Brexit News Archive: 30 Oct 2019

General election: Labour's share of student vote at 43 per cent, survey suggests

'The sheen has faded on Corbyn while the Lib Dems are looking more attractive,' think tank says
Eleanor Busby / The Independent   |   Wed, 30 Oct 2019 21:53:50

US Stocks Rise, Dollar Falls As Fed Cuts Interest Rates Again

Wall Street stocks rallied and the dollar retreated Wednesday after the Federal Reserve cut interest rates and signaled it expects to hold off on further rate changes for now. The Fed's action marked its third straight interest rate cut. Fed Chairman Jerome Powell said trade wars and Brexit uncertainty had ...
IBTimes   |   Wed, 30 Oct 2019 21:20:12

US Federal Reserve cuts interest rates, sending S&P 500 to record high - as it happened

Rolling coverage and reaction as America's central bank sets borrowing costs at 1.5%-1.75%, the third cut of 2019 Latest: S&P 500 hits new record high Fed chair Jerome Powell holding press conference Fed cuts interest rates for third time in 2019... ...but may be taking a pause Read the Fed ...
Graeme Wearden / Guardian   |   Wed, 30 Oct 2019 20:16:04

US Fed Lowers Key Interest Rate As 'Insurance' Against Economic Risks

The US Federal Reserve cut its benchmark interest rate for the third straight time on Wednesday but is likely to hold off before providing more stimulus as it gauges economic risks. Though President Donald Trump's trade war with China and Brexit concerns have created uncertainties that have crimped business investment ...
IBTimes   |   Wed, 30 Oct 2019 19:33:21

The one thing that could cost Boris Johnson this election is that he's absolutely terrible

Johnson is a walking liability. It's a matter not even of it, or when, but how bad?
Tom Peck / The Independent   |   Wed, 30 Oct 2019 19:09:00

Scotland rails at N Ireland advantage in Brexit deal

Report warns plan has potential to destroy Scottish seafood processing
FT   |   Wed, 30 Oct 2019 19:08:17

Powell speech: Risk of a no-deal Brexit seems to have materially declined

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FX Street   |   Wed, 30 Oct 2019 18:43:22

Brexit headlines supportive of GBP

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FX Street   |   Wed, 30 Oct 2019 18:35:41

Election splits over Brexit revealed in Facebook groups

Leavers seem more united than Remainers right now, but both sides are debating whether to vote tactically on 12 December.
BBC   |   Wed, 30 Oct 2019 18:23:56

General election news - live: Labour and SNP attack Boris Johnson over cuts in final pre-election PMQs, hinting at possible campaign tactics

Follow all the latest developments
Adam Forrest, Lizzy Buchan / The Independent   |   Wed, 30 Oct 2019 18:15:00

Brexit party considers pulling out of seats to boost Tories

Nigel Farage's party may focus on 20-30 Leave-supporting Labour constituencies
FT   |   Wed, 30 Oct 2019 18:07:03

Will delaying Brexit cost £1bn a month?

Boris Johnson claims that delaying Brexit instead of leaving on 31 October will cost an extra £1bn a month.
BBC   |   Wed, 30 Oct 2019 18:00:03

No-deal Brexit still possible, EU's Michel Barnier warns

Chief negotiator says no-deal could happen in March 2020 or December 2020 as things stand
Jon Stone / The Independent   |   Wed, 30 Oct 2019 17:58:00

Moody's: Brexit extension removes immediate risk of no deal but prolongs uncertainty

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FX Street   |   Wed, 30 Oct 2019 17:26:12

UK 'Remainers' Hope Tactical Voting Can Stop Brexit

While Prime Minister Boris Johnson wants an election to "get Brexit done", his opponents see it as a chance to keep Britain in the European Union -- but it will require tactical voting. The latest opinion polls suggest the Conservative leader is heading for a parliamentary majority in the December ...
IBTimes   |   Wed, 30 Oct 2019 17:10:28

Leaders in pre-election clash over NHS, Brexit and economy

Jeremy Corbyn says Labour offers "real change" but Boris Johnson accuses him of "protest" politics at PMQs.
BBC   |   Wed, 30 Oct 2019 17:01:54

EU's Barnier says no-deal Brexit risk persists, trade talks to be

The European Union's Brexit negotiator Michel Barnier said on Wednesday the risk of Britain's chaotic departure from the bloc without a divorce agreement still existed, and that future trade talks would be "difficult and demanding".
Reuters   |   Wed, 30 Oct 2019 16:52:58

Brexit: the final chapter?

The stage has been set for the next, potentially decisive, act of Brexit after the U...
FT   |   Wed, 30 Oct 2019 16:51:16

UK's winter election: What's in it for markets?

British financial markets reacted calmly on Wednesday to the prospect of a snap election before Christmas after a fractious UK parliament finally agreed to a nationwide poll on Dec 12 that may help break the political deadlock over Brexit.
Reuters   |   Wed, 30 Oct 2019 16:34:17

Irish PM says will not call election as no-deal Brexit risk remains

Irish Prime Minister Leo Varadkar on Wednesday said he would not call an election this year due to the continued risk of a chaotic British exit from the European Union.
Reuters   |   Wed, 30 Oct 2019 16:25:45

Speaker John Bercow, UK parliament's Brexit umpire-cum-player, steps down

House of Commons Speaker John Bercow will step down on Thursday, ending a 10-year term in which he has become a central player in Britain's protracted Brexit debate - feted by the "Remain" side but reviled by many Brexiteers.
Reuters   |   Wed, 30 Oct 2019 16:20:28

EU's Barnier says risk of no-deal Brexit still exists, trade talks will be

The European Union's Brexit negotiator Michel Barnier said on Wednesday the risk of Britain's chaotic departure from the bloc without a divorce agreement still existed, and that future trade talks would be "difficult and demanding".
Reuters   |   Wed, 30 Oct 2019 15:31:10

Britain Starts Unpredictable Election Battle Over Brexit

Prime Minister Boris Johnson locked horns Wednesday with his rivals in a fiery debate, setting the tone for an unpredictable early general election aimed at breaking Britain's protracted Brexit deadlock. Johnson's battle of wits with the main opposition Labour Party leader Jeremy Corbyn came a day after parliament backed the ...
IBTimes   |   Wed, 30 Oct 2019 15:30:25

The terms of the third Brexit extension explained

European Union leaders congratulated themselves on having agreed a second Brexit deal in mid October. But their celebrations were short-lived. Just two days later, the Westminster parliament voted to force Britain's prime minister, Boris Johnson, into seeking a Brexit extension anyway. MPs had voted in principle to consider the new ...
Nieves Perez-Solorzano, Senior Lecturer in European Politics, University of Bristol / The Conversation   |   Wed, 30 Oct 2019 15:28:50

A Brexit election?

The UK's December general election will be about more than Brexit.
Al Jazeera   |   Wed, 30 Oct 2019 15:27:29

British Business Looks Beyond Brexit With New Election

Britain's Brexit-weary business community on Wednesday relished the prospect of a pre-Christmas general election, even if fears linger in some quarters over a possible Labour government. Business bigwigs hope the festive vote, proposed by Conservative Prime Minister Boris Johnson, will inject certainty into markets and unblock a faltering economy, which ...
IBTimes   |   Wed, 30 Oct 2019 14:59:43

Approving PM Johnson's Brexit deal would be top priority of Conservative govt - spokesman

British Prime Minister Boris Johnson's first priority if his Conservative Party wins a majority at a planned December election will be to get his Brexit deal approved by parliament, his spokesman said on Wednesday.
Reuters   |   Wed, 30 Oct 2019 14:51:16

How Boris Johnson's Brexit election gamble maps out

FT's Robert Shrimsley and Miranda Green sketch the path to power
FT   |   Wed, 30 Oct 2019 14:46:38

The Last Chance to Stop Brexit

The last time the United Kingdom held a general election in December-when some parts of the country have just seven hours of daylight-was in 1923. Then, the country's third-biggest party, the Liberals, took more than 100 seats, leading to a hung Parliament. It is precisely that kind of deadlock that ...
Helen Lewis / The Atlantic   |   Wed, 30 Oct 2019 14:44:11

EU's Barnier says risk of no-deal Brexit still exists

The European Union's Brexit negotiator Michel Barnier said on Wednesday the risk of Britain's chaotic departure from the bloc without a divorce agreement still existed.
Reuters   |   Wed, 30 Oct 2019 14:38:14

Speaker Bercow, scourge of Brexiteers, to go up in smoke as a bonfire effigy

An effigy of John Bercow, Speaker of the House of Commons and bete noire of Brexiteers, will go up in flames on Saturday as part of an English town's bonfire night celebrations marking the failure of a 17th Century plot to blow up parliament.
Reuters   |   Wed, 30 Oct 2019 14:37:31

Boris Johnson could be denied election majority if third of pro-EU voters abandon party loyalty, poll finds

Survey for anti-Brexit campaign predicts tactical vote could dent PM's projected 44-seat majority
Lizzy Buchan / The Independent   |   Wed, 30 Oct 2019 14:36:00

Boris Johnson news - live: PM faces 'tough' battle in pre-Christmas poll as Brexit Party vows to take Leave-voting seats

Follow all the latest developments
Adam Forrest / The Independent   |   Wed, 30 Oct 2019 14:30:00

EU's Barnier: Risk of no-deal Brexit still exists

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FX Street   |   Wed, 30 Oct 2019 14:28:49

A Brexit attack line for Labour

Boris Johnson has taken a big risk by calling the election before taking UK out of Europe
FT   |   Wed, 30 Oct 2019 13:51:46

UK's Brexit deal estimated to cost almost $100 billion

Times of India   |   Wed, 30 Oct 2019 13:34:02

UK: Election outcome to be a determining factor for the Brexit end-game - Nordea

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FX Street   |   Wed, 30 Oct 2019 12:44:56

Ukip loses eighth leader since Brexit referendum as Richard Braine resigns ahead of general election

More follows...
Harry Cockburn / The Independent   |   Wed, 30 Oct 2019 12:26:00

Brexit deal means '£70bn hit to UK by 2029'

The UK economy will be 3.5% smaller than if it had stayed in the EU, claims a new study.
BBC   |   Wed, 30 Oct 2019 11:58:56

Britain Kicks Off Election Battle Over Brexit

Britain's political leaders tested their election pitches on Wednesday after parliament backed Prime Minister Boris Johnson's bid for a pre-Christmas poll aimed at breaking the lengthy Brexit deadlock. Lawmakers late Tuesday put aside their disputes and overwhelmingly supported Johnson's call for a snap general election on December 12. The decision ...
IBTimes   |   Wed, 30 Oct 2019 11:35:36

Boris Johnson election win will leave MPs with 'three or four months' to prevent no-deal Brexit, says leading academic

Request for longer transition period must be made by June 2020 - and MPs cannot 'trigger the asking for an extension'
Rob Merrick / The Independent   |   Wed, 30 Oct 2019 11:35:00

No 'dividend' from Johnson's Brexit deal - analysis

Boris Johnson's Brexit plan will not deliver a "deal dividend" with the economy expected to be 3.5% smaller in ten years' time than if the UK had stayed in the EU, new analysis suggests.
Sky   |   Wed, 30 Oct 2019 11:28:00

Tory Europhile Amber Rudd to step down as MP at election

Former cabinet minister was part of the 'awkward squad' who fought to stop a no-deal Brexit
FT   |   Wed, 30 Oct 2019 11:20:35

PM Johnson gambles on an election to decide the fate of Brexit

The fate of Britain's departure from the European Union could be decided in a Dec. 12 election after Prime Minister Boris Johnson finally won parliamentary approval for a gamble that he hopes will break the deadlock over Brexit.
Reuters   |   Wed, 30 Oct 2019 11:01:14

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

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