- Monday, 21 November 2016
- News
UK's CBI: We need government assurances for a smooth Brexit transition
The CBI is holding its annual conference and the President, Paul Dreshler, has been speaking. He noted that logistics could be affected the most by Brexit and that the uncertainty could fuel inventory demand. The UK needs business leaders to hold their nerve in uncertain times, he said, addid that they need to show people that business is on their side.
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- Friday, 18 November 2016
- News
Sterling lower in a quiet Friday trade
There were no major data releases from the UK today, so eyes are once again on Brexit developments. There is a recognizable repetition in Theresa May's speeches about Britain's decision to leave the European Union: "Brexit means Brexit", making "a success of it" and getting "the best deal" for Britain are some of her stump phrases. But a closer look at her speeches suggests her position on key aspects of Brexit has evolved since she took office in the aftermath of the June 23 vote to leave.
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- Thursday, 03 November 2016
- News
Parliament must vote on Brexit
Parliament must vote on whether the UK can start the process of leaving the EU, the High Court has ruled. This means the government cannot trigger Article 50 of the Lisbon Treaty - beginning formal exit-negotiations with the EU - on its own. Theresa May says the referendum - and existing ministerial powers - mean MPs do not need to vote, but campaigners called this unconstitutional.
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- Tuesday, 11 October 2016
- News
Sterling continues to fall
There were no data releases from the UK today. Brexit means Brexit, Theresa May says, but a London court this week will decide whether it’s up to her to decide when the U.K. leaves the European Union. The prime minister’s most senior legal adviser, Attorney General Jeremy Wright, will attempt to convince a judge that May can trigger Article 50 of the Lisbon Treaty, which starts an exit, without approval from her fellow lawmakers. Failure would force the issue into the House of Commons and the House of Lords, both of which were largely pro-EU. The lawsuit, which has hearings scheduled for Oct. 13 and 17, could delay the exit for a year, or lead to its derailment altogether. Read more...
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