Global Stocks Mixed As Pound Sinks And Airbnb Surges
Global stocks were mixed Thursday as oil surged, Airbnb sparkled in its stock market debut and the British pound fell on the growing risk of a no-deal Brexit. Oil prices leapt higher as traders looked for economic activity to pick up as coronavirus vaccines are rolled out, and the enlarged ...
IBTimes | Thu, 10 Dec 2020 22:27:49
Why I changed my mind about Brexit
I wouldn't quite say I am for it, and I still wouldn't myself have done it, but the decision is no longer looking like such a mistake. Since 2016, in matters of defense, Covid control, and migration, the EU has been anything but stellar. Here is the link to my ...
Tyler Cowen / Marginal Revolution | Thu, 10 Dec 2020 21:33:05
Macro Morning
While the ECB delivered more easing in its latest meeting overnight, equities were not that impressed with Wall Street slipping again and stocks mixed throughout the continent, not helped by a "no-deal" Brexit now firming. The latest CPI print in the US firmed while stimulus talks continued, putting pressure on ...
Chris Becker / MacroBusiness | Thu, 10 Dec 2020 21:30:13
The last-gasp Brexit deal negotiations, explained
Prime Minister Boris Johnson and European Commission President Ursula von der Leyen meet to try to reach a breakthrough on a post-Brexit trade deal on December 9, 2020, in Brussels, Belgium. | Aaron Chown/Getty Images Prime Minister Boris Johnson has warned of a "strong possibility" the UK will leave without ...
Jen Kirby / Vox | Thu, 10 Dec 2020 20:40:00
Restarting bank dividends seems premature in such uncertain times
With Covid and Brexit ongoing, the economic emergency has only just begun Vaccines are here, and now bank dividends are back. The Bank of England said on Thursday that distributions to shareholders, which were frozen in March, can resume because banks are "resilient to a wide range of economic outcomes", ...
Nils Pratley / Guardian | Thu, 10 Dec 2020 20:26:04
Britain must ‘get ready’ for no-deal Brexit, Boris Johnson says
UK Prime Minister Boris Johnson on Thursday vowed to go the “extra mile” for a Brexit trade deal but instructed his government to prepare for Britain to crash out of the European Union’s single market at the end of this year.The gloom deepened over the drawn-out Brexit saga after Johnson ...
Agence France-Presse / South China Morning Post | Thu, 10 Dec 2020 20:18:45
Ports gridlocked and retailers struggling as Brexit deadline looms
Government urged to act as retailers face delays, shortages and extra shipping charges The government is facing growing pressure to take action at the UK's gridlocked container ports, as the looming Brexit deadline is also resulting in thousands of extra truckloads of goods heading to the Channel ports in France, ...
Zoe Wood and Sarah Butler / Guardian | Thu, 10 Dec 2020 20:09:33
No-deal back on the menu after Johnson's dinner date turns sour
With no appetite for compromise, talks remain stalled and the EU and UK are braced for hard Brexit
FT | Thu, 10 Dec 2020 19:38:45
Impasse in Brexit trade deal talks is fixable, say experts
Potential seen for compromise between UK position on being tied to standards and EU quest to future-proof trade deal
FT | Thu, 10 Dec 2020 19:34:48
Johnson Tells UK To 'Get Ready' For No-deal Brexit Collapse
Prime Minister Boris Johnson on Thursday vowed to go the "extra mile" for a Brexit trade deal but instructed his government to prepare for Britain to crash out of the European Union's single market at the end of this year. The gloom deepened over the drawn-out Brexit saga after Johnson ...
IBTimes | Thu, 10 Dec 2020 19:22:32
EU Leaders Save Landmark Budget As Brexit Looms
EU leaders on Thursday resolved a bitter dispute with Poland and Hungary and salvaged the bloc's landmark post-coronavirus recovery plan, as the threat of an imminent no-deal Brexit loomed large. Leaders were looking to salvage the EU's 1.8-trillion-euro ($2.1-trillion) budget and coronavirus recovery package, seen as vital for the continent's ...
IBTimes | Thu, 10 Dec 2020 19:15:37
No-deal Brexit now a strong possibility, says Boris Johnson - video
Boris Johnson has said there is a 'strong possibility' the UK will fail to broker a trade deal with the EU, as he urged the public to prepare for the end of the Brexit transition period. The prime minister made the statement as talks remained deadlocked after a personal meeting ...
Guardian | Thu, 10 Dec 2020 19:11:39
UK's Johnson: 'Strong possibility' Brexit talks will fail
British Prime Minister Boris Johnson says there is a "strong possibility" that talks on a post-Brexit trade agreement with the EU will end without agreement. The U.K. and the EU have given themselves a deadline of Sunday to unlock their gridlocked trade talks. But after a meeting with EU Commission ...
Malta Independent | Thu, 10 Dec 2020 19:09:14
Brexit Special: More Deadlines Than Hot Dinners
John Johnston / Huffington Post | Thu, 10 Dec 2020 18:58:20
What does no-deal 'Australia-style' Brexit mean?
If the UK leaves the EU without a trade deal it will have to trade on WTO terms.
BBC | Thu, 10 Dec 2020 18:55:55
Boris Johnson: 'Strong possibility' there will be no Brexit trade deal
British prime minister said the UK Cabinet is united in its view that the EU's proposed deal isn't right.
Cristina Gallardo / Politico | Thu, 10 Dec 2020 18:45:29
Standing on the edge of the Brexit precipice
A no-deal outcome will hurt Britain more than the EU
FT | Thu, 10 Dec 2020 18:43:08
Boris Johnson says 'no-deal' Brexit more likely
Seeking Alpha | Thu, 10 Dec 2020 18:39:46
UK bank payouts: happy Brexitmas
It is sensible to return lenders to greater control of their capital in stages
FT | Thu, 10 Dec 2020 18:37:17
Brexit: All you need to know about the UK leaving the EU
Time is running out for the UK and EU to strike a deal - what is happening now?
BBC | Thu, 10 Dec 2020 18:26:53
Boris Johnson Says There's A 'Strong Possibility' Of A No-Deal Brexit
Graeme Demianyk / Huffington Post | Thu, 10 Dec 2020 18:26:22
Deliver deal, Starmer urges as PM calls no deal "strong possibility"
Keir Starmer has said that the British public want to see the Prime Minister deliver on the
Elliot Chappell / Labour List | Thu, 10 Dec 2020 18:21:08
"Strong Possibility" Post-Brexit Trade Deal Won't Happen, BoJo Says
"Strong Possibility" Post-Brexit Trade Deal Won't Happen, BoJo Says Tyler Durden Thu, 12/10/2020 - 13:16 Update (1300ET): With little to no progress being made, Boris Johnson says there is a "strong possibility" that a post-Brexit trade deal with the EU probably won't happen. "There's now the strong possibility we will ...
Tyler Durden / Zero Hedge | Thu, 10 Dec 2020 18:16:49
Brexit: 'Strong possibility' of no trade deal with EU - PM
Boris Johnson says negotiations with the EU will continue, but are "not yet there at all".
BBC | Thu, 10 Dec 2020 17:59:57
'No one will win': French fishermen fear consequences of no-deal Brexit
As the deadline nears for an agreement on a post-Brexit trade deal between the UK and the European Union, fishermen in France fear they may soon be barred from fishing in British waters if an accord cannot soon be reached, something they say would be a catastrophe for their livelihoods.
FRANCE 24 / France 24 | Thu, 10 Dec 2020 17:58:36
UK business travellers to EU 'face fines' over post-Brexit permits
Industry leaders warns those doing service work as well as visiting conferences will be affected Business travellers will face fines of up to €20,000 (£18,240) if they do not apply for special permits for visits to conferences or exhibitions in the EU if there is no Brexit deal for the ...
Lisa O'Carroll Brexit correspondent / Guardian | Thu, 10 Dec 2020 17:57:47
'Strong possibility' of no trade deal with EU, Johnson warns
There is a "strong possibility" no free trade deal will be struck with the EU and the UK should be prepare for an Australian-style "option", Boris Johnson has warned.
Sky | Thu, 10 Dec 2020 17:51:00
Ursula von der Leyen says Brexit talks with Johnson were 'difficult' - video
The EU is willing to give Britain access to the single market, the head of the European commission, Ursula von der Leyen, insists, but balanced terms that are fair to the bloc have not yet been achieved. 'I had a very long conversation last night with Prime Minister Boris Johnson. ...
Guardian | Thu, 10 Dec 2020 17:29:37
Brexit: What is the EU doing to prepare for no deal?
The European Union has revealed what measures it will take if there is no deal at the end of trade negotiations with the UK.
BBC | Thu, 10 Dec 2020 17:21:08
European Stocks Mixed, Pound Sinks On Brexit Woes
European stock markets were mostly higher Thursday as oil surged, and the British pound fell on the growing risk of a no-deal Brexit, dealers said. Oil prices leapt higher as traders looked for economic activity to pick up in the wake of coronavirus vaccines being rolled out, and the enlarged ...
IBTimes | Thu, 10 Dec 2020 17:09:47
EU and UK set Sunday as Brexit deadline
Taipei Times | Thu, 10 Dec 2020 17:08:38
FTSE 100 closes ahead as Brexit fears are pushed aside amid US stimulus hopes
FTSE 100 closes 35 point up BP top gainer on Footsie Inchape wanted as second lockdown hits it less hard than feared 5pm: FTSE closes ahead FTSE 100 closed Thursday in the green as resource stocks were lifted and Brexit worries appeared to be brushed aside amid US stimulus hopes. ...
Proactive Investors | Thu, 10 Dec 2020 17:00:00
Euro up on ECB, pound jumpy on Brexit
Euro higher as ECB unleashes more stimulus The euro rallied a little after the ECB announced a raft of measures aimed at maintaining support for the euro area economy. The measures including an increase of EUR500 billion in the PEPP envelope - all of which need not be used - ...
Craig Erlam / OANDA | Thu, 10 Dec 2020 16:43:22
As Brexit Deadline Looms, EU Offers Plan to Reduce Border Disruption
The European Commission set out contingency plans to maintain basic rail, air and freight links between the U.K. and the bloc, as faltering negotiations over a new trade deal between the two sides raise the prospect of major disruptions at their borders from Jan. 1.
WSJ | Thu, 10 Dec 2020 16:38:00
Gloom Over Brexit Trade Talks As Hard Deadline Nears
This weekend will determine whether Britain and the European Union secure a post-Brexit trade deal, London said on Thursday, as Brussels outlined back-up planning in case talks fail. Prime Minister Boris Johnson and European Commission President Ursula von der Leyen on Wednesday gave themselves until Sunday to decide whether to ...
IBTimes | Thu, 10 Dec 2020 16:28:17
Could Brexit make my food more expensive?
The UK is negotiating a new trade deal with the EU - how might the result affect food prices?
BBC | Thu, 10 Dec 2020 15:39:36
European Stocks Waver; Pound Sinks On Brexit Woes
European stock markets wavered Thursday and the British pound dived on the growing risk of a no-deal Brexit after the latest trade talks floundered in Brussels, dealers said. Oil prices surged higher however, with the contract for Brent crude hitting $50 for the first time in nine months as traders ...
IBTimes | Thu, 10 Dec 2020 15:26:30
EU summit: Turkish sanctions on agenda as Erdogan shrugs threats
EU leaders meet in Brussels to discuss action against Ankara over East Med crisis, as well as Brexit, budget and virus.
Al Jazeera | Thu, 10 Dec 2020 15:18:46
There is still time to do a Brexit deal - but Johnson must accept economic reality
The UK's prime minister has reached a fork in the road as the clock ticks down
FT | Thu, 10 Dec 2020 15:15:59
UK, EU Impose Emergency Plans To Prevent Economic Chaos Should Brexit Talks Fail
UK, EU Impose Emergency Plans To Prevent Economic Chaos Should Brexit Talks Fail Tyler Durden... This post UK, EU Impose Emergency Plans To Prevent Economic Chaos Should Brexit Talks Fail first appeared on HEDGE accordingly.
sellputs / Hedge Accordingly | Thu, 10 Dec 2020 14:59:04
Retailers warn of price rises if agreement on tariffs is not agreed before Brexit
The spectre of empty supermarket shelves returned to haunt the UK as fears grew over the fall-out from Britain's exit from the European Union. Tesco PLC (LON:TSCO) chairman, John Allan, suggested in an interview that food prices could rise substantially if a Brexit deal is not reached. A "no-deal" outcome ...
Proactive Investors | Thu, 10 Dec 2020 14:49:00
Companies seek Brexit emergency air freight capacity
Scores of major businesses are seeking emergency air freight capacity ahead of the Brexit deadline on 1st January, the government's favoured air charter company has told Sky News.
Sky | Thu, 10 Dec 2020 14:47:00
Forget the noise, the Brexit dinner date met its objectives
The mood music was gloomy but negotiators will keep talking.
Emilio Casalicchio / Politico | Thu, 10 Dec 2020 14:34:53
BDO partners' pay falls as Covid-19 chills business
UK audit firm says companies are 'exhausted' by pandemic and need clarity on Brexit changes
FT | Thu, 10 Dec 2020 14:27:40
Britain's Ports Are Jammed, and Brexit Is Around Corner
Honda's plant in England was forced to halt operations because its parts hadn't arrived. Soon U.K. ports will face a mountain of customs declarations.
Eshe Nelson / NY Times | Thu, 10 Dec 2020 14:21:54
UK tourists reportedly to be barred from the EU after 1 January due to Covid-19 rules
Tourists from the UK will be barred from travelling to the European Union after 1 January due to the current Covid-19 safety restrictions in place, according to a report in The Guardian . The transition period for Brexit and the UK's departure from the European Union comes to an end ...
Malta Independent | Thu, 10 Dec 2020 14:08:33
Brexit trade deal: UK demands EU concessions ahead of weekend deadline
Britain on Thursday said talks to secure a post-Brexit trade deal with the European Union will not go beyond this weekend unless there is "substantial movement" from Brussels in key areas.For all the
Al Arabiya | Thu, 10 Dec 2020 13:51:40
EU Chief Publishes 'No Deal' Brexit Contingency Plan
EU chief Ursula von der Leyen on Thursday published a back-up plan to protect road and air travel and fishing rights if Britain leaves the union without a trade deal. The UK left the European Union on January 31 and at the end of this month will leave the bloc's ...
IBTimes | Thu, 10 Dec 2020 13:42:43
Britons may need visas to stay in EU more than three months post-Brexit: French minister
British citizens may need visas for stays in the European Union longer than three months after Brexit from January 1, French European Affairs junior minister Clement Beaune said on Thursday.Beaune said the matter was still being stays of more than three months, there may be visa applications, professional or other, ...
Reuters / South China Morning Post | Thu, 10 Dec 2020 13:40:02
Brexit deal or no deal: your quick guide to the negotiations
The UK and EU are still far apart on key issues - will Britain really crash out in three weeks? Boris Johnson and the European commission president, Ursula von der Leyen, met in person over a three-hour scallop and turbot dinner to try to unlock the Brexit trade negotiations deadlock. ...
Lisa O'Carroll Brexit correspondent / Guardian | Thu, 10 Dec 2020 13:30:07
Labour slams Tories over "smuggler's charter" to avoid Brexit ports gridlock
Anneliese Dodds has described last-minute changes made by the Tories to customs rules, which the government itself has...
Elliot Chappell / Labour List | Thu, 10 Dec 2020 13:06:06
Futures Fail To Rebound After Wednesday Rout On Growing Brexit, Covid Fears
Futures Fail To Rebound After Wednesday Rout On Growing Brexit, Covid Fears Tyler Durden Thu, 12/10/2020 - 07:46 Futures tried and failed to rebound from Wednesday's rout as fears that the Brexit process was coming unhinged and growing pessimism for a fiscal deal in Congress offset optimism for a swift ...
Tyler Durden / Zero Hedge | Thu, 10 Dec 2020 12:46:06
European Stocks Waver Before ECB; Pound Sinks On Brexit Woes
Europe's stock markets wavered Thursday as investors nervously awaited news of fresh eurozone stimulus, but the British pound dived on the growing risk of a no-deal Brexit after the latest trade talks floundered in Brussels, dealers said. The European Central Bank (ECB) will unveil the outcome of its latest monetary ...
IBTimes | Thu, 10 Dec 2020 12:30:35
Brexit: Trade talks 'unlikely' to go beyond Sunday, says Dominic Raab
The sides remain 'far apart' despite a meeting between the PM and the EU's Ursula Von Der Leyen.
BBC | Thu, 10 Dec 2020 12:29:37
Worst UK economic slump for 300 years not a good platform for Brexit talks
Analysis: now does not seem a good moment for the PM to plunge Britain into a last-ditch battle with the EU Brexit deal or no Brexit deal, the UK faces a rocky few months as businesses, left dangling until the last minute, find out what kind of relationship the UK ...
Phillip Inman / Guardian | Thu, 10 Dec 2020 12:25:40
Brexit And U.S. Stimulus Are Unresolved As Attention Turns To The ECB
Seeking Alpha | Thu, 10 Dec 2020 12:23:32
A no-deal Brexit is on the cards, but what would that mean for everyday life?
'If there are delays in France, you'll see it sooner or later on the M50'
Irish Times | Thu, 10 Dec 2020 12:23:06
Ocado stockpiles long-life products in case of no-deal Brexit
Online grocer says limited warehouse space is limiting reserves and there is little it can do to mitigate feared fresh food import disruption Ocado is stockpiling long-life products such as Italian beer in readiness for a no-deal Brexit but said it did not have enough warehouse space to build big ...
Zoe Wood / Guardian | Thu, 10 Dec 2020 12:13:19
How Brexit Is Likely To Impact Your Food Shop
Rachel Moss / Huffington Post | Thu, 10 Dec 2020 12:10:24
Brits face EU travel ban on January 1 under COVID rules
After the end of the year, the UK will be treated as a third country for coronavirus travel rules.
Mari Eccles / Politico | Thu, 10 Dec 2020 12:09:03
Travel after Brexit: How will it affect my holidays to the EU?
A simple guide to how leaving the EU will affect travel to Europe.
BBC | Thu, 10 Dec 2020 12:00:50
Lisa Nandy to set out Labour plans for Britain's place in the world post-Brexit
Shadow Foreign Secretary Lisa Nandy will set out details of how Labour plans to forge Britain's new role...
Sienna Rodgers / Labour List | Thu, 10 Dec 2020 11:47:34
Government Complains MPs Asking Questions About Brexit 'Undermine' Negotiations
Arj Singh / Huffington Post | Thu, 10 Dec 2020 11:47:03
FX Daily, December 10: Brexit and US Stimulus are Unresolved as Attention Turns to the ECB
Overview: US threats to break-up Facebook and the stalled stimulus talks spurred profit-taking in US shares yesterday and is dampening enthusiasm today. The MSCI Asia Pacific Index fell for the third time this week, and Europe's Dow Jones Stoxx 600 is little changed.
Marc Chandler / SNB CHF Blog | Thu, 10 Dec 2020 11:46:00
Brexit and US Stimulus are Unresolved as Attention Turns to the ECB
Overview: US threats to break-up Facebook and the stalled stimulus talks spurred profit-taking in US shares yesterday and are dampening enthusiasm today. The MSCI Asia Pacific Index fell for the third time this week, and Europe's Dow Jones Stoxx 600 is little changed. US shares are trading with a firmer ...
Marc Chandler / Marc to Market | Thu, 10 Dec 2020 11:39:17
Brussels unveils plans to prevent chaos in case of no deal Brexit
Temporary measures cover airlines, hauliers and fishing rights if trade talks fail
FT | Thu, 10 Dec 2020 11:37:27
European shares rise ahead of more ECB stimulus, while another delay to Brexit talks hit the pound
European shares edged higher ahead of an expected boost to monetary stimulus from the ECB, while the pound fell after Brexit talks were delayed.
Amanda Cooper / Business Insider | Thu, 10 Dec 2020 11:27:45
Shutdown of Honda plant due to Brexit ports delays extended into next week
Factory now closed until at least Monday due to lack of critical spare parts held up at ports Honda's factory in Swindon will not restart production until Monday at the earliest after the Japanese carmaker was forced to shut down because of significant delays at UK ports. Disruption at the ...
Jasper Jolly / Guardian | Thu, 10 Dec 2020 11:23:19