Former Prime Minister of Ireland John Bruton says it is time for all politicians in the U.K. to put the interests of Britain and Europe before the interests of any particular party. » Read More
China's central bank pumped almost $83 billion into its banking system in a single day, which eased potential concerns over a potential funding squeeze in the economy ahead of a major festive season, analysts said. » Read More |
CNBC's Willem Marx reports on the results of the no-confidence vote in the House of Commons. Prime Minister Theresa May survived the vote, 325 to 306. » Read More |
The United Kingdom's prime minister, Theresa May, survived a vote of no-confidence on the House of Commons after a massive Brexit defeat. » Read More |
CNBC's "Power Lunch" team is joined by Ian Bremmer, president and founder of Eurasia Group, to discuss the possible outcomes for the United Kingdom's no-confidence vote in the Parliament.
J.P. Morgan CEO Jamie Dimon speaks at the Economic Club of New York about his fears surrounding the United Kingdom's Brexit vote.
The worst parliamentary defeat for a British prime minister in modern times has increased the likelihood of Brexit being scrapped altogether, Goldman Sachs said Wednesday.
UK parliament voted down Prime Minister Theresa May's Brexit plan. May will face a parliamentary wide vote of no confidence. CNBC's Steve Sedgwick reports.
Patrick Bennett of CIBC says his view on the British pound would only change if there is certainty in the U.K., with a "clear majority" one way or another.
Nicholas Holt of the British Chamber of Commerce in China says there is still positivity around increasing connectivity between the U.K. and China, especially around financial services.
If the European Union agrees to tighten the Irish backstop issue in the draft Brexit deal, U.K. Prime Minister Theresa May could get "very close" to winning a vote in Parliament, says Simon Tormey of the University of Sydney.
Christopher Brankin, CEO at TD Ameritrade Asia, says he expects the Brexit deadline to be pushed out further. He also says a second referendum in the U.K. would be positive for the British currency.
Antonio Fatas of INSEAD says the U.K. is likely to try to postpone the March 29 Brexit deadline and go back to negotiating a deal within the British Parliament.
If U.K. Prime Minister Theresa May returns to Parliament with a similar proposal, it will be "soundly rejected" again, says Nile Gardiner of The Heritage Foundation. He says the best course of action would be to announce that Britain is preparing for a no-deal Brexit.
James Cleverly, deputy chairman of the U.K.'s Conservative Party, says the leadership of the Labour Party should stop talking about "fantasy politics" and the idea of a general election.
Steven Englander of Standard Chartered Bank says the British pound could find some support if there's an extension to the Brexit deadline with the possibility of a referendum or a new deal.
Banks are making plans to move out of the U.K. in light of Brexit. Kenneth Leon of CFRA says the geographic location of bank offices is not as sensitive as it would be for "regular trade and commerce."
The Democratic Unionist Party voted against U.K. Prime Minister Theresa May's deal but said it intends to support her during the no-confidence vote that has been tabled. Sammy Wilson of the DUP explains why this is "very logical" and not a contradiction.
Under "extenuating" circumstances such as a second referendum or an election in the U.K., the European Union could show flexibility, says Amanda Sloat of Brookings. But she notes that the EU may not have a lot of patience for "continued churning" with no clear direction or outcome in Britain.
CNBC's "Closing Bell" team discusses the latest Brexit defeat and its impact on markets with Kate Warne, investment strategy at Edward Jones, and Rick Santelli at the CME in Chicago.
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