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3 Articles
Source: The Guradian

Brexit: EU poised to insist on withdrawal no later than 22 May

Today 08:59 GMT

The European Union is poised to take control of Britain’s exit by rejecting Theresa May’s request for a three-month delay and setting a new withdrawal date of no later than 22 May.

“The problem is that Brexit is not being treated as an existential crisis on the table of British politics but as an element in a war between the Conservatives and Labour,” he said.

1 Article
Source: DW

EU likely to delay Brexit until EU elections in May

Today 08:59 GMT

Leaders of EU states are willing to push the Brexit date to May 22, just ahead of European elections, according to a draft statement.

EU leaders are considering an extension on Brexit after meeting with UK Prime Minister Theresa May in Brussels on Thursday, which would give May more time to break the political impasse in London. This still hinges on the UK Parliament accepting Theresa May's Withdrawal Agreement.

4 Articles
Source: The Guradian

May's appeal falls flat as EU seizes control of Brexit date

Today 07:00 GMT

The EU has handed Theresa May two weeks’ grace to devise an alternative Brexit plan if her deal falls next week after the prime minister failed to convince the bloc that she was capable of avoiding a no-deal Brexit.

In a rare joint letter, the TUC’s general secretary, Frances O’Grady, and the CBI’s Carolyn Fairbairn described the situation as a “national emergency” and called on the prime minister to seek a plan B.

2 Articles
Source: The Guradian

Macron: UK heading for no-deal Brexit if MPs reject May's plan

Today 08:59 GMT

Emmanuel Macron has warned that Britain is heading for a no-deal Brexit unless the House of Commons ratifies the withdrawal agreement negotiated with Brussels.

The stark choice for MPs was laid out by the French president shortly before the 27 EU heads of state and government listen to an appeal by Theresa May for a three-month Brexit delay. Emmanuel Macron has warned that Britain is heading for a no-deal Brexit unless the House of Commons ratifies the withdrawal agreement negotiated with Brussels.

1 Article
Source: BBC

EU wins some Brexit breathing space

Today 09:00 GMT

By that, I mean they had managed to kick the Brexit crunch-time can another couple of weeks down the road - something Theresa May has become famous for throughout the Brexit process.

The EU plan was a clever one, essentially putting all Brexit options back on the table - deal, no deal, no Brexit or a longer extension which would allow the UK to take a different path if it so chooses - whether a general election, a second referendum or opting for a softer Brexit.

1 Article
Source: Common Domain

European markets mixed as investors digest dovish Fed

Today 08:59 GMT

European markets were mixed as investors absorbed the U.S. Federal Reserve’s latest guidance and Brexit uncertainty continued to roil the U.K.. The immediate effect of the Fed’s dovish announcement Wednesday was felt in currency and bond markets.

The trade-weighted U.S. dollar index DXY, +0.21%  fell sharply on the announcement, which spilled over into European currencies. The Euro EURUSD, -0.2278% declined into Wednesday’s close, but it has settled Thursday, rising 0.06% to $0.8767.

9 Articles
Source: BBC

May in Brussels to urge short Brexit delay

Today 02:25 GMT

Theresa May will make a direct plea to EU leaders later asking to postpone Brexit for three months, hours after telling the British public a delay was "a matter of great personal regret".

Mrs May met opposition leaders before her speech on Wednesday evening to discuss a Brexit delay, but sources told the BBC that Mr Corbyn walked out and other leaders remained unimpressed with what they heard.

1 Article
Source: Common Domain

Dollar inches higher ahead of Fed decision, British pound falls on Brexit extension talk

Thursday 17:15 GMT

The British pound GBPUSD, -0.5200%  extended its losses and dropped to a one-week low, after Prime Minister Theresa May requested the March 29 Brexit deadline to be extended to June 30.

The Fed’s interest-rate decision is due at 2 p.m. Eastern, followed by a news conference with Fed Chairman Jerome Powell at 2.30 p.m.. See: In press conference, Powell to emphasize economy strong enough not to need a rate cut. “The rhetoric since the December forecasts ha changed dramatically.

2 Articles
Source: DW

Donald Tusk welcomes push for Brexit extension, with a key condition

Thursday 16:21 GMT

President of the European Council Donald Tusk said on Wednesday an extension of the Article 50 process is possible if the UK votes to approve the twice-rejected Brexit deal.

It will be conditional on a positive on the Withdrawal Agreement in the House of Commons," Tusk said in a press conference. "Although Brexit fatigue is increasingly visible and justified we can not give up seeking, until the very last moment, a positive solution.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte