LONDON, Nov 16- The pound found some solace on Friday after a leading eurosceptic minister pledged support for Britain's embattled premier Theresa May, who struck a defiant tone despite strong opposition to her Brexit deal. The resignations and May's precarious position left investors panicking that Britain could exit the European Union without any...
*CEE units give up gains on UK politics turmoil. BUDAPEST/ WARSAW, Nov 16- Central European currencies reversed early gains on Friday as sterling and the euro retreated after a report that British lawmakers planned to bring a vote of no confidence in Prime Minister Theresa May. That overshadowed speculation that Polish central bank Governor Adam Glapinski...
LONDON, Nov 16- The pound rebounded slightly on Friday on reports that a leading eurosceptic minister would not follow other Brexiteers in quitting the British government and as Prime Minister Theresa May struck a defiant tone despite strong opposition to her Brexit deal. The resignations and May's precarious position left investors panicking that...
*UK Brexit minister's resignation hits pound. NEW YORK, Nov 15- The sterling tumbled on Thursday after British ministers resigned in protest against a draft Brexit agreement, rekindling fears of a chaotic departure for Britain from the European Union in 4-1/ 2 months. On Thursday, British Prime Minister Theresa May said she won the backing of her senior ministers...
*Positive headlines in Italy support BTPs. LONDON, Nov 15- Top-rated German government bond yields tumbled to over two-week lows on Thursday after British Brexit Secretary Dominic Raab resigned, thrusting Prime Minister Theresa May's government into turmoil after she clinched a Brexit deal. "The reason we have a risk-off mood in the euro zone is driven by the UK,"...
*Brexit resignations in London hammer sterling. LONDON, Nov 15- The dollar jumped and traders bought into the safe-haven yen on Thursday after Britain's Brexit deal with the European Union was plunged into uncertainty, spooking investors. The resignation of British Brexit minister Dominic Raab sent sterling plummeting more than one percent, reversing the...
*Italy sticks to growth and deficit plans in revamped budget. LONDON, Nov 14- Italian bond yields hit three-week highs on Wednesday, widening the gap over top-rated German peers, after Italy re-submitted its 2019 budget to the European Commission with unchanged growth and budget deficit assumptions but falling debt targets. The falling debt forecast in the...
Sterling pauses as traders brace for backlash in UK. LONDON, Nov 15- The euro strengthened on Thursday as investors cautiously welcomed Britain's draft Brexit deal with the European Union and concerns about the Italian budget stand-off eased. But EU chief negotiator Michel Barnier cautioned that the road to ensuring a smooth UK exit was still long and...
*Sterling pauses as traders brace for backlash in UK. LONDON, Nov 15- The euro strengthened on Thursday as investors cautiously welcomed Britain's draft Brexit deal with the European Union and concerns about the Italian budget stand-off eased. But EU chief negotiator Michel Barnier cautioned that the road to ensuring a smooth UK exit was still long and...
FRANKFURT- EURO FINANCE WEEK is the largest meeting of the banking and finance industry in Europe with more than 4,000 visitors and more than 20 specialist conferences and networking events. LONDON- Bank of England hosts "2nd conference on Forecasting at Central Banks" at 20 Moorgate Auditorium, London. LONDON- Bank of England MPC memeber Silvana Tenreyro...
UK BREXIT SECRETARY DOMINIC RAAB IS NO LONGER EXPECTED IN BRUSSELS TODAY- BLOOMBERG, CITING A UK DIPLOMAT.
The probe, which kicked off in March 2017 and expanded a year later, has examined the relationship between food processors, Agricultural Ministry health inspectors and laboratories with a mandate to certify the safety of meat sold domestically and in markets like China, Japan, the Middle East and Europe. Those charges disrupted production and triggered...
LONDON, Nov 14- Leaving the European Union without a transitional trade deal would cost Britain about 6 percent of GDP-- roughly four years of economic growth-- compared with staying in the bloc, the International Monetary Fund said on Wednesday. The IMF's estimates-- part of a regular review of Britain's economy-- come as Prime Minister Theresa May is attempting to...
LONDON, Nov 14- With markets braced for a lengthy standoff between Rome and Brussels over Italy's 2019 spending plans, investors see little that could change their gloomy view of Italian bonds other than a snap election that alters the makeup of the government. With neither the European Union nor Rome minded to change tack, the stability of Italy's ruling...
MILAN, Nov 14- Oil prices bounced from multi-month lows on Wednesday but stocks fell as disappointing data heightened worries over slowing global growth, while the pound wavered as Prime Minister Theresa May faced the hard task of selling her Brexit deal. European shares hit a two-week low after data showed the German economy contracted for the first time...
BRUSSELS, Nov 14- The technical Brexit agreement reached between EU and British negotiators envisages the two sides deciding in July 2020 whether they will have a new deal in place to ensure an open Irish border after the post-Brexit transition ends at the end of 2020, EU sources said. If not, London would be able to chose between extending the transition period...
MILAN, Nov 14- Oil struggled to find a floor and stocks tumbled on Wednesday as disappointing German GDP figures heightened worries over slowing global growth, while the pound eased off peaks as Prime Minister Theresa May faced the hard task of selling her Brexit deal. European shares fell as much as 1.2 percent after data showed the German economy contracted...
LONDON, Nov 14- Sterling steadied after posting its biggest jump in two weeks on Tuesday as investors await the outcome of a cabinet meeting where Prime Minister Theresa May will try to convince her ministers to accept a draft European Union divorce deal. As the EU braces for the biggest divorce in its history, Brexiteers in May's Conservative Party have said...
LONDON, Nov 13- Britain struck a draft divorce deal with the European Union after more than a year of talks, thrusting Prime Minister Theresa May into a perilous battle over Brexit that could shape her country's prosperity for generations to come. While Brussels choreographs the first withdrawal of a sovereign state from the EU, May, a far from secure leader...
LONDON, Nov 13- Britain struck a draft divorce deal with the European Union after more than a year of talks, thrusting Prime Minister Theresa May into a perilous battle over Brexit that could shape her country's prosperity for generations to come. While Brussels choreographs the first withdrawal of a sovereign state from the EU, May, a far from secure leader...
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