How will Brexit affect the big companies in the UK

With Britain facing six-month uncertainty over Brexit, the cost is accumulating for the UK industry, which is preparing for the split. Companies spend millions of pounds on unforeseen circumstances, preparing for the worst scenario “no deal Brexit.” This is a grace for lawyers, consultants, regulatory agencies and customs agents, but a long business confusion in […]

Theresa May seeks support from Merkel and Macron

Prime Minister of Great Britain Theresa May went to Berlin and Paris on Tuesday for talks with German and French leaders in an effort to provide support for a second delay for Brexit. The talks come before EU leaders meet in Brussels on Wednesday for an emergency summit dedicated to Brexit. At the EU Council […]

Britain faces the deadline for Brexit

The future of Britain is more precarious than ever, as the Brexit talks do not bring any compromise before the important decisions that need to be made. Meanwhile, on the continent, all eyes are on the EU leaders who will meet on Wednesday and have to decide whether to give the UK more time to […]

UK’s government faces ‘total collapse’ over Brexit

Sunday Times said at least six pro-European Union senior ministers will resign if UK PM May opts for a no-deal departure from the EU. But at the same time, rival ministers who support Brexit were threatening to quit if May decides to stay close to the EU with a customs union or if she sought […]

Fateful Brexit vote today at 21:00

On Tuesday the British Parliament rejected May’s deal to exit the European Union for a second time, deepening the country’s political crisis days before the planned departure date on March 29. Lawmakers will vote later today on whether Britain should quit the trading bloc without a deal. The vote is set to take place at […]

Mark Mobius: It’s time Theresa May to go

Veteran investor Mark Mobius had unforgiving words for the U.K.’s leadership ahead of crucial Brexit votes later this week. At the Global Financial Forum in Dubai, the asset management mogul said it was Prime Minister Theresa May’s time to go. “I think May has got to go,” the founder of Mobius Capital Partners fund said. […]

UK might not get a Brexit deal — here’s what that means for markets

Investors should start preparing for a scenario in which the U.K. does not reach an agreement with the European Union over Brexit, a political analyst told CNBC Tuesday. The U.K. voted in June 2016 to leave the EU, but the process to leave the bloc has proven long and rich in technical details. No matter […]

Boris Johnson resigned, GBP seems to succumb to pressure

UK foreign secretary Boris Johnson has submitted his resignation and Theresa May has accepted it. Theresa May’s office says a new foreign minister will appointed shortly. PM office statement: “This afternoon, the Prime Minister accepted the resignation of Boris Johnson as Foreign Secretary. His replacement will be announced shortly. The Prime Minister thanks Boris for […]

Pound retreats as trouble mounts for May.

The pound slipped early on Monday as troubles mounted for British Prime Minister May, with a report that 40 Conservative MPs are readying a leadership challenge, while Brexit talks face a crucial deadline. Sterling was last down 0.55 percent at $1.3120 , pulling away from an eight-day peak of $1.3229 scaled on Friday on better-than-expected […]

The world after Brexit: Here’s what happens next

A majority of British voters decided that the United Kingdom should leave the European Union, and Prime Minister David Cameron announced his resignation. Global markets are moving wildly, and currencies are making big moves, but the actual political process will be much, much slower. First — technically speaking — the referendum is not legally binding. […]