Brexit

The Hong Kong Exchanges and Clearing company's proposed $37-billion acquisition of rival London Stock Exchange could be dead on arrival, with the London exchange reportedly set to reject the offer and U.K. regulators likely to block a deal.  Bloomberg Commentator: Odd Deal The...

A no-deal British exit (Brexit) from the European Union could see truck flows on English Channel tunnel and ferry routes cut to just 50% of current levels for three months, according to newly revealed secret U.K. government documents. Truck drivers could also face delays of up to 2.5 days before...

U.K. Parliament has officially been suspended or “prorogued” until Oct. 14. The move has been met with protests from some MPs who were against the suspension. The decision comes after Prime Minister Boris Johnson’s bid to call a snap election in October was defeated for a...

Just weeks from a potential Oct. 31 no-deal Brexit, the U.K.'s political system is close to breakdown with almost every conceivable outcome in terms of European Union departure date and trade terms still on the table. As reported in FreightWaves, the shipping and logistics sectors are doing their...

Boris Johnson's proposal to hold a snap election Oct. 15 has been rejected by MPs in a major setback for the UK prime minister.  His opposition, Labour leader Jeremy Corbyn, has said his party will agree to a snap election if a bill preventing a no-deal Brexit is passed.  MPs will now...

GBP/USD has surged some 300 pips from the lows and more may be in store.  Lower chances of a no-deal Brexit boost the pound. Further febrile political developments and US data are set to dominate trading. Thursday's four-hour chart is showing that GBP/USD is breaking critical resistance...

Air cargo carriers are expecting a demand surge for scheduled and charter capacity if the British government overcomes opposition in Parliament and proceeds with a no-deal exit from the European Union Oct. 31, a scenario that even government experts agree will cause logistics chaos at English...

GBP/USD may surge if UK opposition parties win another victory. Sequencing of bills is critical to the next moves. Wednesday's four-hour chart shows a critical "do or die" resistance line. Boris Johnson's first encounter with parliament has ended with a humiliating loss –...

Although consumption rates in Europe have remained durable and kept cargo demand reasonably buoyant this year, the U.S.-China trade war and ‘Brexit' are casting dark clouds over the European economy and freight outlook, according to analysts and executives. "I think the biggest problem right now...

U.K. Prime Minister Boris Johnson lost majority support in the House of Commons as he faced a showdown Tuesday with members of the Conservative Party. Earlier today, Conservative Party MP Phillip Lee defected to the Liberal Democrats. Lee took his seat on the opposition benches as Johnson...

In the last trading session before a U.S.-holiday weekend, investors appear to be optimistic a day after some of the trade tensions between China and the United States seemed to thaw a little. With the trade war between the world’s two largest economies arguably the single biggest thing on...

GBP/USD remains on the back foot after PM Johnson's suspension of parliament.  The ongoing Brexit battle and US GDP are set to dominate trading. Thursday's four-hour chart is pointing to further falls. Uproar, outrage, and a coup – have been used frequently in describing the UK...

Sell-side analysts remained mostly bullish, though with lowered price targets, on Autodesk, Inc. (NASDAQ: ADSK) after a strong second-quarter print that was marred for investors by lowered guidance that reflects international economic concerns. Autodesk beat quarterly targets soundly, with revenue...

Queen Elizabeth II has OK'ed Prime Minister Boris Johnson's request to suspend Parliament in September, with a new session beginning in mid-October.  The move gives MPs limited time to stop a no-deal Brexit.  In response to this news, the sterling fell 1% against the dollar...

GBP/USD has been tumbling down after the government moves to suspend parliament. The chances of a hard Brexit rise unless the opposition passes legislation. Wednesday's four-hour chart implies further falls are possible. UK prime minister Boris Johnson has sent sterling stumbling as he moves...