| 22 May 2019 |
08:22 |
GBP/USD - 1.2681... Reuters news, one Minister suggests May could update her pitch to the original plan pre-yesterday's Cabinet: explicitly putting a customs union and second referendum in the WAB and offering a free vote - BuzzFeed reporter
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| 22 May 2019 |
07:50 |
EUR/USD - 1.1152... Reuters reported European Union budget rules limiting the deficit and debt that each member state is allowed to run should be removed to free up the bloc's economies, Italian Deputy Prime Minister Matteo Salvini said on Wednesday.
"We must get out from the cage," Salvini said in a interview with broadcaster Canale 5, adding that EU policy over the past decade had brought "precariousness and despair".
Salvini, who is leader of the ruling League party, said the government will not collapse following the European parliament election on May 26. Italian newspapers have speculated that the fractious coalition might break apart if the League trounces its cabinet ally the 5-Star Movement at the polls.
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| 22 May 2019 |
07:38 |
GBP/USD - 1.2669... Reuters reported the British government will reflect on how people react to Prime Minister Theresa May's Brexit deal, environment minister Michael Gove said on Wednesday when asked whether there will definitely be a vote in the week of June 3 on the bill.
"We will reflect over the course of the next few days on how people look at the proposition that's been put forward," he told BBC radio.
"There has to be a vote on a withdrawal agreement implementation bill," he said.
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| 22 May 2019 |
07:37 |
GBP/USD - 1.2668... Reuters news, when a UK Minister was asked if May can stay on past this weekend, the answer was: 'I hope not' - BBC political editor
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| 22 May 2019 |
07:19 |
USD/MAJORS... Reuters news, China Foreign Ministry says :
- China opposes U.S. using national powers to smear Chinese companies
- urge U.S. to provide fair and non-discriminatory environment for Chinese firms
Reuters then reported China's Foreign Ministry said on Wednesday that China opposes the United States smearing Chinese companies, after media reports that the U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision.
China urges the United States to provide a fair and non-discriminatory environment for Chinese firms, ministry spokesman Lu Kang told a daily news briefing.
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| 22 May 2019 |
07:16 |
GBP/USD - 1.2668... Reuters news, UK Environment Minister Gove says :
- we will publish Brexit deal bill later today
- there has to be a vote on Brexit WAB
- I think PM will be PM next Tuesday
- Boris Johnson served as Foreign Minister with distinction, I have huge admiration for him
- there is a field of potential leaders all with something to offer
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| 22 May 2019 |
07:05 |
EUR/USD - 1.1151... Reuters news, Italy's Deputy PM Salvini says :
- government will not collapse after EU vote even if his League Party does well
- all EU budge constraints should be removed, EU policy "has brought precariousness and despair"
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| 22 May 2019 |
06:44 |
GBP/USD - 1.2691... Reuters news, UK opposition Labour's Brexit spokesman says :
- PM May's deal is far too weak
- PM May should just admit defeat
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| 22 May 2019 |
06:17 |
GBP/USD - 1.2698... Reuters news, UK opposition Labour's Brexit spokesman says :
- sensible for PM May not to put her Brexit deal to vote in parliament
- PM May could pull deal and address Labour's concerns on close economic relationship with EU and public vote
Reuters then reported British Prime Minister Theresa May should not put her Brexit deal to a fourth vote in parliament after her new offering to lawmakers met with renewed criticism, the opposition Labour Party said.
"I genuinely think it would be sensible for the Prime Minister to say I will not now put this package to the vote," Labour's Brexit spokesman Keir Starmer told the BBC.
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| 22 May 2019 |
06:16 |
GBP/USD - 1.2698... Reuters news, BBC political editor says :
- there is a new push to oust PM asap so she doesn't have a change to put the bill forward being led by MP Nigel Evans
Reuters then reported lawmakers in Prime Minister Theresa May's Conservative Party have begun a new push to oust her even earlier so that she doesn't have the chance to put her Brexit compromise plan to a vote in parliament, the BBC's political editor said.
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| 22 May 2019 |
06:15 |
EUR/USD - 1.1155... Reuters news, French Finance Minister Le Maire says :
- differing political views in Europe weaken the euro
Reuters then reported the euro is being weakened by clashing political and economic policies in the euro zone economic bloc, French finance minister Bruno Le Maire told France Info radio on Wednesday.
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| 22 May 2019 |
05:51 |
GBP/USD - 1.2709.. Reuters Brexit news, UK PM May says in a letter to Labour's Corbyn :
- I have compromised to deliver Brexit, now I ask you to
Reuters then reported British Prime Minister Theresa May has asked Labour leader Jeremy Corbyn to support her Brexit deal after offering sweeteners including the chance to vote on whether to hold a second referendum.
Corbyn said on Tuesday that his party could not vote for the Withdrawal Bill, describing May's new offer as "largely a rehash of the government's position" in talks with the opposition that broke down last week.
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| 22 May 2019 |
05:31 |
USD/MAJORS - Reuters news, Fed's Bullard continues to speak :
- China has a lot to gain from establishing credibility on trade
- China selling U.S. treasuries not as big a threat as it is made out to be
- U.S. yield curve "a little bit worrisome", hopeful yield curve will steepen somewhat from here
- chances of global or US recession "no higher than it ever was"
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| 22 May 2019 |
05:16 |
USD/JPY - 110.46.. Reuters news, BOJ board member Harada continues to speak :
- modern monetary theory (MMT) is questionable as when unlimited govt debt issuance would cause unwelcome inflation
- Q1 GDP appears strong but driven by falls in imports, so hard to say economy is recovering
- raising sales tax when economy is at delicate state may risk causing recession
- cutting rates, increasing asset buying or pace of money printing could be among steps if BOJ were to ease more
- BOJ could also strengthen forward guidance by committing to keep ultra-easy policy longer than expected, if it needed to ease more
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| 22 May 2019 |
05:09 |
EUR/USD - 1.1155.. Reuters news, Italy's Deputy PM Salvini says :
- govt will not fall apart after EU election - paper
- confident he will continue to work well with 5 Star coalition partner - paper |
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