GBP News Reviews 

GBP Daily Review March 15, 2019

GBP Daily Review for March 15, 2019 Brexit: Speaker select second referendum amendment for vote, GBP/USD rises House of Commons Speaker John Bercow selects four amendments for a vote ahead of the primary motion to ask for an extension of Article 50. One of the   GBP/JPY retreats from YTD peaks near 149.00 ahead of Brexit vote The now softer tone around the Sterling is driving GBP/JPY lower after climbing to levels just shy of the 149.00 handle during early trade, or fresh 2   GBPUSD: Sterling Slips After Latest…

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GBP News 

Brexit supporters reject UK attorney general’s additional legal opinion: The Telegraph

“Attorney General Geoffrey Cox had attempted to win over Brexit-supporting lawmakers with additional legal advice, the newspaper reported” writes Midwest Communications Inc for 95kqds.com. LONDON (Reuters) – Brexit-supporting lawmakers have rejected an additional legal opinion by Britain’s top government lawyer on Prime Minister Theresa May’s divorce deal assurances, The Telegraph reported.His original opinion published on Tuesday that the legal risk remained that Britain might be unable to get out of the backstop helped convince Brexit-supporting lawmakers to oppose the deal.In the legal advice, Cox said the Vienna convention enables the…

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GBP News 

British pound steadies after UK parliament gives nod to Brexit delay

“Trump said whether a trade deal can be reached with China would probably be known in the next three or four weeks” writes Sukree Sukplang for cnbc.com. British lawmakers approved a motion setting out the option to ask the EU for a short delay if parliament can agree on a Brexit deal by March 20, or a longer delay if no deal can be agreed in time.Against the euro, the pound retreated to 85.25 pence from Wednesday’s 22-month peak at 84.725.The euro eased to $1.1307 from Wednesday’s one-week high of…

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GBP Markets News Regulators 

Asia markets climb as Bank of Japan keeps monetary policy steady

“Asia Pacific markets mostly traded higher as investors reacted to the Bank of Japan’s monetary policy decision and economic outlook” writes Kiyoshi Ota for cnbc.com. Chinese mainland shares also traded higher: The Shanghai composite was up 1.29 percent while the Shenzhen composite added 1.74 percent. Source: cnbc.com

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GBP News 

Amber Rudd writes to her constituents to explain why she defied whips to keep no deal Brexit off the table

“Cabinet minister Amber Rudd has written to her constituents to explain why she defied her party whips to abstain rather than vote to keep a no-deal Brexit on the table” writes Nikki Da Costa for telegraph.co.uk. The Work and Pensions Secretary told her constituents in pro-Brexit Hastings and Rye she believed leaving the EU without a deal would have done “generational damage to our economy and security.” She added: “It is a mistake to leave the EU without a deal, but it is right to prepare to do so just…

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GBP News 

Why Hammond’s Brexit war chest is smaller than it looks

“A tantalising glimpse of a golden future is on offer, if MPs play their cards right” writes Tim Wallace for telegraph.co.uk. Easy cash is within their grasp, just waiting to be unlocked.Philip Hammond dangled the prospect of £26.6bn before their eyes, telling Parliament that if they behave themselves and back a Brexit deal the taps can be turned on.The ‘end of austerity’ can turn from simply an end to restraint into a new age of cash for all. “If we leave the EU with a deal and an orderly transition…

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GBP Markets News Stocks 

Market report: UK-exposed stocks given Brexit boost

“Building Brexit optimism boosted European markets to a five-month high and UK-exposed stocks to the top of the FTSE 100 leaderboard” writes Jon Yeomans for telegraph.co.uk. London’s housebuilders, banks, airlines and high street stalwarts propelled the wider market higher after MPs calmed nerves by voting to take a no-deal Brexit off the table.ITV and Lloyds – stocks that generate the bulk of their earnings in Britain – rallied strongly amid receding fears of a disorderly departure from the EU triggering an economic downturn in the UK. The blue-chip giants climbed…

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GBP News 

British lawmakers vote to seek Brexit delay

“British lawmakers have been unhappy with a so-called backstop agreement that would take effect if talks over a future trade deal deadlocked” writes Christina Boyle for latimes.com. The agreement would keep all the U.K. inside an EU customs union, and Northern Ireland would remain linked to some rules of the more extensive single market. Source: latimes.com

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