The Prime Minister of the United Kingdom Boris Johnson must respect every aspect of the Brexit agreements, former European Union chief negotiator Michel Barnier said on Tuesday. Johnson and prominent members of Britain’s ruling Conservative Party have publicly called for the abolition or radical revision of the Northern Ireland Protocol, which is part of agreements […]
Tag: Brexit
GBP/JPY recovers from one-week lows, back above 156.00 on Lavrov’s comments
GBP/JPY attracted some buying on Monday and recovered a significant part of its intraday losses. A change in risk sentiment undermined the safe haven JPY and extended some support. The lack of a strong follow-on buy warrants some caution for aggressive bullish traders. The crossing GBP/JPY It managed to rebound almost 100 pips from a […]
EUR/GBP clings to gains near 0.8375-80 region, lacks continued buying
EUR/GBP moves slightly higher on Monday and recoups some of the previous day’s losses. Tensions over the Northern Ireland Protocol in the Brexit deal weigh on the GBP. The absence of relevant data releases could cap gains ahead of ECB President Christine Lagarde’s comments. The EUR/GBP moves slightly higher at the start of the European […]
GBP/USD jumps to daily highs above 1.3550 ahead of US CPI.
GBP/USD moves firmly higher during the European session on Thursday and is supported by modest USD weakness. A positive risk sentiment turns out to be a key factor weighing on the safe haven US dollar. Brexit jitters and Fed hawkish expectations should cap the pair’s gains ahead of the US CPI release. The pair GBP/USD […]
Britain: Brexit has made trade more expensive, according to a parliamentary committee
Britain’s exit from the European Union has so far made trade much more expensive due to delays and bureaucracy, and there may be further border problems as passenger traffic recovers after the COVID pandemic, the Public Accounts Committee announced today. Proponents of her case have been working to make the actual transcript of this statement […]
DUP’s Donaldson Says UK Should Publish Timetable For Northern Ireland Protocol
Following his meeting with UK Foreign Secretary Liz Truss on Monday, Democratic Unionist Party (DUP) leader Sir Jeffrey Donaldson said that the UK government should outline a timetable on how and when changes will be made to the Northern Ireland Protocol. Featured Comments “He told the Foreign Secretary, the UK’s new chief negotiator with the […]
Britain: Over 60% believe Brexit went badly
More than 60% of UK voters believe Brexit has either gone badly or worse than expected. This is the result of an investigation by the newspaper “The Observer” a little less than a year after the withdrawal of Great Britain from the EU, according to a Spiegel article. A poll by the Opinium polling institute […]
GBP / USD struggles to find direction, stuck in a range around 1.3400
GBP / USD lacks any firm directional bias and moves between tepid gains and minor losses. The reversal of Omicron fears acted as a favorable wind for the British pound. Traders appeared reluctant to take aggressive bets amid tight end-of-year liquidity. The pair GBP/USD It retested daily highs in the last hour at 1.3414, although […]
Brexit: Exacerbating problems in British companies’ trade with the EU
The passage of time does little to alleviate the problems faced by UK companies in their trade relations with the European Union under the terms of the trade agreement reached between the two sides in the context of Brexit. This reveals a survey by the Association of British Chambers of Commerce in October, where 45% […]
EUR / GBP falls to four-week lows below 0.8450 amid strong pound
EUR / GBP fell for the third day in a row on Thursday. Lower fears for Omicron turned out to be a key factor behind the performance of the British pound. EUR / GBP extended the bearish rally in Thursday’s European session and tumbled to a four-week low, below 0.8450 in the last hour. The […]
