No Delays! Downing Street is confident it can activate Article 50 by March, despite today’s high court ruling November 3, 2016 Downing Street is sticking to plans to activate Article 50 early next year despite this morning's high court ruling. Today a high court judge ruled that Prime Minister Theresa May needed the approval of parliament to begin the process of quitting the European Union. Despite the setback, Theresa May remains confident there will be no delays. [...]
How Westminster reacted to the High Court’s Article 50 ruling November 3, 2016 A High Court judgement that MPs must vote on Brexit before Article 50 can be triggered has caused quite the stir. Not least among currency traders, with the pound breaking the $1.24 mark for the first time in weeks. Read more: The odds on another EU referendum have halved The government said: "The country voted [...]
The odds of a second EU referendum have halved after the Article 50 ruling on Brexit November 3, 2016 Bookmakers Paddy Power have halved the odds of a second EU referendum taking place before 2019 after the High Court ruling on Brexit this morning. The odds have been reduced from 10/1 to 5/1 this morning. Ladbrokes have also cut the odds of when the next general election. The latest figures show 2/1 odds of [...]
Best Twitter reactions to the news that triggering Article 50 will require a parliamentary vote November 3, 2016 Today the High Court ruled that the government could not trigger Article 50 without MPs having a vote in parliament. Theresa May had maintained that the government could use a royal prerogative to trigger the two years of talks. The government will now challenge the decision in the Supreme Court. The case was brought in [...]
“Our political class do not accept the Referendum result”: Nigel Farage’s reaction to the High Court decision on Article 50 November 3, 2016 Former Ukip leader Nigel Farage has said "betrayal may be near at hand" after the High Court ruled MPs must vote before the government can begin the Brexit process. In a statement, Farage said: "I worry that a betrayal may be near at hand. Last night at the Spectator Parliamentary Awards I had a distinct feeling that [...]
Sterling just shot up after the Article 50 High Court case ruling November 3, 2016 The pound has risen at the news that the government will have to seek parliamentary approval before it triggers Article 50 in March next year. Today campaigners won a battle in the High Court over Theresa May's decision to use the royal prerogative in her Brexit strategy. Judges ruled that the prime minister does not [...]
The fate of the world’s teetering, warns Obama ahead of US election November 3, 2016 There have been some dramatic moments through the lead up to the US presidential election. And making a play for his spot on the top 10 list, Barack Obama warned supporters in the key battleground state of North Carolina that: "The fate of the world is teetering, and you, North Carolina, are going to have [...]
Why Trump could be in for a thumping victory November 3, 2016 As if 2016 hadn’t already provided enough reasons for investors to panic, a late narrowing of opinion polls ahead of next week’s US election is sending shivers through trading flaws. Could Donald Trump steal an incredible (and, in the opinion of many, terrifying) victory next Tuesday? It remains unlikely – but less unlikely than in recent [...]
City passporting rights deal “unachievable” in Brexit negotiations, warns top EU financial lawyer November 2, 2016 The UK is unlikely to be able to secure passporting rights during Brexit negotiations, a top EU financial lawyer has warned in a report. In its Blueprint for Brexit paper, think tank Politeia said preserving so-called passporting rights for financial services at all costs should not be prioritised by UK negotiators as it is not achievable. Passporting allows financial services [...]
Ireland is launching a charm offensive on the UK’s financial services market after Brexit November 2, 2016 The Irish government has embarked on a charm offensive in a bid to lure parts of the UK's financial services market to Dublin in the aftermath of Brexit. Financial services minister Eoghan Murphy is meeting firms in the capital this week to discuss the merits of the Ireland as a gateway to Europe. Just days after [...]