U.K. May Hold Off Naming Bank of England Head Until After Brexit

In this article The U.K. is considering delaying two key announcements in the latest sign that Prime Minister Boris Johnson’s government is on an election footing. Chancellor of the Exchequer Sajid Javid may wait to name a successor to Bank of England Governor Mark Carney until after Britain’s planned Oct. 31 departure from the European Union, according to a person […]

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Boris Johnson to face EU leaders for Brexit talks as uncertainty roils UK markets

U.K. Prime Minister Boris Johnson will meet his German and French counterparts this week. Johnson has repeatedly rubbished the existing Brexit deal on offer. U.K. government has scrambled to defend its Brexit plans following a leak of an internal report detailing potential disruption in the wake of a"no-deal" scenario. The direction Brexit will take could become clearer this week as […]

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Britain's falling pound signals Brexit dismay

LONDON (NYTIMES) – The British pound has long possessed a mystique that transcends its marginal role in the global economy, conjuring memories of its dominance in the imperial age. But lately, the currency has devolved into a sign of Britain’s diminishing fortunes in a present dominated by Brexit. As the country slides towards the European Union’s exits, the latest pressure […]

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If Boris Johnson shifts his Brexit plans, the pound could trade 'north of $1.35,' says UBS

Incoming British Prime Minister Boris Johnson may need to rethink his stance on Brexit, given Parliament's opposition to a so-called hard Brexit, a UBS investor projects. "Being a prime minister, things can change, and so maybe we also think about a little bit of an extension to the Brexit negotiation," Dominic Schnider tells CNBC's "Squawk Box." Should Johnson soften his perspective […]

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Government needs to prepare for United Ireland referendum in case of Brexit crash-out – Mary Lou McDonald

The Government needs to prepare for a referendum on United Ireland in case the UK crashes out of the EU, according to Mary Lou McDonald. Speaking on Today with Sean O’Rourke on RTÉ’s Radio One this morning, the Sinn Féin leader stated that preparation needs to begin now. “The government needs to be preparing for the ultimate scenario, where if […]

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Trump Says He Will No Longer Deal With British Ambassador Whose Critical Cables Were Leaked

WASHINGTON — President Trump lashed out on Monday at Britain’s ambassador to the United States, saying the White House would no longer deal with him after the publication of confidential cables in which the ambassador, Sir Kim Darroch, disparaged Mr. Trump’s administration as “clumsy and inept.” Mr. Trump’s criticism, delivered in a pair of midday tweets, escalated the tensions between […]

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