An Empire Self-Destructs
Authored by Jeff Thomas via InternationalMan.com,
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United Kingdom
"Awful Lot Of Progress" Made On First Day Of Brexit Talk As EU, UK Agree On Priorities, Timetable
The first day of official Brexit talks is over, and according to statements it appears to have been a useful session, even though the real work is only just starting. The highlights from Reuters:
Global Stocks Jump, Dow Futs At New All Time Highs As Brexit Talks Begin
S&P futures rose 0.3% in subdued trading with Dow Jones futs once again in record territory as European stocks jump 0.6% following Sunday's landslide victory for Macron's party in the French parliamentary elections and as Brexit negotiations are set to officially roll out on Monday.
What Happens When Things Can’t Get Any Worse?
By Chris at www.CapitalistExploits.at
Time is short so let me present to you one chart... to get you thinking in the right direction.
EUR/GBP
Ok, I lied. Two charts...
GBP/USD
Pound pounded. Whyfore?
Not one thing but many....
Brexit
Conservatives Prepare "Secret Plot" To Oust UK's May If She Backs Off "Hard Brexit"
The walls are closing in on UK's embattled prime minister Theresa May, who after the disastrous outcome in the general election, and following a torrid week in which she faced fierce criticism for her handling of the Grenfell Tower catastrophe, in which 58 people are now presumed dead, is reportedly facing what the Telegraph calls a "secret plot" - well, not so secret any more - involving a "stalking horse" challenge to remove her as prime minister if she caves to Labour demands, and waters down the "Hard Brexit."