Brexit News Archive: 28 Oct 2019

GBP/USD awaits Brexit developments on key data week ahead

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FX Street   |   Mon, 28 Oct 2019 22:48:16

US Stocks Up On China Talks Optimism, S&P Hits New Record

Wall Street surged Monday on renewed optmism about US-China trade talks, with the S&P 500 hitting a new record, while the pound firmed against the dollar after the EU backed an extension on Brexit. Wall Street investors also were buoyed by expectations that the Federal Reserve will proceed with another ...
IBTimes   |   Mon, 28 Oct 2019 21:59:44

Commemorative Brexit coins to be destroyed after delay

Commemorative coins minted to mark Britain's departure from the EU are being melted down, the Treasury has admitted.
Sky   |   Mon, 28 Oct 2019 21:57:00

Boris Johnson news - live: PM tries different route to get December general election after MPs vote against initial bid

Follow all the latest developments
Adam Forrest, Ashley Cowburn, Vincent Wood / The Independent   |   Mon, 28 Oct 2019 21:00:00

Boris Johnson suffers another defeat after MPs strike down bid for an early election

U.K. Prime Minister Boris Johnson is in the loss column again. On the same day Johnson begrudgingly accepted the European Union's offer of extending the Brexit deadline until Jan. 31, 2020, MPs voted down the prime minister's bid to hold early general elections. While Johnson publicly said nobody the idea ...
The Week   |   Mon, 28 Oct 2019 20:38:00

Johnson raises stakes in fresh election gambit

PM aims for December 12 vote that would put Brexit deal on ice
FT   |   Mon, 28 Oct 2019 20:10:04

Boris Johnson loses bid for December 12 snap election, but vows to end Brexit

British lawmakers on Monday blocked an attempt by Prime Minister Boris Johnson to hold an early general election on December 12, as he sought to break the political deadlock over Brexit.A total of 299 members of parliament voted in support of his proposal, with 70 against, but he did not ...
Agence France-Presse / South China Morning Post   |   Mon, 28 Oct 2019 20:09:14

EU agrees Brexit delay as British parliament blocks December election

The European Union agreed to a Brexit delay of up to three months on Monday, as Prime Minister Boris Johnson said he would push on with his bid to end Britain's political paralysis with an election on Dec. 12.
Reuters   |   Mon, 28 Oct 2019 20:08:50

British PM Loses Election Bid After EU Backs Brexit Delay

British MPs on Monday defeated yet another attempt by Prime Minister Boris Johnson to force an early election, just hours after the European Union agreed to postpone Brexit for up to three months.
IBTimes   |   Mon, 28 Oct 2019 20:05:29

Brexit Update: Boris Johnson Loses Bid To Call Elections For 3rd Time

Brexit's fate again hung in the balance Monday as British lawmakers rejected Prime Minister Boris Johnson's effort to call a general election for Dec. 12 for the third time and the European Union extended its deadline for what is being called the final time.
IBTimes   |   Mon, 28 Oct 2019 20:02:25

Jeremy Corbyn accuses Boris Johnson of breaking his promise by still being alive

Boris Johnson has not died in a ditch. That, for Jeremy Corbyn is 'another broken promise'
Tom Peck / The Independent   |   Mon, 28 Oct 2019 20:02:00

Did Queen Elizabeth’s ‘EU hat’ carry coded Brexit message? Dresser Angela Kelly explains choice of outfit

Queen Elizabeth’s wardrobe is often interpreted as relaying coded messages from a monarch constitutionally bound to remain mute on political issues of the day.So when she wore a bold blue hat with yellow flowers bearing an uncanny resemblance to the EU flag during the state opening of parliament in 2017, ...
The Guardian / South China Morning Post   |   Mon, 28 Oct 2019 19:43:42

Brexit: What happens now?

The Brexit date is set to be delayed until 31 January 2020, but will a deal be passed by then?
BBC   |   Mon, 28 Oct 2019 19:29:15

Brexit: Government 'pauses' £100m 31 October ad campaign

Labour accuses the PM of wasting public money on campaign telling people to prepare for 31 October Brexit.
BBC   |   Mon, 28 Oct 2019 19:13:25

EU agrees Brexit delay as British parliament blocks December 12 election

The European Union agreed a three-month flexible Brexit delay on Monday but the British parliament rejected Prime Minister Boris Johnson's bid to end the political paralysis with a Dec. 12 election.
Reuters   |   Mon, 28 Oct 2019 19:11:29

Johnson says government will move bill for December 12 election

British Prime Minister Boris Johnson said on Monday his government would present a bill to parliament to hold an election on Dec. 12, saying it was time to "get Brexit done".
Reuters   |   Mon, 28 Oct 2019 19:10:43

... but immediately vows to pursue the same date by a different procedure

Boris Johnson's list of losses is getting longer.
CNN   |   Mon, 28 Oct 2019 19:07:21

Business groups warn against fresh Brexit delays

Company investment plans on hold and retailers warn against December election
FT   |   Mon, 28 Oct 2019 19:05:54

Boris Johnson announces government will push legislation to allow general election in December

Plan announced after prime minister falls short for third time of two-thirds majority required to secure early poll
Andrew Woodcock / The Independent   |   Mon, 28 Oct 2019 19:05:00

Brexit is now hostage to electoral calculations

It would be naive to think any party is indifferent to a vote, but the degrees of enthusiasm tell us a lot
FT   |   Mon, 28 Oct 2019 19:04:06

Brexit: More than 400,000 people sign letter demanding Final Say referendum

'Allow us to check whether we want to proceed with this Brexit', letter demands
Benjamin Kentish / The Independent   |   Mon, 28 Oct 2019 18:56:00

EU approves Brexit delay until January 31 as PM Johnson pursues election

The European Union on Monday agreed to a potential three-month Brexit delay that Prime Minister Boris Johnson had vowed never to request, as Johnson sought a snap election to secure a majority capable of passing his divorce deal.
Reuters   |   Mon, 28 Oct 2019 18:34:33

Northern Ireland's DUP will not vote for early election

Northern Ireland's Democratic Unionist Party, which is allied to Prime Minister Boris Johnson's Conservatives, will not back the government's call on Monday for an early election, the party's Brexit spokesman Sammy Wilson said.
Reuters   |   Mon, 28 Oct 2019 18:34:05

How Brexit splits tore apart the People's Vote campaign

Conflicts over whether to campaign for Remain or focus on second referendum leave group in disarray
FT   |   Mon, 28 Oct 2019 18:26:30

EUR/JPY bulls extending the upside towards the 200-HMA, eyes on Brexit and corporate earnings

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FX Street   |   Mon, 28 Oct 2019 18:02:25

Johnson: I will campaign for my Brexit deal in any election

British Prime Minister Boris Johnson will campaign for his Brexit deal if he succeeds in his push for an election after being forced to request an extension to the date of Britain's exit from the European Union.
Reuters   |   Mon, 28 Oct 2019 17:57:16

EU confirms Johnson approved Jan.31 Brexit delay, 24-hour countdown begins

British Prime Minister Boris Johnson informed the European Union that he was accepting Brexit delay until Jan. 31, meaning the bloc would now start a 24-hour countdown process to formally approve the new date for divorce, a spokesman for the bloc said.
Reuters   |   Mon, 28 Oct 2019 17:35:20

PM Johnson accepts EU's Brexit delay - letter

British Prime Minister Boris Johnson on Monday confirmed to the European Union his formal acceptance of a Brexit delay but asked the bloc to make clear that there could be no further extension to the divorce beyond Jan. 31.
Reuters   |   Mon, 28 Oct 2019 17:28:51

'Spot the fakes': British political journalism faces a reckoning

As Britain's Brexit crisis morphs into election fever, the country's political journalists are taking friendly fire for reporting anonymous briefings by government sources who critics say are misleading the public.
CNN   |   Mon, 28 Oct 2019 16:11:17

EU approves Brexit delay until Jan. 31 as PM Johnson pursues election

The European Union agreed a three-month flexible delay on Monday to Britain's exit from the bloc as Prime Minister Boris Johnson pushes for an election after opponents forced him to request an extension he had vowed never to ask for.
Reuters   |   Mon, 28 Oct 2019 15:33:36

Here's what you need to know about Brexit

CNN correspondents go back to basics to guide you through everything you need to know about the divorce between the EU and the UK.
CNN   |   Mon, 28 Oct 2019 15:16:17

How the wheels came off the second Brexit vote bandwagon

Many of the strongest advocates for a second referendum now accept it can't happen in this parliament.
Eleni Courea, Emilio Casalicchio / Politico   |   Mon, 28 Oct 2019 15:00:03

Factbox: How does PM Johnson call an early election?

Prime Minister Boris Johnson has two options to call an early election in his quest for a majority that could break Britain's Brexit deadlock. One of them is likely to fail later on Monday, the other could be put to the test as early as Tuesday.
Reuters   |   Mon, 28 Oct 2019 15:00:01

Parliament set to debate Boris Johnson's bid to trigger election

FT   |   Mon, 28 Oct 2019 14:51:06

Please spare us Theresa May's tears over the Brexit result. She only has herself to blame

That a depth of feeling sufficient to summon forth tears in perhaps the least openly emotional front line politician this country has ever known, was suppressed so as not to alienate the 80,000 or so Brexit-loving reactionary pensioners that make up the Conservative party membership, is nothing less than tragic
Tom Peck / The Independent   |   Mon, 28 Oct 2019 14:37:05

People's Vote campaign in chaos after senior figures sacked

Power struggle intensifies inside group pushing for second Brexit referendum
FT   |   Mon, 28 Oct 2019 14:21:35

Theresa May was 'in tears' after the Brexit referendum result

Theresa May was and "in tears" after the UK voted to leave the EU in 2016, according to the latest revelations of a new book.
Sky   |   Mon, 28 Oct 2019 14:13:00

General Election: Boris Johnson to force pre-Christmas poll with special bill if he fails to secure Labour support

Government ready to table near-identical bill to Liberal Democrats and Scottish National Party to override fixed-term parliaments law
Andrew Woodcock / The Independent   |   Mon, 28 Oct 2019 13:36:00

Retail stockpiles at record levels amid pre-Christmas Brexit uncertainty

UK retailers have built up record stockpiles as Brexit uncertainty in the run-up to Christmas prompted stores to buy in seasonal products earlier than usual, CBI figures show.
Sky   |   Mon, 28 Oct 2019 13:35:00

Brexit: People's Vote staff walk out over 'boardroom coup' after attempts to sack two of its most senior figures

Chairman of Open Britain group in bid to install new acting chief executive in 'restructure' of campaign for second Brexit referendum
Andrew Woodcock / The Independent   |   Mon, 28 Oct 2019 13:15:38

Britain and Russia are Europe's odd couple

After Brexit, the UK could drift into an antagonistic relationship with its continental neighbours
FT   |   Mon, 28 Oct 2019 13:11:03

UK retail stockpiling reaches record levels on back of Brexit concerns

October stock levels compared to volume of expected sales at highest point since 1983 - CBI Britain's biggest retailers have been ramping up their stockpiling efforts to record levels in the run-up to Brexit, according to the Confederation of British Industry. The country's leading business lobby group said retailers' stock ...
Richard Partington Economics correspondent / Guardian   |   Mon, 28 Oct 2019 12:48:29

Pound Steady After EU Grants Brexit Extension

The pound steadied versus the dollar and London's stock market flattened on Monday after the European Union granted an extension to Brexit until the end of January. Around 1200 GMT, sterling was almost unchanged at $1.2826 compared with late in New York on Friday. London's benchmark FTSE 100 stocks index ...
IBTimes   |   Mon, 28 Oct 2019 12:20:24

HSBC Profits Fall In Challenging Trade

HSBC is underperforming in parts of Europe and the United States, as third-quarter profits fell, the lender's interim chief executive said on Monday, warning also of headwinds including Brexit. The Asia-focused banking giant has been trying to lower costs as it faces the double uncertainties caused by the grinding US-China ...
IBTimes   |   Mon, 28 Oct 2019 12:19:12

UK retail sales fall eases, stocks at record high - CBI

British retailers reported that their sales fell at the gentlest pace in six months in October but uncertainty about Brexit contributed to the highest stock levels on record, an industry survey showed.
Reuters   |   Mon, 28 Oct 2019 12:13:28

EU agrees to delay Brexit until Jan. 31 as Boris Johnson seeks election

The European Union on Monday agreed to a three-month flexible delay to Britain's departure from the bloc as Prime Minister Boris Johnson pushes for an ...
No Author / Japan Times   |   Mon, 28 Oct 2019 12:00:21

Toyota Boosts Presence In Poland On Brexit Woes: Media

Toyota said on Monday that it would boost production of components for hybrid vehicles at its plants in EU member Poland, with local media reporting the choice of location was underpinned by uncertainty over Brexit. Toyota Motor Europe said it would invest 140 million euros ($155 million) in Poland to ...
IBTimes   |   Mon, 28 Oct 2019 11:57:44

EU agrees new January 31 Brexit deadline

The European Union (EU) on Monday agreed to offer the UK a three-month extension to the Brexit deadline, until January 31 next year. European Council President Donald Tusk confirmed the decision of the 27 other members of the economic bloc on Twitter, saying a written confirmation process would follow in ...
Times of India   |   Mon, 28 Oct 2019 11:55:46

General election: Labour fury as 'sell out' Lib Dems offer to help Boris Johnson secure pre-Christmas poll

John McDonnell among senior figures attacking Jo Swinson after she joins forces with SNP to back government calls for December election
Benjamin Kentish / The Independent   |   Mon, 28 Oct 2019 11:45:00

Ireland: Brexit extension averts risk of a disruptive 'no deal' Brexit

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FX Street   |   Mon, 28 Oct 2019 11:44:33

Britain to 'strain every sinew' help finance sector after Brexit

Britain will do whatever it can to ensure that its financial sector remains a major global player after Brexit, financial services minister John Glen said on Monday.
Reuters   |   Mon, 28 Oct 2019 11:26:04

The never-ending Brexit saga is a nightmare for business. Here's why

Businesses in the United Kingdom have already endured more than three years of Brexit uncertainty. Now, as the third deadline to leave the European Union zooms by, companies are left to grapple with a profoundly unpredictable domestic political situation that will further erode business investment.
CNN   |   Mon, 28 Oct 2019 11:17:19

Brexit: Row breaks out in People's Vote campaign

The group's media chief accuses its chairman of taking "a wrecking ball" to the campaign.
BBC   |   Mon, 28 Oct 2019 11:05:51

Campaign for new Brexit referendum in disarray after officials sacked

The campaign in Britain for a new Brexit referendum has lurched into fresh crisis after two of the most senior figures in the movement were forced out in a power struggle.
Reuters   |   Mon, 28 Oct 2019 11:03:34

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: 28 Oct 2019     |     enquire