Brexit

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'Second referendum is not impossible'

Sterling v dollar trading
BBC
Sterling v dollar trading on Tuesday

Not very exciting but at least it is steady after Monday's fireworks.

The pound is trading at $1.2572 against the dollar.

Richard Turnill, global chief investment strategist at BlackRock, says: "The end game is nigh for Brexit. We see odds of a no-deal exit in March as low, but expect a bumpy road ahead. A second referendum is not impossible."

Businesses dreading 'messy and disorderly' Brexit

Today Programme

BBC Radio 4

Men working on a Mini
Getty Images

British businesses need a smooth Brexit to happen in March, according to Dr Adam Marshall, director general of the British Chambers of Commerce.

He warned that a chaotic exit from the European Union could have major repercussions in the long-term.

"We have an overwhelming drumbeat of opinion from businesses around the country that we have got to avoid a messy and disorderly exit from the EU," he tells the BBC's Today programme. "Not just for the short term but because the world is watching and that could affect investment for many years to come."

He added that the way Brexit would work in practical terms was still causing businesses headaches.

Dr Marshall said that they had only been given answers to two out of 24 "big questions" and added: "That isn’t a good record and when you have that level of uncertainty in business, you have real world consequences like investments being put off, recruitment delayed, worries around the level of sterling and you see cancelled projects and contracts.

"That is happening in the real world right now which leads so many businesses to great concern."

Commons stir as Labour MP picks up mace

Commons stir as Labour MP picks up mace
A Labour MP raised eyebrows in the Commons when he picked up the ceremonial mace after the postponement of the vote on Theresa May's Brexit deal.
Speaker John Bercow asked Labour MP Lloyd Russell-Moyle to leave the House after he picked up the ornamental staff, which represents the royal authority of Parliament.