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Pound is falling against the major currencies due to Brexit pressure

2019-08-19 01:05 pm | Resource: News | No Views : 51

  Pound is falling against the major currencies due to Brexit pressure

Sterling fell against major currencies under pressure from exit reports amid several statements from the European Union, British Prime Minister Johnson and Bank of England Governor Mark Carney.

EU: UK is the biggest loser in Brexit

 The United Kingdom will be the biggest loser if it leaves the European Union without an agreement, European Commission spokeswoman Natasha Bertude said on Monday. Speaking to reporters in Brussels, Bertude said: "The EU is ready for all possibilities, and Brexit is never the preferred scenario." "The EU sees no need for further measures to prepare for Brexit."

UK Prime Minister Boris Johnson insists he will leave his country from the EU on October 31, with or without a deal, but opposition leader Jeremy Corbyn said earlier today that he was ready to do everything to stop any exit deal.

Carney: Negative interest rates are not an option for the UK right now

Bank of England Governor Mark Carney said he does not believe negative interest rates are an option for the UK economy at the moment. He explained, "Carney" - in statements to "Central Banking" - that he does not criticize others who have used the policy of negative interest, but does not see it as a possible option now. He called on France and Germany to take the necessary measures to ensure that derivative contracts work smoothly after Brexit is due to take place on October 31.

 Johnson: I'm sure we'll be ready on October 31st

British Prime Minister Boris Johnson said on Monday he was confident the country would be ready to leave the European Union on October 31. His comments came at the end of the week as leaked government documents revealed the impact of Brexit on a possible deal on the UK. Lack of fuel, food, medicine, solid borders with Ireland and other important problems.

"I think we can definitely get ready. As I said in Downing Street, there may be obstacles in the way. But we will be ready to go out on October 31," he said. At the same time, Johnson said he hoped French President Emmanuel Macron and German Chancellor Angela Merkel were ready to make concessions before his meeting with the two leaders this week. Labor leader Jeremy Corbyn called for a no-confidence vote on the government.

Pound Trading
 
  • The pound fell to 1.21136 against the dollar, from a high of 1.2171.
  • The pound fell to a weekly low of 129.13 against the yen.
  • Sterling fell to 1.1880 against the franc. .
  • The British currency fell against the Euro by 39% to trade at 0.9166


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