Brexit News Archive: 20 Jul 2017

Daily briefing: May reassures business, Trump-Russia probe expands and Detroit riots at 50

British PM warms to Brexit 'implementation phase'
FT   |   Thu, 20 Jul 2017 19:56:03

May pledges no Brexit 'cliff edge' for business

PM tells first meeting of Number 10 business council she is aiming for transition deal
FT   |   Thu, 20 Jul 2017 17:28:27

Barnier says it is 'vital' UK clarifies stance on Brexit bill

Negotiator warns of 'fundamental split' over EU citizens' rights after leaving bloc
FT   |   Thu, 20 Jul 2017 12:23:18

Opening Bell: 7.20.17

Goldman is losing ground to Morgan Stanley; John Cryan sees a hard Brexit coming; doctors found 27 contact lenses in some lady's eye; and more.
Dealbreaker   |   Thu, 20 Jul 2017 11:54:27

EU's Barnier Seeks Clarity From U.K. Over Brexit Divorce Bill

The European Union's chief negotiator Michel Barnier said some progress was made in the second round of Brexit talks this week but urged the U.K to offer more clarity on its positions on the divorce bill and several other important issues.
WSJ   |   Thu, 20 Jul 2017 11:49:05

UK Brexit Sec Davis: encouraged by progress in Brexit talks

UK Brexit secretary, David Davis was on news wires last hour, via Reuters, saying that Britain recognizes international responsibilities & rights rega
Haresh Menghani / FX Street   |   Thu, 20 Jul 2017 11:30:12

Liam Fox says UK can 'survive' with no Brexit trade deal

International trade secretary says deal should be 'one of the easiest in human history'
FT   |   Thu, 20 Jul 2017 10:25:26

Liam Fox insists UK can 'survive' without post-Brexit free trade deal with the EU

Jack Maidment / Telegraph   |   Thu, 20 Jul 2017 07:48:07

UK TradeMin Fox: We can survive with no Brexit deal - BBC Radio

The UK Trade Minister Liam Fox is out on the wires now, speaking to BBC Radio on the Brexit deal. Key Points via Livesquawk: We can survive with no
Dhwani Mehta / FX Street   |   Thu, 20 Jul 2017 07:37:40

UK Brexit negotiator encouraged by progress of talks with EU

BRUSSELS (AP) - The UK's chief Brexit negotiator says that a week of talks with the European Union has given "us a lot to be positive about."
Associated Press   |   Thu, 20 Jul 2017 07:15:00

May seeks to ease Brexit fears at new business council

Prime Minister Theresa May will chair a discussion on Brexit and the economy at the first meeting of a new business council today, a bid to rebuild bridges with companies concerned over Britain's departure from the European Union. After losing the governing Conservatives' parliamentary majority at an ill-judged election last ...
Reuters / Times of Malta   |   Thu, 20 Jul 2017 06:10:18

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Thursday. 1. Morgan Stanley has become the latest global bank to pick Frankfurt for its new trading headquarters inside the European Union after Brexit, according to people briefed on the decision. Bloomberg reports that the firm plans to relocate ...
Business Insider   |   Thu, 20 Jul 2017 06:08:37

UK: Retail sales to post flat reading of 0.4% for June - TDS

In view of analysts at TDS, the UK consumer likely held back on spending growth in June as political uncertainty and Brexit headlines continued to dom
Sandeep Kanihama / FX Street   |   Thu, 20 Jul 2017 05:41:58

Where Will Banks Go After Brexit? Frankfurt Takes Early Lead

Germany is favored for its stable political and economic environment, a well-educated workforce that speaks English and reasonable costs.
WSJ   |   Thu, 20 Jul 2017 04:01:25

Citigroup said to open Frankfurt hub as banks consider post-'Brexit' moves

Citigroup is seeking to reduce its dependence on London by opening a second trading hub in Frankfurt, the NYT reports.
CNBC   |   Thu, 20 Jul 2017 01:48:00

Brexit talks: progress on rights but divorce bill still a sticking point

Peter Foster / Telegraph   |   Wed, 19 Jul 2017 17:31:07

BoE: threat of a rate hike reduced - ING

James Knightley, Senior Economist at ING noted that the second round of Brexit negotiations is underway this week with discussions focusing on the UK'
Ross J Burland / FX Street   |   Wed, 19 Jul 2017 17:30:19

Citigroup Said to Open Frankfurt Hub as Banks Consider Moves

The American bank is the latest financial company to announce plans to open a European Union outpost in preparation for a future after Britain leaves the bloc.
CHAD BRAY and MICHAEL CORKERY / NY Times   |   Wed, 19 Jul 2017 16:53:52

Morgan Stanley Picks Frankfurt for Its New EU Trading Hub

Morgan Stanley Picks Frankfurt for Its New EU Trading Hub #Brexit â Yves Hilpisch (@dyjh) July 19, 2017
MoneyScience   |   Wed, 19 Jul 2017 16:38:40

UK Brexit bill talks hit impasse

Adding 'UK correction' from 1984 as factor in settlement adds to tensions
FT   |   Wed, 19 Jul 2017 16:37:34

Morgan Stanley picks Frankfurt as post-Brexit hub

Move by US investment firm could put 200 City jobs at risk US investment bank Morgan Stanley is understood to have chosen Frankfurt as the site of its post-Brexit EU hub in a move that could put 200 City jobs under threat. The bank will be applying for a licence ...
Simon Goodley / Guardian   |   Wed, 19 Jul 2017 16:11:56

Surge in Irish passport applications by UK citizens

The jump in demand appears to have been spurred by Brexit
FT   |   Wed, 19 Jul 2017 16:10:42

Brexit has caused a surge in applications for Irish passports, with more than half a million already this year

Over half a million people have already applied for new Irish passports this year, according to new figures released by the Irish foreign ministry. More than 500,000 Irish passports were issued between January and June, with about 100,000 going to residents of Britain and Northern Ireland. That compares to an ...
Business Insider   |   Wed, 19 Jul 2017 15:30:00

WSJ City PM: Frankfurt Takes Early Brexit Lead, Investors Grow More Bearish, Morgan Stanley Traders Outperform

Good afternoon 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 Germany's financial hub is taking an early lead in attracting banking ...
MoneyBeat   |   Wed, 19 Jul 2017 15:21:50

State pension age to rise to 68 from 2037, seven years early, David Gauke tells MPs - Politics live

Rolling coverage of the day's political developments as they happen, including Theresa May and Jeremy Corbyn at the last PMQs before the summer recess PMQs - Snap verdict PMQs - Verdict from the Twitter commentariat 2.29pm BST Here are some more details from David Gauke's statement, and from the documents ...
Andrew Sparrow / Guardian   |   Wed, 19 Jul 2017 13:29:01

GBP/EUR: Political developments will be important - Lloyds Bank

The progression of Brexit negotiations, UK political developments, and European elections (in Germany and Italy) will be important considerations for
Sandeep Kanihama / FX Street   |   Wed, 19 Jul 2017 13:05:18

UPDATE 2-Northern Trust to set up EU bank in Luxembourg ahead of Brexit

LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern ...
CNBC   |   Wed, 19 Jul 2017 10:14:00

UPDATE 1-Northern Trust to set up EU bank in Luxembourg ahead of Brexit

LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern ...
CNBC   |   Wed, 19 Jul 2017 09:21:00

Northern Trust to set up EU bank in Luxembourg ahead of Brexit

LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and ...
CNBC   |   Wed, 19 Jul 2017 08:10:00

Brexit News Archive: 20 Jul 2017     |     enquire