Boris Johnson stats that UK is coming out on 31st Oct and US/UK making tracks towards a trade deal

  • The recent Brexit headlines are two way for the Pound.
  • "We are going to restore trust in our democracy and come out of the EU on October 31st" - Boris Johnson.

UK PM Johnson has said that he will restore trust in the UK's democracy and come out of the EU on October 31st. This statement was very quickly followed by additional Brexit related headlines which is giving off mixed signals for sterling traders. 

"We are going to restore trust in our democracy and come out of the EU on October 31st!"

Boris Johnson said. 

Additional Brexit headlines:

  • Senior Trump Admin. Official: US, Britain discussing partial trade agreement that could take effect on Nov. 1 - RTRS.
  • White Houses' Bolton, UK Trade Sec. Truss discussed the possibility of US Pres. Trump, UK PM Johnson signing road map declaration toward trade deal at G7 summit - RTRS.
  • Moody’s: Brexit is Ireland’s largest external threat to growth.
  • US’ Bolton, UK Chancellor Javid discussed the possibility of a temporary trade agreement that covered everything - RTRS.

FX implications:

Ther is nothing here concrete enough to give Sterling direction one way or the other. Hard Brexit statements such as this such would tend to weigh on the pound, will trade solutions for the UK and US is very positive and should support the pound. 

Moody's on USTR: Relations between the US & China to remain "contentious", "punctuated," "occasional steps" towards compromise

The US Trade Representative (USTR) Lighthizer's office in a published statement today announced that additional tariffs on some Chinese imports, inclu
อ่านเพิ่มเติม Previous

Italian politics filtering their way through to a downtrodden EZ economically flawed EUR/USD

The situation in Italy is that the nation's political groups have been failing to reach agreement on when to hold a vote of no confidence, amid a gove
อ่านเพิ่มเติม Next