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

Read More
GBP News 

British pound pulls back from highs as investors await next Brexit vote

“But U.K. lawmakers will need the EU’s other 27 governments to unanimously approve an extension” writes Markets Reporter for marketwatch.com. The pound fell Thursday, a day after the U.K. currency surged on a vote by the country’s parliament to rule out a no-deal exit from the European Union.On Thursday, lawmakers are expected to vote in favor of a proposal that would delay the U.K.’s exit beyond the current March 29 deadline. Source: marketwatch.com

Read More
Crypto GBP News 

British Columbia Watchdog Exposes a Bitcoin HYIP Scheme

“The British Columbia Securities Commission (BCSC), one of the thirteen provincial financial regulators in Canada, has added Canada Bitcoin Exchange Inc. (CBE), which facilitates trading in digital currencies, to its ever-growing Investment Caution List” writes Aziz Abdel-qader for financemagnates.com. As one would expect, sites such as Canada Bitcoin operate as a HYIP scheme where returns are always dodgy, though they tend to dry up well before the original investment amount is repaid.Earlier last year, NASAA organized a task force to launch investigations into ICOs and cryptocurrency-related investment products. Source: financemagnates.com

Read More
GBP News 

Asia stocks higher after UK lawmakers reject a no-deal Brexit

“Asia Pacific markets climbed Thursday following gains on Wall Street and as British lawmakers rejected the idea of leaving the European Union without a Brexit deal in place” writes Toshifumi Kitamura for cnbc.com. Investors became optimistic when U.K. lawmakers rejected the idea of leaving the EU without a deal in place under any circumstance.Initially Prime Minister Theresa May’s government had asked Parliament to vote on ruling out a no-deal Brexit for the official Mar. 29 deadline. Source: cnbc.com

Read More
GBP News 

Commons defies PM to demand she permanently rule out no deal

“The motion says that if the Commons passes a Brexit deal by 20 March, Brexit will be delayed until the end of June” writes Benjamin Kentish for independent.co.uk. Theresa May has been told by the House of Commons to rule out a no-deal Brexit at any point, after MPs backed a plan to remove it as an option.If no deal is agreed by 20 March, however, the motion suggests that a much longer extension is likely to follow.During another evening of dramatic votes in the Commons, MPs also comprehensively rejected…

Read More
GBP News 

With Brexit deal down, UK lawmakers have 2 more choices

“With fears rising in both the U.K. and the EU of a chaotic British departure, British lawmakers now face two starkly different choices: no deal or delay” writes Jill Lawless for sun-sentinel.com. British lawmakers have resoundingly rejected Prime Minister Theresa May’s Brexit divorce deal for a second time, leaving the country’s planned March 29 departure from the bloc in chaos and doubt.A phalanx of pro-Brexit politicians supports a “no-deal” Brexit.After the tally, May said Parliament would vote Wednesday on a motion ruling out leaving the bloc without a deal. Source: sun-sentinel.com

Read More
GBP News 

British parliament to vote on whether to leave EU without a deal

“I think no deal is going to be very disruptive for the economy and I think no deal also has serious questions for the union,” Barclay said” writes Midwest Communications Inc for 95kqds.com. “If you pushed me to the end point where it’s a choice between no deal and no Brexit …LONDON (Reuters) – Britain’s parliament will vote on Wednesday on whether to leave the European Union in 16 days without an agreement as the government said it would eliminate import tariffs on a wide range of goods in a…

Read More
GBP News 

Parliament to vote today on Prime Minister Theresa May’s Brexit deal

“Pro-Brexit British lawmakers were deciding Tuesday whether last-minute changes to Prime Minister Theresa May’s Brexit deal were enough to overcome their opposition to her plan to lead the U.K. out of the European Union” writes Jill Lawles for sun-sentinel.com. Some British lawmakers underscored that warning, telling their Brexit-backing colleagues that rejecting the deal could lead to Britain’s departure being postponed indefinitely.”Now is the time to come together to back this improved Brexit deal and deliver on the instruction of the British people,” May said.Lawmakers defeated May’s deal by a whopping…

Read More
GBP News 

Pound climbs after PM May wins assurances over Brexit backstop

“The British pound extended gains into Tuesday’s session, after a late-night deal between U.K. Prime Minister Theresa May and European Union officials secured assurances over the Irish border backstop” writes Markets Reporter for marketwatch.com. The deal could help May win a key vote Tuesday in parliament, where rebellious lawmakers have threatened to reject her deal.Should the deal get approval in parliament, he said the pound could see a strong rally, while a rejection would push it in the other direction.Read: Here’s what’s next for Brexit and the British pound Have…

Read More
GBP News 

Pound surges as UK Prime Minister May secures Brexit assurances

“Sterling rose sharply on Tuesday as speculation swirled that British Prime Minister Theresa May might be closer to securing approval for her Brexit deal” writes unknown author for cnbc.com. The euro found support against the dollar on the Brexit news and the improvement in risk appetite.The pound extended earlier gains as May won legally binding Brexit assurances from the European Union, in a last ditch attempt to sway rebellious British lawmakers who have threatened to vote down her divorce deal in a parliamentary vote on Tuesday.The euro slid to its…

Read More