British Prime Minister Boris Johnson says Brexit deal chances are rising

British Prime Minister Boris Johnson delivers a speech at 10 Downing Street on September 2, 2019 in London, England.Chris J Ratcliffe | Getty ImagesU.K. Prime Minister Boris Johnson said Monday that chances of striking a deal to leave the European Union have increased as he insisted Britain would not delay its exit from the bloc again. In a statement following an emergency meeting with his cabinet, Johnson urged members not to vote this week for legislation to block a no-deal Brexit. In that scenario, the U.K. would leave the EU without an agreement in place for exactly how the breakup would work. Casting any more delays as "pointless," the prime minister said "we will not accept any attempt to go back on our promises and scrub" Britain's referendum vote in favor of leaving the EU. Britain is due to leave the bloc on Oct. 31. "We're leaving on the 31st of October, no ifs or buts. We will not accept any attempts to go back on our promises," he said. The pound dropped against ..

Argentina imposes currency controls as its economic crisis deepens

A woman walks with an Argentinian flag during a march in support of President Mauricio Macri on August 24, 2019 in Buenos Aires, Argentina.Ricardo Ceppi | Getty Images News | Getty ImagesArgentina's government has imposed currency controls in a bid to stabilize financial markets, as Latin America's third-largest economy faces a deepening economic crisis. The temporary measures, announced on Sunday, allow the government to restrict foreign currency purchases following a sharp drop in the super-sensitive peso. All companies must now request permission from Argentina's central bank to sell pesos and buy foreign currency to make transfers abroad. In an official bulletin issued on Sunday, the government said currency controls were necessary "to ensure the normal functioning of the economy." The latest move follows the surprise announcement on Wednesday that Argentina would seek to defer payments on roughly $100 billion of debt, which credit rating agency S&P classified as a d..

Sterling slips on rumors UK government is preparing for a snap election

Conservative Party leadership candidate Boris Johnson gestures as he talks during the launch of his campaign in London, Britain June 12, 2019.Henry Nicholls | ReutersSterling fell against the dollar Monday following dismal manufacturing data and speculation that U.K. Prime Minister Boris Johnson could be planning a general election in the coming months. The currency slipped 0.7% on the session to trade at $1.2074 by 1:30 p.m. London time, extending losses an hour later to hover near $1.2053. Johnson is due to meet his cabinet for an emergency meeting later on Monday, with reports that he will also be speaking to members of the wider Conservative Party too. Opposition lawmakers are trying to pass legislation this week to stop a no-deal Brexit — something that has increased in probability in recent months as Johnson has pledged to leave the EU "come what may" on October 31. Political commentators have speculated that Johnson could ask his lawmakers to vote for a snap election if opposit..

Britain prepares for showdown as opposition lawmakers try to stop no-deal Brexit

A pedestrian walks up a staircase on the southern bank of the River Thames with Houses of Parliament seen in the background in London on September 2, 2019.TOLGA AKMEN | AFP | Getty ImagesWestminster is poised for high drama over the coming days, with market participants likely to closely monitor the political ramifications of a parliamentary showdown. U.K. lawmakers return from a summer recess on Tuesday, with less than 60 days to go before the world's fifth-largest economy is scheduled to leave the European Union. It provides the first chance for rebel lawmakers to take steps to stop a so-called "no-deal" Brexit on October 31. "The overriding theme for the week will be the ongoing rift in the Conservative Party," Kallum Pickering, senior U.K. economist at Berenberg Bank, said in a research note. "Do not be surprised if the first steps towards a snap election are taken." What's going on?Prime Minister Boris Johnson has pledged to deliver Brexit on October 31 "do or die,..

There are 3 ways to stop No Deal and so far Parliament has not...

There are 3 ways to stop No Deal and so far Parliament has not used any of themOpen Europe's Stephen Booth discusses the latest Brexit developments with IGTV's Jeremy Naylor on 2 September. The post There are 3 ways to stop No Deal and so far Parliament has not used any of them appeared first on Open Europe.

The prorogation of the UK Parliament puts pressure on the EU

The prorogation of the UK Parliament puts pressure on the EUDiscussing Brexit on Euronews on 30 August, Open Europe's Pieter Cleppe argues that the decision to prorogue the UK Parliament puts pressure on the EU. The post The prorogation of the UK Parliament puts pressure on the EU appeared first on Open Europe.