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Pound Sterling rises as Brexit postponed on Wednesday

2019-09-05 01:07 pm | Resource: News | No Views : 105

ارتفاع الجنيه الاسترليني مع  تأجيل  خروج بريطانيا من الاتحاد الأوروبي

The pound rose against its major counterparts at the European session on Thursday, as UK lawmakers passed a bill to avoid a Brexit on Wednesday.

British lawmakers debate snap elections again on Monday

Prime Minister Boris Johnson's bid for early elections in mid-October will be discussed again on Monday, the House of Commons's official schedule showed on Thursday. The bill to delay Brexit until January 31 will also return to the House of Representatives on Monday after being passed by the House of Lords and before being sent to the Queen for signature.

The proposal for early elections on October 15 failed to obtain a simple majority yesterday evening, with 298 deputies voting in favor and 56 against. The demand is for at least 434 deputies, or two-thirds of all parliamentarians, to support early elections. Prime Minister Boris Johnson has summoned Labor Party leader Jeremy Corbyn for opposing early elections, saying it was "clear" that his main rival "does not believe he can win."

Boris Johnson's brother resigned as deputy minister

The brother of British Prime Minister Boris Johnson announced his resignation from his parliamentary and ministerial posts on Thursday.

In a tweet posted on his profile, Joe said it was an honor to represent his constituency Orpington and work under three prime ministers. He said he was "torn" between "family loyalty and national interest" in recent weeks and that tension "cannot be resolved." He concluded by saying that it was time for others to assume his role as deputies and minister of state in the Ministry of Business, Energy and Industrial Strategy and the Ministry of Education. He previously served as Minister of Universities and Science from 2015 to 2018.

Johnson's sudden departure comes after his brother lost two key votes in parliament on Wednesday. Lawmakers first adopted a bill requiring Johnson to secure a deal with the European Union before the country withdraws from the bloc. They then voted not to hold early elections on October 15 as Johnson initially requested.

GBP Trades
  • The pound rose to 0.8950 against the euro, its strongest level since July 26. The currency is likely to find resistance around 0.88.
  • The pound advanced to a five-week high of 1.2139 against the franc, from Wednesday's closing values ​​of 1.2016
  • The pound rose to 1.2347 levels against the dollar, from Wednesday's closing values ​​of 1.2252, respectively.
  • The currency rose to 131.59 against the yen for the first time since August 1.

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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