Brexit News Archive: 09 Jan 2017

Corbyn: Labour not wedded to EU free movement

Jeremy Corbyn will say the UK can be "better off" after Brexit, as he calls for "fair" immigration.
BBC   |   Mon, 9 Jan 2017 22:02:13

Corbyn: Labour is willing to sacrifice the free movement of people

LONDON - Labour leader Jeremy Corbyn will on Tuesday abandon his long-held commitment to open borders and signal that he is willing to allow Theresa May's government to end the free movement of people once Brexit talks begin with the EU. In a keynote speech that he is set to ...
Business Insider   |   Mon, 9 Jan 2017 22:00:00

Brexit & Beyond: Sterling Hits 10-Week Low, May Vows Definitive Break With EU, UKIP to Lose Ally

Brexit & Beyond: Europe in Flux is The Wall Street Journal's round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS The pound fell sharply against the dollar and euro Monday. PHOTO: BLOOMBERG NEWS Sterling Falls to 10-Week ...
MoneyBeat   |   Mon, 9 Jan 2017 19:53:07

TREASURIES-U.S. yields slip on jitters about China, Britain

* Worries about yuan, 'hard Brexit' spur safety bids for bonds * Hedging on corporate bond supply limits drop in bond yields * U.S. to sell $56 billion in longer-dated government debt *...
Reuters   |   Mon, 9 Jan 2017 19:49:44

Pound falls to 10-week low after Theresa May's Brexit comments

FTSE 100 records eighth consecutive day of record highs, its longest run in two decades The pound fell to a 10-week low on Monday after Theresa May fuelled concerns that British exporters faced the loss of unfettered access to the European Union's major economies under a hard Brexit. Over the ...
Phillip Inman Economics correspondent / Guardian   |   Mon, 9 Jan 2017 19:17:23

Falling pound ignores May defence and hard Brexit denial

PM rounds on media for inflaming fears but Merkel insists no cherry-picking
FT   |   Mon, 9 Jan 2017 18:56:18

Traders fret over Theresa May's Brexit vagueness

Markets waiting for government to reveal its plan on life after EU
FT   |   Mon, 9 Jan 2017 18:19:53

London stocks hit record high, pound slumps

LONDON - The London stock market ended the day on another record high on Monday, shrugging off weakness on Wall Street and other European markets, as Brexit concerns battered the pound.
Bangkok Post   |   Mon, 9 Jan 2017 17:30:00

Merkel Says No Cherry Picking on Brexit Negotiations

The European Union must consider limiting Britain's access to its single market if London fails to accept the bloc's four freedoms in Brexit negotiations, German Chancellor Angela Merkel said on Monday. Adding pressure on British Prime Minister Theresa May who at the weekend hinted at a "hard Brexit" - in ...
OANDA   |   Mon, 9 Jan 2017 17:23:31

British pound hits new low after May's Brexit remarks

Sterling at $1.21, its lowest since 1985, after prime minister says UK will not hold on to "bits of EU membership".
Al Jazeera   |   Mon, 9 Jan 2017 17:19:38

TREASURIES-U.S. yields fall on jitters about China, Britain

* Worries about yuan, "hard Brexit" spur safety bids for bonds * U.S. to sell $56 billion in longer-dated government debt * Fed's Rosengren calls for gradual but faster rate increases (Adds...
Reuters   |   Mon, 9 Jan 2017 16:50:03

Six months in, Brexit shadow looms over Theresa May

(ChinaPost.com.tw) - British Prime Minister Theresa May was hailed as a steadying influence when she took over a country deeply divided by the EU referendum, but six months later she is facing widespread criticism for her apparent Brexit indecision.
The China Post   |   Mon, 9 Jan 2017 16:10:00

UPDATE 1-Merkel says no 'cherry picking' for Britain in Brexit talks

BERLIN, Jan 9 (Reuters) - The European Union must consider limiting Britain's access to its market if London fails to accept the bloc's 'four freedoms' in Brexit negotiations, German Chancellor...
Reuters   |   Mon, 9 Jan 2017 16:07:02

Merkel says no 'cherry picking' for Britain in Brexit talks

BERLIN, Jan 9 (Reuters) - The European Union must consider limiting Britain's access to its single market if London fails to accept the bloc's four freedoms in Brexit negotiations, German Chancellor...
Reuters   |   Mon, 9 Jan 2017 15:13:29

FX Daily, January 09: Sterling Pounded by May's Hard Brexit

Sterling has stolen the US dollar's spotlight. The issue facing market participants was if the rise in hourly earnings reported as part of the pre-weekend release of US December jobs data was sufficient to end the dollar's downside correction. Instead, May's comments over the weekend indicating not just a desire ...
SNB CHF Blog   |   Mon, 9 Jan 2017 13:52:06

Theresa May Vows Definitive Break With EU

May Says Britain Will Make Definitive Break With EU U.K. Prime Minister Theresa May said Britain would make a definitive break with the European Union while still seeking to negotiate the best possible access to the bloc's common market.May Vows Definitive Break With EU U.K. Prime Minister Theresa May said ...
WSJ   |   Mon, 9 Jan 2017 13:39:07

GLOBAL MARKETS-European shares fall, sterling dives on Brexit comments

*European shares dip but Britain's FTSE hits record high. LONDON, Jan 9- The dollar edged up on Monday, boosted by robust U.S. wage growth data that strengthened the case for more U.S. interest rate rises, while Britain's pound fell on comments by Prime Minister Theresa May seen as pointing to ...
CNBC   |   Mon, 9 Jan 2017 13:03:00

Sterling Pounded By May's Hard Brexit

Seeking Alpha   |   Mon, 9 Jan 2017 12:25:25

FOREX-Dollar regains traction, sterling gets a Brexit bashing

*Dollar climbs against yen, euro after early Europe wobble. LONDON, Jan 9- Talk of Britain drastically reworking trade ties with the European Union after Brexit sent the pound tumbling to two-month lows on Monday, as signals that U.S. interest rates could rise three times this year lifted the dollar. The ...
CNBC   |   Mon, 9 Jan 2017 12:17:00

FTSE 100 hits new record high on sterling weakness

LONDON - Britain's blue-chip index hit a new record high on Monday, supported by sterling's weakness on 'hard Brexit' concerns, as miners continued to lead sectoral gains.
Bangkok Post   |   Mon, 9 Jan 2017 12:16:00

May Delivers Another Brexit Blow to Sterling

A lively start to the year looks likely to continue into week two, with the pound coming under particular pressure this morning as the prospect of a harder Brexit continues to sink in. While investors and businesses would like to see the UK government prioritise single market access and continued ...
OANDA   |   Mon, 9 Jan 2017 11:58:32

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, MCD, AAPL)

Here is what you need to know. Theresa May is aiming for a "Hard Brexit." In a Sky News interview on Sunday, UK Prime Minister May said Brexit will be about "getting the right relationship" with the European Union and "not about keeping bits of membership." The British pound is ...
Business Insider   |   Mon, 9 Jan 2017 11:49:00

Rolls-Royce Motor to stay in UK despite Brexit

Luxury carmaker had warned about possible consequences for workers of a Leave vote
FT   |   Mon, 9 Jan 2017 11:37:13

Sterling Pounded by May's Hard Brexit

Sterling has stolen the US dollar's spotlight. The issue facing market participants was if the rise in hourly earnings reported as part of the pre-weekend release of US December jobs data was sufficient to end the dollar's downside correction. Instead, May's comments over the weekend indicating not just a desire ...
Marc to Market   |   Mon, 9 Jan 2017 10:58:42

British PM again signals painful Brexit

In an interview with Sky News, Prime Minister Theresa May promised to limit migration from the EU after Brexit, suggesting British business will face new barriers to doing business in Europe.
CNN   |   Mon, 9 Jan 2017 10:28:30

Sterling Plunges on May Brexit Comments

The British pound sank to a two-month low versus the U.S. dollar on Monday morning, hit by both strong labor data out of the United States and comments from the British Prime Minister suggesting the U.K. may be on track to leave the European single market. Sterling broke below 1.22 ...
OANDA   |   Mon, 9 Jan 2017 10:12:04

GLOBAL MARKETS-European shares dip, sterling falls on Brexit comments

*European shares dip but Britain's FTSE hits record high. LONDON, Jan 9- The dollar edged higher on Monday, boosted by robust U.S. wage growth data strengthening the case for more Federal Reserve interest rate increases, while Britain's pound fell on Prime Minister Theresa May's hint at no membership of the ...
CNBC   |   Mon, 9 Jan 2017 10:06:00

Pound hits 2-month low on May's Brexit comment

Prime minister dismisses idea that UK could keep 'bits of' EU membership
FT   |   Mon, 9 Jan 2017 09:35:03

FOREX-Sterling takes Brexit bashing, dollar regains traction

LONDON, Jan 9- Talk of Britain dramatically reworking trade ties with the European Union after Brexit sent the pound tumbling to two-month lows on Monday, as signals the United States could raise interest rates three times this year lifted the dollar. The pound slid around 1 percent against both the ...
CNBC   |   Mon, 9 Jan 2017 09:30:00

Rolls-Royce boss pledges future in UK despite Brexit qualms

Luxury carmaker unveils second-highest sales figure in more than a century Rolls-Royce Motor Cars has pledged not to turn its back on the UK amid concerns that firms could shift their headquarters overseas after the Brexit vote. The luxury carmaker, which is owned by Germany's BMW, posted its second-highest annual ...
Rob Davies / Guardian   |   Mon, 9 Jan 2017 09:23:07

Pound slides to lowest since October on May's Brexit comment

Prime minister dismisses idea that UK could keep "bits of" EU membership, rattling the pound
FT   |   Mon, 9 Jan 2017 09:01:56

The pound is at a 2 month low against the dollar after Theresa May's 'Hard Brexit rhetoric'

LONDON - The pound is falling against most major currencies on Monday morning after Theresa May signalled in an interview that the UK is likely to quit the Single Market when Brexit occurs. Sterling is down 0.77% against the dollar at just after 8.00 a.m. GMT (3.00 a.m. ET) and ...
Business Insider   |   Mon, 9 Jan 2017 08:24:56

Pound hit by Brexit fears as FTSE 100 touches fresh record high - business live

Sterling has fallen to its lowest level since October after Theresa May suggests Britain will leave the Single Market after Brexit Latest: Pound hits two-month low Full story: May hints at single market exit 8.08am GMT Newsflash! The pound has fallen to its lowest level in over two months, as ...
Graeme Wearden / Guardian   |   Mon, 9 Jan 2017 08:08:21

May under pressure, iPhone turns 10, Lucy's jargon awards

UK prime minister denies Brexit approach is muddled
FT   |   Mon, 9 Jan 2017 05:50:43

U.K.'s May vows to seek ambitious EU deal and work with Trump

Prime Minister Theresa May said Sunday she will announce details of Britain's European Union exit plans in the next few weeks, and denied a former diplomat's claim that the government is "muddled" about Brexit. In her first interview of 2017, May also said Donald Trump had made comments about women ...
Japan Times   |   Mon, 9 Jan 2017 03:34:19

PM May denies Brexit strategy is 'muddled'

British Prime Minister Theresa May said she would set out her strategy for Brexit over the coming weeks.
CNBC   |   Sun, 8 Jan 2017 23:48:00

Theresa May indicates UK will leave single market

Red lines on immigration and European Court of Justice set parameters for Brexit talks
FT   |   Sun, 8 Jan 2017 19:00:07

Trump To Meet With UK Premier In Spring, As May Denies Her Brexit Plans Are "Muddled"

While Trump has yet engage the social network on Sunday, in his last tweet on Saturday evening, President-elect Donald Trump said he would will meet with U.K. Prime Minister Theresa May in the spring as the British leader seeks to rejuvenate ties with the US after a frosty start to ...
Zero Hedge   |   Sun, 8 Jan 2017 15:39:47

Theresa May says UK will leave the EU single market

Red lines on immigration and European Court of Justice set parameters for Brexit talks
FT   |   Sun, 8 Jan 2017 14:34:11

May: Brexit approach isn't 'muddled'

Seeking Alpha / Seeking Alpha   |   Sun, 8 Jan 2017 13:58:17

Brit PM again signals painful Brexit

CNN   |   Sun, 8 Jan 2017 13:41:02

Theresa May again signals painful Brexit

Read full story for latest details.
CNN   |   Sun, 8 Jan 2017 13:38:02

Theresa May - Brexit Plans In A Couple Of Weeks, No Muddled Thinking

Ever since the vote to leave the European Union last summer there has been a constant call for the British government to actually lay out how it intends to negotiate. The problem with this of course being that you never do lay out your entire strategy at the start of ...
Tim Worstall, Contributor / Forbes   |   Sun, 8 Jan 2017 13:36:00

Theresa May Defends Government's Approach to Brexit

U.K. Prime Minister Theresa May defended herself against accusations that the government's thinking on Brexit was confused, days after the country's ambassador to the European Union resigned.
WSJ   |   Sun, 8 Jan 2017 12:50:52

Theresa May is failing Brexit Britain

From unsuccessful trade policies to a civil service in chaos, Britain is far from ready for Brexit.
Al Jazeera   |   Sun, 8 Jan 2017 07:35:55

Brexit News Archive: 09 Jan 2017     |     enquire