- Prime Minister Johnson asks to prepare for a no-deal exit.
- The pound experiences a fall in the market after the announcement.
He Prime Minister of the United Kingdom Boris Johnson He stated that they should prepare for a no-deal exit from the European Union. He blamed EU officials, saying they have refused to negotiate seriously. He indicated that unless there is a fundamental change in the EU, “we are going to a no agreement.”
The British currency experienced a drop in the market, but not so significant. GBP / USD fell to 1.2860, marking a weekly low but quickly returned to the 1.2900 area. For its part, the EUR / GBP climbed to 0.9105 and then fell back to 0.9080.
Judging from the first movements in the market, traders seem to take the words of Boris Johnson more like a threat than an effective announcement that the negotiations are over.
Credits: Forex Street
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