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pound jumps to a 6-week high after Boris Johnson's remarks

2019-09-09 11:41 am | Resource: News | No Views : 76

 pound jumps to a 6-week high after Boris Johnson's remarks

The pound regained its losses on Monday since late July after Prime Minister Boris Johnson confirmed that he believed a withdrawal agreement with the European Union could be reached by October 18. Meanwhile, he urged to abandon the Irish lawsuit, a proposal considered unacceptable by his Irish counterpart, Leo Faradkar.

Later in the day, lawmakers in London were due to confirm a bill to delay Brexit and vote again on possible early elections next month. Investors also digested new data on UK GDP, trade balance and industrial production.

The British Parliament will be suspended tonight

A spokesman for the government confirmed on Monday that the UK parliament will be suspended tonight, after the House of Commons ends its activities for the day, and jurisdiction will continue until October 14. Downing Street also urged lawmakers to vote later in the day to propose early elections on October 15, which was already rejected last week because it needed a two-thirds majority. Parliamentarians are also due to confirm a bill to delay the Brexit, which was passed last week and sent to the Queen for signature.

Johnson: The UK will never search the Irish border

British Prime Minister Boris Johnson reiterated on Monday that his country "must" leave the European Union on October 31 or it would be "permanently damaged" by its democratic system.

Johnson also stressed that the UK "will never" conduct inspections on the border with Ireland, which remains the point of disagreement with Brussels included in the deal negotiated by his predecessor Theresa May. "We need to make sure that the UK is not closed within the EU through support," he said, adding that Ireland must be given the necessary guarantees regarding freedom of movement on the island, as stipulated in the Good Friday Agreement. From 1998.

Johnson confirmed that he really believes it is possible to find a solution to the Irish border problem to buy the 18th of October and revealed that his government has an "abundance" of proposals.
  • At 11:43 CET, the pound rose 0.53% against the dollar, buying $ 1.23549, the highest level since July 29.
  • The British currency jumped 0.77% compared to the Swiss franc at 11:45 CET, trading at 1.22245.
  • The yen rose 0.62%, at 132.17250 yen at 11:47 CET.
  • The Pound rose 0.39% against the Euro at the same time, with the GBP trading at 1.11868 EUR.


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