Brexit

There’s likely going to be a hunt for direction this morning as investors await the Fed’s latest verdict on the economy and its thoughts on the future direction of interest rates.  It wouldn’t be all that surprising to see some slow trade ahead of the Fed meeting. Things are...

  British Prime Minister Theresa May is reportedly writing to the European Union (EU) today to ask for an extension to Article 50 of three months – to 30 June, with an option of a two-year delay. News outlets in the United Kingdom (UK) are reporting that May is planning to return her...

There have been two major themes arguably helping to boost stocks this year: A dovish Fed and increasing optimism about a U.S.-China trade deal. With little news on the latter front this morning, focus could turn toward the Fed, which begins its two-day policy meeting today. With the central bank...

Inflation is set to remain steady in the UK, just below the BOE's target.  Brexit is in the limelight, but the release could have a meaningful impact in the short term. The risks are skewed to the upside due to several reasons. The UK publishes the inflation report for February on...

The UK jobs report came out significantly better than expected.  This adds to the BOE's reasons to raise rates and will push the pound higher. But nothing will move until Brexit is resolved. The UK published its labor market report around 12 minutes earlier than expected. Are UK...

  Freight businesses may be relieved of their Brexit stress this week if a temporary solution to the process is found. The Conservative Party is still attempting to get its Brexit deal through Parliament, with possibly a third and fourth vote this week. That quest may have been dealt a...

  The UK's Parliament has voted to ask the European Union (EU) for "a one-off extension to Article 50 ending 30 June 2019," by a significant majority of 210 votes. The extension will need to be agreed by all 27 of the other members of the EU at a meeting on 21 March. The EU...

Events over the last few days in the British Parliament have increased the significance of today's vote on whether to extend Article 50, as the febrile atmosphere around the House of Commons reaches fever pitch. To recap, Prime Minister Theresa May suffered her second major defeat to her...