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April 16, 2021

Brexit Referendum and Its Consequences

UK economy to return to pre-COVID-19 level around mid-2022: Reuters poll

Reuters
LONDON (Reuters) – Britain’s economy will be back to its pre-COVID-19 level around the middle of next year, according to economists in a Reuters poll who said unemployment would peak at 6.2% as 2021 draws to a close and the pandemic job support scheme ends. FILE PHOTO: The City of......

Sterling recovers; long positions shrink to nine-week low

Reuters
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, April 12 (Reuters) – The pound rose on Monday, recovering partly after a weekly loss, while CFTC data showed that speculators’ net long positions fell to a nine-week low as market participants split......

Northern Ireland riots must stop before someone killed: Ireland’s Coveney

Reuters
FILE PHOTO: Irish Foreign Minister Simon Coveney in Berlin, Germany, December 11, 2020. REUTERS/Fabrizio Bensch/Pool/File Photo DUBLIN (Reuters) – Nightly outbreaks of street violence in Northern Ireland must stop before somebody is killed, Irish Foreign Minister Simon Coveney said on Thursday, calling on the region’s political and community leaders to......

Sterling sinks to two-week low vs euro, one-week low vs dollar

Reuters
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, April 7 (Reuters) – Sterling sank on Wednesday as profit-taking by traders after a strong first quarter for the British currency pulled it to a week’s low against the dollar and its lowest......

Half of UK firms expect long-term post-Brexit disruption – survey

Reuters
LONDON (Reuters) – The majority of British firms have faced disruption with trade with the European Union since Brexit, with many expecting the problem to last for some time, according to a survey published on Saturday. FILE PHOTO: A general view shows the London skyline, in London, Britain December 24,......

Brexit reality only hitting now, EU’s Barnier says

Reuters
BRUSSELS (Reuters) – The European Union’s former Brexit negotiator, Michel Barnier, said on Wednesday the reality of Britain’s decision to leave the bloc was only now being felt, years after the British 2016 referendum on membership. FILE PHOTO: European Union’s chief Brexit negotiator Michel Barnier gives a statement on the......

Britain and EU strike cooperation pact for financial services

Reuters
FILE PHOTO: The City of London financial district is seen with office skyscrapers commonly known as ‘Cheesegrater’, ‘Gherkin’ and ‘Walkie Talkie’ seen in London, Britain, January 25, 2018. Picture taken January 25, 2018. REUTERS/Toby Melville/File Photo LONDON (Reuters) – Britain and the European Union agreed a new financial services cooperation......

Sterling steadies after two consecutive days of losses

Reuters
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, March 25 (Reuters) – Sterling steadied against the dollar and euro on Thursday after two consecutive days of losses prompted by fears that the European Union might ban vaccine exports to Britain, which......

Britain targets influence in Indo-Pacific as counterweight to China

Reuters
LONDON (Reuters) – Britain wants to expand its influence among democratic nations in the Indo-Pacific region while preserving strong ties with the United States, a document laying out the country’s post-Brexit foreign policy priorities will say on Tuesday. FILE PHOTO: British Prime Minister Boris Johnson holds a news conference in......

Let’s reset ties, EU urges Britain over post-Brexit relations

Reuters
FILE PHOTO: Flags of the Union Jack and European Union are seen ahead of the meeting of European Commission President Ursula von der Leyen and British Prime Minister Boris Johnson, in Brussels, Belgium December 9, 2020. Olivier Hoslet/Pool via REUTERS LONDON (Reuters) – Britain and the European Union should stop......

Shake off your ill will, Britain tells EU over post-Brexit trade

Reuters
LONDON (Reuters) – The European Union should shake off its ill will and build a good relationship with Britain as sovereign equals, Britain’s top EU adviser David Frost said on Sunday, promising to stand up for the country’s interests. FILE PHOTO: Britain’s cabinet minister in charge of relations with the......

Brexiteer Nigel Farage steps down as leader of Reform UK

Reuters
FILE PHOTO: Brexit Party leader Nigel Farage holds a Union Jack flag during a plenary session at the European Parliament in Brussels, Belgium January 29, 2020. REUTERS/Francois Lenoir LONDON (Reuters) – Brexit campaigner Nigel Farage said on Saturday he would step down as the leader of Reform UK, the rebranded......

UK new car sales slump in February amid COVID-19 hit

Reuters
FILE PHOTO: Parked cars are seen at the Vauxhall plant as the outbreak of the coronavirus disease (COVID-19) continues, in Ellesmere Port, Britain March 16, 2020. REUTERS/Phil Noble/File Photo LONDON (Reuters) – British new car registrations fell by roughly 36% year-on-year in February, according to preliminary data from an industry......

Be creative in keeping City of London competitive, UK government tells Bank of England

Reuters
FILE PHOTO: Canary Wharf in London, Britain December 27, 2020. REUTERS/Simon Dawson/File Photo LONDON (Reuters) – Brexit is opening a new chapter for Britain to think “creatively” about keeping the UK an attractive location for international financial services companies, Britain’s finance minister Rishi Sunak told the Bank of England. Britain......

Brexodus from City of London to the EU slows

Reuters
LONDON (Reuters) – The shift in financial staff and assets from the City of London to the European Union because of Brexit has eased after Britain completed its full departure from the bloc, a tracker from consultants EY showed on Tuesday. Financial services are not included in the EU-UK trade......

Northern Ireland’s first minister ups ante in UK-EU trade dispute

Reuters
BELFAST (Reuters) – Northern Ireland’s first minister upped the ante on Wednesday in a dispute between the UK and the European Union over trade with the province, calling on Prime Minister Boris Johnson to “step up and protect the United Kingdom”. FILE PHOTO: Containers are stacked at the Port of......

UK will resist EU pressure on banks over clearing: BoE’s Bailey

Reuters
FILE PHOTO: Chief Executive of the Financial Conduct Authority Andrew Bailey speaks at a press conference at the Bank of England in London, Britain February 25, 2019. Kirsty O’Connor/Pool via REUTERS/File Photo LONDON (Reuters) – Britain will resist “very firmly” any European Union attempts to arm-twist banks into shifting trillions......

Northern Ireland’s DUP to take legal action against Brexit deal

Reuters
FILE PHOTO: Leader of the DUP Arlene Foster MLA speaks at the Democratic Unionist Party (DUP) annual conference in Belfast, Northern Ireland October 26, 2019. REUTERS/Lorraine O’Sullivan DUBLIN (Reuters) – Members of Northern Ireland’s Democratic Unionist Party are set to take part in legal action challenging part of Britain’s divorce......

UK could declare Brexit ‘water wars’: The Telegraph

Reuters
FILE PHOTO: A view shows the Cherbourg Harbour, France, January 21, 2021. REUTERS/Gonzalo Fuentes/File Photo (Reuters) – Britain could restrict imports of European mineral water and several food products under retaliatory measures being considered by ministers over Brussels’ refusal to end its blockade on British shellfish, the Telegraph reported. Senior......

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