit: More than 500,000 sign petition demanding Boris Johnson reverse plan to suspend parliament

PM should extend Article 50 again or cancel withdrawal, petitioners say
Jon Sharman / The Independent   |   Wed, 28 Aug 2019 14:36:00

UK PM sparks outrage with parliament suspension

Prime Minister Boris Johnson on Wednesday announced the suspension of parliament in the final weeks before Britain's EU departure date, enraging anti-Brexit MPs. The pound slid on the surprise news, which opponents branded a "coup" and a "declaration of war", although US President Donald Trump weighed into the row by ...
IBTimes   |   Wed, 28 Aug 2019 14:28:59

'Very difficult' for UK and US to strike post-Brexit deal, says ex-UK trade minister

Francis Maude warns Donald Trump and Congress will be tough negotiators.
Emilio Casalicchio / Politico   |   Wed, 28 Aug 2019 14:24:05

Trump bashes Jeremy Corbyn, praises 'great' Boris Johnson

US president says Labour leader will have a hard time calling a no-confidence vote in UK PM.
Paul Dallison / Politico   |   Wed, 28 Aug 2019 14:12:55

Britain is committed to leaving EU on October 31 - Barclay

The United Kingdom is committed to leaving the European Union on Oct. 31, said British Brexit minister Stephen Barclay on Wednesday, speaking just hours after UK Prime Minister Boris Johnson moved to limit parliament's ability to derail Brexit.
Reuters   |   Wed, 28 Aug 2019 14:02:19

U.K. government to ask queen to suspend Parliament to thwart foes of no-deal Brexit, BBC reports

British Prime Minister Boris Johnson asked Queen Elizabeth II on Wednesday to suspend Parliament, throwing down the gauntlet to his critics and causing outrage among ...
No Author / Japan Times   |   Wed, 28 Aug 2019 14:00:20

Queen approves Boris Johnson request to suspend parliament

The Queen has formally approved Boris Johnson's request to suspend parliament from the second week of September until October 14.
The Independent   |   Wed, 28 Aug 2019 13:59:00

UK Brexit Sec. Barclay: Once backstop is triggered we can remain locked in it forever

Read more on
FX Street   |   Wed, 28 Aug 2019 13:52:21

Trump claims Corbyn unlikely to succeed in no-confidence vote against 'great one' Boris Johnson

'Boris is exactly what the UK has been looking for,' president tweets
Jon Sharman / The Independent   |   Wed, 28 Aug 2019 13:42:00

Brexit process is likely to go down to the wire - ING

Read more on
FX Street   |   Wed, 28 Aug 2019 13:41:37

Ireland's Coveney: can't renegotiate Brexit backstop in short time

Ireland's Foreign Minister Simon Coveney on Wednesday said Britain's Withdrawal Agreement could not be renegotiated, especially in the short time ahead of an Oct. 31 deadline for Britain's exit from the European Union.
Reuters   |   Wed, 28 Aug 2019 13:39:44

Brexit: Ireland will not support abolition of backstop, says Coveney

Ireland will not support an abolition of the so-called 'backstop" regarding Brexit, said Irish Foreign Minister Simon Coveney on Wednesday, who also said Ireland was committed to exploring other arrangements in future.
Reuters   |   Wed, 28 Aug 2019 13:30:15

What if we ran society not based on the market but on evidence?

Will it soon be possible to draw a blueprint of our future society? Following the successful Brexit campaign, Dominic Cummings - the then campaign director of Vote Leave - published a series of blog posts describing how the campaign was run and what his plans were for a successful civil ...
Spyros Samothrakis, Lecturer in Analytics and Data Science, University of Essex / The Conversation   |   Wed, 28 Aug 2019 13:29:12

Brexit and suspending parliament: What just happened?

Are you not sure what just happened in the UK? You're not alone. Here's a handy debrief.
BBC   |   Wed, 28 Aug 2019 13:28:39

What is Boris Johnson trying to achieve?

Opponents of a no-deal Brexit are furious at PM's move to suspend parliament
FT   |   Wed, 28 Aug 2019 13:28:14

Petition against suspending parliament surges to more than 300,000

Remain-backing MPs are urging voters to sign a petition demanding parliament not be suspended until Brexit has been delayed or cancelled.
Sky   |   Wed, 28 Aug 2019 13:23:00

Ireland's Coveney: Ratification of Withdrawal Agreement is only way to ensure orderly Brexit

Read more on
FX Street   |   Wed, 28 Aug 2019 13:19:32

Suspending parliament could be the act of a credible madman or master bluffer - top game theorist on Boris Johnson

Boris Johnson, the UK prime minister, says he wants to leave the EU on October 31 2019 with a deal, but has repeatedly made a vocal "do or die" pledge to Brexit without one if necessary. Johnson's latest move - to ask the Queen to suspend parliament - can be ...
Abhinay Muthoo, Dean of Warwick in London, Co-Director of the Warwick Policy Lab and Professor of Economics, University of Warwick / The Conversation   |   Wed, 28 Aug 2019 13:15:00

Boris Johnson's parliament suspension push adds to U.K. risk, strategists say

As investors weigh the probability of Britain crashing out of the EU without a Brexit deal, domestically oriented stocks have fallen further out of favour
Bloomberg News / Financial Post   |   Wed, 28 Aug 2019 13:11:18

Irish stance on backstop won't change due to UK parliament suspension - minister

Ireland will not change its position on Britain's EU withdrawal agreement or the clause after Prime Minister Boris Johnson's reduced the number of days parliament will sit before Brexit, a minister said on Wednesday.
Reuters   |   Wed, 28 Aug 2019 13:01:13

The pound is plunging on 'no-deal' Brexit fears after Boris Johnson moves to shut down Parliament

Britain's pound crashed on Wednesday morning over fears of a no-deal Brexit. The pound was down 0.7% against the dollar and 0.6% against the euro as of 1:30 pm in London. Boris Johnson, the UK prime minister, has asked the queen to suspend Parliament in a bid to force a ...
Yusuf Khan / Business Insider   |   Wed, 28 Aug 2019 12:56:31

Uproar as Johnson cuts parliament time before Brexit

British Prime Minister Boris Johnson moved to limit parliament's opportunity to derail Brexit by cutting the amount of time it sits between now and EU exit day on Oct. 31, infuriating opponents who accused him of leading a "very British coup".
Reuters   |   Wed, 28 Aug 2019 12:40:52

UK tells France to start no-deal Brexit mitigation talks

Britain's Brexit minister, Stephen Barclay, is due to say on Wednesday that Britain and France should immediately begin talks about how to minimise the disruption from a no-deal Brexit.
Reuters   |   Wed, 28 Aug 2019 12:40:38

Boris Johnson Is Suspending Parliament. What's Next for Brexit?

With two months to go before Britain is due to exit the European Union, the country is mired in political dysfunction, its political leaders agree on little if anything, and the terms on which Britain will leave the EU are yet to be agreed. Now, then, seems like the perfect ...
Tom McTague / The Atlantic   |   Wed, 28 Aug 2019 12:38:36

Explainer: What is a Queen's Speech and why has Johnson called one?

British Prime Minister Boris Johnson is calling a Queen's Speech for Oct. 14, a move his opponents say is an attempt to limit opposition to Brexit weeks before the country is due to leave the European Union.
Reuters   |   Wed, 28 Aug 2019 12:35:54

Johnson is forcing the hands of no-deal Brexit opponents

The prime minister has shown he is ready to do whatever it takes to get his way
FT   |   Wed, 28 Aug 2019 12:34:00

"Hope Gives Way To Realism": Global Stocks Slump As Fears Return; 30Y Yield Crashes To All Time Low

Global markets and US equity futures slumped as traders turned their attention to rising odds of a no-deal Brexit and awaited new developments in the...
sellputs / Hedge Accordingly   |   Wed, 28 Aug 2019 12:27:36

UK: End-October Brexit deal is now more likely - TD Securities

Read more on
FX Street   |   Wed, 28 Aug 2019 12:26:53

Church of England expresses no-deal Brexit concerns

A group of Church of England bishops have expressed concerns about a no-deal Brexit and vowed to "respond to the call by Jesus to tell the truth and defend the poor".
Sky   |   Wed, 28 Aug 2019 12:24:00

Corbyn asks to meet queen over Brexit - Guardian

British opposition Labour Party leader Jeremy Corbyn has asked to meet Queen Elizabeth to raise his concerns about Prime Minister Boris Johnson's plans to suspend parliament for longer than normal before Brexit, the Guardian newspaper said.
Reuters   |   Wed, 28 Aug 2019 12:21:27

Optimism About Italy Creeps Back In, But Sterling Heads The Opposite Way On Brexit Realities

Seeking Alpha   |   Wed, 28 Aug 2019 12:16:52

Pound plunges as Johnson restricts parliament's time before Brexit

The pound tumbled to its lowest in nearly a week on Wednesday and government bond yields fell after Prime Minister Boris Johnson moved to suspend parliament in September, leaving lawmakers little time to head off a no-deal Brexit.
Reuters   |   Wed, 28 Aug 2019 12:16:31

What suspending the UK parliament means for Brexit

Opponents of a no-deal Brexit just got royally outflanked.
CNN   |   Wed, 28 Aug 2019 11:59:50

Timeline - Key dates in Britain's Brexit crisis

British Prime Minister Boris Johnson wants to renegotiate the terms of the country's divorce from the European Union but whether he succeeds or not, he has pledged that Brexit will happen "do or die" on Oct. 31.
Reuters   |   Wed, 28 Aug 2019 11:59:20

UK PM Boris Johnson seeks Parliament suspension until October 14

British Prime Minister Boris Johnson on Wednesday sought a suspension of Parliament until October 14 to present what he described as a new bold and ambitious legislative agenda, just two weeks before the Brexit deadline.
PTI / Financial Express   |   Wed, 28 Aug 2019 11:48:37

Pound slides after Johnson reveals plan to suspend parliament

Business leaders voice alarm over economic impact, as sterling falls to six-day low The pound has come under intense selling pressure after Boris Johnson announced plans to suspend parliament for five weeks before the Brexit deadline, raising the chances of a no-deal exit from the EU. Sterling sold off sharply ...
Richard Partington / Guardian   |   Wed, 28 Aug 2019 11:44:00

More than 100,000 sign petition demanding Boris Johnson abandon plans to suspend parliament

Within hours of Boris Johnson announcing the move, more than 100,000 people have signed a petition demanding his plan to suspend parliament is abandoned.
The Independent   |   Wed, 28 Aug 2019 11:39:00

Boris Johnson asks Queen Elizabeth to suspend Parliament to force through Brexit

Queen Elizabeth II was asked by Prime Minister Boris Johnson to suspend Parliament to force through Britain's departure from the European Union.
Kim Hjelmgaard, USA TODAY / USA Today   |   Wed, 28 Aug 2019 11:34:23

No-deal Brexit: Can MPs overrule the new prime minister?

What ways - if any - do MPs have of preventing the UK leaving the EU without a deal on 31 October?
BBC   |   Wed, 28 Aug 2019 11:31:48

US Open - Brexit drama, PM Conte to remain, Huge Oil Draw, and Gold's bright outlook

With no major developments with the US -China trade war, US equities are set for a lackluster open as the focus shifts to Brexit and Italian politics. The key chart investors' eyes are glued to is the spread between the 2-year Treasury yield and 10-year note, which is accelerating its ...
Ed Moya / OANDA   |   Wed, 28 Aug 2019 11:25:30

European Parliament Brexit chief slams 'sinister' move to suspend Commons and extends solidarity to British MPs

Guy Verhofstadt says accuses goverment of 'suppressing debate' on choices ahead for the UK
Jon Stone / The Independent   |   Wed, 28 Aug 2019 11:23:00

Cross-party MPs seek emergency ruling from Scottish court to block Commons suspension

The Independent understands the bid will be heard on Thursday
Lizzy Buchan / The Independent   |   Wed, 28 Aug 2019 11:21:58

Pound dives on increased no-deal Brexit prospect

The pound slumped more than one percent versus the dollar and euro Wednesday as Britain's government moved to extend the suspension of parliament, increasing the likelihood of a no-deal Brexit. Britain's currency slid 1.1 percent to $1.2157, while the euro bought 91.23 pence. Sterling later recovered to above $1.22 but ...
IBTimes   |   Wed, 28 Aug 2019 11:20:19

UK PM triggers outrage with move to suspend parliament

British Prime Minister Boris Johnson announced Wednesday that parliament would be suspended until October 14 -- just two weeks before the UK is set to leave the EU -- enraging anti-Brexit MPs. The pound slid on the surprise news, which opponents branded a "coup" and a "declaration of war". The ...
IBTimes   |   Wed, 28 Aug 2019 11:14:01

Brexit-sensitive stocks sink as no-deal EU exit worries grow

Britain's Brexit-sensitive domestic stocks fell on Wednesday as renewed worries about the country leaving the European Union without a deal pressured sterling and sapped investor appetite for stocks sensitive to slowing consumer spending.
Reuters   |   Wed, 28 Aug 2019 11:10:22