Rally on last-minute tweaks evaporates
• Pound reverses course after UK’s Cox comments
But markets rapidly reversed course midmorning after Britain’s Attorney General Geoffrey Cox said the legal risks to the Irish backstop, or protocol, remained unchanged despite assurances from the European Union.His comments reignited worries that the latest tweaks would not be enough to woo rebellious British lawmakers who have threatened to vote down May’s plan again on Tuesday evening, raising the chances of a no-deal exit that have unnerved financial markets in recent months.
Securing a deal to avoid crashing out of the EU or delaying the process would eliminate one of the three major concerns of global investors, alongside trade and slowing global growth. “This additional agreement to the existing contract does slightly increase the probability that by tonight the deal will go through, but only slightly increases it,” said Britt Weidenbach, head of European equities at DWS.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stalock sprints to Wild bench thinking there was a delayed call - Sportsnet.caWatch as Stalock sprints to the Minnesota Wild bench on what he believed to be a delayed penalty against the Florida Panthers.
Read more »
Posthaste March 12: Australia grounds Boeing 737 Max 8 planes as pressure mounts on aircraft makerThere is a Brexit vote this evening, and why TransCanada may lose $900 million
Read more »
Pound jumps, Asian shares rise after changes to Brexit dealThe amended Brexit deal gave a further boost to investors’ appetite for riskier assets
Read more »
EU to charge Britain $1.7 billion a month as punishment for Brexit delayMay spent her weekend frantically calling European leaders and backbench MPs to beg them for help
Read more »
‘Just one more push’ to get Brexit, Britain’s May urges EUIf Tuesday’s vote isn’t passed, lawmakers will vote on Wednesday and Thursday on whether they want to leave the bloc without a deal, or ask for a delay to Brexit beyond March 29
Read more »
Theresa May’s Brexit revisions appear headed for defeat in British House voteDemocratic Unionist Party and a group of the Prime Minister’s fellow Conservative Members of Parliament signal they will not support latest revisions to deal
Read more »
Theresa May wins some last-minute Brexit deal revisions with the EUMembers of Parliament are due to vote on the revised deal on Tuesday and it faces widespread opposition
Read more »
Britain’s economy picks up but remains in low gear ahead of BrexitGross domestic product in January jumped by 0.5 per cent, its biggest increase since December 2016, more than reversing a 0.4 per cent fall in December
Read more »
May warns MPs Brexit will never happen without new dealPrime Minister Theresa May tried to pressure U.K. lawmakers Friday to support her Brexit deal, warning that Britain may never leave the European Union if they vote down the agreement next week.
Read more »