GBP News 

Britain still to decide on Huawei access: UK PM’s spokesman

“The spokesman said a decision would come in due course” writes Midwest Communications Inc for 95kqds.com. The Sunday Times reported that Britain is moving toward a decision that will see Huawei allowed access to “non-contentious” parts of the network, potentially opening a rift with the United States which has banned the company over fears that it is too close to Chinese intelligence agencies. Source: 95kqds.com

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E.U. pushes Brexit until end of January, granting Boris Johnson’s request

“Parliament had different ideas, insisting on legal guarantees that Britain agree to a departure deal before exiting the European Union” writes Michael Birnbaum for washingtonpost.com. Under 2011 legislation, Johnson needs the backing of two-thirds of the House of Commons to call an early election, meaning he needs opposition support.If greenlighted, it would mark the first time that Britain has held a general election in December since the 1920s.Johnson’s government could back a plan by the Liberal Democrats and the Scottish National Party, which have suggested a Dec. 9 election. Source: washingtonpost.com

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Britain to release more mobile airwaves in 2020 auction

“LONDON (Reuters) – Britain is planning to release more mobile airwaves through an auction in spring 2020, aiming to improve mobile services and enable more people and businesses to access next generation 5G networks, regulator Ofcom said on Monday” writes Midwest Communications Inc for 95kqds.com. Ofcom is still proposing to place a 37% cap on the overall spectrum that any one mobile company can hold following the auction.The regulator said the auction would involve companies bidding for spectrum in two different frequency bands – 80 MHz of spectrum in the…

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GBP News 

Why is ‘Mr. Brexit’ concentrating his tariffs on the UK?

“If that opportunity passes, the bilateral trade deal that the president sees as the culmination of his first term may become unachievable” reports washingtonexaminer.com. In such a climate, it becomes much harder to push for the wholesale removal of barriers on both sides, which is what a U.S.-U.K. trade deal should be all about. Source: washingtonexaminer.com

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EU hopes to endorse Brexit delay to Jan. 31 with earlier departure possible: sources

“Diplomatic sources told Reuters the bloc’s 27 EU ambassadors would meet at 0900 GMT on Monday in Brussels to agree on the three-month delay from the current Brexit date of Oct. 31” writes Midwest Communications Inc for 95kqds.com. BRUSSELS (Reuters) – The 27 European Union countries that will remain after Brexit hope to agree on Monday to delay Britain’s divorce until Jan.31 with an earlier departure possible should the factious UK parliament ratify their separation deal, sources said.British Prime Minister Boris Johnson last week reluctantly requested the three-month delay until…

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GBP News 

Brexit Ball Back in EU Court, Offer of Three-Month Delay Is Likely

“He cannot however call an election without the support of the opposition Labour Party, which has suggested it will support one only if the Brexit deadline is extended beyond election day” writes Min Read for reuters.com. Johnson has suggested he would push for a new election, campaigning on a platform to “get Brexit done” if the EU agrees the full three-month delay that lawmakers forced him to request.Johnson’s spokesman said if the EU offers a delay until the end of January there would need to be an election in Britain,…

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Futures GBP News Oil 

Asian shares struggle after yet another Brexit delay

“Brent crude futures fell 0.49% to $59.41 a barrel while U.S. West Texas Intermediate (WTI) crude lost 0.64% to $54.13 per barrel” writes Midwest Communications Inc for 95kqds.com. In after-hour trade, Texas Instruments shares tumbled 9.8%, driving down other chipmaker shares including Intel “This will be a warning on semi-conductor shares, which have put on a strong performance recently,” said Norihiro Fujito, chief investment analyst at Mitsubishi UFJ Morgan Stanley Securities.TOKYO (Reuters) – Asian shares and U.S. stock futures dipped on Wednesday after British lawmakers rejected the government’s timetable to…

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Brexit is ‘stopping UK from resolving deep economic problems’

“Brexit is stopping Britain from addressing deep problems with its economy, a former Bank of England governor has warned” writes Andy Gregory for independent.co.uk. The UK economy unexpectedly shrank 0.2 per cent in this year’s second financial quarter – its first contraction since 2012.Mr King, who governed the UK’s central bank for a decade until 2013, asserted the global economy would likely not suffer another financial crisis within the next 12 months. Source: independent.co.uk

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Britain and EU reach Brexit deal, but clouds are already on the horizon

“Britain and the European Union finally reached a new tentative Brexit deal on Thursday, hoping to escape the acrimony, divisions and frustration of their three-year divorce battle” writes The Associated Press for latimes.com. The U.K. Parliament already rejected a previous Brexit deal crafted by former British Prime Minister Theresa May three times.The key hurdle to a Brexit deal was finding a way to keep goods and people flowing freely across the border between EU member Ireland and the U.K.’s Northern Ireland after Brexit.And the deal gives Northern Ireland a say…

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