Brexit News Archive: 02 Sep 2019

UK Brexit Sec. Barclay: EU needs to be 'flexible' to avoid no-deal, end 'absolutist approach' to backstop

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FX Street   |   Mon, 2 Sep 2019 22:00:45

Brexit: What happened on Monday?

Jonathan Blake gives his daily roundup of the key Brexit events in British politics.
BBC   |   Mon, 2 Sep 2019 21:49:42

EU should be open for 'creative' solutions on Irish border - Brexit minister

Brexit Minister Stephen Barclay said in an interview with several European newspapers published on Monday that the European Union should be open to "creative and flexible" solutions to the Irish border question.
Reuters   |   Mon, 2 Sep 2019 21:04:29

Brexit: Government expected to lose to the Rebel Alliance tomorrow

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FX Street   |   Mon, 2 Sep 2019 20:56:30

Johnson's 'Coup': British PM's brinkmanship over Brexit adds to global uncertainty

The United Kingdom has an enviable reputation for political stability and consensus-driven governance. But Prime Minister Boris Johnson appeared to break with that tradition when he suspended Parliament in the crucial weeks leading up to...
TOI Edit / Times of India   |   Mon, 2 Sep 2019 20:30:33

Forex Today: Brexit chaos overshadowed US-China trade tensions

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FX Street   |   Mon, 2 Sep 2019 20:12:04

Irish central bank's Brexit authorisations top 100

Well over 100 financial-services firms that applied to set up or extend operations in Ireland because of Britain's plans to quit the European Union have been authorised to do so by the Irish central bank, deputy governor Ed Sibley said on Thursday.
Reuters   |   Mon, 2 Sep 2019 20:00:29

Interview with Irish Deputy Central Bank Governor Ed Sibley

Ireland's Deputy Central Bank Governor with responsibility for prudential regulation, Ed Sibley, spoke to Reuters on the status of financial services firms flocking to Ireland over Brexit, how prepared the country's varied financial system is for its near neighbour's EU departure and the bank's mortgage lending rules.
Reuters   |   Mon, 2 Sep 2019 19:59:44

Brexit's most important week? Five things that happened on Monday

At the start of a potentially decisive week for Brexit, here are five key things that happened on Monday.
BBC   |   Mon, 2 Sep 2019 19:55:39

UK PM to call election if Brexit strategy defeated: top official

British Prime Minister Boris Johnson will call an election for October 14 if MPs vote against his Brexit strategy, a top official said Monday on the eve of a parliamentary showdown. MPs from Johnson's own Conservative Party are preparing to join opposition lawmakers in a vote on Tuesday to try ...
IBTimes   |   Mon, 2 Sep 2019 19:34:16

Johnson threatens election ahead of Brexit battle in parliament

Prime Minister Boris Johnson implicitly warned lawmakers on Monday that he would seek an election if they tied his hands on Brexit, ruling out ever countenancing a further delay to Britain's departure from the European Union.
Reuters   |   Mon, 2 Sep 2019 19:16:27

Pound flounders on Brexit uncertainty

The pound has plunged against the US dollar and the euro, as uncertainty deepens over the British government's Brexit strategy and the potential for a snap election. Elsa Lignos, Managing Director at RBC Capital Markets, gives us her take on the currency markets and what's in store for investors and ...
Kate MOODY / France 24   |   Mon, 2 Sep 2019 19:10:28

How MPs aim to stop a no-deal Brexit on October 31

Rebel Tories and opposition parties seek control of Commons agenda to pass a law
FT   |   Mon, 2 Sep 2019 19:10:19

Johnson threatens to call October 14 election

UK prime minister issues ultimatum over rebel vote in parliament on Brexit
FT   |   Mon, 2 Sep 2019 18:59:31

Brexit crisis deepens as Tory rebellion mounts

A general election appears inevitable as support for Boris Johnson collapses.
Al Jazeera   |   Mon, 2 Sep 2019 18:55:56

Johnson to seek Oct. 14 election if rebels block his Brexit plan - source

British Prime Minister Boris Johnson will move to call an Oct. 14 election if lawmakers block the option of leaving the European Union without a deal, a senior government source said on Monday.
Reuters   |   Mon, 2 Sep 2019 18:35:01

‘You don’t want an election’: Boris Johnson warns UK lawmakers he will never delay Brexit

UK Prime Minister Boris Johnson on Monday ruled out ever asking the European Union to delay Britain’s departure from the bloc, making an implicit warning to lawmakers that he could be forced to call an election if they tied his hands on promise to take the country out of the ...
Reuters / South China Morning Post   |   Mon, 2 Sep 2019 18:26:23

Brexit: Boris Johnson to call 14 October general election if rebels vote to block no-deal

Prime minister insists that he does not want an early poll
Andrew Woodcock / The Independent   |   Mon, 2 Sep 2019 18:18:00

Boris Johnson is a man with nothing to offer and no idea what to do. And so his words outside No 10 were entirely meaningless

Brexit still hasn't happened yet, and Boris Johnson has already stopped pretending anything good will come of it. It is something to be got out of the way. Fat chance
Tom Peck / The Independent   |   Mon, 2 Sep 2019 18:15:00

To Catch A Falling Pound - Brexit Might Be Fully In Sterling Now

Seeking Alpha   |   Mon, 2 Sep 2019 18:12:00

Brexit: 'Election in October' if MPs block no deal

The PM says he does not want a general election, but it is understood he would seek to call one if he is defeated over Brexit delays.
BBC   |   Mon, 2 Sep 2019 17:52:34

UK PM defiant ahead of Brexit parliamentary showdown

Prime Minister Boris Johnson warned Monday there were "no circumstances" in which he would delay Brexit, as his own MPs joined with opposition lawmakers to try to stop him taking Britain out of the European Union next month without a deal. The Conservative leader expressed hope he could get an ...
IBTimes   |   Mon, 2 Sep 2019 17:51:56

SMEs unprepared for no-deal Brexit, bankers tell Javid

Britain's army of small businesses remain largely unprepared for a no-deal Brexit, some of the financial services industry's top bosses warned the chancellor on Monday.
Sky   |   Mon, 2 Sep 2019 17:49:00

PM Johnson warns lawmakers: I will never delay Brexit

Prime Minister Boris Johnson on Monday ruled out ever asking the European Union to delay Britain's departure from the bloc, making an implicit warning to lawmakers that he could be forced to call an election if they tied his hands on Brexit.
Reuters   |   Mon, 2 Sep 2019 17:37:54

UK's Johnson says he doesn't want election, calls for no more Brexit delay

British Prime Minister Boris Johnson said on Monday he did not want an election as he called on lawmakers not to vote for any further delay to Brexit.
Reuters   |   Mon, 2 Sep 2019 17:37:07

Boris Johnson's election threat to would-be rebels

Despite saying he does not want an election, the British prime minister left open the possibility of going back to the people.
Annabelle Dickson, Emilio Casalicchio, Kate Day / Politico   |   Mon, 2 Sep 2019 17:36:53

Rebel UK lawmakers seek possible Brexit delay until Jan. 31, 2020

Lawmakers opposed to Prime Minister Boris Johnson's Brexit plans want to pass a law forcing him to ask for a delay to Britain's exit from the European Union until Jan. 31 2020, a copy of the legislation posted on Twitter by one of its authors said.
Reuters   |   Mon, 2 Sep 2019 17:34:05

I don't want an election, says PM Johnson as he urges against Brexit delay

British Prime Minister Boris Johnson said on Monday he did not want an election as he called on lawmakers not to vote for a further delay to Brexit.
Reuters   |   Mon, 2 Sep 2019 17:28:16

No circumstances in which I'll delay Brexit - PM

Boris Johnson has said there are "no circumstances" in which he will ask for another Brexit delay, as he prepares for a parliamentary showdown with MPs.
Sky   |   Mon, 2 Sep 2019 17:28:00

Brexit: Boris Johnson claims he will ignore MPs if they vote to block no-deal exit

Prime minister's comments will fuel expecations of an early election, though he insists he does not want one
Andrew Woodcock / The Independent   |   Mon, 2 Sep 2019 17:15:00

Factbox: What are the key points in the legislation aimed at stopping a no-deal Brexit?

British lawmakers opposed to a no-deal Brexit will seek to take control of parliamentary time on Wednesday to pass legislation which would force Prime Minister Boris Johnson to seek a three-month delay to Brexit.
Reuters   |   Mon, 2 Sep 2019 17:08:51

Gold moves higher start of week as Brexit and trade wars keep markets in risk-off

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FX Street   |   Mon, 2 Sep 2019 17:03:41

U.S. wants Brexit that encourages stability in Ireland - Vice President Pence

The United States wants the terms of Britain's exit from the European Union to protect stability on the island of Ireland and respect Northern Ireland's 1998 peace deal, U.S. Vice President Mike Pence said on Monday.
Reuters   |   Mon, 2 Sep 2019 17:01:18

Brexit: Rebel Bill published to stop no-deal exit if Boris Johnson fails to strike agreement by 19 October

Boris Johnson would be forced to delay Brexit if he has failed to strike a fresh deal by 19 October, under a rebel Bill aimed at blocking a crash-out from the EU.
The Independent   |   Mon, 2 Sep 2019 16:58:05

UK MPs publish plan to prevent no-deal Brexit

LONDON - A cross-party group of British MPs today published a draft bill which would force the prime minister to request a three-month extension to Brexit negotiations if a deal is not agreed between the EU and the U.K. by October's European Council. Labour MP Hilary Benn tweeted a copy ...
Annabelle Dickson / Politico   |   Mon, 2 Sep 2019 16:57:42

Boris Johnson to make Brexit statement

CNN   |   Mon, 2 Sep 2019 16:57:06

FTSE 100 soars as election talk knocks sterling

London's FTSE 100 surged 1% on Monday, shrugging off news of the latest U.S.-China trade tariffs, as exporter stocks firmed following a slide in sterling on the prospect of an election against the backdrop of Brexit.
Reuters   |   Mon, 2 Sep 2019 16:43:06

Read the Rebels' New Anti-Brexit Bill

In the last few minutes Hilary Ben has Tweeted the rebels' planned Brexit bill forcing the PM to extend A50 and avoid a No Deal Brexit. Read below: Section 3, Paragraph 1 has already caught the attention of Brexiteers, as it would mean the EU can choose the length of ...
Christian Calgie / Guy Fawkes' blog   |   Mon, 2 Sep 2019 16:41:58

Rebel MPs Reportedly Attempting To Force Another Brexit Delay

A cross-party group of MPs who are opposed to leaving the EU without a deal on Oct. 31 have settled on their plan to stop PM Boris Johnson from running down the clock: They're reportedly planning to pass legislation that would force Johnson to seek a three-month delay of Brexit ...
Tyler Durden / Zero Hedge   |   Mon, 2 Sep 2019 16:35:00

Secret Facebook network helps boost anti-Brexit protests

Protests against Boris Johnson's prorogation of parliament are being boosted by a national network of pro-EU Facebook pages, Sky News can reveal.
Sky   |   Mon, 2 Sep 2019 16:29:00

Boris Johnson news - live: PM to call October general election if rebel MPs vote to block no-deal

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Colin Drury, Adam Forrest, Chiara Giordano / The Independent   |   Mon, 2 Sep 2019 16:23:00

How Johnson's 'Brexit' election might be triggered

PM may be left with little choice but to call a vote if parliament delays departure from EU
FT   |   Mon, 2 Sep 2019 16:06:28

Pound slides on en election speculation, Brexit uncertainty

The pound slid Monday as speculation mounted about an early election and data revealed a slump in UK manufacturing fuelled by Brexit uncertainty, traders said. Sterling fell nearly 0.8 percent versus the dollar in late London trading. That helped lend strong support to London's FTSE 100 shares index that features ...
IBTimes   |   Mon, 2 Sep 2019 16:03:14

Brexit: EU considers using disaster fund for no deal

The move could see the scenario classified alongside earthquakes or floods for EU aid applications.
BBC   |   Mon, 2 Sep 2019 15:56:23

Extending Article 50 does not automatically stop No Deal

MPs opposed to a No Deal Brexit will try to force the Prime Minister to seek an extension to the Article 50 process when Parliament returns from recess tomorrow. Open Europe's Dominic Walsh argues that extending Article 50 merely delays No Deal, rather than taking it off the table. The ...
Dominic Walsh / Open Europe   |   Mon, 2 Sep 2019 15:55:07

Pound sinks after general election speculation

Reports of a possible snap general election and a push for a Brexit extension weigh on sterling.
BBC   |   Mon, 2 Sep 2019 15:48:03

UK PM holds emergency Brexit talks, fuelling election rumours

Prime Minister Boris Johnson will chair an emergency cabinet meeting Monday on the eve of a showdown with parliament over Brexit, amid growing speculation he could call an early election to ensure Britain leaves the European Union next month. Opposition parties and several members of Johnson's governing Conservatives are expected ...
IBTimes   |   Mon, 2 Sep 2019 15:44:54

Brexit: What do elephant traps and poking pigs have to do with it?

Elephant traps, pigs and pokes - it's been a strange few days in politics.
BBC   |   Mon, 2 Sep 2019 15:35:21

Konnie Huq's Insane Brexit Meltdown

Debating Brexit on the Jeremy Vine Show this morning, former Blue Peter presenter Konnie Huq went blue-in-the-face trying to comprehend why Brexiteers want the result of the 2016 referendum respecting; by choosing the hysterical example of beheadings... Throughout Brexit there's been talk of Henry VIII powers; Konnie's taking it to ...
Christian Calgie / Guy Fawkes' blog   |   Mon, 2 Sep 2019 15:33:39

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

British Prime Minister Boris Johnson's "do or die" pledge to exit the European Union by Oct. 31 has increased the likelihood for the hardest form of Brexit, one with no deal in place at all. Without a formal withdrawal accord at the time of the divorce, the U.K. will lose ...
Washington Post   |   Mon, 2 Sep 2019 14:55:42

All ideas to replace Irish backstop flawed, leaked UK government analysis finds

Problems range from being 'easily exploitable by criminals' and inappropriate for small bushinesses
Jon Stone / The Independent   |   Mon, 2 Sep 2019 14:53:00

Speculation Mounts Boris Johnson Will Call Snap Election

"Speculation is mounting that Boris Johnson could call a snap general election if backbench rebels succeed in passing a bill to delay Brexit, with a Downing Street source saying the issue would be treated as 'an expression of confidence' in the government," the Guardian reports. "Johnson's cabinet ministers are being ...
Taegan Goddard / Taegan Goddard   |   Mon, 2 Sep 2019 14:50:57

End to Brexit chaos cannot come too soon for factories | Larry Elliott

The US-China trade war is also having an impact on manufacturing worldwide The shockingly bad snapshot of industry from IHS Markit and the Chartered Institute of Procurement and Supply puts Britain on recession alert. It doesn't mean that a recession will inevitably materialise. For that to happen, the poor performance ...
Larry Elliott / Guardian   |   Mon, 2 Sep 2019 14:44:08

Election speculation mounts after Boris Johnson calls Cabinet meeting

Speculation is mounting that UK Prime Minister Boris Johnson could call an early election in an effort to thwart rebels within his own party who want to stop him taking Britain out of the European Union without a deal, according to UK media reports.
CNN   |   Mon, 2 Sep 2019 14:41:19

UK PM Johnson plans pre-Brexit election if he loses to parliament - The Sun

British Prime Minister Boris Johnson is planning to call a pre-Brexit snap election if parliament defeats the government over his exit plan, The Sun newspaper reported on Monday.
Reuters   |   Mon, 2 Sep 2019 14:40:23

UK: Legislation to force PM Johnson to seek a 3 month Brexit extension

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FX Street   |   Mon, 2 Sep 2019 14:27:47

Can no-deal Brexit be stopped?

What ways - if any - do MPs and lawyers have of preventing the UK leaving the EU without a deal on 31 October?
BBC   |   Mon, 2 Sep 2019 14:02:13

UK factories suffer worst slump since 2012 amid Brexit crisis - as it happened

Rolling coverage of the latest economic and financial news, as British manufacturers suffer falling orders Latest: UK manufacturing PMI weakest in seven years Business confidence slumps as output falls again Expert: There's a creeping dread of no-deal Brexit Pound falls through $1.21 2.47pm BST Time for a quick recap Related: ...
Graeme Wearden / Guardian   |   Mon, 2 Sep 2019 13:47:42

Election speculation mounts in Britain on eve of 'last chance' Brexit battle

Prime Minister Boris Johnson summoned ministers to a meeting on Monday, stoking speculation he could call an election if parliament defeats the government over a Brexit plan opponents fear could push the United Kingdom into a ruinous no-deal exit.
Reuters   |   Mon, 2 Sep 2019 13:34:54

Brexit: What's happening in Westminster this week

MPs are returning to Westminster this week ahead of what is expected to be a dramatic parliamentary showdown over Brexit.
Sky   |   Mon, 2 Sep 2019 13:28:00

Brexit: What happens next?

Prime Minister Boris Johnson says he plans to renegotiate the Brexit deal. What could happen?
BBC   |   Mon, 2 Sep 2019 13:13:24

UK shares advance while pound takes a hit amid Brexit turmoil

Investors maintain focus on trade conflict between US and China
FT   |   Mon, 2 Sep 2019 13:08:57

Johnson preparing to call election on eve of Brexit showdown with Parliament, reports say

Prime Minister Boris Johnson is preparing to call an election, British media reported on Monday, on the eve of an historic showdown with Parliament over ...
No Author / Japan Times   |   Mon, 2 Sep 2019 13:04:32

GBP/USD technical analysis: Cable tumbles below 1.2100 handle as Brexit chaos weighs on Sterling

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FX Street   |   Mon, 2 Sep 2019 13:00:25

Get rid of PM's 'populist cabal', Labour's Corbyn backs new UK election

Britain's Jeremy Corbyn said on Monday his opposition Labour Party wants a new election above all else to oust Prime Minister Boris Johnson's "phony, populist cabal", renewing his support for moves to stop a no-deal Brexit.
Reuters   |   Mon, 2 Sep 2019 12:48:58

'Get Ready' for Brexit! It starts with the suspension of the rule of law and the expulsion of the sane

Vote Leave has taken over the Tory Party, and so of course the Tory party is chucking out anyone who tries to deliver the sane version of Brexit that Vote Leave actually promised
Tom Peck / The Independent   |   Mon, 2 Sep 2019 12:31:00

Amid Brexit chaos, the pound is plunging again after Britain's economy just posted 'shocking' manufacturing data

Among the chaos caused by Brexit, Britain's manufacturing plummeted, with data showing the biggest drop in seven years. The pound dropped 0.6% against the dollar on Monday, as the global economic slowdown and Brexit weighed on the British economy. One analyst said, "confidence is on the floor, with manufacturers as ...
Yusuf Khan / Money Game   |   Mon, 2 Sep 2019 12:14:44

Boris Johnson to meet cabinet members within hours as Number 10 source hints at snap election

Meeting comes on the eve of an expected rebel bid to block a no-deal Brexit
Andrew Woodcock / The Independent   |   Mon, 2 Sep 2019 11:51:00

Brexit: No 10 'considering' election amid no-deal battle with MPs

The BBC understands "live discussions" are going on about whether to ask MPs to approve a snap poll.
BBC   |   Mon, 2 Sep 2019 11:48:38

Boris Johnson Vows to Purge Rebels

"Boris Johnson has dramatically escalated the Conservative civil war on Brexit by threatening to purge some of the party's biggest beasts - including former chancellor Philip Hammond - unless they back him in a key Brexit vote on Tuesday," the Financial Times reports. "The UK prime minister has warned Conservative ...
Taegan Goddard / Taegan Goddard   |   Mon, 2 Sep 2019 11:48:31

Irish PM awaits outcome of 'volatile' week in British parliament

There is time for Britain to put forward concrete Brexit proposals for the Irish border but Dublin will first wait and see how a week in the British parliament pans out, Irish Prime Minister Leo Varadkar said on Monday.
Reuters   |   Mon, 2 Sep 2019 11:38:05

'Unreasonable' for UK lawmakers to bind PM's hands on Brexit - spokesman

It would be entirely unreasonable for British lawmakers to try to bind the hands of Prime Minister Boris Johnson as he seeks a new Brexit deal with the European Union, his spokesman said on Monday.
Reuters   |   Mon, 2 Sep 2019 11:35:50