Top Headlines

Fed Cuts Rate for Third Time This Year, Signals Pause – Wall Street Journal

The Federal Reserve cut interest rates for the third time this year but signalled it wouldn’t reduce them further unless the economy slowed sharply.

• Are the Fed’s Rate Cuts Helping? – Reuters
• Powell Will Need a Horror Show to Cut Again – Bloomberg

Top Headlines

UK Set for December 12 General Election – Daily Telegraph

Britain will go to the polls on Thursday, Dec 12 after MPs finally answered Boris Johnson’s call to end Parliament’s “stasis” at the fourth time of asking.

• General Election Will Get Brexit Done, says Johnson – The Times
• Will Johnson’s High Stakes Election Gamble Backfire? – Financial Times
• Sterling Jumps After Labour Backs Snap Election Vote – Financial Times

Top Headlines

Johnson Will Ditch Brexit Bill in Last Bid for Early General Election – The Times

Boris Johnson will make one last effort today to send Britain to the polls before Christmas but could be thwarted by a squabble over the exact election date.

• PM Ignores Senior Tory Doubts and Presses on With December Poll – Financial Times 
• Johnson Loses Bid for Early Election but Takes New Tack to Get One – Wall Street Journal
• UK Lawmakers Reject PM Johnson’s Early Election Bid – Reuters

EU Hopes to Endorse Brexit Delay to January 31 with Earlier Departure Possible – Reuters

The 27 European Union countries that will remain after Brexit hope to agree on Monday to delay Britain’s divorce until Jan.31 with an earlier departure possible should the factious UK parliament ratify their separation deal, sources said.

• Brexit Impasse Persists as Johnson Says UK Held Hostage

EU to Consider Brexit Extension as MPs Mull Election – BBC

EU ambassadors are to meet to discuss what length of Brexit extension to offer the UK, as MPs consider Boris Johnson’s call for an early election.

• Labour in Chaos Over Election Bid by Boris Johnson – The Times
• Johnson’s Election Bid Casts Doubt Over EU Brexit Delay – Bloomberg
• Brexit’s Catch 22: London Awaits EU Move as EU May Wait for UK – Bloomberg

EU Keeps Boris Johnson Waiting Over Length of Brexit Extension – Bloomberg

The European Union left Boris Johnson hanging on Wednesday night as officials in Brussels debated whether to grant him a third extension to the Brexit process.

• Johnson Poised for Election Call as EU Wrangles Over Brexit Extension – The Times

Frustrated Johnson Faces Brexit Delay – The Times

Boris Johnson is facing a Brexit delay of up to three months after MPs derailed his plan to rush a deal through the Commons.

• EU Moves Towards Brexit Delay as PM Johnson Seeks Election to Break Impasse – Reuters
• Pound Falls Against Dollar, Euro After Brexit Delay – Reuters

Canada’s Liberals Take Losses but Win Enough to Form Minority Government – CBC News

After a tight campaign that saw the two leading parties struggle to break out of the pack, the Liberals under Justin Trudeau have held on to just enough seats in Atlantic Canada, Quebec and Ontario to secure a minority government.

• Canada’s Trudeau Clings to Power, but Loses Some of his Lustre – Reuters
• Canadian Dollar Holds Near Three-Month High After Trudeau Election Win – Reuters

Johnson Wants to Pass Brexit Deal in a Week but EU is Poised for Delay – The Times

Boris Johnson believes that he “has the numbers” to ram his deal through the Commons by the end of the week, although the EU is preparing to delay Brexit until February if he fails.

• France Demands Prompt ‘Yes or No’ from Britain Amid Growing Calls for EU to Block Another Extension – Daily Telegraph
• Investors Braced for Sterling Volatility – Financial Times

Johnson Wants to Pass Brexit Deal in a Week but EU is Poised for Delay – The Times

Boris Johnson believes that he “has the numbers” to ram his deal through the Commons by the end of the week, although the EU is preparing to delay Brexit until February if he fails.

• France Demands Prompt ‘Yes or No’ from Britain Amid Growing Calls for EU to Block Another Extension –Daily Telegraph
• Investors Braced for Sterling Volatility – Financial Times