Asia Pacific Market Open Speaking Factors
Asia Pacific Market Open Speaking Factors
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British Pound Drops as No-Deal Brexit Woes Resurface
The British Pound is falling in early Tuesday commerce as the fact of what final week’s UK normal election means for Brexit sinks in. On the one hand, the comfy Conservative majority makes for pushing via Prime Minister Boris Johnson’s withdrawal settlement comparatively simpler. However, a key marketing campaign promise of his was rejecting an extension of the transition interval past the December 31, 2020 deadline.
Stories crossed the wires that Mr Johnson would suggest a legislation legally blocking the flexibility to increase the transition interval deadline. That implies that as soon as the EU-UK withdrawal settlement is probably going accepted in Parliament by January 31, the troublesome street forward for in depth commerce talks might have a restricted period of time to be debated. In different phrases, it might elevate the prospect of a no-deal Brexit and weaken GBP as expected.
The haven-linked US Greenback is…