Tag Archives: Brexit

May sees ‘no alternative’ to her Brexit plan

11 November, 2018 8:16 am 8:16 am

LONDON (Reuters) – British Prime Minister Theresa May says she sees no alternative to the Brexit deal she presented earlier this week, amid reports that some of her senior ministers want her to renegotiate the draft agreement before meeting EU Read More

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UK PM May defends Brexit deal as opponents plot no-confidence vote

11 November, 2018 8:32 am 8:32 am

LONDON (Reuters) – British Prime Minister Theresa May won the backing of the most prominent Brexiteer in her government as she fought to save a draft European Union divorce deal that has stirred up a plot to force her out Read More

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Sterling slump sparks dash for options to protect investments

11 November, 2018 8:17 am 8:17 am

LONDON (Reuters) – Foreign exchange derivatives indicate markets are bracing for a fresh round of volatility in sterling, with investors ramping up purchases of options giving them the right to sell sterling if Brexit uncertainty escalates. British assets suffered a Read More

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IAG prepares to meet EU ownership rules in case of no deal Brexit

11 November, 2018 9:44 am 9:44 am

BARCELONA (Reuters) – Anglo-Spanish airline group IAG  , the owner of British Airways, is taking steps to avoid falling foul of European Union ownership rules in the event of a no-deal Brexit, Spanish newspaper El Pais reported. Britain is set Read More

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Jo Johnson says colleagues are considering their position over Brexit

11 November, 2018 8:42 am 8:42 am

LONDON (Reuters) – Former minister Jo Johnson said some colleagues were “reflecting hard” on whether to quit over Theresa May’s Brexit plan after his dramatic resignation threw the British prime minister’s deal into jeopardy. The junior transport minister, who is Read More

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Ministers present May with ‘plan B’ for no-deal Brexit scenario

11 November, 2018 8:31 am 8:31 am

LONDON (Reuters) – Cabinet ministers have drawn up a ‘plan B’ for a no-deal Brexit in case parliament votes down Prime Minister Theresa May’s proposed plan to leave the European Union, the Sun reported . The unnamed pro-Brexit ministers have Read More

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Jo Johnson quits UK government, urges referendum to avoid Brexit chaos

11 November, 2018 8:26 am 8:26 am

LONDON (Reuters) – Jo Johnson, the younger brother of Boris, resigned from British Prime Minister Theresa May’s government , calling in a withering critique for another referendum to avoid her Brexit plans unleashing Britain’s greatest crisis since World War Two. Read More

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Dollar keeps to tight ranges as investors brace for US elections

11 November, 2018 9:45 am 9:45 am

TOKYO (Reuters) – The dollar stuck to tight ranges against its major rivals on Tuesday as investors favoured caution ahead of US midterm elections later in the day. The US congressional election is widely expected to boost the Democratic Party, Read More

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Dublin, London, DUP talk up chances of Brexit deal

11 November, 2018 8:11 am 8:11 am

DUBLIN (Reuters) – Senior Irish and British ministers and the leader of the Northern Irish unionist party propping up the minority British government all expressed confidence that a Brexit deal could be reached in the coming weeks. With just five Read More

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UK, EU agree tentative Brexit deal on financial services

11 November, 2018 9:11 am 9:11 am

LONDON (Reuters) – British Prime Minister Theresa May has struck a tentative deal with the European Union that would give UK financial services companies continued access to European markets after Brexit, the Times reported on Thursday. British and European negotiators Read More

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Pound to bounce 5.5 percent if Brexit deal struck

11 November, 2018 8:25 am 8:25 am

LONDON (Reuters) – Sterling will rise around 5.5 percent against the dollar if Britain and the European Union agree a divorce deal but will sink more than 6 percent if no agreement is reached. As predicted in numerous Reuters FX Read More

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UK austerity ending, as long as Brexit deal gets done: Hammond

10 October, 2018 8:39 am 8:39 am

LONDON (Reuters) – Chancellor of the Exchequer Philip Hammond held out the prospect of an end to Britain’s long spending squeeze provided the government secures a Brexit deal with the EU, putting pressure on the divided Conservative Party to back Read More

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Hammond to turn up heat on Brexit rebels in budget speech

10 October, 2018 9:08 am 9:08 am

LONDON (Reuters) – British finance minister Philip Hammond will use his annual budget speech on Monday to urge his divided Conservative Party to get behind the government’s push for a Brexit deal, or put at risk a long-awaited easing of Read More

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UK’s Hammond to warn of Brexit hit to spending hopes: NIESR

10 October, 2018 8:50 am 8:50 am

LONDON (Reuters) – British finance minister Philip Hammond is likely to warn that a no-deal Brexit would hit the public finances and prevent an end to austerity when he delivers his annual budget next week, a think-tank said. By contrast, Read More

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With divorce deal almost done, May repeats rejection of EU proposal on Nort...

10 October, 2018 9:09 am 9:09 am

LONDON (Reuters) – Prime Minister Theresa May will tell parliament on Monday that 95 percent of Britain’s divorce deal has now been settled but will repeat her opposition to the European Union’s proposal for the land border with Northern Ireland. Read More

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