Brexit News Archive: 10 Dec 2018

Brexit looks more and more like a bad joke

Even if you're not a fan of British humor, it's hard not to laugh a little at Brexit. Sure, there have been bigger disasters in history, but it's rare to find dumber ones. The whole idea, after all, b...
Washington Post   |   Mon, 10 Dec 2018 22:45:05

Unto The Brexit

UK Prime Minister Theresa May's plan to exit the European Union has hit a wall. What happens now?
Cardiff Garcia / NPR   |   Mon, 10 Dec 2018 22:39:51

May to meet Germany's Merkel after delaying Brexit vote

Prime Minister Theresa May will meet German Chancellor Angela Merkel on Tuesday to discuss the concerns expressed by British lawmakers over her Brexit deal, her office said on Monday.
Reuters   |   Mon, 10 Dec 2018 22:38:48

Theresa May postpones Brexit fight

The British prime minister ducked an immediate defeat but can't avoid the coming crisis.
Charlie Cooper, Annabelle Dickson / Politico   |   Mon, 10 Dec 2018 22:35:32

Britain's May to meet Germany's Merkel after delaying Brexit vote

Prime Minister Theresa May will meet German Chancellor Angela Merkel on Tuesday to discuss the concerns expressed by British lawmakers over her Brexit deal, her office said on Monday.
Reuters   |   Mon, 10 Dec 2018 22:31:54

Here's Something Theresa May Probably Didn't Think About Before Cancelling Today's Brexit Vote

Will no one think of the clearinghouses?
Jon Shazar / Dealbreaker   |   Mon, 10 Dec 2018 22:05:32

Macro Morning

By Chris Becker After a solid session of selling in Asia yesterday, European stock markets lost all their confidence later in the session as PM Theresa May lost her bolt on the Brexit vote, sending Pound Sterling down to a new low for the year. US stocks surprisingly came back ...
Chris Becker / MacroBusiness   |   Mon, 10 Dec 2018 22:03:18

Meanwhile In Brexit... Total Chaos

It has been a furiously chaotic day for Brexit developments, which considering the nature of the process to date, is saying something. Just a few hours after the embattled U.K. prime minister announced to the House of Commons she would delay the critical Brexit vote - facing certain and humiliating ...
Tyler Durden / Zero Hedge   |   Mon, 10 Dec 2018 22:03:16

Dow reverses course and ends higher despite trade, Brexit concerns

Stocks largely finished higher Monday after investors shook off trade tensions with China, a delayed Brexit vote and a flattening yield curve.
Janna Herron, USA TODAY / USA Today   |   Mon, 10 Dec 2018 21:54:31

Wall St. ends choppy day higher; tech helps, Brexit weighs

Wall Street ended Monday's volatile session slightly higher with help from technology stocks although bank stocks tumbled and uncertainty over Britain's exit from the European Union kept investors on edge about global growth.
Reuters   |   Mon, 10 Dec 2018 21:38:39

Stocks walloped by Brexit, falling oil prices

Canada's main stock index fell on Monday after crude oil prices fell 3.4 per cent in New York, pressuring shares of energy companies.
CBC News / CBC   |   Mon, 10 Dec 2018 21:35:39

Tech helps Wall St recover but trade, Brexit cap gains

FT   |   Mon, 10 Dec 2018 21:33:10

Global stock decline on growth, Brexit worries; Wall St. gains

A gauge of global equities stumbled on Monday, as losses in Europe and Asia extended to Wall Street on new signs world economic growth was being curbed by the U.S.-China trade spat, but was off early lows as U.S. stocks turned positive.
Reuters   |   Mon, 10 Dec 2018 21:31:13

British PM blinks - and cancels Brexit vote

Brexit vote delay underscores high political stakes involved for PM May and how it continues to sow deep divisions.
Al Jazeera   |   Mon, 10 Dec 2018 21:26:01

Wild Scenes In Parliament As Labour MP Lloyd Russell-Moyle Kicked Out For Grabbing Ceremonial Mace In Brexit Protest

Graeme Demianyk / Huffington Post   |   Mon, 10 Dec 2018 21:25:43

UK parliament to hold emergency debate after Brexit vote delay

Parliament will on Tuesday hold a three-hour emergency debate on Prime Minister Theresa May's decision to defer a planned vote on her Brexit deal, Speaker John Bercow announced following a request by the opposition Labour Party.
Reuters   |   Mon, 10 Dec 2018 21:04:59

UK government takes formal step in parliament to delay vote on Brexit deal

The British government on Monday formally delayed a planned vote in parliament on Prime Minister Theresa May's Brexit deal.
Reuters   |   Mon, 10 Dec 2018 21:04:05

British minister Rudd says May's premiership and deal are not dead

British minister Amber Rudd said on Monday she did not believe Theresa May's premiership was dead after the prime minister pulled a parliamentary vote on Brexit for fear of losing it.
Reuters   |   Mon, 10 Dec 2018 20:57:58

Amber Rudd says May's premiership and deal are not dead

British minister Amber Rudd said on Monday she did not believe Theresa May's premiership was dead after the prime minister pulled a parliamentary vote on Brexit for fear of losing it.
Reuters   |   Mon, 10 Dec 2018 20:57:35

Iris Dorbian wrote a new post, PE HUB Second Opinion, on the site PE Hub

Facing defeat, UK Prime Minister Theresa May seeks to delay Brexit vote. SoftBank is set to raise $23.5 billion in Japan's bigger-ever IPO. A Chinese court orders Apple to stop selling older iPhones in the [...]
peHUB   |   Mon, 10 Dec 2018 20:45:17

The Brexit zombie apocalypse

A hard Brexit would be as bad as they say.
James Wimberley / The Reality-Based Community   |   Mon, 10 Dec 2018 20:42:14

Brexit in turmoil as UK's May pulls vote to seek changes to EU divorce

British Prime Minister Theresa May on Monday postponed a parliamentary vote on her Brexit deal to seek more concessions but the European Union refused to renegotiate and lawmakers doubted her chances of winning big changes.
Reuters   |   Mon, 10 Dec 2018 20:32:49

Irish PM says preparations for 'no-deal' Brexit should intensify

Irish Prime Minister Leo Varadkar said on Monday preparations for a no-deal Brexit should intensify after Britain's Theresa May pulled a parliamentary vote on her EU divorce deal to avoid a major defeat among lawmakers.
Reuters   |   Mon, 10 Dec 2018 20:28:50

With fresh 'Brexit' chaos over Britain's delayed parliamentary vote, what are some potential scenarios?

It was the showdown that wasn't. On the eve of a key parliamentary vote expected Tuesday on the terms of Britain's departure from the European Union, Prime Minister Theresa May called it off. That postponement set off a new round of now-familiar chaos associated with "Brexit," Britain's intended...
Laura King / LA Times   |   Mon, 10 Dec 2018 20:25:00

Brexit in turmoil as May pulls vote to seek changes to EU divorce

British Prime Minister Theresa May on Monday postponed a parliamentary vote on her Brexit deal to seek more concessions but the European Union refused to renegotiate and lawmakers doubted her chances of winning big changes.
Reuters   |   Mon, 10 Dec 2018 20:23:02

Corbyn resists calls for no-confidence vote on PM

Opposition leader fears Labour's 'fudged' position on Brexit could unravel
FT   |   Mon, 10 Dec 2018 20:17:31

How Will Brexit Impact The UK Housing Market?

While it's still uncertain what the specific outcome of Brexit is going to be - or, in fact, if it will actually take place - it would be foolish to not prepare regardless of the current confused political landscape. Far from fearmongering to suggest that it will have a real ...
Econ Matters / EconMatters Global   |   Mon, 10 Dec 2018 20:11:00

US stocks pare drop as Brexit chaos sinks pound

US equities pared their drop as the biggest technology shares advanced while the pound tumbled as traders took a grim view of the outlook for the UK after Theresa May delayed a crucial Brexit vote.
SMH   |   Mon, 10 Dec 2018 20:10:25

Government spent £100,000 on Facebook adverts to promote Brexit deal in week before vote was pulled

Charles Hymas / Telegraph   |   Mon, 10 Dec 2018 20:05:49

May infuriates MPs with her Brexit vote delay

Few at Westminster believe PM can win major changes to withdrawal agreement with EU
FT   |   Mon, 10 Dec 2018 19:58:22

Call in the elephants: May's Brexit delaying tactic infuriates MPs

Instead of taking one of the biggest decisions in the history of British democracy, the House of Commons is going to debate antique ivory.
Nick Miller / SMH   |   Mon, 10 Dec 2018 19:56:45

Equinor says remains committed to U.K. continental shelf despite Brexit

Seeking Alpha   |   Mon, 10 Dec 2018 19:52:43

Britain's May to meet Dutch PM in bid to win Brexit vote approval

British Prime Minister Theresa May will meet Dutch Prime Minister Mark Rutte in the Hague on Tuesday, her office said on Monday, part of her attempts to secure assurances to win over a hostile parliament in London over her Brexit deal.
Reuters   |   Mon, 10 Dec 2018 19:51:36

EU rules out reworking Brexit deal, prepares for no-deal: Tusk

EU leaders will not renegotiate Britain's Brexit deal, including the Irish border their chairman Donald Tusk said on Monday after Prime Minister Theresa May put off a parliamentary vote on a package that was facing heavy defeat.
Reuters   |   Mon, 10 Dec 2018 19:50:06

ECJ ruling does not change our policy on Article 50, says UK Brexit minister

Britain's policy of not revoking its Article 50 Brexit notice has not been changed by a European court ruling saying that the government could do so without needing the consent of European Union counterparts, Brexit minister Stephen Barclay said.
Reuters   |   Mon, 10 Dec 2018 19:49:35

Brexit backstop assurances will be irrelevant if not in divorce deal: Rees-Mogg

Any assurances Britain secures from the European Union on the Irish backstop in the Brexit divorce deal will be "completely irrelevant" if they are not in the Withdrawal Agreement, eurosceptic lawmaker Jacob Rees-Mogg said on Monday.
Reuters   |   Mon, 10 Dec 2018 19:48:27

Brexit news - live: Labour MP suspended from Commons for stealing ceremonial mace in protest at vote delay

Follow live updates from Westminster
Ashley Cowburn, Benjamin Kentish, Lizzy Buchan / The Independent   |   Mon, 10 Dec 2018 19:45:00

May to meet Dutch PM in bid to win Brexit vote approval

British Prime Minister Theresa May will meet Dutch Prime Minister Mark Rutte in the Hague on Tuesday, her office said on Monday, part of her attempts to secure assurances to win over a hostile parliament in London over her Brexit deal.
Reuters   |   Mon, 10 Dec 2018 19:42:16

Theresa May delays Parliamentary vote on the Brexit deal

U.S. stocks fell to their lowest levels in a year after British Prime Minister Theresa May announced that she delayed a critical Parliamentary vote on the Brexit Deal. CNBC's Bill Griffeth and NBC's Matt Bradley join Ali Velshi and Stephanie Ruhle to
MSNBC   |   Mon, 10 Dec 2018 19:41:01

Global stocks extend sell-off on growth and Brexit worries

A gauge of global equities stumbled on Monday, as losses in Europe and Asia extended to Wall Street on new signs the U.S.-China trade spat was impacting world economic growth, but rebounded from an initial drop as Apple Inc shares recovered.
Reuters   |   Mon, 10 Dec 2018 19:38:28

EUR/GBP consolidates important gains, head for the highest close since August

Euro holds to gains against Pound on the back of Brexit developments. UK May postponed the Parliamentary vote, will return to Brussels. The EUR/GBP pair rose sharply for the second-day in-a-row, accumulating a gain of more than 150 pips. Today the pair peaked at 0.9086 and then pulled back, finding ...
FX Street   |   Mon, 10 Dec 2018 19:26:04

Gold pressured by rising dollar, although price in safe in bull's hands while above 38.2% Fibo

Commodities and base metal prices are weighed in a risk-off environment considering global trade relations, Huawei's CFO still in custody and with the news that the highly anticipated Brexit vote could be delayed, thereby prolonging a period of uncertainty. Gold en-route towards the 200-D SMA up at $1,256.90. The latest ...
FX Street   |   Mon, 10 Dec 2018 19:25:45

Anger as Theresa May refuses to set new date for Commons vote on her Brexit deal, ahead of fresh EU talks

Gloomy government sources admit a quick breakthrough is unlikely - refusing to say the vote will even be held in January
Rob Merrick / The Independent   |   Mon, 10 Dec 2018 19:19:00

Brexit: What happens next?

No deal, no Brexit or a general election are all still possible outcomes.
Charlie Cooper / Politico   |   Mon, 10 Dec 2018 19:05:01

UK government to publish immigration policy paper by end of year: parliamentary leader

The British government plans to publish a policy paper on its post-Brexit immigration system before the end of the year, the leader of the House of Commons, Andrea Leadsom, said on Monday.
Reuters   |   Mon, 10 Dec 2018 19:00:32

Apple helps Wall St. pull back after S&P hits eight-month low

Wall Street fell for a fourth straight day on Monday, sending the S&P 500 to an eight-month low, with banks, energy and health stocks leading losses on mounting worries over global growth, the U.S.-China trade war and uncertainty over Brexit.
Reuters   |   Mon, 10 Dec 2018 18:59:35

Pound hits 20-month low against US dollar after Brexit vote postponed - as it happened

News that Theresa May will abandon plans for Tuesday's vote on her Brexit deal is rocking the financial markets Sterling has hit 20-month low of $1.2508 today May makes Commons statement after calling off key Brexit vote - Politics live 6.56pm GMT Following one of its most volatile trading sessions ...
Graeme Wearden / Guardian   |   Mon, 10 Dec 2018 18:56:56

Why is the stock market dropping? Dow sheds 90 points on trade, Brexit concerns

Stocks fell Monday, as investors fretted over trade tensions with China, a delayed Brexit vote and a flattening yield curve.
Janna Herron, USA TODAY / USA Today   |   Mon, 10 Dec 2018 18:56:22

Theresa May delivering Brexit or second referendum PM

The prime minister tells MPs who want a second referendum to be "open" and "honest" about what that would mean for the country.
BBC   |   Mon, 10 Dec 2018 18:55:27

EU leaders offer May assurances but no Brexit renegotiation

Summit this week will aim to save UK's exit package without actually amending its terms
FT   |   Mon, 10 Dec 2018 18:54:26

May's Brexit delay feeds uncertainty

Postponing the 'meaningful' parliamentary vote makes a chaotic no-deal exit more likely
FT   |   Mon, 10 Dec 2018 18:49:38

Brexit in turmoil as UK PM May pulls vote on her EU divorce deal

Prime Minister Theresa May abruptly postponed a parliamentary vote on her Brexit deal on Monday, throwing Britain's plan to leave the European Union into chaos after admitting that she faced a rout.
Reuters   |   Mon, 10 Dec 2018 18:49:15

EU won't renegotiate Brexit deal

Donald Tusk came to Twitter to clarify EU's stance on Brexit latest developments, saying that the bloc won't renegotiate Brexit deal and calling for a summit next Thursday meant to discuss "how to facilitate UK ratification." He added that "as time is running out, we will also discuss our preparedness ...
FX Street   |   Mon, 10 Dec 2018 18:48:18

UK government will decide when Brexit vote takes place: parliamentary leader

British Prime Minister Theresa May's government will decide when parliament will vote on her Brexit agreement with the European Union, the governing Conservative Party's leader in the lower house said on Monday.
Reuters   |   Mon, 10 Dec 2018 18:48:03

Remainers must change their tune

For Remainers to win a People's Vote, they need to make a positive case Image: Parliament.uk Theresa May has postponed the parliamentary vote on her Withdrawal Agreement but it cannot be put off indefinitely. There is only one sure-fire way for it to get through the House of Commons and ...
Anthony Barnett / Open Democracy   |   Mon, 10 Dec 2018 18:47:18

Tusk: EU to talk Brexit, but 'we will not renegotiate the deal'

European Council president responds to Theresa May's decision to delay parliamentary vote.
Paul Dallison / Politico   |   Mon, 10 Dec 2018 18:28:58

Brexit in turmoil as PM May pulls vote on her EU divorce deal

Prime Minister Theresa May abruptly postponed a parliamentary vote on her Brexit deal on Monday, throwing Britain's plan to leave the European Union into chaos after admitting that she faced a rout.
Reuters   |   Mon, 10 Dec 2018 18:27:58

EU's Tusk says Brexit deal not up for renegotiation, will hold talks

European Council President Donald Tusk said on Monday Brexit would be discussed at the council meeting on Thursday, including how to help the British government ratify the exit process, but that the Withdrawal Agreement was not up for renegotiation.
Reuters   |   Mon, 10 Dec 2018 18:26:07

Theresa May Postpones Brexit Vote

Lauren Gosling-Powell / Huffington Post   |   Mon, 10 Dec 2018 18:25:55

Brexit: EU president Donald Tusk says 'we will not renegotiate the deal' as he calls emergency meeting

Backstop must not be changed, Donald Tusk says
Jon Stone / The Independent   |   Mon, 10 Dec 2018 18:25:00

Pound falls to lowest in almost two years amid Brexit uncertainty

Sterling slumps to below $1.26 after Theresa May postpones vote on her Brexit plan The pound has dropped to its lowest level for almost two years amid the growing risks to the British economy from political paralysis over Brexit and on a no-deal scenario. Theresa May's decision to delay the ...
Richard Partington Economics correspondent / Guardian   |   Mon, 10 Dec 2018 18:24:31

Why is the stock market dropping? Dow loses more than 300 points on trade, Brexit concerns

Stocks fell Monday, led by a sell-off in bank and Apple shares and fueled by trade worries, a delayed Brexit vote and a flattening yield curve.
Janna Herron, USA TODAY / USA Today   |   Mon, 10 Dec 2018 18:22:26

Theresa May has cancelled Plan A. There is no Plan B. So what on earth happens now?

The Prime Minister said a second referendum would cause people 'to question the role of MPs.' But people are doing that anyway, thanks to her.
Tom Peck / The Independent   |   Mon, 10 Dec 2018 18:20:00

The Brexit divorce deal: what's in it?

It's 600 pages long and written in dense legalese. So what does Theresa May's Brexit deal really say?
Nick Miller / SMH   |   Mon, 10 Dec 2018 18:15:36

Dow slides 500 points on Brexit drama

Brexit chaos and sinking bank stocks are combining to deal the stock market another blow.
CNN   |   Mon, 10 Dec 2018 18:00:22

Stocks remain fragile as PM May tries to delay key Brexit vote

US equites started off the week on a softer tone as investors continue to sell on any negative news. The markets were focused on Brexit news early, as Prime Minister attempts to delay a very key Brexit vote. The British pound sold off over 1% and fell to the weakest ...
Ed Moya / OANDA   |   Mon, 10 Dec 2018 17:50:35

Postponing the Brexit vote: an odd decision that makes Theresa May look weak

The Westminster bubble has been gripped by Theresa May's dilemma for weeks: committed to having a vote on the deal she negotiated to leave the European Union, but facing almost certain defeat. Endless flowcharts have been drawn, pundits mined for information, and vox pops taken in high streets up and ...
Simon Usherwood, Reader in Politics, University of Surrey / The Conversation   |   Mon, 10 Dec 2018 17:48:53

Brexit in turmoil as PM May pulls vote on her divorce deal

British Prime Minister Theresa May abruptly postponed a parliamentary vote on her Brexit deal on Monday, throwing Britain's plan to leave the European Union into chaos after admitting that she faced a rout.
Reuters   |   Mon, 10 Dec 2018 17:46:52

Stocks heading for eight-month low as British pound sinks

U.S. equities extended a sell-off and the pound tumbled as traders took a grim view of the outlook for global growth and trade after Theresa May delayed a crucial Brexit vote. A rout in banks and... To view the full story, click the title link.
Crain's NY   |   Mon, 10 Dec 2018 17:43:13

Brexit in turmoil as UK PM May pulls vote on her divorce deal

British Prime Minister Theresa May abruptly postponed a parliamentary vote on her Brexit deal on Monday, throwing Britain's plan to leave the European Union into chaos after admitting that she faced a rout.
Reuters   |   Mon, 10 Dec 2018 17:39:56

European close: FTSE extends daily losses on Brexit shambles, UK data and RSI points to further losses below Dec 2016 support

The U.K.'s FTSE 100 UKX, fell by -0.83%, or by 56.57 points to 6721.54 while European markets, in general, were weighed by ongoing domestic political and global economic risks as Brexit and trade maintain the front page headlines. The FTSE was initially supported on the news that a key parliamentary ...
FX Street   |   Mon, 10 Dec 2018 17:29:29

Is Britain In Control, Yet?

Kojo Koram What Brexiteers misunderstand about national sovereignty. The post Is Britain In Control, Yet? appeared first on The Nation .
Kojo Koram / The Nation   |   Mon, 10 Dec 2018 17:24:09

The Brexit On Offer Today Is Not The One Promised Two Years Ago - It's Time To Think About A U-Turn

Jude Kirton-Darling / Huffington Post   |   Mon, 10 Dec 2018 17:15:49

Brexit turmoil sees foreign investors steer clear of pound

Even hedge funds wary of choosing currency's direction given the political uncertainty
FT   |   Mon, 10 Dec 2018 17:14:57

May call's off doomed Brexit vote

Pound plunges as UK braces for a catastrophic no-deal split with EU The post May call's off doomed Brexit vote appeared first on Asia Times .
Chris Scott / Asia Times   |   Mon, 10 Dec 2018 17:14:22

Article 50 can be revoked: here's what it means for Brexit

shutterstock Article 50 of the Treaty on European Union can be divided into two parts. The first recognises the right of a member state to withdraw from the European Union. The second establishes the procedure that the withdrawing member state and the EU institutions have to follow to manage that ...
Carlo Petrucci, Lecturer in Law, University of Essex / The Conversation   |   Mon, 10 Dec 2018 17:12:24

Another tough day for markets: Dow loses more than 300 points on trade, Brexit concerns

Stocks fell Monday, led by a sell-off in bank and Apple shares and fueled by trade worries, a delayed Brexit vote and a flattening yield curve.
Janna Herron, USA TODAY / USA Today   |   Mon, 10 Dec 2018 17:09:40

Date for new Brexit vote depends on when we get assurances from EU - May's spokesman

The date for a new vote on whether to approve Prime Minister Theresa May's Brexit deal will depend on when her government gets the assurances it needs to satisfy parliament, May's spokesman said on Monday.
Reuters   |   Mon, 10 Dec 2018 17:08:48

Brexit vote postponed: what parliament must do now to fix Theresa May's mess

Finally, after two tortuous years of negotiations, it looked like the UK's elected representatives were about to vote on Prime Minister Theresa May's Brexit deal. Then, despite vowing to go ahead, May decided to postpone the vote the day before. She had faced almost certain defeat and now says she ...
Andy Price, Head of Politics, Sheffield Hallam University / The Conversation   |   Mon, 10 Dec 2018 17:05:51

May's Freudian Slip

The Prime Minister (presumably accidentally) appropriated a Lib Dem slogan at the dispatch box this afternoon. Not surprising she wants an 'exit from Brexit', given the month she's been having... The post May's Freudian Slip appeared first on Guido Fawkes .
Tom Harwood / Guy Fawkes' blog   |   Mon, 10 Dec 2018 17:04:43

EU ministers plan no Brexit meeting on Tuesday - EU official

European affairs ministers who will meet in Brussels on Tuesday to prepare a leaders' summit later in the week will not convene a special session on Brexit, a senior EU official said on Monday.
Reuters   |   Mon, 10 Dec 2018 17:02:56

Stocks extend sell-off on growth and Brexit worries

A gauge of global equities stumbled on Monday, putting it on track for its fifth straight daily decline, as losses in Europe and Asia extended to Wall Street on new signs the U.S.-China trade spat was impacting world economic growth.
Reuters   |   Mon, 10 Dec 2018 16:57:37

GBP/USD - Chaos over Brexit and manufacturing decline send pound crashing

GBP/USD has started the week with sharp losses. In Monday's North American trade, the pair is trading at 1.2547, down 1.42% on the day. On the release front, GDP for October was up 0.1% from September. Manufacturing Production declined 0.9%, well off the forecast of 0.0%. On Tuesday, the U.S. ...
Kenny Fisher / OANDA   |   Mon, 10 Dec 2018 16:56:38

S&P 500 sinks to 8-month low amid Brexit, US-China concerns

FT   |   Mon, 10 Dec 2018 16:53:13

GBP/USD sees 1.2506 traded, lowest since April 2017, bears now looking to April lows

GBP/USD is falling and making fresh lows, the lowest since April 2017. Brexit is a shambles and PM May is likely on her way out. At the same time, markets are in risk-off mode with US stocks crumbling, extending losses since last Friday's nonfarm payrolls disappointment. However, the greenback is ...
FX Street   |   Mon, 10 Dec 2018 16:43:31

Government spent £100k of taxpayers' money on Facebook adverts to sell Theresa May's doomed Brexit deal

Labour said it was 'a completely inappropriate use of public money'
Lizzy Buchan / The Independent   |   Mon, 10 Dec 2018 16:42:21

Wall Street drops over 1 percent on growth fears, Brexit uncertainty

U.S. stocks deepened losses on Monday and the benchmark S&P 500 hit its lowest since April 4, with financial stocks leading the declines, as fears over global growth, the China-U.S. trade war and uncertainty over Brexit gripped investors.
Reuters   |   Mon, 10 Dec 2018 16:40:57

EU court cites union goal to let UK stop Brexit

The European Union's top court ruled on Monday that the British government may reverse its decision to leave the bloc without consulting other member states, a decision welcomed by those campaigning to stop Brexit.
Reuters   |   Mon, 10 Dec 2018 16:38:23

Britain's Brexit chaos: Key vote on hold; future is fuzzy

A British parliamentary vote on a deal to leave the European Union will probably fail. The most likely result is chaos.
Kim Hjelmgaard, USA TODAY / USA Today   |   Mon, 10 Dec 2018 16:37:23

May pulls vote on her divorce deal, thrusting Brexit into the unknown

British Prime Minister Theresa May on Monday abruptly postponed a parliamentary vote on her Brexit deal on Monday, throwing Britain's plan to leave the European Union into chaos after admitting that she faced a rout.
Reuters   |   Mon, 10 Dec 2018 16:36:51

Theresa May delays Brexit vote

Decision follows warnings from aides of overwhelming defeat if prime minister went ahead
FT   |   Mon, 10 Dec 2018 16:36:23

No-deal Brexit more likely amid 'confused' situation in London, France says

A costly British exit from the European Union without a negotiated deal is increasingly likely, France's European affairs minister said on Monday, after British Prime Minister Theresa May postponed a vote on a deal in the face of defeat.
Reuters   |   Mon, 10 Dec 2018 16:34:59

Germany sees no possible change to Brexit deal

German foreign minister Heiko Maas said on Monday there were no possibilities of changing the agreement on Britain's withdrawal from the European Union next year.
Reuters   |   Mon, 10 Dec 2018 16:32:46

Crunch Brexit Vote Could Be Delayed Until January 21, Theresa May Suggests

Ned Simons / Huffington Post   |   Mon, 10 Dec 2018 16:27:52

Norway or Bust

Norway(ish) is the only Brexit thing which ever made any sense at all. Also mostly pointless and stupid! But not a big deal.With the U.K. Parliament balking at Prime Minister Theresa May's Brexit deal, Norway's arrangement with the European Union is getting another look. It's a model that might just ...
Atrios / Eschaton   |   Mon, 10 Dec 2018 16:24:00

Theresa May Is Running Out of Options

LONDON-British Prime Minister Theresa May announced on Monday that she was postponing a scheduled parliamentary vote on her proposed Brexit deal. The 11th-hour decision follows weeks of speculation that the agreement was doomed to suffer an overwhelming defeat at the hands of British lawmakers in its current form. What remains ...
Yasmeen Serhan / The Atlantic   |   Mon, 10 Dec 2018 16:22:00

UK PM Theresa May delays crunch vote on her Brexit deal

Conservative leader was set to be defeated in motion approving her deal with the EU to leave the bloc.
Al Jazeera   |   Mon, 10 Dec 2018 16:19:29

Theresa May calls off MPs' vote on her Brexit deal

Theresa May says she has called off Tuesday's crucial vote on her Brexit deal because it "would be rejected by a significant margin". She said MPs backed much of the deal she has struck with the EU but there was concern over the Northern Irish backstop. She said she believed ...
Dean Popplewell / OANDA   |   Mon, 10 Dec 2018 16:18:20

Pound extends slump to 20-month lows after May delays Brexit deal

Sterling tumbled on Monday to 20-month lows versus the dollar as investors took fright as Prime Minister Theresa May's decision to abandon a parliamentary vote on her Brexit deal.
Reuters   |   Mon, 10 Dec 2018 16:13:49

UK Parliament should decide whether Brexit vote is delayed - speaker

The speaker of Britain's lower house of parliament said it would be "right" that members of parliament were given a chance have their say on whether or not to delay a planned vote on Prime Minister Theresa May's Brexit plan.
Reuters   |   Mon, 10 Dec 2018 16:08:43

Brexit: Guy Verhofstadt shreds UK government for delaying vote on Theresa May's deal

European Parliament Brexit chief says he can't follow talks anymore
Jon Stone / The Independent   |   Mon, 10 Dec 2018 16:08:00

Senior eurosceptic MP: May must govern or quit

British Prime Minister Theresa May must either govern or quit, a senior eurosceptic lawmaker in her Conservative Party said on Monday, after she delayed a vote in parliament on her Brexit deal.
Reuters   |   Mon, 10 Dec 2018 16:03:59

May will seek further assurances from EU on Brexit backstop

Prime Minister Theresa May said on Monday she would do all she could to secure further assurances from the European Union on the so-called backstop arrangement in the Brexit deal that has angered so many across parliament.
Reuters   |   Mon, 10 Dec 2018 16:02:30

How to register to vote: A step-by-step guide in the event of a second Brexit referendum or general election

Theresa May's EU Withdrawal Agreement looks increasingly doomed
Joe Sommerlad / The Independent   |   Mon, 10 Dec 2018 16:01:56

May says Brexit is her duty, will seek new reassurances from EU

British Prime Minister Theresa May said on Monday that it was her duty to deliver Brexit, and that she would seek reassurances needed by parliament to complete the process.
Reuters   |   Mon, 10 Dec 2018 16:01:29

Sterling sinks to lowest level since April 2017 as May speaks

Brexit uncertainty slams Britain's currency
FT   |   Mon, 10 Dec 2018 15:59:38

UK PM May says Brexit is her duty, will seek new reassurances from EU

British Prime Minister Theresa May said on Monday that it was her duty to deliver Brexit, and that she would seek reassurances needed by parliament to complete the process.
Reuters   |   Mon, 10 Dec 2018 15:55:22

Theresa May delays Brexit vote in Parliament in a major setback for British government

British Prime Minister Theresa May suffered a major blow to her Brexit deal Monday when she delayed a critical parliamentary vote because of fears she did not have enough support from lawmakers. After spending weeks traveling the length and breadth of the country, taking part in radio phone-ins...
Christina Boyle / LA Times   |   Mon, 10 Dec 2018 15:55:00

Theresa May's Brexit Deal Likely to Fail

"Facing the prospect of a devastating loss in Parliament, British Prime Minister Theresa May announced Monday that she would delay a vote on the Brexit plan she negotiated with the European Union," the Washington Post reports. Said May: "If we went ahead and held the vote tomorrow, the deal would ...
Taegan Goddard / Taegan Goddard   |   Mon, 10 Dec 2018 15:52:45

UK's May pulls vote on her divorce deal, thrusting Brexit into the unknown

British Prime Minister Theresa May on Monday abruptly pulled a parliamentary vote on her Brexit deal, throwing Britain's plan to leave the European Union into chaos after admitting that she faced a rout.
Reuters   |   Mon, 10 Dec 2018 15:52:09

Breaking: GBP/USD falls below 1.2600 as May announces delay of the vote, is called to quit

UK Prime Minister Theresa May confirmed the deference of the vote in the House of Commons on the Brexit vote. She admitted that there is no majority. She said she will go back to emergency talks in Brussels, to secure assurances. Opposition leader Jeremy Corbyn criticized the government and called ...
FX Street   |   Mon, 10 Dec 2018 15:51:54

Britain's Brexit chaos takes another disorderly turn

A British parliamentary vote on a deal to leave the European Union will probably fail. The most likely result is chaos.
Kim Hjelmgaard, USA TODAY / USA Today   |   Mon, 10 Dec 2018 15:51:34

Explainer: Chaos, or keep calm and carry on? What happens if UK's May loses Brexit vote

British Prime Minister Theresa May needs to win approval for her Brexit deal in parliament on Dec. 11. But critics are lining up on all sides to say they will oppose it and the chances of the government winning a vote currently look slim.
Reuters   |   Mon, 10 Dec 2018 15:50:01

Britain's Prime Minister Theresa May is said to withdraw parliamentary vote on her Brexit deal

Michael Gove, the most prominent Brexit campaigner in May's cabinet, said the court ruling "doesn't alter either the referendum vote or the clear intention of the government to leave on March 29".
PTI / Financial Express   |   Mon, 10 Dec 2018 15:47:08

Expecting Huge Defeat, Theresa May Has Delayed a Crucial Brexit Vote

British Prime Minister Theresa May has confirmed that a crucial parliamentary vote on Brexit scheduled on Dec. 11 will be delayed, throwing the timeline of Britain's withdrawal from the E.U. into question. As it became clear the vote would be "rejected by a significant margin," she told lawmakers in a ...
George Steer / Time   |   Mon, 10 Dec 2018 15:46:34

May pulls parliamentary vote on her Brexit deal

British Prime Minister Theresa May abruptly decided on Monday to pull a parliamentary vote on her Brexit deal, throwing Britain's plan to leave the European Union up in the air on the eve of the vote after repeated warnings from members of parliament she faced a rout.
Reuters   |   Mon, 10 Dec 2018 15:46:17

UK PM May says will delay parliament vote on Brexit deal

British Prime Minister Theresa May said on Monday she was delaying a planned vote in parliament on her Brexit deal as it was set to be rejected "by a significant margin".
Reuters   |   Mon, 10 Dec 2018 15:46:00

May says will delay parliament vote on Brexit deal

British Prime Minister Theresa May said on Monday she was delaying a planned vote in parliament on her Brexit deal as it was set to be rejected "by a significant margin".
Reuters   |   Mon, 10 Dec 2018 15:45:48

Theresa May delays Brexit vote over risk of 'significant' defeat

'I've listened very carefully to what has been said in this chamber,' said the UK prime minister.
Annabelle Dickson / Politico   |   Mon, 10 Dec 2018 15:45:39

Time To Start Sniffing Glue?

By TF This certainly promises to be an interesting week. I'm not even sure where to start... The Brexit vote which may or may not happen tomorrow. Continued unrest in France. More China-US issues re Huawei. Ukraine. PPI and CPI as well as Retail Sales. "Stock market" near critical support. ...
TF Metals Report / TF Metals Report   |   Mon, 10 Dec 2018 15:43:00

Brexit is an inferno from which all exits are blocked except one. Brexiteers need to put down the petrol and accept it

Michael Gove was on the radio this morning describing those who want a second referendum as 'trying to thwart democracy'. It shouldn't have to be repeated that one vote does not thwart another. Democracy does not thwart democracy
Tom Peck / The Independent   |   Mon, 10 Dec 2018 15:39:48

Watch Live: Theresa May Expected To Call Off Vote On Brexit Plan

As we reported earlier, after acknowledging that her Brexit deal faces the possibility of an defeat in the House of Commons, Prime Minister Theresa May has reportedly finally caved and is expected to call off the planned Tuesday vote in a speech before Parliament. The speech is slated to start ...
sellputs / Hedge Accordingly   |   Mon, 10 Dec 2018 15:38:11

US STOCKS-Dow, S&P dogged by growth worries; techs help Nasdaq bounce

Wall Street dropped on Monday, led by Apple Inc, financials and healthcare stocks, falling further after its biggest slide since March last week on worries over global growth, the China-U.S. trade war and uncertainty over the Brexit deal. The benchmark S&P 500 and the blue-chip Dow Jones Industrial Average, already ...
sellputs / Hedge Accordingly   |   Mon, 10 Dec 2018 15:37:31

Dow, S&P dogged by growth worries; techs help Nasdaq bounce

Wall Street dropped on Monday, led by Apple Inc, financials and healthcare stocks, falling further after its biggest slide since March last week on worries over global growth, the China-U.S. trade war and uncertainty over the Brexit deal.
Reuters   |   Mon, 10 Dec 2018 15:36:22

May Abandons Brexit Vote, Steps Up No-Deal Preparations

Update II: After May and Corbyn exchanged vitriol soaked comments (with Corbyn accusing May of "losing control" and May accusing Corbyn of opportunistically attacking her despite having no workable alternatives), the pound has broken below $1.26. And lest MPs think that one of their "Plan B" options (like, for example, ...
Tyler Durden / Zero Hedge   |   Mon, 10 Dec 2018 15:30:36

Brexit & Beyond: Theresa May, Facing Strong Opposition, Delays Critical Vote

To subscribe to the newsletter, please sign up here MUST READS U.K. Delays Brexit Vote by Parliament: British Prime Minister Theresa May delayed a parliamentary vote on her government's Brexit bill scheduled for Tuesday, according to people familiar with the decision, throwing both her government and her plans for the ...
WSJ Staff / MoneyBeat   |   Mon, 10 Dec 2018 15:28:59

Watch Theresa May's Brexit Deal Statement Live At The House Of Commons

Lisa Golden / Huffington Post   |   Mon, 10 Dec 2018 15:23:49

Northern Irish DUP tells May: abandon the Brexit 'backstop'

The leader of the Northern Irish party propping up Britain's Conservative government said on Monday she had told Prime Minister Theresa May to scrap the in the Brexit deal.
Reuters   |   Mon, 10 Dec 2018 15:14:20

Brexit: High Court rejects challenge to annul referendum result in major blow to Remain campaigners

Permission for full hearing - because of 'corrupt and illegal practices' by Vote Leave campaign - refused for 'want of merit'
Rob Merrick / The Independent   |   Mon, 10 Dec 2018 15:12:48

And Then What

A part of me wants to believe that the Tories (May) have gamed out where they realistically want this Brexit thing to go but I have never seen any evidence that they've gamed it out past tomorrow. Or 2 days ago, really.Theresa May has postponed the final vote on her ...
Atrios / Eschaton   |   Mon, 10 Dec 2018 15:06:00

The Article 50 ruling explained - in a sticky note

What does the European Court of Justice's ruling on Article 50 mean for Brexit? Joelle Grogan (Middlesex University) explains in a sticky note (@StickyTrickyLaw). This post represents the views of the author and not those of the Brexit blog, nor the LSE. Joelle Grogan is a Senior Lecturer in Law ...
Ros Taylor / LSE   |   Mon, 10 Dec 2018 15:05:10

Brexit chaos: May pulls the plug on key vote, sources say

CNN   |   Mon, 10 Dec 2018 15:01:56

Wall St adds to fall as US-China tension lingers

Sterling tumbles as May pulls parliamentary Brexit vote
FT   |   Mon, 10 Dec 2018 14:59:25

Government Shells Out Almost £100k On Facebook Ads Promoting Theresa May's Brexit Deal

Rachel Wearmouth / Huffington Post   |   Mon, 10 Dec 2018 14:55:55

Second Brexit Referendum Chances 'Rising Strongly - Cabinet Minister

Paul Waugh / Huffington Post   |   Mon, 10 Dec 2018 14:51:08

The pound sinks to its lowest level in 18 months after Theresa May delays key Brexit vote

The British pound plunged to its lowest level in 18 months after Prime Minister Theresa May delayed a key Brexit vote. Sterling fell 1% after May opted to push back the debate on fears of an overwhelming defeat for her deal. Watch the British pound trade live. It's been one ...
Callum Burroughs / Business Insider   |   Mon, 10 Dec 2018 14:41:00

UK government can delay Brexit vote without parliament's approval - source

Britain's government can delay a vote on Prime Minister Theresa May's Brexit deal without needing the approval of parliament, a source in Whitehall said on Monday.
Reuters   |   Mon, 10 Dec 2018 14:39:54

Brexit: why the EU doesn't want the UK to remain in the backstop indefinitely

A key criticism made by opponents of the Brexit withdrawal agreement is that the UK would be stuck indefinitely in the so-called Irish - aimed at avoiding a hard border on the island of Ireland - with no unilateral way out. But this assumes that the EU would want the ...
David Phinnemore, Professor of European Politics, Queen's University Belfast / The Conversation   |   Mon, 10 Dec 2018 14:27:37

The non-Brits guide to Brexit (because it affects you too)

The European Union is arguably the world's most powerful bloc. But it's about to lose the United Kingdom, one of its biggest members. Just how and when the UK leaves the EU will have implications that ripple around the globe.
CNN   |   Mon, 10 Dec 2018 14:22:41

Britain convicts human rights defenders of terrorism offence

In the UK every day is Brexit day, but today more than most because our hapless Prime Minister's attempts to persuade Parliament to back her "deal" have run into the sand. The wall-to-wall coverage means that there's every danger that the state's victimization of human rights defenders will not get ...
Chris Bertram / Crooked Timber   |   Mon, 10 Dec 2018 14:20:53

GBP/USD gravitating towards 1.2600 handle ahead of May's statement in parliament

• UK PM May pulls Tuesday's meaningful Brexit vote and prompts some aggressive selling. • A goodish pickup in the USD demand further collaborates towards accelerating the fall. The selling pressure around the British Pound remains unabated, with the GBP/USD pair accelerating the downfall towards the 1.2600 figure, the lowest ...
FX Street   |   Mon, 10 Dec 2018 14:17:22

Pound hits 20-month low as Brexit vote pulled

The pound has hit a fresh 20-month low against the US dollar after Theresa May decided to delay the Commons vote on her Brexit deal.
Sky   |   Mon, 10 Dec 2018 14:10:00

Key Events In A Tumultuous Week: ECB, Brexit Vote And A Barrage Of Economic Data

The biggest events of this very week will be the ECB meeting on Thursday and the Brexit Parliamentary vote tomorrow, which however now appears to be indefinitely postponed. On the ECB, Jim Reid notes that DB economists expect a "dovish tightening," i.e. an announcement that QE will end at the ...
Tyler Durden / Zero Hedge   |   Mon, 10 Dec 2018 14:04:20

Brexit: Sturgeon offers to unite with Corbyn to topple 'shambles' government after Theresa May calls off vote on her deal

Nicola Sturgeon has appealed to Jeremy Corbyn "work together" to topple Theresa May's government after a crucial vote on the prime minister's Brexit deal was abandoned, promising the SNP will support a motion of no confidence if it is tabled by Labour.
The Independent   |   Mon, 10 Dec 2018 14:03:32

Global super-rich bought 153 homes for at least £20m each in past year

Highest number of sales in Hong Kong as London's ultra-prime housing market slips amid Brexit concerns More than 150 homes around the world changed hands for more than £20m ($25m) each in the past year, as the "relentless creation of private wealth" fuelled the global ultra-prime housing market. The world's ...
Rupert Neate Wealth correspondent / Guardian   |   Mon, 10 Dec 2018 14:02:58

Britain's May is said to withdraw parliamentary vote on her Brexit deal

British Prime Minister Theresa May abruptly decided on Monday to pull a parliamentary vote on her Brexit deal, throwing Britain's plan to leave the European Union up in the air on the eve of the vote after repeated warnings from lawmakers she faced a rout.
Reuters   |   Mon, 10 Dec 2018 13:58:03

Brexit anxiety sends pound to 18-month low

The pound falls to the lowest level against the dollar since June 2017 amid uncertainty over Brexit.
BBC   |   Mon, 10 Dec 2018 13:56:59

GBP/USD Technical Analysis: Cable sinks to its lowest level since June 2017 as bears attack the 1.2600 figure

GBP/USD daily chart GBP/USD is trading in a bear trend below the 50, 100 and 200-day simple moving average (SMA). GBP/USD reached its lowest level since June 2017 as May could pull Brexit vote. GBP/USD 4-hour chart All indicators are in bearish mode. The next support is seen at the ...
FX Street   |   Mon, 10 Dec 2018 13:52:15

Theresa May To Postpone Brexit Vote To Avoid Shattering Defeat

LONDON (AP) - British Prime Minister Theresa May looked set to postpone Parliament's vote on her European Union divorce deal...
Cristina Cabrera / TPM   |   Mon, 10 Dec 2018 13:49:09

May is said to withdraw parliamentary vote on her Brexit deal

British Prime Minister Theresa May abruptly decided on Monday to pull a parliamentary vote on her Brexit deal, throwing Britain's plan to leave the European Union up in the air on the eve of the vote, after repeated warnings from members of parliament she faced a rout.
Reuters   |   Mon, 10 Dec 2018 13:39:10

May to head back to Brussels to discuss Brexit - junior minister

British Prime Minister Theresa May will head back to Brussels to seek to renegotiate the so-called Irish backstop element of her exit deal with the European Union, a junior minister said on Monday.
Reuters   |   Mon, 10 Dec 2018 13:38:28

Brexit: Irish PM says deal with EU cannot be renegotiated, as Theresa May's negotiator spotted in Brussels

Leo Varadkar says he would be open to statement clarifying contents of withdrawal agreement
Jon Stone / The Independent   |   Mon, 10 Dec 2018 13:30:00

PM pulls Brexit deal vote as she heads back to Brussels

Theresa May has decided to pull a House of Commons vote on her Brexit deal, prompting fresh anger from MPs.
Sky   |   Mon, 10 Dec 2018 13:27:00

Brexit is a test like no other for currency traders

Range of outcomes and permutations makes EU exit a unique challenge
FT   |   Mon, 10 Dec 2018 13:26:16

Northern Ireland's DUP demands May end 'shambles' over Brexit

The Northern Irish party that props up Britain's Conservatives said Prime Minister Theresa May needed to renegotiate her Brexit divorce, or be replaced by someone willing to change course, after reports that she had pulled the crucial vote on her deal.
Reuters   |   Mon, 10 Dec 2018 13:15:48

Brexit vote delay is 'pathetic cowardice' - Scotland's Sturgeon

Scotland's First Minister Nicola Sturgeon accused the British government on Monday of "pathetic cowardice" by postponing a key vote on Brexit in the UK parliament.
Reuters   |   Mon, 10 Dec 2018 13:10:51

UK government set to postpone parliamentary vote on Brexit deal

British Prime Minister Theresa May expected to announce delay to Brexit deal vote during parliamentary speech.
Al Jazeera   |   Mon, 10 Dec 2018 13:01:04

Brexit secretary Barclay to make statement on Article 50 Brexit notice

Brexit secretary Stephen Barclay will make a statement to parliament on "EU Exit- Article 50" in parliament on Monday, the government's leader in parliament, Andrea Leadsom, said via an official Twitter feed.
Reuters   |   Mon, 10 Dec 2018 12:59:20

Irish PM says UK cannot renegotiate parts of Brexit deal

Britain cannot partially renegotiate the Brexit withdrawal deal which Prime Minister Theresa May agreed with the European Union, though some clarification might be possible, Ireland's Prime Minister Leo Varadkar said on Monday.
Reuters   |   Mon, 10 Dec 2018 12:58:23

Brexit deal setback: live

FT   |   Mon, 10 Dec 2018 12:56:19

Ireland's Varadkar: Withdrawal agreement including backstop is the only deal on the table

Ireland's Prime Minister Leo Varadkar crossed the wires in the last hour, saying that the current withdrawal agreement, including backstop, is the only deal on the table and it is not possible to reopen Brexit negotiations. EU continuing to make it known to May that there will be no renegotiating ...
FX Street   |   Mon, 10 Dec 2018 12:54:45

Brexit: Theresa May understood to be delaying key vote

The prime minister is to make a statement on Brexit amid reports the key vote is being delayed.
BBC   |   Mon, 10 Dec 2018 12:52:49

SocGen to offer derivatives trades from Paris platform pre-Brexit

Seeking Alpha   |   Mon, 10 Dec 2018 12:52:15

May cancels Brexit vote amid fears it could topple her government

It was to be one of the most important votes in a century in the House of Commons. But it could have brought down Theresa May, and at the last moment she blinked.
Nick Miller / SMH   |   Mon, 10 Dec 2018 12:52:04

Brexit: why economists think UK will be poorer after leaving EU

FT's Chris Giles on how we should read Bank of England and government arrive at scenarios
FT   |   Mon, 10 Dec 2018 12:49:55

Brexit Interrupted

October 2018 was supposed to be the drop dead date for this.Two cabinet sources have told the BBC's Laura Kuenssberg Tuesday's planned Brexit vote will be delayed.
Atrios / Eschaton   |   Mon, 10 Dec 2018 12:45:00

Capital Markets: Meh

From Marc to Market: Lack of Closure Weighs on Sentiment Overview: Investors angst over trade tensions and Brexit continue remains elevated, and poor Chinese and Japanese economic news played on global growth fears. Equities continue to slog lower. Bond yields are little changed, and the dollar is lower against most ...
climateer / Climateer Investing   |   Mon, 10 Dec 2018 12:41:00

Theresa May calls off key vote on Brexit deal to avoid huge defeat, source says

If Parliament refuses to ratify the withdrawal agreement, the U.K. will be on course to leave the EU without a deal, unleashing political and economic chaos
Bloomberg News / Financial Post   |   Mon, 10 Dec 2018 12:39:34

Sterling falls to 1-1/2 year lows on reports May to pull Brexit vote

The British pound fell to its lowest level since June 2017 on Monday on media reports British Prime Minister Theresa May would pull a parliamentary vote on her Brexit deal.
Reuters   |   Mon, 10 Dec 2018 12:37:36

Morning News: December 10, 2018

This Soon-to-Be-Former OPEC Member Sees a Brighter Future in Natural Gas U.K.Economy Loses Steam as Battle Over Brexit Rages JPMorgan, BofA Detect Hints of a [...]
Eddy Elfenbein / Eddy Elfenbein   |   Mon, 10 Dec 2018 12:36:22

UK PM May can stay on if parliament rejects Brexit deal: Brexit minister

British Prime Minister Theresa May can stay on if she loses a crucial vote on her Brexit deal in parliament on Tuesday, her Brexit minister Stephen Barclay said on Sunday. Asked about reports May could delay the vote, which she looks set to lose, and go back to the EU ...
sellputs / Hedge Accordingly   |   Mon, 10 Dec 2018 12:34:52

Theresa May To Make Emergency Statement Amid Reports of Brexit Vote Delay

British Prime Minister Theresa May will make an emergency statement to Parliament about Brexit amid reports that a crucial vote on her E.U. divorce deal will be postponed
Associated Press / Time   |   Mon, 10 Dec 2018 12:32:35

Theresa May to address MPs on possible delay to Brexit vote

Three unscheduled statements will now take place in the House of Commons on Monday afternoon.
Charlie Cooper / Politico   |   Mon, 10 Dec 2018 12:30:13

Theresa May To Give Commons Statement Amid Reports The Brexit Vote Is Cancelled

Ned Simons / Huffington Post   |   Mon, 10 Dec 2018 12:25:15

PM May to withdraw parliamentary vote on her Brexit deal - BBC

British Prime Minister Theresa May is pulling a parliamentary vote set for Tuesday on her Brexit deal, the BBC reported, after repeated warnings from lawmakers that the scale of the expected defeat could sink her government.
Reuters   |   Mon, 10 Dec 2018 12:22:30

Société Générale to set up Brexit clearing hedge in Paris

FT   |   Mon, 10 Dec 2018 12:20:55

Brexit: Theresa May calls off vote on deal after massive opposition from Conservative rebels

The prime minister will make a statement to MPs this afternoon on what happens next
Rob Merrick / The Independent   |   Mon, 10 Dec 2018 12:19:00

UK PM May to make a statement in parliament at 1530 GMT

According to the latest headlines floating on the wires, the UK PM Theresa May will be making an oral statement, titled "Exiting the European Union", in the parliament at 1530 GMT. This comes on the back of news that the May will pull Tuesday's meaningful Brexit vote to avoid facing ...
FX Street   |   Mon, 10 Dec 2018 12:18:32

Breaking: GBP/USD crashes as May may pull Brexit vote, uncertainty looms, to address Parliament at 15:30 GMT

Various British media outlets confirm the rumors that Prime Minister Theresa May will pull the crucial vote on her Brexit deal. She will reportedly make a statement to the House of Commons at 15:30 GMT. In addition to the special address by the PM, the minister responsible for notifying Parliament, ...
FX Street   |   Mon, 10 Dec 2018 12:16:12

Theresa May Calls Off Vote on Brexit Deal

U.K. Prime Minister Theresa May "has called off a crucial vote in Parliament on whether to approve her Brexit deal, after being warned she was on course for a devastating defeat," Bloomberg reports. "May's office publicly insisting it was going ahead as recently as 11.20 a.m. on Monday but the ...
Taegan Goddard / Taegan Goddard   |   Mon, 10 Dec 2018 12:15:31

May Cancels Meaningful Vote

After days of intense speculation, Sky News are reporting that Theresa May has finally decided to pull tomorrow night's meaningful vote - despite Number 10 repeatedly insisting for the last few days that it was going ahead and sending numerous ministers on air including Brexit Secretary Stephen Barclay and Michael ...
Hugh Bennett / Guy Fawkes' blog   |   Mon, 10 Dec 2018 12:13:16

UK PM May to withdraw parliamentary vote on her Brexit deal: BBC

British Prime Minister Theresa May is pulling a parliamentary vote set for Tuesday on her Brexit deal, the BBC reported, after repeated warnings from lawmakers that the scale of the expected defeat could sink her government.
Reuters   |   Mon, 10 Dec 2018 12:11:35

GBP/USD refreshes YTD lows on report that UK PM May will delay Brexit vote

• Reports that May May will pull Tuesday meaningful vote prompts some aggressive selling. • EU comments that this is the only deal possible (non-negotiable) further dents the sentiment. The GBP/USD pair extended its intraday decline and tumbled to fresh YTD lows, around mid-1.2700s in the last hour. The British ...
FX Street   |   Mon, 10 Dec 2018 12:09:05

Dublin insists Brexit treaty will not be changed

FT   |   Mon, 10 Dec 2018 12:05:53

May said to delay key vote on Brexit deal to avoid huge defeat

The vote in the House of Commons to approve the terms of the UK's divorce from the European Union was due to be held on Tuesday evening but is now due to be rescheduled, according to the person who declined to be named. It's still possible that May's Cabinet will ...
Times of India   |   Mon, 10 Dec 2018 12:03:30

UK can halt Brexit process, EU court rules

Britain can unilaterally halt the formal process of leaving the European Union, the bloc's top court said Monday.
CNN   |   Mon, 10 Dec 2018 12:02:23

UK government spent most on Facebook political advertising

UK government spent almost £97,000 on ads seeking support for its Brexit deal.
Annabelle Dickson / Politico   |   Mon, 10 Dec 2018 12:02:16

EUR/GBP breaks above 0.9000 as Pound sinks

EUR/GBP surges pass 0.9000 on rumors PM May will pull out Brexit vote. PM May to pull out the key Brexit vote from Parliament. The EUR/GBP cross trades around 0.9010 at the time being, its highest in over a month, up for the day amid Pound's weakness. Cabinet members were ...
FX Street   |   Mon, 10 Dec 2018 12:01:11

UK's May deciding whether to delay parliament Brexit vote: newspaper editors

British Prime Minister Theresa May is due to make a decision on Monday on whether to delay a parliamentary vote on her Brexit deal set for Tuesday, British political correspondents said.
Reuters   |   Mon, 10 Dec 2018 11:55:25

Sterling sinks as investors worry over Brexit vote

Government bonds rally, sending yields dropping
FT   |   Mon, 10 Dec 2018 11:53:42

German govt accepts court ruling on Brexit, regrets looming divorce

The German government accepts a ruling by the European Union's top court that the United Kingdom can unilaterally revoke its divorce notice, a spokeswoman said on Monday, adding that Berlin continued to regret Britain's decision to quit the EU.
Reuters   |   Mon, 10 Dec 2018 11:48:18

Pound drops on report May's decision on Brexit vote is imminent

The pound fell on Monday after a media report said British Prime Minister Theresa May had called a meeting of senior aides, with a decision on whether to pull parliament's vote on her Brexit deal imminent.
Reuters   |   Mon, 10 Dec 2018 11:47:22

'We will not renegotiate' Brexit, EU executive tells Britain

The European Union's executive said on Monday it would not renegotiate its Brexit agreement sealed with British Prime Minister Theresa May.
Reuters   |   Mon, 10 Dec 2018 11:46:32

European Commission: This deal is the best and only one possible

The European Commission was out with some comments on the latest Brexit saga, saying that there is an agreement on the table already on Brexit. This is the best, and only deal possible and we will not renegotiate on the agreement.
FX Street   |   Mon, 10 Dec 2018 11:46:21

Pound Slides On Reports May To Delay Brexit Vote To Avoid "Huge Defeat"

A spokesperson for Theresa May shocked investors on Monday when they insisted that Tuesday's 'meaningful vote' on her 'final' Brexit plan would move ahead as planned, countering rumors that May had been planning to tell MPs that the vote would be cancelled during an 'emergency' conference call. EU ministers have ...
Tyler Durden / Zero Hedge   |   Mon, 10 Dec 2018 11:44:42

UK PM May is said to pull vote on her Brexit deal - BBG

According to the latest headlines floating on the wires, via Bloomberg - citing a person familiar with the matter, the UK PM Theresa May is said to pull the meaningful vote that is scheduled for tomorrow evening on her Brexit deal.
FX Street   |   Mon, 10 Dec 2018 11:40:05

May to update ministers on calls with EU leaders

British Prime Minister Theresa May will update her cabinet team of ministers on Monday to update them on Brexit after she spoke to several other European leaders over the weekend, her spokeswoman said.
Reuters   |   Mon, 10 Dec 2018 11:39:47

EU Court Rules That The UK Can Unilaterally End Brexit

Lisa Golden / Huffington Post   |   Mon, 10 Dec 2018 11:34:48

UK economy slows as car sales slide

Brexit jitters weigh on manufacturing and automotive sectors, official data shows UK economic growth slowed in October as car sales went into reverse, while factory output stalled amid heightened uncertainty over Brexit. According to the Office for National Statistics, GDP growth cooled to 0.4% during the three months to October ...
Richard Partington Economics correspondent / Guardian   |   Mon, 10 Dec 2018 11:31:33

Global growth and Brexit fears dominate proceedings

Monday December 10: Five things the markets are talking about **PM MAY SAID TO CANCEL PLANNED TUESDAY'S MEANINGFUL VOTE IN PARLIAMENT** more to follow Global equities remain under pressure, extending last week's losses amid a potential escalation between the world's two largest economies, and after signs China's economy remains under ...
Dean Popplewell / OANDA   |   Mon, 10 Dec 2018 11:29:04

UK government spokeswoman: Parliament vote on Brexit deal will go ahead tomorrow

The UK government spokeswoman, Alison Donnelly was out on the wires in the last hour, confirming that the UK PM Theresa May will hold a call with Cabinet ministers at 1130 GMT. Additional quotes: • The call is to update ministers on Brexit, something that happens all the time. • ...
FX Street   |   Mon, 10 Dec 2018 11:26:52

Downing Street insists Brexit vote to proceed as planned

Speculation over potential delay of 'meaningful vote' in parliament has mounted in recent days
FT   |   Mon, 10 Dec 2018 11:24:28

Brexit: Does Brussels blink?

How has Brussels dealt with political complications in the past?
BBC   |   Mon, 10 Dec 2018 11:24:07

Top EU Court Rules UK Can Change Mind Over Brexit

The European Court of Justice rules that when an EU member country has notified its intent to leave, "that member state is free to revoke unilaterally that notification."
LORNE COOK and JILL LAWLESS / The Associated Press / truthdig   |   Mon, 10 Dec 2018 11:21:34

UK economy slows in three months to October, Brexit uncertainty looms

Britain's economy lost speed in the three months to October, reflecting lower car sales and factory stoppages due to weaker demand that business groups blamed on uncertainty about Brexit.
Reuters   |   Mon, 10 Dec 2018 11:13:26

EU's top court rules UK can unilaterally end Brexit

Landmark ECJ decision comes a day before UK parliament votes on Theresa May's plan
FT   |   Mon, 10 Dec 2018 11:12:13

Lack of Closure Weighs on Sentiment

Overview: Investors angst over trade tensions and Brexit continue remains elevated, and poor Chinese and Japanese economic news played on global growth fears. Equities continue to slog lower. Bond yields are little changed, and the dollar is lower against most of the major currencies. Among emerging market currencies, those in ...
Marc Chandler / Marc to Market   |   Mon, 10 Dec 2018 11:06:57

Brexit News Archive: 10 Dec 2018     |     enquire