| 18 Jul 2019 |
10:56 |
EUR/USD - 1.1212... Reuters reported Italy's Deputy Prime Minister Luigi Di Maio, who also heads the 5-Star Movement, said on Thursday his far-right League allies had to decide whether they wanted to quit the coalition or keep it going.
Long-simmering tensions between the two parties have heated up after the League voted against Ursula von der Leyen as the new president of the European Commission earlier this week, while 5-Star backed her candidacy.
League leader Matteo Salvini has accused 5-Star of betraying Italian national interests and told daily Corriere della Sera on Thursday there was still time to dissolve parliament and hold elections after the summer holiday.
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| 18 Jul 2019 |
10:47 |
USD/MAJORS... Reuters news, U.S. Treasury's Mnuchin says :
- most conservative U.S. debt ceiling scenario would cause problems if Congress fails to pass an increase by early September
- first preference would see a full debt limit and spending deal passed by Congress before August recess, but a temporary debt limit extension may be possible
- will work very closely with Europeans on IMF leadership choice
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| 18 Jul 2019 |
10:38 |
GBP/USD - 1.2470... Reuters reported measures to try to force the government to report every two weeks on talks to restore the Northern Irish executive would be counterproductive to those negotiations, a spokesman for British Prime Minister Theresa May said on Thursday.
Lawmakers will vote later on Thursday on a beefed-up proposal to the Northern Ireland (Executive Formation) bill aimed at making it harder for the next prime minister to try to force through a no-deal Brexit by suspending parliament.
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| 18 Jul 2019 |
10:34 |
GBP/USD - 1.2475... Reuters news, Labour peers in House of Lords to consider no-confidence vote in leader Corbyn - BBC
Reuters then reported Labour members of Britain's House of Lords are poised to hold a vote of no confidence in leader Jeremy Corbyn over his handling of claims of anti-Semitism in the party, the BBC reported on Thursday.
There will be an emergency meeting next Monday to consider such a motion, the BBC said.
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| 18 Jul 2019 |
10:31 |
EUR/USD - 1.1217... Some news worth noting, ECB said to be studying potential revamp of inflation goal
Euro falls on this news.
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| 18 Jul 2019 |
10:27 |
EUR/USD - 1.1231... Reuters news, Italy's Di Maio says :
- the League must say clearly if it wants to topple the government
- government can't carry on with League threatening constant crises
- League must decide whether to act in interest of the country or its own interests
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| 18 Jul 2019 |
10:19 |
GBP/USD - 1.2480... Reuters news, UK PM May's spokesman says :
- the bill's purpose is clear and forcing a report and debate every two weeks risks being counterproductive to this aim, when asked about amendments to Northern Ireland bill to try to stop suspension of parliament
- PM was clear in public and private that the UK was prepared to leave the EU without a deal
- EU's Barnier has made his views known quite often throughout the Brexit negotiations
- PM has repeatedly said it is better to leave with a deal, when asked about no-deal analysis
- as we've said comments made in relation to democratic congresswomen were unacceptable, when asked about the Trump rally where his supporters chanted "send her back"
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| 18 Jul 2019 |
09:46 |
GBP/USD - 1.2465... Reuters then reported Irish Prime Minister Leo Varadkar said on Thursday he was willing to listen to alternative proposals from the next British prime minsiter on keeping Northern Ireland's border open after Brexit.
Varadkar said he was willing to meet the new prime minsiter as soon as he is selected by the ruling Conservative Party. If they have "proposals that genuinely achieve the same outcome I have to listen to them," he told Irish broadcaster RTE.
"I am willing to compromise, provided those objectives achieved," he said. "The objectives are that Brexit should not lead to the emergence of a hard border between north and south, that the right of citizens in Northern Ireland are fully protected and that we preserve north/south cooperation on the all-island economy and the Good Friday Agreement."
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| 18 Jul 2019 |
09:28 |
GBP/USD - 1.2480... Reuters news, Irish PM says adds :
- would depend on what uk pm has in mind
- a possibility is that backstop would become northern Ireland only; admits would not go down well with Dup
- needs to have a 'detailed, meaningful engagement' with new UK PM
- does not plan to have an election this year 'but it may not be my call'
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| 18 Jul 2019 |
09:18 |
GBP/USD - 1.2480... Reuters news, Irish PM says :
- if there is a no-deal it will be the choice of the UK govt
- looking forward to an early meeting with new UK PM
- very aware that both UK PM candidates voted for the withdrawal agreement and the backstop
- there a few ways to avoid a hard border
- if there are proposals that genuinely bring same outcome on border, will have to listen to them
- I can see a route to a resolution
- asked if compromise needed on both sides, said focus should be on objectives
- willing to compromise so long as my objectives are achieved
- if there are no meaningful suggestions from candidates, then we cannot move away from withdrawal agreement and backstop
- extension could be a result of referendum, election or if time needed for legislation
- I have been dealing with Brexit long enough to know that circumstances can chance
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| 18 Jul 2019 |
09:02 |
GBP/USD - 1.2482... Reuters news, BBC political says :
- anti-no deal rebels reckon 2 Cabinet Ministers are ready to abstain on their amendment at lunchtime
- Tory anti prorogue rebels think philip Hammond could abstain and 30 tories join them
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| 18 Jul 2019 |
08:51 |
GBP/USD - 1.2482... Reuters news, UK Finance Minister Hammond says :
- in reaction to OBR report, greatly fears impact on economy and public finances of the kind of no deal Brexit that is being discussed now
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| 18 Jul 2019 |
08:46 |
GBP/USD - 1.2480... Reuters reported British lawmakers will vote on Thursday on a measure aimed at making it harder for the next prime minister to try to force through a no-deal Brexit by suspending parliament.
Boris Johnson, the frontrunner to succeed Prime Minister Theresa May next week, has said Britain must leave the European Union on Oct. 31, with or without a deal, and has refused to rule out suspending parliament to prevent lawmakers from trying to block his exit plan.
The measure being voted on does not go as far as an outright block on parliament being suspended but media reported Dominic Grieve, the lawmaker behind the proposal, could try to bring forward a more far reaching clause seeking to ensure parliament is not
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| 18 Jul 2019 |
08:32 |
GBP/USD - 1.2480... Reuters reported British retail sales rebounded unexpectedly in June, according to official data that may raise hope the economy will sidestep a downturn in the second quarter.
Monthly retail sales volumes jumped 1.0%, the Office for National Statistics said, well above all forecasts in a Reuters poll of economists that had pointed to a 0.3% drop.
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| 18 Jul 2019 |
07:19 |
EUR/GBP - 0.9024... Some news worth noting, media sources reported comments from EU's Barnier who says :
- ready to work on alternative arrangements for Irish border
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