Brexit News Archive: 23 Oct 2019

Boris Johnson faces growing Tory revolt over threat to hold General Election before Brexit - The Sun

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FX Street   |   Wed, 23 Oct 2019 21:21:10

Global stocks rise despite lackluster results; sterling creeps up as EU delays Brexit decision

World stock indexes climbed on Wednesday as investors brushed aside some earnings disappointments, while the British pound inched up as European Union leaders delayed a decision on whether to grant Britain a three-month Brexit extension.
Reuters   |   Wed, 23 Oct 2019 20:53:13

Brexit Britain braces for election while waiting for EU decision

Anxious wait drawing out in Britain's corridors of power as EU leaders set to decide whether to grant UK Brexit delay.
Al Jazeera   |   Wed, 23 Oct 2019 20:40:19

UK Brexit law timetable talks are ongoing - Labour source

Talks between the opposition Labour Party and whips from British Prime Minister Boris Johnson's Conservative Party on setting a timetable to pass Brexit legislation are ongoing, a Labour source said on Wednesday.
Reuters   |   Wed, 23 Oct 2019 20:39:58

Brexit, Brexit go away, come again another day

With Westminster still stuck, EU countries moved toward delaying the October 31 deadline for the UK's departure.
David M. Herszenhorn, Jacopo Barigazzi / Politico   |   Wed, 23 Oct 2019 19:28:58

Boris Johnson accused of 'refusing to be held to account' after pulling out of select committee appearance for third time

Labour Party chair brands prime minister a 'coward' while Lib Dem MP condemns 'unacceptable' refusal
Benjamin Kentish / The Independent   |   Wed, 23 Oct 2019 19:25:00

Labour split but says it will back poll if no-deal off the table

Opposition more likely to back election if lengthy extension to Brexit is agreed
FT   |   Wed, 23 Oct 2019 19:09:49

Tories split over pushing for election or Brexit

Defeat of timetable motion leaves party at loggerheads as EU considers delay
FT   |   Wed, 23 Oct 2019 19:08:45

Sterling edges up as EU considers Brexit request; stocks flat

World stock indexes were flat to lower on Wednesday with a disappointing forecast from Texas Instruments dragging down chipmaker shares, while the British pound inched up as European Union leaders consider London's request for a Brexit delay.
Reuters   |   Wed, 23 Oct 2019 19:04:17

'Utterly irresponsible' PM skips questioning by senior MPs

Boris Johnson has been branded "utterly irresponsible" after he announced he will skip being questioned by senior MPs in order to "focus on delivering Brexit".
Sky   |   Wed, 23 Oct 2019 18:55:00

EU keeps UK waiting on Brexit delay, Johnson gears for an election

EU member states on Wednesday delayed a decision on whether to grant Britain a three-month Brexit extension, while Prime Minister Boris Johnson said if the deadline is deferred to the end of January he would call an election by Christmas.
Reuters   |   Wed, 23 Oct 2019 18:22:52

EU Backs Brexit Delay As Johnson Eyes Election

European Union members backed a plan to postpone Brexit on Wednesday but have yet to agree on how much longer to give London to resolve its political crisis. Prime Minister Boris Johnson is struggling to persuade British MPs to quickly ratify the divorce accord he struck with EU leaders last ...
IBTimes   |   Wed, 23 Oct 2019 18:15:06

ATHEX: Banks index hits 14-month high, offsetting Brexit blues

The Brexit limbo that affected most eurozone stock markets on Wednesday was largely offset in Athens by optimism in the local credit sector and the continued decline of Greek bond yields.
Kathimerini   |   Wed, 23 Oct 2019 18:07:24

No EU decision yet on Brexit delay, three months looks likely - diplomats

Ambassadors of the 27 EU member states that will remain after Britain leaves the bloc made no decision on London's request for a Brexit delay at a meeting on Wednesday but will meet again to discuss the issue on Friday, three senior EU diplomats said.
Reuters   |   Wed, 23 Oct 2019 17:35:25

EU27 likely to agree to a three-month extension to Brexit - Reuters

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FX Street   |   Wed, 23 Oct 2019 17:33:24

Brexit delay will keep fog of uncertainty hanging over UK economy | Larry Elliott

Failure to find a way forward could result in a delayed budget, weaker pound and lower growth forecast Brexit uncertainty has been a drag on the economy. The International Monetary Fund thinks most of the damage it estimates will occur as a result of Britain's decision to leave the EU ...
Larry Elliott / Guardian   |   Wed, 23 Oct 2019 16:22:57

Brexit 50p: Millions of commemorative coins thrown into doubt as delay looms

Chancellor had pledged a tranche of new 50p pieces to mark the UK's anticipated departure from the EU on 31 October
Ashley Cowburn, Lizzy Buchan / The Independent   |   Wed, 23 Oct 2019 15:42:00

Explainer: What next for Brexit after UK parliament rejects Johnson's timetable?

The British parliament rejected Prime Minister Boris Johnson's attempt to fast-track a Brexit law through parliament, making a delay beyond the Oct. 31 exit date almost inevitable, and casting the entire EU divorce into doubt.
Reuters   |   Wed, 23 Oct 2019 15:33:08

Sterling steadies as EU considers Brexit request; stocks inch up

World stock indexes edged up on Wednesday, with the S&P 500 boosted by gains in shares of Apple that offset Texas Instruments' disappointing forecast, and the British pound steadied as European Union leaders consider London's request for a Brexit delay.
Reuters   |   Wed, 23 Oct 2019 15:27:29

November's budget could be postponed if MPs fail to pass Brexit deal in next week

November's budget could be postponed if the House of Commons fails to ratify Boris Johnson's Brexit deal within the next week.
Andrew Woodcock / The Independent   |   Wed, 23 Oct 2019 14:50:00

EU considers Brexit delay; Johnson says that would lead to election

EU leaders considered on Wednesday whether to give Britain a three-month Brexit extension, and Prime Minister Boris Johnson said that if they do so he would call an election by Christmas.
Reuters   |   Wed, 23 Oct 2019 14:09:19

Tusk seeks EU consensus on fresh Brexit delay

European Council president speaks to German and Irish leaders about January 31 extension
FT   |   Wed, 23 Oct 2019 14:08:03

Union Cabinet Press conference HIGHLIGHTS: Govt hikes MSP for rabi crops; mulls BSNL, MTNL merger

Union Cabinet Press Conference HIGHLIGHTS: In a major announcement for farmers ahead of Diwali, the government on Wednesday hiked the minimum support price (MSP) of rabi or winter crops. The government is also mulling a merger of BSNL, MTNL as a part of the revival plan.
FE Online / Financial Express   |   Wed, 23 Oct 2019 13:53:12

Brexit extension likely to be flexible - Irish foreign minister

Ireland's foreign minister said he thinks Britain will be offered a flexible extension that could trigger Brexit well ahead of the new deadline but that the views of all EU member states were first needed.
Reuters   |   Wed, 23 Oct 2019 13:43:30

Boris Johnson news - live: Bid for pre-Christmas election gathers support, as PM holds surprise Brexit meeting with Corbyn

Boris Johnson has been forced to "pause" his Brexit deal legislation after MPs rejected his plans to fast-track his withdrawal agreement bill through the Commons before his "do or die" 31 October deadline.
Adam Forrest, Ashley Cowburn / The Independent   |   Wed, 23 Oct 2019 13:20:00

UK Labour says election stance will depend on EU Brexit offer

Britain's opposition Labour Party will look at the detail of any Brexit delay to be certain the risk of a no-deal exit has been removed before it decides whether to back an early general election, a spokesman for the party said on Wednesday.
Reuters   |   Wed, 23 Oct 2019 13:16:08

Boris Johnson rejects case for Brexit extension

However, European Council President Donald Tusk says he will recommend EU leaders approve a delay.
Eleni Courea / Politico   |   Wed, 23 Oct 2019 13:14:49

Boris Johnson ready to push for pre-Christmas election after talks with Labour collapse

Downing Street warns that parliament will use any Brexit extension offered by the EU to impose more delay
Andrew Woodcock / The Independent   |   Wed, 23 Oct 2019 13:08:00

The Brexit ball is in Labour's court

What happens next is down to Jeremy Corbyn
FT   |   Wed, 23 Oct 2019 13:04:08

UK PM Johnson tells Tusk he does not want a Brexit delay

British Prime Minister Boris Johnson told European Council President Donald Tusk on Wednesday he did not want another Brexit delay, confident he could still get a deal through parliament by Oct 31. Asked whether the PM thought he could get a deal passed by Oct. 31, his spokesman said: "That ...
Times of India   |   Wed, 23 Oct 2019 12:55:27

Hard Brexit an opportunity to Indian IT companies: Expert

British Prime Minister Boris Johnson on Tuesday "paused" his Brexit Bill for leaving the European Union (EU) by the October 31 deadline
PTI / Financial Express   |   Wed, 23 Oct 2019 12:50:52

PM Johnson tells Tusk he does not want a Brexit delay

British Prime Minister Boris Johnson told European Council President Donald Tusk on Wednesday he did not want another Brexit delay, confident he could still get a deal through parliament by Oct. 31, his political spokesman said.
Reuters   |   Wed, 23 Oct 2019 12:47:50

EU leaders may meet on Friday if no Brexit extension consensus - Irish PM

European Union leaders may need to meet as soon as Friday if they cannot agree through contacts with chairman Donald Tusk on the terms of a potential Brexit extension, Irish Prime Minister Leo Varadkar said on Wednesday.
Reuters   |   Wed, 23 Oct 2019 12:46:03

EU's Tusk tells Johnson on phone call why he recommending Brexit extension

European Council President Donald Tusk said on Wednesday that he explained to British Prime Minister Boris Johnson on a call why he was recommending that leaders of the EU's 27 other member states accept his request for a Brexit deadline extension.
Reuters   |   Wed, 23 Oct 2019 12:27:56

An election may be the only way out of the Brexit impasse

CNN   |   Wed, 23 Oct 2019 12:27:37

Germany will not oppose Brexit extension - Merkel spokesman

Germany will not oppose any proposal by the European Union to grant Britain an extension to leave the bloc beyond its Oct. 31 deadline, a spokesman for Chancellor Angela Merkel said on Wednesday.
Reuters   |   Wed, 23 Oct 2019 12:23:39

Brexit breakthrough tames bearish bets on sterling

Market measures of inflation expectations take a tumble
FT   |   Wed, 23 Oct 2019 12:07:12

This may be only way out of Brexit impasse

It's 3 a.m. and you're wide awake for the second night in a row. You get up and stumble to the kitchen for some warm milk mom swears will put you to sleep.
CNN   |   Wed, 23 Oct 2019 12:05:01

EU Debates Brexit Delay As Johnson Eyes Election

European leaders were deciding whether to postpone Brexit and for how long Wednesday, while Prime Minister Boris Johnson's eyes turned towards a snap general election. In tense parliamentary votes on Tuesday, Johnson won preliminary backing for the divorce deal he agreed with the EU, which would have seen Britain leave ...
IBTimes   |   Wed, 23 Oct 2019 12:03:09

Brexit: Can a no-deal still happen?

The prime minister has sent the EU a Brexit extension request - but could no deal still happen?
BBC   |   Wed, 23 Oct 2019 11:58:02

PM Johnson calls on Corbyn to explain how he will get Brexit done

British Prime Minister Boris Johnson called on opposition Labour leader Jeremy Corbyn on Wednesday to explain how he would get Brexit done, repeating his disappointment that parliament had rejected his timetable while voting in favour of his deal.
Reuters   |   Wed, 23 Oct 2019 11:46:07

Brexit ball back in EU court, offer of three-month delay likely

EU leaders will consider Britain's request for a Brexit delay on Wednesday, and are likely to move quickly to extend the Oct. 31 deadline, with officials expecting a three month postponement that could be cut short if Britain passes legislation sooner.
Reuters   |   Wed, 23 Oct 2019 11:40:22

After PM meeting, UK Conservative source says Labour's Corbyn just wants Brexit delay

British Labour leader Jeremy Corbyn "made clear he has no policy except more delays", a Conservative Party source said on Wednesday, describing a meeting between the opposition leader and Prime Minister Boris Johnson.
Reuters   |   Wed, 23 Oct 2019 11:39:42

Shares sapped by tech problems and Brexit snags

World stock markets struggled on Wednesday, as hopes faded that a Brexit deal would be wrapped by next week and a profit warning from Texas Instruments pulled down technology shares.
Reuters   |   Wed, 23 Oct 2019 11:28:51

Leo Varadkar supports Brexit extension to January 31

UK can leave sooner if parliament ratifies the Brexit deal, Irish PM says.
Eleni Courea / Politico   |   Wed, 23 Oct 2019 11:27:50

Nicola Sturgeon hints SNP could vote with Boris Johnson for a general election 'before Christmas'

Scottish first minister says UK should go to polls when Article 50 extension 'nailed down' - piling pressure on Labour to do the same
Rob Merrick / The Independent   |   Wed, 23 Oct 2019 11:24:00

Boris Johnson flirts with calling UK snap election

ANALYSIS: Johnson wants Brexit done by Halloween. It's going to be a nightmare
CNN   |   Wed, 23 Oct 2019 11:19:51

Pound Firms Awaiting Brexit Extension Date

The pound firmed against the dollar and euro on Wednesday as the European Union prepared to grant a further delay to Brexit, averting the prospect of Britain departing the bloc next week without a deal. The prospect of another delay had initially hit sterling, which briefly dropped as low as ...
IBTimes   |   Wed, 23 Oct 2019 11:12:39

What deadline defeat means for Boris Johnson's Brexit

FT's Sebastian Payne on the challenges faced by the UK prime minister to get his deal over the line
FT   |   Wed, 23 Oct 2019 11:06:27

Daily Digest 10/21 - Civil Unrest Erupting Around The World, Can We Still Dodge the Progress Trap?

Four dead in Bangladesh riot over offensive Facebook post Civil Unrest Is Erupting All Over The World, But Just Wait Until America Joins The Party Lebanon's Hariri agrees to reforms amid nationwide protests over economic crisis Boris Johnson faces frenzied week as Brexit deadline nears Unprecedented: The Trump NLRB's attack ...
Daily Digest / Peak Prosperity   |   Mon, 21 Oct 2019 16:35:02

Brexit Mania

I admit I started to tune it out because I got a bit sick of following all the ups and downs. Let me know when it's over!*Boris Johnson has been denied the opportunity to hold a second vote on his Brexit deal in the House of Commons after the Speaker, ...
Atrios / Eschaton   |   Mon, 21 Oct 2019 15:59:00

Petróleo Sube con Esperanzas de Brexit y Tratado EU-China (video)

El analista senior para America Latina de OANDA Alfonso Esparza expone las razones del alza del petróleo en la semana. El optimismo en el mercado de que un Brexit duro no se haga presente y que China y Estados Unidos lleguen a un acuerdo en el mediano plazo ha limitado ...
Alfonso Esparza / OANDA   |   Mon, 21 Oct 2019 15:54:02

Lord King: Brexit is no big deal

Merv loses his nerve.
FT Alphaville   |   Mon, 21 Oct 2019 15:52:58

Boris Johnson Presses Ahead with Brexit

Washington Post: "As it did on Super Saturday, the British government will try, once again, to hold a 'meaningful vote' on Monday in Parliament on the withdrawal agreement that Johnson successfully negotiated with his European counterparts last week. Britain is scheduled to leave the E.U. on Oct. 31, in just ...
Taegan Goddard / Taegan Goddard   |   Mon, 21 Oct 2019 15:45:39

Johnson Tries to Throw UK Under Bus; Parliament Balks-for Now

Rachel Shabi The hope for those who oppose his awful Brexit deal is that the number of supporters will collapse once the legislation comes into contact with reality. The post Johnson Tries to Throw UK Under Bus; Parliament Balks-for Now appeared first on The Nation .
Rachel Shabi / The Nation   |   Mon, 21 Oct 2019 15:40:46

Oil Higher on Brexit and Trade War Hope (video)

OANDA Senior Market Analyst Alfonso Esparza discusses oil prices and the resilience of crude even as US inventories rose last week.
Alfonso Esparza / OANDA   |   Mon, 21 Oct 2019 15:39:29

Geopolitical Landscape Could Cause Bond Market Volume to Drop

It's certainly been the summer of bonds after the equities markets spooked investors into safer haven assets like government debt. The holidays are right around the corner and some analysts are forecasting that market volume in bonds could drop given the current geopolitical landscape. With global events like Brexit and ...
Ben Hernandez / ETF Trends   |   Mon, 21 Oct 2019 15:06:07

UK Parliament Speaker Bercow Blocks New Vote On Johnson's Brexit Deal

UK Parliament Speaker Bercow Blocks New Vote On Johnson's Brexit Deal With cable reversing all weekend losses, and spiking overnight on that a Brexit vote could be held as soon as today, moments ago House of Commons speaker John Bercow blocked the government's bid to hold a meaningful vote, thwarting ...
Tyler Durden / Zero Hedge   |   Mon, 21 Oct 2019 14:55:34

Bercow Blocks Boris Bringing Back Brexit Vote

John Bercow has Boris cannot try holding a meaningful vote on his deal, despite MPs explicitly withholding opinion on the deal on Saturday by passing the Letwin Amendment. No one was expecting a fair ruling from Bercow though... The Government will, therefore, have to push on with the far trickier ...
Christian Calgie / Guy Fawkes' blog   |   Mon, 21 Oct 2019 14:35:33

The State Of Markets

The State Of Markets Authored by Sven Henrich via NorthmanTrader.com, No new highs, no new lows, lots of chop and still no decisions on anything. New highs or not, trade deal or not, hard Brexit or not, the list goes on and on. Bulls remain undeterred and confident that an ...
Tyler Durden / Zero Hedge   |   Mon, 21 Oct 2019 13:54:40

Scottish Judges Wait to Decide Whether Johnson Met Benn Act

(Bloomberg) - Scottish judges held off on ruling on a case brought by opponents of a no-deal Brexit to ensure that British Prime Minister Boris Johnson complies with a law requiring he reach an agreement...
sellputs / Hedge Accordingly   |   Mon, 21 Oct 2019 13:47:04

Links 22 October 2019

Global Macro / Markets / Investing: US Federal Reserve starts "quantitative easing forever" - WSWS Saudi Arabia's Best Bet Is to Crash the Price of Oil - Bloomberg Brexit Deal Failure Will Rattle Markets ... - Stock Market News Global economy: 'we must do everything possible' to avoid global 'fracture' ...
Unconventional Economist / MacroBusiness   |   Mon, 21 Oct 2019 13:01:26

Guido Fawkes - "support for Boris' deal" - REALLY?

Parliamentary gossip broker Paul Staines aka "Guido Fawkes" confidently transmits this news:... Nigel's continuing opposition for opposition's sake, it seems his usually loyal followers are abandoning him in favour of Boris's new deal. Last man in the bunker... "A new Survation poll out this morning shows 67% of Brexit Party ...
Unknown / Bearwatch   |   Mon, 21 Oct 2019 12:48:00

DUP Opposition to Boris' Deal Making English Less Likely to Support the Union

New Polling commissioned by Global Britain has shown that if the DUP continue to not support Boris's deal, English voters will be significantly less likely to support Northern Ireland staying in the UK. If the Brexit process is delayed again, the DUP will be losing English good will to keep ...
Tom Harwood / Guy Fawkes' blog   |   Mon, 21 Oct 2019 12:30:37

US Futures Rally As Trade Deal, Brexit Optimism Return Despite Prevailing Chaos

US Futures Rally As Trade Deal, Brexit Optimism Return Despite Prevailing Chaos One day after US stocks ended last week on the back foot amid growing uncertainty over Brexit, the ongoing trade talks on "Phase one" deal between the US and China and signals of a global slowdown, world stocks ...
Tyler Durden / Zero Hedge   |   Mon, 21 Oct 2019 11:37:57

10 things you need to know before the opening bell

Here is what you need to know. 1. The EU is preparing to delay Brexit until 2020 and British lawmakers are plotting to scupper Boris Johnson's deal. MPs are planning to push for a second referendum and attach a customs union to the prime minister's Brexit deal. 2. China's growth ...
Yusuf Khan / Money Game   |   Mon, 21 Oct 2019 11:14:00

Pound Rallies As Johnson Pushes For Monday Vote On Brexit Deal

Pound Rallies As Johnson Pushes For Monday Vote On Brexit Deal After MPs voted on Saturday to delay a vote on Boris Johnson's Brexit deal, forcing Johnson to ask the EU for another delay, the PM is preparing to try again on Monday and put the deal to another vote ...
Tyler Durden / Zero Hedge   |   Mon, 21 Oct 2019 10:46:00

US Open - Stocks, Johnson's Brexit Push, Oil, Gold

US stocks are poised to have a lackluster open as stocks inch higher in the pre-market. Earnings results will pick up tomorrow and with no major economic data releases, markets will focus on any incremental trade update, Brexit progress, and geopolitical risks. Brexit Time is running out to get a ...
Ed Moya / OANDA   |   Mon, 21 Oct 2019 10:22:56

Brexit Party Supporters Back the Deal

Despite Nigel's continuing opposition for opposition's sake, it seems his usually loyal followers are abandoning him in favour of Boris's new deal. Last man in the bunker... A new Survation poll out this morning shows 67% of Brexit Party voters want the Commons to pass the deal, a little behind ...
Christian Calgie / Guy Fawkes' blog   |   Mon, 21 Oct 2019 09:19:46

European open - Brexit, gold, oil

Sterling slips on Brexit delay European markets are a mixed bag at the start of trade on Monday as the Brexit saga drags on, weighing a little on the currency. Source - Thomson Reuters Eikon We saw strong gains in the pound last week in anticipation of a Brexit deal ...
Craig Erlam / OANDA   |   Mon, 21 Oct 2019 08:37:29

Brexit: Time Is of the Essence

Why Johnson's Brexit may be in more trouble than it seems.
Yves Smith / Naked Capitalism   |   Mon, 21 Oct 2019 08:25:47

Brexit News Archive: 23 Oct 2019     |     enquire