Brexit News Archive: 11 Oct 2019

Global Stocks Rise On Partial US-China Trade Deal, Pound Up

Global stocks rallied Friday as US-China trade negotiations yielded a partial deal, while the British pound surged for a second straight session on signs that London and Brussels could still avert a no-deal Brexit. The US-China agreement, announced in the closing minutes of Friday's Wall Street session, halts new US ...
IBTimes   |   Fri, 11 Oct 2019 21:54:58

Stocks off highs after trade deal announced; Brexit hopes boost pound

Stocks on Wall Street came off their highs in late trading after U.S. President Donald Trump announced a partial trade deal with China that could be signed within weeks, with the boost from New York enough to give stocks across the globe their largest daily gain in two months.
Reuters   |   Fri, 11 Oct 2019 21:49:49

How would a no-deal Brexit impact British Overseas Territories?

As Britain anxiously waits to see if the government will do as it threatens, and crash out of the European Union without a deal at the end of the month, nowhere are the consequences of Brexit more widely feared than in the last vestiges of the British Empire.Be they Caribbean ...
Hilary Clarke / South China Morning Post   |   Fri, 11 Oct 2019 21:30:04

OANDA Market Insights - Episode 86 (Podcast)

OANDA Senior Market Analyst Craig Erlam previews the week's business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week they discuss the positive developments in US-China trade talks and Brexit, the attack on the Iranian oil tanker and earnings season. The full podcast and video recording ...
Craig Erlam / OANDA   |   Fri, 11 Oct 2019 21:29:25

U.K. stocks surge as Brexit hopes rise

Seeking Alpha   |   Fri, 11 Oct 2019 20:46:47

Trade bodies appeal for regulatory alignment post-Brexit

Manufacturing industries warn of 'serious risk' to competitiveness
FT   |   Fri, 11 Oct 2019 20:33:34

Stocks rally on trade talks; Brexit deal hopes boost pound

Global stocks and the euro rallied on Friday on signs of progress in U.S.-China trade talks and hopes that Britain was moving closer to a smooth exit from the European Union.
Reuters   |   Fri, 11 Oct 2019 19:50:21

GBP/USD - Buoyed by Brexit hope (video)

OANDA Senior Market Analyst Craig Erlam discusses GBPUSD after the pair bounced off a key support level on the hope that no-deal Brexit will be avoided.
Craig Erlam / OANDA   |   Fri, 11 Oct 2019 19:33:06

Week Ahead - Focus shifts to Brexit, IMF's WEO, Earnings Season, and Chinese data

Following a week that was filled with critical updates with the US-China trade war, markets will now focus on the beginning of earnings season, Brexit negotiations, a wrath of Chinese data that will look to see if GDP growth will test below 6% for the first time, and annual meetings ...
Ed Moya / OANDA   |   Fri, 11 Oct 2019 19:30:17

U.K. ETFs Surge on Brexit Deal Hopes

United Kingdom markets and country-specific exchange traded funds surged Friday on hopes that the country could reach an amicable divorce deal with the European Union. Among the best performing non-leveraged ETFs of Friday, the iShares MSCI United Kingdom ETF (NYSEArca: EWU) increased 3.1%, First Trust United Kingdom AlphaDEX Fund (NYSEArca: ...
Max Chen / ETF Trends   |   Fri, 11 Oct 2019 19:29:46

Labour eyes pushing for second Brexit referendum

Opposition party could seek to attach plebiscite to any revised withdrawal agreement
FT   |   Fri, 11 Oct 2019 19:27:23

Brussels to hold intensive Brexit talks with UK

Sterling climbs after breakthrough sparks hope of new withrawal agreement
FT   |   Fri, 11 Oct 2019 19:23:35

Stocks Surging into Final Hour on China Trade Deal Hopes, Diminished Brexit Pessimism, Less European/Emerging Market/US High-Yield Debt Angst, Tech/Retail Sector Strength

Broad Equity Market Tone: Advance/Decline Line: Substantially Higher Sector Performance: Almost Every Sector Rising Volume: Above Average Market Leading Stocks: Outperforming Equity Investor Angst: Volatility(VIX) 15.9 -9.6% Euro/Yen Carry Return Index 124.35 +.85% Emerging Markets Currency Volatility(VXY) 8.17 -.97% S&P 500 Implied Correlation 37.4 -11.5% ISE Sentiment Index 110.0 +11.1% ...
Unknown / Between the Hedges   |   Fri, 11 Oct 2019 18:40:00

How Boris Johnson moved to break the Brexit deadlock

Plan contains elements of Theresa May's derided deal and may see opposition from DUP
FT   |   Fri, 11 Oct 2019 18:38:32

EU, Britain enter intense Brexit talks as UK departure date looms

The European Union agreed on Friday to enter intense talks with Britain to try to break the deadlock over Brexit, lifting financial markets with a sign that a deal could be done before the Halloween deadline.
Reuters   |   Fri, 11 Oct 2019 18:36:07

EU's Tusk says more tangible hopes for Brexit deal now than before

European Council head Donald Tusk said on Friday he felt slightly more hopeful the European Union and Britain will achieve a deal on the latter's withdrawal from the bloc following months of deadlock.
Reuters   |   Fri, 11 Oct 2019 18:35:57

Leaked Brexit proposal suggests UK has probably compromised more than the EU

Downing Street appears to have a credible Brexit proposal after a week which began with a Number 10 aide calling a deal "essentially impossible".
Sky   |   Fri, 11 Oct 2019 17:57:00

A Brexit deal is in the best interests of all sides

Boris Johnson and Leo Varadkar have narrowed their differences over Northern Ireland
FT   |   Fri, 11 Oct 2019 17:23:09

European shares soar on rising hopes of Brexit, trade deal

European shares were on a tear on Friday as a surprise breakthrough in Brexit negotiations drove UK-focused London-listed companies and the Irish index about 4% higher, while German shares logged their best day in nine months.
Reuters   |   Fri, 11 Oct 2019 17:20:10

Brexit deal hysteria sparks dramatic gains for UK stocks

London-listed companies with exposure to the domestic economy soared on Friday for their best day in nearly a decade as hopes that Britain can seal a Brexit deal triggered explosive gains and a major reversal of fortunes for the much-shunned UK market.
Reuters   |   Fri, 11 Oct 2019 17:09:10

Boris Johnson news - live: PM risks Brexiteer fury with customs union hint, after EU gives green light to secret negotiations

Follow all the latest developments
Adam Forrest, Samuel Osborne / The Independent   |   Fri, 11 Oct 2019 17:00:00

Pundits Were Certain Boris Wouldn't Get a Renegotiation

The state of Brexit negotiations still remains unclear, with only slivers of information leaking to the press, however what does now look certain is Boris has forced the EU to prise open the Withdrawal Agreement and renegotiate - the precise thing we were told by anti-Brexit pundits and MPs was ...
Christian Calgie / Guy Fawkes' blog   |   Fri, 11 Oct 2019 16:59:48

Tonnes of crops left to rot as farms struggle to recruit EU workers

Brexit fears and fall in sterling causing pickers to stay away, says National Farmers' Union Latest Brexit news - live updates Thousands of tonnes of fruit and vegetables are being left to rot in UK fields because of a shortage of pickers and packers in the face of continuing Brexit ...
Sarah Butler / Guardian   |   Fri, 11 Oct 2019 16:58:40

Brexit no-deal 'would hamper UK/EU police co-operation'

British police would have less ability to cooperate on security with their counterparts in the European Union in a no-deal Brexit, a police chiefs' organisation said on Friday.
Reuters   |   Fri, 11 Oct 2019 16:56:01

Stocks bask in 'warmer feelings' from trade talks, Brexit deal hopes

Global stocks and the euro rallied on Friday on signs of a detente in the U.S.-China trade war and hopes that Britain was moving closer to a smooth exit from the European Union.
Reuters   |   Fri, 11 Oct 2019 16:53:49

Ferries and 'the tunnel': Britain and EU inch towards Brexit deal

But any concessions made by Boris Johnson are likely to be seen as betrayals by hardline Eurosceptics in his own party.
Al Jazeera   |   Fri, 11 Oct 2019 16:38:39

Government signs up ferry firms for £87m in case of no-deal Brexit

Four companies agree contracts that will help ensure supply of vital medicines The government has signed contracts worth almost £87m with four ferry companies to help ensure the supply of vital medicines in the event that the UK leaves the EU without a deal. The Department for Transport (DfT) said ...
Sean Farrell / Guardian   |   Fri, 11 Oct 2019 16:26:22

Glimmer of hope for Brexit deal

UK Prime Minister Boris Johnson has received further encouragement in his attempts at securing a Brexit deal after European Union member states agreed to negotiations over the next few days.
CNN   |   Fri, 11 Oct 2019 16:19:51

Pound Surges On Brexit Fever As Trade Hopes Boost World Stocks

The British pound surged on Friday as traders detected signs that London and Brussels could still win the race against time to avoid a no-deal Brexit. Global stock markets meanwhile powered ahead, boosted by hopes that Washington and Beijing are getting closer to ending their trade war. "Global stocks continued ...
IBTimes   |   Fri, 11 Oct 2019 15:58:22

Constitutional integrity of UK must be respected in Brexit deal - DUP

The small Northern Irish party supporting the British government insisted on Friday that no barriers to trade be erected between it and mainland Britain in any Brexit deal and that the United Kingdom must leave the European Union as one.
Reuters   |   Fri, 11 Oct 2019 15:58:21

Banks ramp up bets on Brexit deal as mood music improves

Major investment banks said on Friday they had become more optimistic on the prospects for a Brexit deal, following an upbeat meeting between British and Irish leaders that buoyed the pound.
Reuters   |   Fri, 11 Oct 2019 15:39:49

Brexit: DUP: Anything that traps N. Ireland in EU as rest of UK leaves will not have our support

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FX Street   |   Fri, 11 Oct 2019 15:38:23

Friday afternoon news briefing: UK and EU to enter 'tunnel negotiations' on Brexit deal after EU 27 give 'green light'

Chris Price / Telegraph   |   Fri, 11 Oct 2019 15:29:11

It's impossible to 'succeed' in the Brexit talks - this is one of the stupidest things a country has ever done

A declining British mainland and a resurgent Belfast will serve as a permanent reminder of just how colossal an error Brexit was
Tom Peck / The Independent   |   Fri, 11 Oct 2019 15:28:00

Three UK retailers seek to buck the Brexit gloom

Card Factory, ScS and Vertu are investing in new sales channels and techniques
FT   |   Fri, 11 Oct 2019 15:25:58

Revealed: Farage's Brexit Party chairman facing questions over offshore tax haven links

Brexit 'Bad Boy' Richard Tice says he doesn't know who's behind offshore firms that own a large stake in his family business - MEP calls for 'urgent' action.
Daniel Beizsley / Open Democracy   |   Fri, 11 Oct 2019 15:25:07

UK strikes ferry deals to ensure supply of medicines after Brexit

Britain said on Friday it had signed deals worth 86.6 million pounds ($109.50 million) with shipping firms to ensure the supply of vital medicines in the event of border chaos after the country leaves the European Union.
Reuters   |   Fri, 11 Oct 2019 15:15:50

DUP Source: DUP is *not* necessarily opposed to a post-Brexit customs partnership with EU - The Times

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FX Street   |   Fri, 11 Oct 2019 14:56:43

Ferry companies to be paid £86m in no-deal Brexit

Deal ensures capacity to transport up to 2,500 trucks full of medicines a week
FT   |   Fri, 11 Oct 2019 14:50:22

Gold on the Back Foot as Safe Havens Sold Across the Board

Gold futures headed lower Friday, putting bullion on track to record its steepest weekly drop in more than a year and lowest settlement month to date, amid growing optimism on Sino-American trade talks and progress on Brexit. December gold on Comex GCZ19, -1.44% was down $20.10, or 1.3%, to trade ...
Alfonso Esparza / OANDA   |   Fri, 11 Oct 2019 14:49:46

EU, Britain to hold intense Brexit talks as UK departure date nears

The European Union and Britain agreed on Friday to hold intense talks over the next few days in a bid to secure a deal over Britain's departure from the bloc, but arrangements over British-Irish border controls remain at issue, the EU said.
Reuters   |   Fri, 11 Oct 2019 14:49:05

Pound Rises on Brexit Deal Optimism

Sterling surged on Friday to a three-month high amid investor optimism about a last-minute Brexit deal between Britain and the European Union. Against the dollar the pound rose 1.8% to $1.2667, and against the euro was up 1.35% at €1.1452. The currency has rallied more than 3% since Thursday, its ...
Alfonso Esparza / OANDA   |   Fri, 11 Oct 2019 14:44:25

Here's what you need to know about the Queen's Speech

The Queen's Speech marks the state opening of Parliament and a new Parliamentary Session. But what is it and why has it been so contentious in 2019?
CNN   |   Fri, 11 Oct 2019 14:42:30

Brexit deal optimism drives UK assets higher

Sterling on course for biggest two-session rise since the financial crisis
FT   |   Fri, 11 Oct 2019 14:39:17

Chart of the Day: FTSE Europe Earnings

Optimism over a pathway to a possible BrExit deal continues following meetings in Brussels. The European Union gives the go-ahead for "their chief negotiator to hold another round of
David Aurelio / Alpha Now   |   Fri, 11 Oct 2019 14:28:35

Pound surges as hopes of Brexit deal rise

Sharpest rise in sterling's value since EU referendum follows Boris Johnson-Leo Varadkar meeting The pound had its biggest two-day rally against the dollar since the Brexit vote as hopes rose that a deal could be struck before the deadline later this month. Sterling climbed to the highest level in three ...
Richard Partington and Graeme Wearden / Guardian   |   Fri, 11 Oct 2019 14:16:09

Boris Johnson hints at major Brexit climbdown with Northern Ireland customs union remarks

Prime minister risks fury of Democratic Unionist Party - and majority for any deal at Westminster - by refusing to say all of UK will leave trading bloc
Rob Merrick / The Independent   |   Fri, 11 Oct 2019 14:14:00

Johnson declines to say whether Northern Ireland will stay in EU customs union after Brexit

British Prime Minister Boris Johnson said on Friday he did not want to give a running commentary on Brexit talks when asked whether Northern Ireland would be leaving the EU customs union amid hopes an agreement can be found before an Oct. 31 deadline.
Reuters   |   Fri, 11 Oct 2019 14:04:40

Pound soars to three-month high on good Brexit news

The pound has enjoyed its biggest jump versus the euro in over six months, as a whole range of equities also basked in the good news surrounding Brexit today.
Sky   |   Fri, 11 Oct 2019 13:54:00

EU And UK Intensify Brexit Talks Ahead Of Key Summit

British and EU negotiators agreed Friday to intensify efforts to find a new Brexit withdrawal agreement, just days before a key European summit.
IBTimes   |   Fri, 11 Oct 2019 13:48:55

Banks turn more optimistic on Brexit deal as mood music improves

Major investment banks said on Friday they had become more optimistic on the prospects for a Brexit deal, following an upbeat meeting between the British and Irish leaders that buoyed the pound.
Reuters   |   Fri, 11 Oct 2019 13:46:02

Govt signs £87m ferry contracts for no-deal medicine supply

The government has signed freight contracts worth £86.6m with four ferry companies to ship medicines in the event of a no-deal Brexit.
Sky   |   Fri, 11 Oct 2019 13:44:00

The pound is posting its biggest 2-day surge since since 2008 on Brexit deal hopes

The pound is surging after the EU agreed to enter Brexit "tunnel" negotiations with Boris Johnson, increasing the hopes of a deal. Earlier, Business Insider reported that Michel Barnier, the EU's chief negotiator, was given the go-ahead by member states to enter into detailed discussions with the UK government. The ...
Yusuf Khan / Business Insider   |   Fri, 11 Oct 2019 13:41:57

Going with the flow chart: Boris Johnson's Brexit mapped...again

FT's Robert Shrimsley and Miranda Green sketch the long drawn-out process of leaving the EU
FT   |   Fri, 11 Oct 2019 13:40:58

Friday's Stock Market Open: China Trade Talks, Brexit Negotiations Boost Stocks

Word that high-level U.S.-China trade talks were going well lifted stocks at the open Friday as traders also took heart in positive signals over a possible deal to smooth Britain's exit from the European Union. The Dow Jones Industrial Average opened sharply higher, up more than 300 points to 26,811. ...
IBTimes   |   Fri, 11 Oct 2019 13:33:10

UK: All about Brexit - Westpac

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FX Street   |   Fri, 11 Oct 2019 13:29:47

Hate crime surged during Brexit 'surrender' bill debates in parliament, police reveal

'The way things are said can be perceived as giving permission to people to act beyond the normal boundaries'
Lizzie Dearden / The Independent   |   Fri, 11 Oct 2019 13:16:00

Last-minute Brexit deal is no long-term answer

Britain needs to resolve Irish question if it wants a low-tax model and closer US ties
FT   |   Fri, 11 Oct 2019 13:06:55

GBP/USD technical analysis: Largest two-day advance since 2016 on Brexit optimism, off 1.2700 handle

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FX Street   |   Fri, 11 Oct 2019 13:00:45

Possible Brexit fix: keep Northern Ireland in UK customs but do checks in Irish sea - EU sources

The European Union's Brexit negotiator Michel Barnier told member states that Britain has changed its position to now accept that the proposed replacement to the backstop cannot erect a customs border on the island of Ireland, a diplomat and an official with the bloc said.
Reuters   |   Fri, 11 Oct 2019 12:59:32

Top Analyst Upgrades and Downgrades: Apple, Canopy Growth, CrowdStrike, Delta, J&J, Rio Tinto, Roku, Square, Tilray, Twilio and More

Stocks were indicated to open sharply higher on Brexit hopes and U.S./China trade hopes, and earnings season will kick off next week. The bull market is now well over 10 years old, and volatility has... AAPL CRWD DAL DECK FITB IHG JNJ PRGO RIO ROKU TEX TWLO Administrator
Jon C. Ogg / 24/7 Wall St.   |   Fri, 11 Oct 2019 12:50:18

Brexit: EU and UK agree to 'intensify' talks

EU chief negotiator Michel Barnier calls for ahead of a crucial Brussels summit next week.
BBC   |   Fri, 11 Oct 2019 12:48:36

France's Macron on possibility of Brexit deal: 'Let us wait for next few hours'

French President Emmanuel Macron hinted on Friday that the "next few hours" could be crucial regarding the possibility of a breakthrough on a Brexit deal.
Reuters   |   Fri, 11 Oct 2019 12:48:06

Michel Barnier recommends intensifying Brexit talks

The move follows a positive meeting between the British and Irish prime ministers on Thursday.
Jacopo Barigazzi / Politico   |   Fri, 11 Oct 2019 12:47:42

Brexit: Sterling surges on renewed hopes of a deal

The pound hits a three-month high, and UK-focussed shares soar, on optimism of a Brexit breakthrough.
BBC   |   Fri, 11 Oct 2019 12:43:33

EU, Britain to hold 'intense' negotiations on Brexit deal as departure date nears

The 27 countries staying in the European Union after Britain leaves gave the go-ahead on Friday for their chief negotiator to hold another round of intense and secret negotiations with London in a bid to secure a deal, two senior diplomatic sources said.
Reuters   |   Fri, 11 Oct 2019 12:41:28

Caption Contest (Irish Eyes are Smiling Edition)

The winner of today's caption contest will get their own copy of the Brexit Card Game. Entries in the comments... Last week's winner was Silly Calabrese with "At last, Rory had found a field he could stand out in." Email Guido for details on how to receive your book... The ...
Christian Calgie / Guy Fawkes' blog   |   Fri, 11 Oct 2019 12:30:06

US Open - Mini-Trade Deal Optimism, Oil surging on Iranian tanker attack, Brexit tunnel talks, Gold softens

Traders are waking up to green across the screen. Global indexes are all rising as trade optimism is high for a mini-deal, more likely a trade truce will be reached. This is a critical for the US-China trade war as investors are hoping we do not see a repeat outcome ...
Ed Moya / OANDA   |   Fri, 11 Oct 2019 12:21:21

Weekly Briefing: Johnson and Varadkar can see a "pathway to a deal" - but is it wide enough for the DUP?

In this week's briefing, Open Europe's Stephen Booth argues that whether a workable deal can be found rests, in large part, on the DUP's response to the UK's Brexit proposals. The post Weekly Briefing: Johnson and Varadkar can see a "pathway to a deal" - but is it wide enough ...
Stephen Booth / Open Europe   |   Fri, 11 Oct 2019 12:02:41

EU, British negotiators hold 'constructive' meeting on Brexit deal as departure date nears

The British and European Union chief Brexit negotiators held a meeting in Brussels on Friday, both sides said, as efforts to secure a deal by Britain's scheduled departure date of Oct. 31 intensified.
Reuters   |   Fri, 11 Oct 2019 11:39:50

EU and UK to go into more intense Brexit negotiations - diplomats

The 27 European Union countries staying on together after Brexit authorised their negotiator Michel Barnier on Friday to go into another round of intense and secret negotiations with Britain in a bid to get a deal, two senior diplomatic sources said.
Reuters   |   Fri, 11 Oct 2019 11:39:03

"Sea Of Green" As Trade Deal, Brexit Optimism Send Futures, World Markets Soaring

"Sea Of Green" As Trade Deal, Brexit Optimism Send Futures, World Markets Soaring So far, Friday has been a rerun of the Thursday session, where early "trade war" gloom turned to euphoria with the market convinced a mini trade deal between the US and China will be announced momentarily, just ...
Tyler Durden / Zero Hedge   |   Fri, 11 Oct 2019 11:38:32

Major boost for Boris Johnson as EU agrees to intensified 'tunnel' Brexit talks

Decision follows 'constructive' meeting between negotiators on Friday morning
Jon Stone / The Independent   |   Fri, 11 Oct 2019 11:34:00

Brexit: EU27 gives green light to Barnier for "tunnel negotiations" - The Guardian

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FX Street   |   Fri, 11 Oct 2019 11:27:37

Stocks bask in 'very good' trade talks, Brexit deal hopes

World shares on Friday basked in optimism over signs of a detente in the U.S.-China trade war and hopes that Britain was moving closer to a smooth exit from the European Union.
Reuters   |   Fri, 11 Oct 2019 11:26:59

European open - Trade talks, Brexit, oil, gold

Brexit and Trade Talks Buoy Investors We're enjoying a much more uplifting end to the week as traders see cause for optimism in the two painful negotiations that have gripped markets in recent years. Source - Thomson Reuters Eikon Let's be honest, expectations were remarkably low at the start of ...
Craig Erlam / OANDA   |   Fri, 11 Oct 2019 11:25:28

Brexit uncertainty drives 64% of Spaniards in the UK to apply for residency

Foreign affairs officials from both countries have met to discuss reciprocity and ensure equal rights for both communities after Britain leaves the EU
Lucía Abellán / EL PAÍS   |   Fri, 11 Oct 2019 11:25:07

Morning News: October 11, 2019

Brexit Hopes Rise as U.K. and EU Take a Step Closer to a Deal China's Resistance to a U.S. Investor Safeguard Riles Team Trump Mutual [...]
Eddy Elfenbein / Eddy Elfenbein   |   Fri, 11 Oct 2019 11:05:22

Brexit News Archive: 11 Oct 2019     |     enquire