Brexit News Archive: 20 Oct 2019

Pound slips in early trading after delay on Brexit vote

Most big banks in London have called in extra staff to react to a potentially volatile trading session.
BBC   |   Sun, 20 Oct 2019 21:57:04

GBP/USD on the back foot amid waning optimism over Brexit

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FX Street   |   Sun, 20 Oct 2019 21:56:42

GBP/JPY: Under pressure as Brexit doubts increase after UK's special Parliament session

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FX Street   |   Sun, 20 Oct 2019 21:33:37

EUR/GBP spikes in the open as Brexit Super Saturday fails to impress

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FX Street   |   Sun, 20 Oct 2019 21:27:50

Scottish court asked to delay ruling on Johnson's Brexit extension request

Anti-Brexit campaigners said they would ask a Scottish court on Monday to delay its ruling on a legal challenge that sought to force Prime Minister Boris Johnson to comply with a law requiring him to request a delay to Brexit.
Reuters   |   Sun, 20 Oct 2019 21:17:46

Macro Morning

By Chris Becker Friday night saw Wall Street lose further ground as the Brexit delay deal took over volatility on currency markets, sending the USD down against all the majors, except gold. Oil prices failed to reinforce the previous breakout with a big lift in inventories while renewed focus on ...
Chris Becker / MacroBusiness   |   Sun, 20 Oct 2019 21:00:34

Exclusive: Ireland's Orange Order discourages protests over Brexit deal

The head of Northern Ireland's influential Orange Order said on Sunday unionists in the province should avoid staging violent protests over British Prime Minister Boris Johnson's Brexit deal despite feeling that they had been let down.
Reuters   |   Sun, 20 Oct 2019 20:42:21

Labour set to whip MPs to back a Final Say referendum in 'significant' step towards public vote

Boris Johnson to make a second attempt to win MPs' approval for his Brexit deal in the House of Commons
Andrew Woodcock / The Independent   |   Sun, 20 Oct 2019 20:29:16

Brexit stumble slightly dents pound's euphoria as trading resumes

Sterling slipped half a percent as world currency markets opened for the first time since the UK parliament delayed a crucial vote on a Brexit withdrawal agreement.
Reuters   |   Sun, 20 Oct 2019 20:05:19

There is no good reason to delay Brexit - Hancock

Health minister Matt Hancock said on Sunday that there was no good reason to delay Britain's exit from the European Union and the country would leave the bloc as scheduled on Oct. 31.
Reuters   |   Sun, 20 Oct 2019 20:02:31

Pound Opens 0.4% Lower With EU Set To Grant 3-Month Brexit Extension; Goldman Says BTFD

Pound Opens 0.4% Lower With EU Set To Grant 3-Month Brexit Extension; Goldman Says BTFD After a tumultuous, historic Saturday session in parliament, which saw UK lawmakers vote to delay Brexit once again, and culminated with PM Boris Johnson sending a bunch of letters to Brussels minutes before the deadline, ...
Tyler Durden / Zero Hedge   |   Sun, 20 Oct 2019 19:50:22

Northern Ireland's Orange Order discourages protests over Brexit deal

The head of Northern Ireland's influential Orange Order said on Sunday he did not want to see violent street protests by unionists in the province against British Prime Minister Boris Johnson's Brexit deal, despite feelings that they had been let down.
Reuters   |   Sun, 20 Oct 2019 19:30:24

Parliament poised for feverish Brexit week: Five things to know

Despite being snubbed by MPs, Johnson believes he has enough support to push new deal through. What might happen next?
Al Jazeera   |   Sun, 20 Oct 2019 19:19:44

Brexit: More than 200,000 sign letter demanding Final Say referendum in less than 48 hours

More than 200,000 people have signed a letter within the past 48 hours demanding a Final Say referendum on Brexit.
Zamira Rahim / The Independent   |   Sun, 20 Oct 2019 18:52:00

Goldman Sachs lowers 'no deal' Brexit probability to 5% from 10%

Goldman Sachs said on Sunday that it lowered the probability of a no-deal Brexit to 5% from 10% after the British parliament withheld its approval until formal ratification legislation is passed.
Reuters   |   Sun, 20 Oct 2019 18:40:21

EU will delay Brexit until February if Johnson fails to ratify deal this week - The Sunday Times

The Sunday Times has reported that the European Union will delay Brexit until February 2020 if Prime Minister Boris Johnson is unable to get his deal past parliament this week.
Reuters   |   Sun, 20 Oct 2019 18:26:25

Brexit date downplayed in government advertising shift

The government changes the wording on its Get Ready for Brexit website after Saturday's vote.
BBC   |   Sun, 20 Oct 2019 18:24:01

Labour to try and add new referendum to Brexit deal

Keir Starmer also promises Commons amendment to keep UK in EU customs union
FT   |   Sun, 20 Oct 2019 17:52:44

Brexit: Johnson 'has the numbers' in Commons to pass deal, says Raab

The government insists it will still meet the 31 October deadline, despite sending a letter asking for an extension.
BBC   |   Sun, 20 Oct 2019 17:36:16

The Guardian view on deadlock in parliament: still time to thwart Johnson's reckless deal | Editorial

'Brexit fatigue' is no reason to back a vision of Britain which fulfils the ambitions of the radical right In the lead-up to parliament's historic Saturday sitting, the airwaves resounded to Conservative cries of "get this done", "let's move on" and "lift this cloud". The Tory hope was that understandable ...
Editorial / Guardian   |   Sun, 20 Oct 2019 17:30:03

UK delays imposing new import rules for EU wine

Red tape still set to take effect after Brexit transition period
FT   |   Sun, 20 Oct 2019 17:24:52

EU leaders react with frustration to Brexit decision delay

Diplomats say decision on whether to grant extension unlikely to be rushed
FT   |   Sun, 20 Oct 2019 17:09:20

Brexit High Drama

Before Prime Minister Johnson submitted the withdrawal bill that he had negotiated with the EU, a Tory-backed bill to not consider it until the implementation bill is approved, carried by a 322-306 margin. The disgruntled Democrat Unionist Party's 10 votes made the difference, but there were also 10 independent Conservative ...
Marc Chandler / Marc to Market   |   Sun, 20 Oct 2019 16:41:12

London Adamant On Brexit Deadline, Despite Delay Request

A defiant British government doubled down Sunday, insisting it would leave the European Union in 11 days' time despite parliament forcing a reluctant prime minister to request another delay.
IBTimes   |   Sun, 20 Oct 2019 16:32:42

Boris Johnson's three letters to Brussels: what do they mean for Brexit?

Prime minister Boris Johnson has failed to get his Brexit withdrawal agreement approved by the British parliament after a special weekend sitting. Instead of voting on the deal, MPs backed an amendment that buys a little more time. But Johnson has defied their wishes by sending one letter to the ...
Amelia Hadfield, Head of Department of Politics, University of Surrey / The Conversation   |   Sun, 20 Oct 2019 16:15:16

The Window for Brexit May Already Have Closed

The British people have changed their mind about Brexit. Beginning in the summer of 2017, and accelerating in the summer of 2018 by an ever wider margin, British people have told pollsters that they voted wrong in the Brexit referendum of June 2016. Over that same period, however, Britain's Conservative ...
David Frum / The Atlantic   |   Sun, 20 Oct 2019 16:14:51

Brexit deal shakes Northern Irish unionists

Times of India   |   Sun, 20 Oct 2019 16:09:24

Brexit stumble to dent euphoric pound but bulk of gains to hold

Britain's latest Brexit stumble is likely to prompt a pullback in sterling's recent rally when trading resumes later on Sunday, though strategists say rising confidence that a disorderly European Union exit will be avoided should limit any sell-off.
Reuters   |   Sun, 20 Oct 2019 15:56:16

Can Johnson get Brexit done after latest defeat?

PM will this week ask Commons to approve paving legislation for UK departure
FT   |   Sun, 20 Oct 2019 15:50:02

Investors brace for sterling volatility

Markets 'none the wiser' about Brexit deal or timing
FT   |   Sun, 20 Oct 2019 15:32:53

Brussels believes it is time to move on with Brexit

EU leaders want to minimise disruption and concentrate on other pressing issues
FT   |   Sun, 20 Oct 2019 15:08:49

Boris Johnson news: PM 'behaving like a spoilt brat' after deal derailed as Micheal Gove insists UK will leave EU on 31 October

Follow the updates from Westminster and beyond
Peter Stubley, Eleanor Busby / The Independent   |   Sun, 20 Oct 2019 15:07:00

The CBI was caught red-handed with a cheap anti-Labour stunt

The bosses' lobby may well be scared of Jeremy Corbyn's party but Labour needs more detail on nationalisation In the middle of the political storm over Brexit, last week's row between Labour and the Confederation of British Industry came as a distraction. While the big issue of the country's future ...
Guardian Staff / Guardian   |   Sun, 20 Oct 2019 15:03:52

Canadian elections, Brexit, ECB meeting

Start every week on the front foot with a preview of what's on the global agenda
FT   |   Sun, 20 Oct 2019 14:07:25

'Trick Or Treat?'

Trick: Let Us Not Forget That Boris Johnson Attempted To Prorogue the UK Parliament! Phew, what a couple of months. But wait, the political drama continues at home in Brexitland in the coming months. As I was writing this blog, the British MPs were debating the UK Prime Minister Boris ...
gulayicoz / Ideas on Europe   |   Sun, 20 Oct 2019 13:32:05

'Brexit uncertainty is harming my business'

Rob Tanner is one of a number of small business owners who say the political stalemate is damaging.
BBC   |   Sun, 20 Oct 2019 12:31:26

Britain insists it has the ‘means and ability’ to make Brexit happen on time, despite delay request

A defiant British government doubled down on Sunday, insisting it would leave the European Union in 11 days’ time despite parliament forcing a reluctant prime minister to request another delay.In a day of high drama on Saturday, MPs in the House of Commons passed up the chance to decide on ...
Agence France-Presse / South China Morning Post   |   Sun, 20 Oct 2019 12:20:07

Brexit: What happens next after UK PM Boris Johnson writes delay letter to EU?

Boris Johnson was required by law to send the first letter, after parliament voted on Saturday to withhold its approval of his Brexit deal until it has passed legislation to formally ratify the agreement.
Reuters / Financial Express   |   Sun, 20 Oct 2019 12:04:21

Europe's papers weigh prospects for Brexit deal

Papers agree: 'Just when you think it cannot get any crazier...'
BBC   |   Sun, 20 Oct 2019 11:35:32

Explainer: What happens next after UK PM Johnson writes Brexit delay letter?

Prime Minister Boris Johnson has sent an unsigned letter to the European Union requesting a delay to Britain's exit from the bloc, as well as a second note saying he did not want a "deeply corrosive" Brexit extension.
Reuters   |   Sun, 20 Oct 2019 11:24:53