Brexit News Archive: 21 Feb 2017

EU's Juncker Verbally Slaps U.K. Over Brexit

The European Commission president said Britain would face a "very steep" bill and years of negotiations to establish a new working relationship with the bloc.
WSJ   |   Tue, 21 Feb 2017 19:33:38

UK's House of Lords thrashes out Brexit bill

Unfettered by the concerns of voters, the UK's unelected House of Lords has begun its second day of debate on the "key purpose and principles" of legislation to withdraw from the European Union.
CNN   |   Tue, 21 Feb 2017 16:15:54

Rising protectionism sparks HSBC profit fall

( - Protectionist fears under Donald Trump and uncertainties caused by Brexit sparked a huge plunge in 2016 profits, global banking giant HSBC said Tuesday.
The China Post   |   Tue, 21 Feb 2017 16:02:00

EU President, Juncker, Huffs And Puffs That Brexit Bill Will Be Very Hefty

But the takeaway here is the Jean-Claude can start demanding whatever he likes in terms of the divorce payment but it's not going to be, on net, anything like what is currently being asked for.
Tim Worstall, Contributor / Forbes   |   Tue, 21 Feb 2017 15:35:00

'No cut-price Brexit' - UK will pay a 'salty' (hefty) bill for leaving EU, Jean-Claude Juncker warns Theresa May

Laura Hughes / Telegraph   |   Tue, 21 Feb 2017 15:29:27

Jean-Claude Juncker: UK faces hefty Brexit bill

The European Commission's president warns of a "tough" two-year divorce negotiation with the EU.
BBC   |   Tue, 21 Feb 2017 14:20:13

Brexit: 4.2 million migrants still in limbo

It's still not clear whether millions of European Union migrants living in the U.K. will be permitted to stay in the country.
CNN   |   Tue, 21 Feb 2017 13:21:23

Britain will be plunged into its biggest turmoil in over a century if peers attempt to thwart Brexit, William Hague warns peers as Theresa May attends House of Lords Article 50 debate in person

Christopher Hope / Telegraph   |   Tue, 21 Feb 2017 12:16:49

EUR/GBP: Brexit starting positions? - Rabobank

Jane Foley, Senior FX Strategist at Rabobank, suggests that relative to the volatility experienced since last summer's Brexit referendum, EUR/GBP has
Sandeep Kanihama / FX Street   |   Tue, 21 Feb 2017 12:01:08

Brexit Bill: Theresa May warns House of Lords against blocking EU exit as peers begin second day of Article 50 debate

Laura Hughes / Telegraph   |   Tue, 21 Feb 2017 10:05:08

HSBC profits plunge as one-off costs eat into bottom line

HSBC revealed this morning that its profits have dropped dramatically after a series of one-off hits eroded its bottom line, and added that it was considering moving 1,000 jobs from London to Paris because of last year's Brexit vote.
Here Is The City   |   Tue, 21 Feb 2017 08:09:40

Brexit: How might the Lords disrupt the Bill, what happens if they do and when will Article 50 be triggered?

Christopher Hope / Telegraph   |   Tue, 21 Feb 2017 07:48:55

UK factories pick up pace but so do price pressures

British manufacturers had their best month in two years in February but the post-Brexit vote fall in the value of the pound is making them push up their prices sharply, posing a challenge for 2017, an industry survey showed. The Confederation for British Industry's monthly reading of the factory sector ...
Reuters / Times of Malta   |   Tue, 21 Feb 2017 06:30:00

Amazon says to create 5,000 jobs in UK

( - US tech and retail giant Amazon on Monday said it would create 5,000 British jobs this year, in a show of confidence in the UK economy ahead of Brexit.
The China Post   |   Mon, 20 Feb 2017 22:00:00

Theresa May peers over Lords' shoulders on Brexit

PM takes unusual step of watching upper house debate Article 50 bill in person
FT   |   Mon, 20 Feb 2017 19:26:48

Brexit: 4.2 million migrants still wait to learn their fate

It's still not clear whether millions of European Union migrants living in the U.K. will be permitted to stay in the country.
CNN   |   Mon, 20 Feb 2017 17:39:52

EUR/GBP: in consolidation while Brexit concerns are back in focus

Currently, EUR/GBP is trading at 0.8518, down -0.28% on the day, having posted a daily high at 0.8558 and low at 0.8510. EUR/GBP is consolidated on t
Ross J Burland / FX Street   |   Mon, 20 Feb 2017 15:41:07

Theresa May is in the House of Lords staring at peers as they debate whether she can trigger Article 50

LONDON - Prime Minister Theresa May was sat in the House of Lords on Monday afternoon watching peers debate whether she should be allowed to trigger Article 50 of the Lisbon Treaty. May watched on from a gold throne as members of the unelected chamber began to debate the Brexit ...
Business Insider   |   Mon, 20 Feb 2017 15:38:13

House of Lords debate on Article 50 - Brexit Live Stream

The House of Lords will start its 2-day debate on Article 50 at 1530h GMT. Expectations are for the bill to pass without amendments despite it potenti
FXStreet Team / FX Street   |   Mon, 20 Feb 2017 15:16:14

Amazon hiring 5,000 workers in U.K. despite Brexit fears

Amazon will hire 5,000 new employees in the U.K. this year, making it the latest elite tech firm to brush aside fears over Brexit.
CNN   |   Mon, 20 Feb 2017 11:56:04

UK House Prices See Slowest Growth Since 2009

Asking prices for homes in England and Wales are rising more slowly due to rising consumer price inflation, worries about Brexit and tighter lending rules, property data firm Rightmove said on Monday, adding to signs of a slowing property market. Prices sought by sellers during the month to Feb. 11 ...
OANDA   |   Mon, 20 Feb 2017 10:24:49

Brexit vote: what happens now, will House of Lords change Bill and when will Article 50 be triggered?

Christopher Hope / Telegraph   |   Mon, 20 Feb 2017 07:02:38

Brexit: Lords to begin debating bill to trigger Article 50

Opposition peers could seek guarantees on the bill paving the way for the UK to leave EU.
BBC   |   Mon, 20 Feb 2017 03:58:17