GBP News 

Risk of no-deal Brexit ‘very real’, EU’s Juncker says

“There is very little time left…The risk of a no-deal is very real,” said Juncker, who met Johnson in Luxembourg on Monday” writes Midwest Communications Inc for 95kqds.com. STRASBOURG (Reuters) – An accord to ensure a smooth British exit from the European Union is still possible but the risk of a no-deal is also “very real”, European Commission President Jean-Claude Juncker said on Wednesday, six weeks before Britain is due to leave. Source: 95kqds.com

Read More
AUD GBP News 

Britain hopes for trade deal with Australia within months of Brexit

“SYDNEY (Reuters) – Britain’s Trade Minister Liz Truss said on Wednesday she expects to complete a wide-ranging trade deal with Australia within months of exiting the European Union” writes Midwest Communications Inc for 95kqds.com. Australia’s Minister for Trade Simon Birmingham said a trade deal with Britain will particularly benefit the country’s agricultural sector, worth around A$60 billion.Two-way trade between Australia and Britain is worth A$26.6 billion ($18.22 billion), Australian data shows.In efforts to reduce the economic impact of Brexit, Britain is looking to line-up a series of trade deals with…

Read More
GBP News 

‘Flaw’ in legislation passed by MPs means PM may still be able to seal no-deal Brexit

“Boris Johnson could bypass a law stopping him from delivering a no-deal Brexit by exploiting a major loophole in the legislation, a legal expert has claimed” writes Benjamin Kentish for independent.co.uk. Mr Maugham suggested that Mr Johnson could therefore simply refuse to bring forward the Withdrawal Bill, which is needed to implement the deal in law.Under the terms of the Benn Act, Mr Johnson must ask the EU for a further delay to Brexit if MPs have not approved an exit deal by 19 October.The loophole means that the prime minister would be able to…

Read More
GBP News 

Boris Johnson on why he skipped Luxembourg press conference – video

“The British prime minister has claimed there is still time for a Brexit deal that would allow the UK to leave the European Union on 31 October” writes Source Reuters for theguardian.com. Johnson spoke in a recorded clip after skipping a joint press conference with Luxembourg’s prime minister, Xavier Bettel, amid boos from protesters. He insisted that although a Brexit deal was ‘not in the bag’, it was now possible to see the rough shape of it.  Source: theguardian.com

Read More
GBP News 

Johnson humiliated by Luxembourg PM at ’empty chair’ press conference

“It is understood Downing Street had asked that the scheduled press conference with Bettel be moved inside away from a crowd of around 75 noisy protesters but that the Luxembourg government rejected the request” writes Daniel Boffey for theguardian.com. Boris Johnson has been left humiliated after being forced by anti-Brexit protesters to cancel an appearance at a press conference, leaving Luxembourg’s prime minister to lecture and gesticulate at an empty podium about the dangers of the UK prime minister playing politics with people’s lives. Source: theguardian.com

Read More
GBP News 

Johnson, Juncker talk Brexit; no breakthrough yet

“Johnson sent British lawmakers home until Oct. 14, a drastic move that gives him a respite from rebellious lawmakers determined to thwart his Brexit plan” writes The Associated Press for latimes.com. British Brexit supporters oppose the backstop because it keeps the U.K. bound to EU trade rules, limiting its ability to forge new free trade agreements around the world after Brexit. Source: latimes.com

Read More
GBP News 

Cameron claims PM asked him if Michael Gove was ‘a bit cracked’

“Mr Johnson reportedly replied asking of Mr Gove: “Blimey, is he a bit cracked?”” writes Benjamin Kentish for independent.co.uk. The current prime minister reportedly asked Mr Cameron if Mr Gove was “a bit cracked” after his fellow Leave supporter withdrew his support for Mr Johnson and announced his own leadership bid. Source: independent.co.uk

Read More
GBP News 

Brexit: Deutsche Bank cuts probability of no-deal to 35% vs 50%

“LONDON (Reuters) – Deutsche Bank said on Monday it cut its probability that Britain will crash out of the European Union on Oct. 31 without a deal to 35% from 50% previously after lawmakers passed a law that could force Prime Minister Boris Johnson to delay the process” writes Midwest Communications Inc for 95kqds.com. Johnson has pledged to leave the EU with or without a deal on Oct. 31, even though British lawmakers have passed a law which would force him to request a delay beyond that date if he…

Read More
GBP Markets News 

Brexit clash over share trading would hit markets: UK watchdog

“LONDON (Reuters) – Overlapping British and European Union share trading rules would damage markets “to no good end” and can be avoided, Britain’s top markets watchdog said on Monday” writes Midwest Communications Inc for 95kqds.com. He reiterated comments from the Bank of England that extensive preparations for a no-deal Brexit would not mean that all disruption in markets can be avoided.”It is therefore easy to conclude that for those shares, market liquidity would be damaged to no good end,” Bailey said in a speech at Bloomberg. Source: 95kqds.com

Read More
GBP News 

Johnson to explore Brexit deal with Juncker over lunch of snails and salmon

“LUXEMBOURG (Reuters) – British Prime Minister Boris Johnson will explore his chances of securing a Brexit deal over lunch with European Commission chief Jean-Claude Juncker on Monday, after weekend rhetoric from both suggested their positions remain far apart” writes Midwest Communications Inc for 95kqds.com. Johnson will meet Juncker in Luxembourg on Monday to build his case for a revised deal that he hopes will be agreed at an EU leaders’ summit on Oct. 17-18. Source: 95kqds.com

Read More