Brexit News Archive: 01 Apr 2017

Europe Starts Freezing Britain Out Of EU Contracts

Diplomatic relations between the UK and EU are fast approaching zero degrees Kelvin. One day after Theresa May not only cemented, but allowed herself Brexit negotiating breathing room with her stunning, yet cunning decision to announce snap elections which would only boost the leverage of her party, Brussles has retaliated ...
Zero Hedge   |   Wed, 19 Apr 2017 21:19:03

How Theresa May's Election Gambit Could Strengthen Her Brexit Hand

Seeking Alpha   |   Wed, 19 Apr 2017 17:27:29

Could election improve UK's Brexit position?

How did the Brexit timetable affect the decision to call an early general election?
BBC   |   Wed, 19 Apr 2017 16:26:01

Theresa May's snap election: Smart, risky or cynical?

Al Jazeera speaks to three analysts about the reasons for May's surprise move and the vote's impact on Brexit talks.
Al Jazeera   |   Wed, 19 Apr 2017 15:09:01

IMF Says Brexit Unpredictable Outcome Poses Risk to Global Finance

The International Monetary Fund has warned that Brexit's unpredictable outcome poses a risk to global financial stability at a time when it is already challenged by heavily-indebted US corporations, China's credit bubble and weak European banks. Warning that banks were likely to be the sector of the City hardest hit ...
OANDA   |   Wed, 19 Apr 2017 14:50:46

Theresa May wins backing for snap UK election

Prime minister says poll victory would strengthen her hand in Brexit negotiations
FT   |   Wed, 19 Apr 2017 14:03:36

Theresa May and the Snap Elections: Keep Calm and Brexit On

Freddy Gray Politics, Europe If her victory is anything less than overwhelming, May's snap election could end up dramatically weakening her authority. Theresa May, the British Conservative prime minister, is a difficult read. Last year, a month before Britain's EU referendum, she told a Goldman Sachs audience in London that ...
National Interest   |   Wed, 19 Apr 2017 14:03:00

For U.K. Multinationals, Brexit Bounce May Be Over

Many U.K. multinationals enjoyed a big Brexit bump, as a lower pound made their exports more competitive and their overseas sales more valuable once converted back into sterling. The currency's recent rally may augur an end to further gains.
WSJ   |   Wed, 19 Apr 2017 13:56:00

Theresa May and the Crisis of British Progressivism

Last September, Andrew Marr, the host of a Sunday morning political show on the BBC, interviewed Theresa May, the Conservative Party politician who had succeeded David Cameron as Britain's Prime Minister after the Leave side's narrow victory in the Brexit referendum, in June. With the Conservatives holding a big lead ...
New Yorker   |   Wed, 19 Apr 2017 12:33:58

Brexit's unpredictable outcome poses risk to global stability, says IMF

Organisation also says financial stability is threatened by US corporate debt, China's credit bubble and weak EU banks The International Monetary Fund has warned that Brexit's unpredictable outcome poses a risk to global financial stability at a time when it is already challenged by heavily-indebted US corporations, China's credit bubble ...
Larry Elliott in Washington / Guardian   |   Wed, 19 Apr 2017 12:30:21

UK Snap Elections: May seeks to strengthen her Brexit hand - HSBC

The research team at HSBC explains that after the UK PM Theresa May announced her intention to hold an election on 8 June, the latest polls suggest th
Sandeep Kanihama / FX Street   |   Wed, 19 Apr 2017 12:02:12

U.K. Parliament Set to Vote on Early Election

Prime Minister Theresa May is seeking an election on June 8 to give her government more flexibility in upcoming Brexit negotiations with the European Union.
WSJ   |   Wed, 19 Apr 2017 11:59:38

'Real' Brexit talks will only start after UK general election in June, says Jean-Claude Juncker

Danny Boyle / Telegraph   |   Wed, 19 Apr 2017 11:54:07

Ruth Davidson suggests big election win will stop 'Brexiteer bastards' holding Theresa May to ransom

Simon Johnson / Telegraph   |   Wed, 19 Apr 2017 11:41:46

Today's News: April 19, 2017

-Democrat Jon Ossoff failed narrowly in his bid to avoid a runoff in a special election in Georgia to replace former Republican Representative Tom Price. -U.K. Prime Minister Theresa May says new elections give her the "strongest hand" in negotiations over Brexit. -We're tracking the news stories of the day ...
The Editors / The Atlantic   |   Wed, 19 Apr 2017 10:48:27

EU Behind May's Decision to Hold Snap Election

European officials have indicated a desire that the upcoming snap election in Britain will lead to a "strong" leadership in Westminster and bring more clarity to current Brexit negotiations. Capitals across Europe have been left surprised with the announcement by U.K. Prime Minister Theresa May on Tuesday, who called for ...
OANDA   |   Wed, 19 Apr 2017 10:38:54

U.K.'s Theresa May Calls Early Election, Seeking Brexit Leverage

Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon Dawson/Bloomberg NewsSimon ...
WSJ   |   Wed, 19 Apr 2017 09:18:29

A physical gold dealer saw a 119% increase in sales when Theresa May called for a snap election

LONDON - It is almost one year after the Brexit referendum and the UK is still subject to political shocks. Prime Minister Theresa May surprised the public when she called for an early general election on Tuesday, and sent cautious savers to seek safety in physical gold. The Pure Gold ...
Business Insider   |   Wed, 19 Apr 2017 08:33:06

May insists election will 'strengthen' Brexit talks

MPs are expected to back PM's call for a snap poll on Wednesday
FT   |   Wed, 19 Apr 2017 08:23:35

Will Theresa May's snap-poll gamble pay off as she stakes political future on Brexit?

British Prime Minister Theresa May has called for a snap general election on June 8, with Brexit the primary motivation. The announcement signals the third UK-wide vote in two years, and has taken the country by surprise, after repeated denials of any national ballot before the scheduled one in May ...
Andrew Hammond / South China Morning Post   |   Wed, 19 Apr 2017 07:46:59

Engineering software specialist Aveva expects return to full year revenue and profit growth on weaker post-Brexit pound

Aveva Group plc (LON:AVV) expects a return to full year revenue and profit growth in line with market forecasts, boosted by positive foreign exchange rates. The engineering software company also anticipates cash generation in the fiscal year ended 31 March will be ahead of estimates, closing the year with about ...
Proactive Investors   |   Wed, 19 Apr 2017 07:40:00

UK PM Theresa May: Election will help strengthen position in EU Brexit talks

The UK PM Theresa May is out on the wires now, speaking on the upcoming general election to Nick Robinson on BBC Radio 4. Key Headlines: Election wi
Dhwani Mehta / FX Street   |   Wed, 19 Apr 2017 07:18:18

Theresa May Snap Election Call Is Right for Brexit Britain

Theresa May Snap Election Call Is Right for Brexit Britain Here is the opening of today's main story, from the Financial Times: Even by her Sphinx-like standards, Theresa May's announcement of a snap general election was a well-kept secret. It was also an abrupt reversal: since entering Number 10 after ...
Proactive Investors   |   Wed, 19 Apr 2017 07:14:00

Aveva expects return to full year revenue and profit growth on weaker post-Brexit pound

Aveva Group plc (LON:AVV) expects a return to full year revenue and profit growth in line with market forecasts, boosted by positive foreign exchange rates. The engineering software company also anticipates cash generation in the fiscal year ended 31 March will be ahead of estimates, closing the year with about ...
Proactive Investors   |   Wed, 19 Apr 2017 06:56:00

WSJ City: Sterling Move Suggests Softer Brexit Ride, Election Won't Make EU Talks Simpler

Good morning from the WSJ City desks in London. Be the first with high-value stories. Download WSJ City for on your mobile and let us keep you in the loop from 6am. The WSJ City app. Upwardly mobile. iPhone and Android. Your friends and colleagues can sign up to this ...
MoneyBeat   |   Wed, 19 Apr 2017 06:45:39

The UK's snap election makes a softer Brexit more likely

Theresa May has announced plans to call a UK general election for 8 June. Tim Bale writes that there is little doubt about the result, with the Conservatives a long distance ahead of Labour in the polls. But if the election does deliver a large majority for May, it could ...
EUROPP   |   Wed, 19 Apr 2017 06:30:25

Protecting UK financial services post-Brexit a priority for FCA

The City regulator has pledged to ensure that financial firms remain strong in the face of Brexit in its annual list of priorities, which also includes protecting vulnerable customers from overly expensive loans.
Here Is The City   |   Wed, 19 Apr 2017 06:20:06

U.K. Snap Election Won't Make Brexit Simpler

U.K. Prime Minister Theresa May has called a snap election in June: This looks likely to strengthen her hand at home. But it won't make closing a post-Brexit trade deal with Europe any simpler.
WSJ   |   Wed, 19 Apr 2017 06:18:36

UK prime minister moves to strengthen Brexit hand

May calls voters to polls, less than a month after categorically denying she might
FT   |   Wed, 19 Apr 2017 05:56:56

Britain's May betting an early election will buy her more time to hash out Brexit

Nine months after becoming prime minister, Theresa May is learning how to gamble. Long branded a risk-averse micromanager, May is betting that a crushing election ...
Japan Times   |   Wed, 19 Apr 2017 04:04:38

Theresa May's real reason for calling UK election? To show EU that Brexit really means Brexit

Of the many reasons UK Prime Minister Theresa May supplied for calling a general election, the Conservative leader provided one particularly important one. She believes she still needs to convince her European counterparts that Brexit does indeed mean Brexit. A Brexit mandate, delivering a large Conservative Commons majority, would sweep ...
The Guardian / South China Morning Post   |   Wed, 19 Apr 2017 00:15:03

UK to Gibraltar: We will protect you in Brexit talks with EU

LONDON (AP) - Britain sought Saturday to reassure Gibraltar that it will protect the territory's interests in upcoming talks on exiting the European Union amid a dispute with Spain that underscores the complications of Britain's EU divorce.
Associated Press   |   Sat, 1 Apr 2017 13:03:44

EU offers Spain veto right over Gibraltar after Brexit talks

The EU on Friday offered Spain veto rights over the future relationship between Gibraltar and the bloc after Brexit.
CNBC   |   Sat, 1 Apr 2017 08:07:00

'Brexit' Makes Sense But Restructuring NAFTA Is Nonsense

Whereas Brexit could well be what the doctor has ordered to revitalize the EU, renegotiating NAFTA--especially unhinging Mexico from the U.S.--could open up a can of worms for the Trump team and a huge unforeseen risk of Mexico inviting China to the backyard of the U.S.
Harry G. Broadman, Contributor / Forbes   |   Sat, 1 Apr 2017 03:53:00

EU Rules Out U.K. Trade Deal Before Brexit Is Finalized

The EU won't agree to any future trade pact with the U.K. until after Britain leaves the bloc and will look to set tight conditions on a divorce deal during coming talks, according to a draft of the bloc's negotiating guidelines.
WSJ   |   Sat, 1 Apr 2017 02:13:01

Reuters Poll: Managers Trim Equities, Raise Cash in March as Trump Trade Fades

Global investors trimmed U.S. equity exposures in March and raised cash to the highest levels since November as cracks in the Trump trade begin to appear, according to a monthly Reuters poll of fund managers and CIOs, while UK stock holdings were slashed to 5-1/2-year lows on Brexit worries. read ...
FINalternatives   |   Sat, 1 Apr 2017 00:42:06

Europe moves to bar Britain from axing EU red tape and cutting taxes after Brexit as price of trade deal

Steven Swinford / Telegraph   |   Fri, 31 Mar 2017 21:00:00

Mutual understanding key to smoothing Brexit talks

There is perhaps no more difficult a decision than divorce. Britain has embarked on such a process in leaving the European Union, the two-year exit process having been formally triggered with the handing over of a letter to EU Council president Donald Tusk. British Prime Minister Theresa May put on ...
SCMP Editorial / South China Morning Post   |   Fri, 31 Mar 2017 20:06:23

Gibraltar anger as Spain handed veto in Brexit deal

Condition in EU negotiating guidelines presents stumbling block for Theresa May
FT   |   Fri, 31 Mar 2017 18:20:44

EU dangles Spain veto over Gibraltar in Brexit deal

The territory presents some thorny problems for Theresa May
FT   |   Fri, 31 Mar 2017 17:56:23

EU's Brexit guidelines open a path to a deal

Text offers an unvarnished view of what UK will lose, but with wriggle room
FT   |   Fri, 31 Mar 2017 17:12:28

Brexit & Beyond: EU Rules Out Trade Deal Before Divorce, Brexit Wishes Clash with Reality, EU Unity Tested

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 European Union won't agree to any future trade pact with the U.K. until after Britain leaves ...
MoneyBeat   |   Fri, 31 Mar 2017 16:55:43

Spain given veto over future of Gibraltar after Brexit

The European Union on Friday offered Spain a veto right over the future relationship between Gibraltar and the EU after Britain leaves the bloc, a move that could smooth Brexit talks but also dash Gibraltar's hopes to win a special status. The future of Gibraltar, a rocky British enclave on ...
Reuters / South China Morning Post   |   Fri, 31 Mar 2017 16:44:46

EU offers Spain veto right over Gibraltar in Brexit talks

The European Union today offered Spain a veto right over the future relationship between Gibraltar and the EU after Britain leaves the bloc, a move that could smooth Brexit talks but also dash Gibraltar's hopes to win a special status. The future of Gibraltar, a rocky British enclave on Spain's ...
Alastair Macdonald and Jesús Aguado for Reuters / Times of Malta   |   Fri, 31 Mar 2017 16:29:00

Brexit, Syria, No Visas For Ukraine: EU Week Ahead April 3-7

Brexit continues to dominate the European Union's agenda, with attention turning to the European Parliament which will lay out its red lines for the upcoming negotiations. While the EU parliament does not sit at the actual negotiation table with the U.K., it will have a veto at the end of ...
WSJ Brussels   |   Fri, 31 Mar 2017 16:08:29

Gibraltar outraged that Spain has veto power over its future

MADRID (AP) - Gibraltar expressed outrage Friday at how it said Spain is using the U.K.'s impending departure from the European Union to force renegotiations on the future of Gibraltar, the territory that Spain has been trying to get back from Britain for 300 years.
Associated Press   |   Fri, 31 Mar 2017 15:20:00

Brexit: MPs angered by EU 'veto' over Gibraltar

British sovereignty is non-negotiable, MPs say, as the EU suggests Spain has a say on future arrangements.
BBC   |   Fri, 31 Mar 2017 14:26:55

Trade minister says Canada breaking no rules in talking to U.K. ahead of Brexit

Canada and Britain are holding informal free trade talks, even though Britain is barred from direct negotiations before it formalizes its Brexit divorce from the European Union.
The Canadian Press / CBC   |   Fri, 31 Mar 2017 14:10:46

No EU-UK deal will apply to Gibraltar without agreement from Spain

European guidelines to the Brexit negotiations specifically mention the disputed territory and provide backing to Spanish demands for bilateral talks with London
Javier Casqueiro, Lucía Abellán / EL PAÍS   |   Fri, 31 Mar 2017 14:07:13

EU wants to solve divorce before fall talks on UK's future

BRUSSELS (AP) - The European Union on Friday raised the possibility of starting general talks on Britain's future relationship with the bloc as early as the fall if decisive progress is made on key parts of the divorce proceedings - a move that grants some of the British prime minister's ...
Associated Press   |   Fri, 31 Mar 2017 13:08:00

Spain has the power to veto any Brexit deal that involves Gibraltar

LONDON - The Spanish government will have the power to block any Brexit deal involving the British overseas territory of Gibraltar. In a major diplomatic victory for Madrid, the EU's draft guidelines for Brexit talks with Britain state that any divorce deal that applies to Gibraltar will require the approval ...
Business Insider   |   Fri, 31 Mar 2017 11:59:19

On It’s Divorce First, Trade Talks Later, E.U. Tells U.K.

Brussels has long insisted that Britain must reach a deal on its withdrawal before making any agreement on access to the single market.
JAMES KANTER / NY Times   |   Fri, 31 Mar 2017 11:35:46

Canada, Britain hold 'informal' trade talks ahead of Brexit

Britain warned against any unilateral action, including trade talks, before it formalizes its departure
Mike Blanchfield / Globe and Mail   |   Fri, 31 Mar 2017 11:26:25

Outrage as Spain and EU accused of using Brexit to take back Gibraltar, as MPs say Britain will 'not be bullied'

Steven Swinford / Telegraph   |   Fri, 31 Mar 2017 11:25:05

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

Here is what you need to know. The EU publishes its plan for Brexit talks. The EU says discussions will take place in three phases: 1) The settlement of key questions regarding Britain's exit 2) Talks about future trade deals 3) Negotiations for a possible transitional agreement. South Africa's finance ...
Business Insider   |   Fri, 31 Mar 2017 10:53:00

The EU's draft Brexit guidelines look anything but punitive

Open Europe's Vincenzo Scarpetta gives his initial take on the first draft of the EU's guidelines for the upcoming Brexit negotiations. The post The EU's draft Brexit guidelines look anything but punitive appeared first on Open Europe .
Open Europe   |   Fri, 31 Mar 2017 10:33:07

EU: Settle Brexit items, then hold fall talks on UK's future

BRUSSELS (AP) - The European Union on Friday raised the possibility of starting general talks on Britain's future relationship with the bloc as early as the fall if decisive progress is made on key parts of the divorce proceedings - a move that grants some of the British prime minister's ...
Associated Press   |   Fri, 31 Mar 2017 10:19:00

EU unveils draft guidelines for big Brexit talks

The EU has unveiled its plans for negotiating the big Brexit, after the UK formally filed for a divorce.
euronews   |   Fri, 31 Mar 2017 10:18:25

Nigel Farage Bonds With Donald Trump

British politician NIgelFarage, who campaigned for Brexit and for Donald Trump last year, has become a regular presence in the president's orbit, offering counsel and comparing notes.
WSJ   |   Fri, 31 Mar 2017 10:10:24

EU Rules Out U.K. Trade Deal Before Brexit Is Finalized

The European Union won't agree to any future trade pact with the U.K. until after Britain leaves the bloc and will look to set tight conditions on a divorce deal, according to a draft of the bloc's negotiating guidelines.
WSJ   |   Fri, 31 Mar 2017 09:00:41

EU: Ready to open trade talks with UK before Brexit

Reuters reports latest draft guidelines from the European Union (EU), noting that EU is ready to begin trade talks before Brexit. Main Points: Ready
Dhwani Mehta / FX Street   |   Fri, 31 Mar 2017 08:53:57

EU: Fix key UK Brexit items 1st, then fall talks on future

BRUSSELS (AP) - The European Union on Friday raised the possibility of starting general talks on Britain's future relationship with the bloc as early as the fall if quick progress is made on key parts of the divorce proceedings - a move that grants some of the wishes of British ...
Associated Press   |   Fri, 31 Mar 2017 08:47:00

In full: The EU's draft guidelines for Brexit negotiations

Telegraph   |   Fri, 31 Mar 2017 08:46:35

Brexit: EU to talk trade before final divorce

The European Union has set out its draft negotiating position on Brexit -- and it offers the possibility that trade talks could begin before the UK leaves the bloc.
CNN   |   Fri, 31 Mar 2017 08:24:04

EU offers pre-Brexit trade talks, tough on transition

The European Union is ready to talk to Britain on a future free trade deal before the two sides agree final terms on Brexit, draft EU negotiating guidelines issued show. As part of a "phased approach", Britain would just have to show "sufficient progress" on its divorce settlement in a ...
Times of Malta   |   Fri, 31 Mar 2017 08:18:00

Brexit made Britain's house prices fall for the first time in two years

LONDON - Britain's house prices are falling month-on-month for the first time since June 2015, according to Nationwide's March House Price Index, as Brexit-induced inflation begins to weaken buyer sentiment. House prices fell by 0.3% in the month, after taking account of seasonal effects, and the annual rate of house ...
Business Insider   |   Fri, 31 Mar 2017 08:07:24

The EU publishes its official plan for Brexit talks

LONDON - European Council President Donald Tusk has published a letter outlining how the European Union will approach Brexit talks with Britain. In the letter sent to UK government and the other 27 member states, Tusk says discussions over a long-term UK-EU trade deal could begin once "sufficient progress" has ...
Business Insider   |   Fri, 31 Mar 2017 08:03:04

UK EU Trade Talks Could Take Place Before Final Divorce Terms Agreed

The European Union is ready to talk to Britain on a future free trade deal before the two sides agree final terms on Brexit, draft EU negotiating guidelines issued on Friday show. As part of a "phased approach", Britain would just have to show "sufficient progress" on its divorce settlement ...
OANDA   |   Fri, 31 Mar 2017 07:54:01

EU stands firm on Brexit plan; no trade deal before the divorce

The European Union is ready to talk to Britain on a future free trade deal before the two sides agree final terms on Brexit, draft EU negotiating guidelines issued on Friday show.
CNBC   |   Fri, 31 Mar 2017 07:53:00

Sturgeon Demands Second Referendum in Letter

Scottish First Minister Nicola Sturgeon has written to Prime Minister Theresa May formally demanding that she allow a second referendum to be held on Scottish independence ahead of the United Kingdom's exit from the European Union. The results of the June Brexit referendum called the country's future into question because ...
OANDA   |   Fri, 31 Mar 2017 07:41:31

EU draws up tough stance on Brexit transition deal

Initial Brussels guidelines prioritise withdrawal terms over future relations
FT   |   Fri, 31 Mar 2017 07:31:24

JPMorgan is in talks to buy a Dublin office that can hold 1,000 people

LONDON - JPMorgan looks close to choosing Dublin, Republic of Ireland, as its post-Brexit European Union base. The investment bank is in talks to buy a Dublin office building that can hold up to 1,000 people, as first reported by Bloomberg. However, the bank said in a statement to Bloomberg: ...
Business Insider   |   Fri, 31 Mar 2017 07:14:05

Donald Tusk to set out negotiation guidelines as European leaders reject Theresa May's Brexit timetable

Laura Hughes / Telegraph   |   Fri, 31 Mar 2017 07:00:52

WSJ City: Brexit Wishes Clash With Reality, Airlines Face Turbulence, Flynn Offers to Testify on Russia

Good morning from the WSJ City desks in London. WSJ City is the app that delivers fast, smart news on mobile for London. Download for iPhone or Android. Here's essential reading on today's developments. MUST READS FROM WSJ CITY Some British ambitions in the EU divorce negotiations launched this week ...
MoneyBeat   |   Fri, 31 Mar 2017 06:33:10

JP Morgan in talks to buy Dublin building that could hold 1,000 staff

JP Morgan is in talks to buy an office building in Dublin big enough to hold more than 1,000 workers, increasing speculation that it will move jobs from London as a result of Brexit.
Here Is The City   |   Fri, 31 Mar 2017 06:22:51

Britain needs to put banks and professional services at the heart of Brexit trade talks

LONDON - The services industry - everything from banking, architecture, IT, and management consultancy - is arguably the most important part of Britain's economy because it makes up nearly 80% of GDP. Services are even a bigger growth area than goods. For these two reasons Britain's government should concentrate on ...
Business Insider   |   Fri, 31 Mar 2017 06:00:00

The Latest: EU official says 2 years not enough for Brexit

BRUSSELS (AP) - The Latest on Brexit (all times local):
Associated Press   |   Fri, 31 Mar 2017 05:45:00

European Union lays out draft Brexit guidelines

The United Kingdom formally began its exit from the EU on Wednesday.
USA Today   |   Fri, 31 Mar 2017 05:28:40