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pound fell against the major currencies and the expectation of the Brexit

2019-09-10 12:59 pm | Resource: News | No Views : 53

pound fell against the major currencies and the expectation of the Brexit

Sterling fell against its major counterparts in the European session on Tuesday, as the stalemate continued to leave Britain from the European Union after Prime Minister Boris Johnson refused to seek to extend Britain's exit from the European Union even as legislation to delay Britain's exit from the European Union took effect on Monday. .

Carney: The Bank of England has tools to deal with the economic slowdown

Bank of England Governor Mark Carney said on Tuesday there was enough fiscal space to combat the economic slowdown. Speaking at the Council on Foreign Relations in New York, Carney said: "We do not see significant imbalances in economies that usually lead to a slowdown. Economies have financial space to deal with recession but they are not unlimited. We are approaching the global liquidity trap."

Moreover, the central bank governor explained that the "core" of the UK financial system is ready for Brexit, regardless of whether the country will exit the EU with or without a deal.

Johnson wants the Brexit deal

UK Prime Minister Boris Johnson has confirmed he wants a deal and is expected to speak to other European leaders in the coming weeks, spokesman James Slack said on Tuesday. Slack added that David Frost, the chief negotiator for Brexit, would travel to Brussels tomorrow and Friday to continue negotiations.

Johnson will also meet Federal Democratic Party leader Arlen Foster later today to discuss a "range of issues" that include withdrawal talks. Foster previously said earlier that Irish support in the Brexit deal would be unacceptable, but he hoped for a reasonable deal. Earlier, Labor Party leader Jeremy Corbyn said his party would campaign for a Brexit referendum in the next election, explaining that Johnson would not be allowed to dictate terms. .

Pound Trading
  • The pound pared gains to 1.2307 against the dollar, from a high of 1.2379
  • Against the yen sterling fell to 132.02 levels at the same time.
  • The pound fell to 1.2196 against the franc, after rising to 1.2281.
  •  The pound fell to 0.8974 against the euro. At 14:33 CET


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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