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brexit

LEAVING THE EUROPEAN UNION
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When one door closes, another door opens
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Brexit: the Great Impact

2016: Soon after the referendum results announcement, FTSE100 has returned to update its historical highs.

2017: FTSE100 followed overall growth trend. National economy gained momentum which helped index to grow, despite GBP recovery.

2018: GBP and FTSE100 were simultaneously in decline. Fears of Britain leaving the EU without an agreement created risks of a fundamental change in business conditions for national companies. So, FTSE 100 has lost about 15% from its local highs by the end of the year, due to fears of a no-deal “hard Brexit”.

2019: Boris Johnson returns to power with the big majority after the UK General Election. So, Tories get 364 MPs. GBPUSD consolidates this massive win-led surge to the 19-month high, above mid-1.3400s.

eurgbp.png

Brexit: the Great Impact

2016: Soon after the referendum results announcement, FTSE100 has returned to update its historical highs.

2017: FTSE100 followed overall growth trend. National economy gained momentum which helped index to grow, despite GBP recovery.

2018: GBP and FTSE100 were simultaneously in decline. Fears of Britain leaving the EU without an agreement created risks of a fundamental change in business conditions for national companies. So, FTSE 100 has lost about 15% from its local highs by the end of the year, due to fears of a no-deal “hard Brexit”.

2019: Boris Johnson returns to power with the big majority after the UK General Election. So, Tories get 364 MPs. GBPUSD consolidates this massive win-led surge to the 19-month high, above mid-1.3400s.

ftse100.png

Brexit: the Great Impact

2016: Soon after the referendum results announcement, FTSE100 has returned to update its historical highs.

2017: FTSE100 followed overall growth trend. National economy gained momentum which helped index to grow, despite GBP recovery.

2018: GBP and FTSE100 were simultaneously in decline. Fears of Britain leaving the EU without an agreement created risks of a fundamental change in business conditions for national companies. So, FTSE 100 has lost about 15% from its local highs by the end of the year, due to fears of a no-deal “hard Brexit”.

2019: Boris Johnson returns to power with the big majority after the UK General Election. So, Tories get 364 MPs. GBPUSD consolidates this massive win-led surge to the 19-month high, above mid-1.3400s.

News Feed

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13.12.2019
UK General Election results: Boris Johnson returns to power

Boris Johnson will return to Downing Street with a big majority after the Conservatives swept aside Labour in its traditional heartlands. The prime minister said it would give him a mandate to take the UK out of the EU next month.

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12.12.2019
How sterling might trade on the UK’s pivotal election night

Sterling slid on Wednesday morning as some caution returned to a currency market which had largely priced in a clear Conservative victory.

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29.11.2019
Johnson says will keep no-deal Brexit preparations in place

'Many of those preparations will be extremely valuable as we come out of EU arrangements anyway. So I think that they were a right thing to have done and to keep in a state of readiness,' he told reporters.

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28.11.2019
Pound, bookies react to poll projecting Conservative election win

The chances of a Conservative Party majority after next month’s UK election hit their highest of the campaign on Thursday and lifted sterling in tandem after a closely watched polling model indicated the party could win its biggest majority since 1987.

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20.11.2019
Election debate: Johnson and Corbyn clash over Brexit

A snap YouGov poll suggested the public were evenly split on who had won the debate, 'with most Labour voters thinking Jeremy Corbyn won, most Conservative voters thinking Boris Johnson won'.

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07.11.2019
Sterling falls after Bank of England split on interest rate cut

Two BoE's polycymakers said their vote for an interest rate cut was driven by reduced job vacancies and downside risks from the global economy and Brexit.

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23.10.2019
The UK House of Commons gives preliminary approval of the Brexit bill but refused to pass it within three days

Brexit has returned to its normal state: the exit date postponed again, and all scenarios are still possible, although the chances of an exit without a deal are now negligible.

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22.10.2019
Market Sentiment Hinging On Progress In Brexit And U.S.-China Trade Deal

The British parliament will vote on the Brexit agreement today at 18:00 GMT. In theory, this should be a simple vote, with a definite “yes” or “no” answers. The UK parliamentarians have to report whether they support the Agreement principles approved by the 27 EU leaders.

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21.10.2019
What’s ahead: more Brexit votes, pound volatility or fully uncertainty?

Prime Minister Boris Johnson, as required by law, wrote a letter asking the EU to consider the possibility of rescheduling the deadline for leaving the EU again. The “Meaningful vote” for the Deal is scheduled for Monday.

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18.10.2019
Pound after Brexit: where to go

British Prime Minister Boris Johnson and European Union leaders agreed a new deal for Britain to exit the bloc. The possible deal news was the main contributor behind the strengthening of the British Pound against the dollar by more than 6% over the week close to 1.30

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16.10.2019
Sterling sees wild swings as Brexit talks enter final hours

The British pound has seen a wild day of trading amid reports of progress and obstacles during a last day of Brexit talks between the U.K. and EU.

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16.10.2019
Brexit talks enter final day before crucial EU summit

Negotiating teams from the U.K. and EU are entering their final day of Brexit talks Wednesday with hopes that a deal can be reached before a crucial EU summit.

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15.10.2019
Guessing the Brexit door

This week will be critical for the British currency, which may result in increased volatility of sterling both downwards and upwards.

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11.10.2019
Optimistic trade and Brexit comments pushed GBP up 2% and increase demand for risks

GBPUSD recovers to a two-week high after Irish Prime Minister Leo Varadkar’s comments on the possible Brexit deal “in the coming weeks” after a meeting with British Prime Minister Boris Johnson.

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08.10.2019
FTSE 100 Sweats as UK Faces £92 Billion Brexit Recession Bomb

The FTSE 100 was on a knife-edge on Tuesday morning, swinging in and out of the red in the first hour of trading.

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07.10.2019
For post-Brexit Britain, the kindness of strangers and their money will be more vital than ever

Prime Minister Boris Johnson has amped up his rhetoric that the U.K. will leave the European Union at the end of this month — even if the two sides can’t agree on the terms of its departure or their future trading relationship

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27.09.2019
Sterling slips after BOE policymaker says Brexit uncertainty could mean a rate cut

Speaking to local businesses in Northern England, Bank of England policymaker Michael Saunders said the U.K. could be looking at an interest rate cut if uncertainty around Brexit continues to persist.

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20.09.2019
GBPUSD may exceed 1.31 by the end of the year

GBPUSD added about 5% to the lows in early September. As well as in 2016, drop to 1.20 increases impressive support from the pound buyers.

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20.09.2019
British Pound jumps after EU’s Juncker is optimistic about a Brexit deal

The British pound jumped on Thursday after European Commission President Jean-Claude Juncker said he is confident a Brexit deal will get passed before the deadline. “I think we can have a deal,” Juncker said in an interview with Sky News.

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13.09.2019
Sterling could rally to $1.50 if Boris Johnson secures a Brexit deal, strategist says

Speaking on CNBC’s “Squawk Box Europe” on Thursday, Hans Redeker, global head of FX strategy at Morgan Stanley, said the British currency could be heavily influenced by the outcome of next month’s European council meeting.

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09.09.2019
Sterling shrugs as UK leader Johnson suspends Parliament for 5 weeks

UK Prime Minister Boris Johnson’s office has confirmed the British Parliament will be suspended for the next five weeks starting Monday.

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06.09.2019
Johnson’s “Dead End”

On Friday, the pound fluctuates around the maximum for 6 weeks, at $1.2353. Investors’ sentiment has improved, and the degree of unrest around Britain’s likely exit from the EU without a trade deal has clearly declined.

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05.09.2019
Pound Sterling Exchange Rates Lifted As PM Johnson Faces String Of Defeats

Another day of frenzied politicking saw Prime Minister Boris Johnson suffer a series of defeats in the House of Commons, potentially derailing his Brexit plans and opening the door to yet another Brexit delay and also the possibility of early elections

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03.09.2019
What Pound and Euro Drop Amid Stock Rise Tells Us About?

The British pound returned to the area of 34-year lows at 1.2030, declining for the fifth trading session in a row, following the latest wave of no-deal Brexit fears.

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03.09.2019
Sterling falls below $1.20, hitting its lowest level since October 2016 flash crash

Sterling fell below $1.20 on Tuesday morning, reaching levels not seen since October 2016 as Britain’s constitutional crisis over Brexit threatens to come to a head. At around 8:00 a.m. on Tuesday, sterling was trading as low as $1.968

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29.08.2019
Queen approves Boris Johnson’s plan to suspend parliament, making a no-deal Brexit more likely

U.K. Prime Minister Boris Johnson has scheduled the formal reopening of parliament for October 14 — a highly-controversial move that would restrict parliamentary time before the Brexit deadline

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28.08.2019
Sterling falls on report that UK government will try to suspend parliament to force no-deal Brexit

Sterling fell 1% against the dollar Wednesday morning after a report said that U.K. Prime Minister Boris Johnson will ask the queen to suspend parliament

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23.08.2019
A quick US trade deal won’t help Britain avoid Brexit damage, economists say

A possible trade deal with the U.S. will do little to mitigate the impact of Britain leaving the EU without a deal in place, economists have told CNBC

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21.08.2019
A no-deal Brexit could unleash a flood of fake goods in the UK, retail expert says

Michelle Whelan, chief executive of retail marketing agency Geometry U.K., told CNBC that if Britain exits the EU without a deal, the price of some legitimate products may rise by more than 10% due to scarcity

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01.08.2019
GBPUSD came close to 1.2100 before the Bank of England decision

Sterling fell close to the lows, which was only briefly reached only after the Brexit referendum in 2016

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30.07.2019
Pound plunge: Who are the winners and losers?

The pound is trading at levels not seen since early 2017. But who is feeling the effects worst and who is benefiting?

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30.07.2019
The pound collapsed to historically low levels

The British pound was sold out on growing fears of a potential ‘no deal’ Brexit. GBPUSD declined by 2% to 1.2130

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29.07.2019
GBPUSD slipped below 1.24 at the end of the week, breaking 28-month lows

Negative scenarios of exit from the EU without a deal are again put in the GBP price, as the new Prime Minister Johnson intends to leave “no ifs or buts” on October 31

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25.07.2019
Is Boris Johnson really Britain’s answer to Donald Trump?

Comparing Donald Trump and Boris Johnson, the U.K.’s next prime minister

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23.07.2019
Back in the game: Brexit news excites pound again

Johnson – an ardent eurosceptic – takes the post of PM and continues to not rule out leaving the EU without a deal

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18.07.2019
What Brexit could mean for the US economy

U.S. Economist Andrew Hunter believes that the U.S. really doesn’t have that much to gain – or lose – from a disorderly Brexit, or even a trade deal, given that U.S. exports only account for 0.7% of U.S. GDP

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16.07.2019
Markets are waiting for the results of trade wars and Brexit

The prospects of Boris Johnson – one of the most consistent supporters of a hard Brexit – becoming UK prime minister, took away about 0.5% from the pound

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10.07.2019
Pound took a chance for recover after strong GDP data

Unexpectedly strong data led to a stop in the sale-off of British currency, which since the beginning of the month lost more than 2%

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04.07.2019
Leading Forecaster Expects Pound to Climb 6% By End of 2019

One of the pound’s most accurate forecasters is predicting the currency will rebound on expectations that Britain will miss the latest deadline for leaving the European Union

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11.06.2019
GBPUSD lost 0.6% as Harper said he wants a new deal with EU

On Monday, the British pound was again under pressure due to the uncertainty around Brexit

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04.06.2019
Trump says Brexit should happen and the US-UK can do a ‘phenomenal’ trade deal

“As the U.K. makes preparations to exit the European Union, the United States is committed to a phenomenal trade deal between the U.S. and the U.K.,” Trump said at a joint press conference with U.K. Prime Minister Theresa May.

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24.05.2019
Theresa May resigns as UK prime minister amid Brexit crisis

British Prime Minister Theresa May unveiled a timetable for her departure as leader on Friday morning, drawing her turbulent three-year premiership to an abrupt end.

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23.05.2019
Pound Investors Are Bailing Out With Brexit Chaos Back on the Radar

The pound is on a record losing streak and there aren’t many investors ready to stand in the way of further losses.

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16.05.2019
GBPUSD declines for 9th trading session in a row, declined by 2.6%

The chronic inability of UK politicians to agree on Brexit conditions form downward pressure on the pair

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09.05.2019
The British pound offset all its growth

The British pound offset all its growth gained at the end of last week after hopes of a May deal with Labour’s leader faded

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15.04.2019
The financial sector runs away from London because of Brexit

Job vacancies in London’s finance industry have halved in two years as uncertainty over Brexit knocks business confidence

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11.04.2019
EURUSD and GBPUSD cling to their levels

EU countries provided Britain with a six-month postponement of exit with the possibility of further shifting this date

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11.04.2019
Brexit postponed until the end of October

Brexit is on course to be delayed until the end of October under a plan to avoid a chaotic no-deal split, risking six more months of political uncertainty over Britain’s ties to the European Union

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09.04.2019
IMF Cuts Global Growth Outlook to Lowest Pace Since Crisis

The IMF cut its outlook for U.K. growth to 1.2 percent this year, down 0.3 point from three months ago

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09.04.2019
GBPUSD found support on a downturn below 1.3000 and was able to hold

Despite the growing uncertainty around Brexit, GBPUSD found support on a downturn below 1.3000

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05.04.2019
May asked for Brexit delay until June 30

Prime Minister Theresa May has written to European Council President Donald Tusk to request a delay to the U.K.’s departure from the bloc until June 30

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04.04.2019
Brexit without a deal can be blocked

Britain took a decisive step away from a damaging no-deal Brexit as members of Parliament and political leaders backed efforts to prevent a disorderly departure from the European Union

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03.04.2019
May said she will ask the EU to postpone the Brexit to April 12th

The British pound pushed off from the 1.30 against the dollar after May’s comments that she will ask the EU to postpone the Brexit date further

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02.04.2019
Dead end Brexit: Parliament can not choose any option in principle

After a tumultuous week in which May’s divorce strategy was rejected by lawmakers for a third time, despite her offer to quit if it passed, the future direction of Brexit remains mired in confusion.

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01.04.2019
The price of populism: Brexit cost Britain $ 785 million per week

Goldman Sachs on Monday estimated Britain's economy has lost nearly 2.5 percent of GDP relative to its growth path prior to the mid-2016 referendum

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01.04.2019
GBPUSD fell on Friday from 1.3130 to 1.2980 after the latest news about Brexit

The probability of a chaotic Britain exit from the EU on April 12 increased after another refusal of the British Parliament to support the existing deal

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30.03.2019
Chaotic Brexit is again on the agenda, because May suffered another defeat

Lawmakers rejected Prime Minister Theresa May’s Brexit deal for a third time on Friday, sounding its probable death knell and leaving Britain’s withdrawal from the European Union in turmoil on the very day it was supposed to quit the bloc

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29.03.2019
British economy loses £800 mln. per week due to Brexit

Bank of England estimates that nearly 800 million pounds per week have been shed from the economy every week since the decision passed in 2016

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27.03.2019
GBP inspired that the fate of Brexit is now in the Parliament’s hands

Investors view this situation in terms of the emergence of possible new alternatives to the current exit plan. In particular, it is possible that we will see new polls related to a softer exit, a longer postponement, or even a new referendum.

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15.03.2019
GBP correct its growth despite Brexit delay

The pound is on the move to give away some recent gains, potentially heading to 1.3050 area to USD

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12.03.2019
New Brexit Vote: Second Referendum or No-deal

On Tuesday, March 12, the British Parliament will hold a second vote on the adoption of the Brexit plan, agreed with the EU. The January 15 vote ended in a resounding failure, considered the worst in the last century.

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01.03.2019
Theresa May set out a plan to extend Article 50

UK Prime Minister Theresa May has laid out plans for a possible extension to Article 50 to avoid the UK leaving the European Union at the end of March without a deal. Such an extension would first require MPs to vote to reject both the prime minister’s current deal and a no-deal scenario.

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27.02.2019
GBP pulled out of the range on the Brexit postponing rumors

The pound jumped on the news that May intends to offer the cabinet to consider Brexit postponing if there is no deal with the EU. Markets always positively respond to news aligned with possible delays.

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20.02.2019
Is Pound growth a bluff?

Yesterday the British pound crossed the threshold 1.30 after a sharp jump by more than 1.2%, continue its growth since Friday.

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19.02.2019
MarketWatch: Employment in Britain at a record high despite fears around Brexit

The U.K. economy continued to add jobs in the final months of 2018, in spite of persistent jitters over the country’s exit from the European Union.

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14.02.2019
Brexit washes away British economy growth

Britain’s economy slowed last year to its weakest growth rate since the global financial crisis as mounting uncertainty over Brexit weighed on businesses and kept a lid on their investments

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13.02.2019
The UK economy weakness hurts the pound. Again

Recent inflation data in the UK put pressure on the pound. GBPUSD has turned to decline from 1.29 after the release of disappointing inflation data for January.

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12.02.2019
Brexit harms the British economy

Brexit uncertainty dragged U.K. investment to its worst slump since the financial crash a decade ago, leaving the economy with barely any momentum.

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04.02.2019
Brexit uncertainty weighted on UK Construction

The uncertainty surrounding Brexit and the possibility of exit without a deal is resulting in a decline in British building activity.

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30.01.2019
‘Brexit means Brexit’. Still

Another dramatic evening last night, as the UK Parliament votes down amendments to the draft Brexit agreement that could have potentially paved the way to an extension and a second referendum.

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23.01.2019
Brexit tensions are far from over

Pound is strengthening for the second day in a row as Parliament is trying to persuade the Government to postpone the Brexit date past March 29th to take no-deal off the table.

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22.01.2019
Second Brexit referendum idea is backed by opposition leader

British Prime Minister Theresa May said on Monday, that the government is working on proposals to seek further concessions from the European Union.

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15.01.2019
Theresa May could face the hardest defeat in 95 years in a Brexit vote

Prime Minister Theresa May is set to see her Brexit deal rejected in the biggest Parliamentary defeat for a British government in 95 years...

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11.12.2018
Is there any exit from Brexit?

“The final vote on Brexit will take place on Tuesday in the Houses of Parliament.” We were sure of that yesterday. But something didn’t go according to plan...

TIMELINE

Our BREXIT key facts timeline will help you to get a first look at how and why the U.K. decided to leave the EU and how the last two years have unraveled.