Brexit News Archive: 08 Feb 2017

Goldman moves London hedge fund to US

Goldman Sachs closes London hedge fund office and moves staff to US but denies it has anything to do with Brexit.
BBC   |   Wed, 8 Feb 2017 23:42:37

Brexit bill passed by U.K. House of Commons

The bill will now go to the House of Lords, which could delay its passage into law, but not derail it The post Brexit bill passed by U.K. House of Commons appeared first on Macleans.ca .
The Associated Press / Macleans   |   Wed, 8 Feb 2017 22:30:42

SNP MPs told off for singing Ode to Joy

Scottish National Party MPs were told off by the deputy speaker for whistling the EU anthem "Ode to joy" as MPs voted on Brexit legislation.
BBC   |   Wed, 8 Feb 2017 22:26:35

Goldman Sachs' Hedge Fund Is Doing A Super Hard Brexit

Lloyd tells London hedgies "You don't have to go to Frankfurt, but you can't stay here."
Dealbreaker   |   Wed, 8 Feb 2017 21:36:52

SNP Sing Ode to Joy as MPs Vote For Brexit

.@theSNP MPs whistle the Anthem of Europe, 'Ode to Joy', as rUK MPs vote to leave the EU. - Ross Colquhoun (@rosscolquhoun) February 8, 2017 Sad! The post SNP Sing Ode to Joy as MPs Vote For Brexit appeared first on Guido Fawkes .
Guy Fawkes' blog   |   Wed, 8 Feb 2017 20:54:50

UK's House of Commons passes bill authorizing Brexit

The government didn't want to let Parliament debate this bill at all.
CNBC   |   Wed, 8 Feb 2017 20:52:00

British MPs approve bill to start Brexit

British MPs overwhelmingly backed a bill on Wednesday empowering Prime Minister Theresa May to start negotiations on leaving the European Union, bringing Brexit a significant step closer. Members of the House of Commons voted 494 by 122 for a law allowing May to trigger Article 50 of the EU's Lisbon ...
Agence France-Presse / South China Morning Post   |   Wed, 8 Feb 2017 20:33:03

Support for Scottish independence rises due to Brexit

Support for Scottish independence has risen since British Prime Minister Theresa May came out last month in favour of Britain making a clean break with the European Union when it leaves the bloc, an opinion poll showed on Wednesday. The poll still showed a slim majority opposed to independence, but ...
Reuters / South China Morning Post   |   Wed, 8 Feb 2017 18:41:43

Irish PM seeks eastern Europe's support over Brexit

Dublin engages in a flurry of diplomacy as it highlights fallout from UK's departure
FT   |   Wed, 8 Feb 2017 15:30:01

UK parliament to hold final vote on Brexit bill

Britain's lower house of parliament is expected to hold a final vote Wednesday on whether Prime Minister Theresa May's government can officially begin the Brexit process.
CNN   |   Wed, 8 Feb 2017 14:18:36

Final Countdown: When is the Brexit Bill vote and how could affect the British pound?

In less than 7-hours, the House of Common is expected to settle the 'Brexit Bill' saga as the final vote clocks at 20:00 GMT. Tonight, the United King
Jose Ricaurte Jaen / FX Street   |   Wed, 8 Feb 2017 13:27:30

Brexit brain drain from London increases possibility of financial meltdown: Think tank

The EU must adopt a stronger oversight of banks in order to avoid a financial meltdown as a result of Brexit; Brussels think tank.
Here Is The City   |   Wed, 8 Feb 2017 13:11:27

UK's House of Commons set to pass bill authorizing Brexit

LONDON (AP) - Britain's House of Commons is set to approve a bill authorizing the start of exit talks with the European Union - a major step on the road to Brexit.
Associated Press   |   Wed, 8 Feb 2017 13:03:26

GBP/USD weaker below 1.25 mark, awaits final vote on Brexit bill

Having posted a session high at 1.2518 level, the GBP/USD pair reversed course and dropped to 1.2475 region before recovering few pips to currently tr
Haresh Menghani / FX Street   |   Wed, 8 Feb 2017 12:54:33

Brexit brain drain from London increases possibility of financial meltdown: Think tank

The EU must adopt a stronger oversight of banks so as to avoid a financial meltdown as a result of Brexit; think tank.
CNBC   |   Wed, 8 Feb 2017 12:30:00

UK pay growth likely to slow despite inflation, says Bank of England

Forecast will dash hopes of those expecting bumper rises as economy shrugs off effects of Brexit vote Hopes of bumper pay rises as the economy shrugs off the effect of the Brexit vote appear to be dashed by a Bank of England survey that predicts a decline in wages growth ...
Phillip Inman Economics correspondent / Guardian   |   Wed, 8 Feb 2017 12:15:18

Post-Brexit trading boost helps Hargreaves Lansdown report strong half-year profits but shares fall

A boost from post-Brexit trading saw investment platform Hargreaves Lansdown PLC (LON:HL.) report strong gains in half-year profits, but is shares fell as net new business inflows were down on the previous year, missing forecasts. The FTSE 100-listed firm saw its pre-tax profits increase by 21% to £131.0mln for the ...
Proactive Investors   |   Wed, 8 Feb 2017 12:15:00

Here's how the roll-back of Dodd-Frank could impact European banks

President Donald Trump is set to dismantle the 2010 Dodd-Frank financial regulatory framework. But hows does it impact European banks?
CNBC   |   Wed, 8 Feb 2017 10:44:00

U.K.'s House of Commons set to pass bill authorizing Brexit

The bill sailed through an earlier vote last week 498-114.
USA Today   |   Wed, 8 Feb 2017 09:58:41

Brexit boosts support for Scottish independence - BMG poll

Support for Scottish independence rose last month after British Prime Minister Theresa May came out in favour of Britain making a clean break with the European Union, a BMG survey for Herald Scotland has shown. It indicated 49 percent of Scots now support independence - a 3 point rise from ...
Times of Malta   |   Wed, 8 Feb 2017 09:02:00

Brexit will cost UK 30,000 finance jobs, says Brussels thinktank

The UK could lose 30,000 finance sector jobs as a result of Brexit, but EU rivals need to act to avoid importing banking risk to the continent, according to an influential thinktank with close ties to the European commission.
Here Is The City   |   Wed, 8 Feb 2017 08:21:24

Brexit live: Jeremy Corbyn faces major rebellion as MPs prepare for final vote on Article 50 Bill

Laura Hughes / Telegraph   |   Wed, 8 Feb 2017 08:01:58

A boost from post-Brexit trading helps Hargreaves Lansdown report strong half-year profits

A boost from post-Brexit trading saw investment platform Hargreaves Lansdown PLC (LON:HRV) report strong gains in half-year profits, although net new business inflows were down on the previous year. The FTSE 100-listed firm saw its pre-tax profits increase by 21% to £131.0mln for the six months to December 31, up ...
Proactive Investors   |   Wed, 8 Feb 2017 07:55:00

Forex Today: Yen volatile in Asia, UK Brexit bill vote in focus

Yet another quiet Asian session this Wednesday, with the Japanese currency having witnessed two-way trades versus the greenback amid reports of BOJ bo
Dhwani Mehta / FX Street   |   Wed, 8 Feb 2017 07:03:17

UK Brexit bill vote: Big event ahead - TDS

Analysts at TDS provide a brief preview of what to expect from the UK Brexit bill vote that is scheduled later today. Key Quotes: "After passing its
Dhwani Mehta / FX Street   |   Wed, 8 Feb 2017 06:36:40

Top bankers face off over impact of messy Brexit

Carney says architecture of financial system could collapse but Draghi disagrees
FT   |   Wed, 8 Feb 2017 05:34:30

Brexit bill set for final vote in House of Commons

MPs will debate further amendments before a final vote, which could reveal fresh Labour rifts.
BBC   |   Wed, 8 Feb 2017 04:53:26

Poll shows support for Scottish independence rising ahead of Brexit talks

Telegraph Reporters / Telegraph   |   Wed, 8 Feb 2017 03:20:46

Brexit will cost UK 30,000 finance jobs, says Brussels thinktank

City's EU rivals must harmonise approach to regulation to avoid banking risk, argues European commision-linked Bruegel The UK could lose 30,000 finance sector jobs as a result of Brexit, but EU rivals need to act to avoid importing banking risk to the continent, according to an influential thinktank with close ...
Jennifer Rankin in Brussels / Guardian   |   Tue, 7 Feb 2017 23:01:00

The Brief from Brussels: how much will Brexit cost Britain?

This is the Brief from Brussels, our daily roundup of the latest news from Europe's de facto capital.
euronews   |   Tue, 7 Feb 2017 21:21:24

GM hit from Brexit takes shine off strong US sales

Group says planned UK exit from EU will prevent return to profit in Europe in 2017
FT   |   Tue, 7 Feb 2017 15:31:59

Back Brexit bill, Jeremy Corbyn orders Labour MPs

Opponents of Brexit are told to back the bill as ministers offer MPs a vote on the final deal.
BBC   |   Tue, 7 Feb 2017 15:06:13

Buoyant US consumers help GM deliver Q4 beat

US sales lift carmaker but Brexit related forex losses hit European profits
FT   |   Tue, 7 Feb 2017 13:45:27

Could Britain Become the New Singapore?: New at Reason

The people of the United Kingdom, and its politicians, have options after Brexit. Marian Tupy writes: On June 23, 2016, the British people voted in a referendum to leave the European Union. The shock on both sides of the English Channel was palpable and two schools of thought on the ...
Hit & Run   |   Tue, 7 Feb 2017 12:00:00

Corbyn orders Labour MPs to vote for Brexit bill even if they fail to win a single amendment

LONDON - Jeremy Corbyn will impose a three-line-whip on Labour MPs compelling them to vote to leave the EU, even if the party fails to win a single amendment to the Brexit bill. A senior Labour source confirmed to Business Insider that MPs will be expected to vote for Theresa ...
Business Insider   |   Tue, 7 Feb 2017 11:53:23

Beijing advises Chinese companies operating in Britain to take 'precautions' over Brexit

Chinese companies operating in Britain, especially in the financial sector or whose European headquarters are in Britain, need to take owing to uncertainly over Brexit, China's ambassador to Britain said. Before Britain's vote to exit the European Union last June, Beijing had not directly stated an opinion, viewing it as ...
Reuters / South China Morning Post   |   Tue, 7 Feb 2017 08:51:33

China advises companies to take 'precautions' over Brexit

Chinese companies operating in Britain, especially in the financial sector or whose European headquarters are in Britain, need to take due to uncertainly over Brexit, China's ambassador to London said. Before Britain's vote to exit the European Union in June last year, China had not directly stated an opinion, viewing ...
Japan Times   |   Tue, 7 Feb 2017 07:52:58