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. » Read More
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. » Read More |
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. » Read More |
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. » Read More |
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.
CNBC's "Closing Bell" team discusses the latest Brexit defeat with Catherine Mann, global chief economist at Citi, Marc Chandler, chief market strategist at Bannockburn Global Forex, and Christopher Smart, head of macroeconomics and geopolitical research at Barings.
Sameer Samana of Wells Fargo and CNBC contributor Michelle Caruso-Cabrera join CNBC's "Closing Bell" team discuss what is next after the defeat of Theresa May's Brexit deal in the House of Commons.
CNBC's Willem Marx reports on the defeat of Theresa May's Brexit divorce deal and what may come next.
CNBC's "Power Lunch" team breaks down the resounding defeat of Theresa May's Brexit divorce deal.
CNBC's Wilfred Frost breaks down the resounding defeat of Theresa May's Brexit divorce deal. The vote led to 432 lawmakers deciding against the Brexit deal.
Gillian Tett, Financial Times U.S. managing editor, joins "Squawk Alley" to discuss the potential impacts of the Tuesday Brexit vote.
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