GBP/USD & EUR/GBP PRICE ANALYSIS: BREXIT LATEST PUSHES BRITISH POUND ABOVE 1.3000The Pound Sterling extends its current rally
GBP/USD & EUR/GBP PRICE ANALYSIS: BREXIT LATEST PUSHES BRITISH POUND ABOVE 1.3000
- The Pound Sterling extends its current rally with spot GBP/USD briefly topping the 1.3000 deal with and spot EUR/GBP holding beneath 0.8600 after UK Parliament rejected Boris Johnson’s Brexit deal over the weekend
- British MPs will try so as to add amendments to the Prime Minister’s Brexit Withdrawal Settlement since Home of Commons Speaker John Bercow blocked a second Brexit deal vote
- Take a look at this Brexit Timeline for perception on how Brexit negotiations have impacted the monetary markets
GBP/USD eclipsed the 1.3000 worth stage momentarily this morning because the fading danger of no-deal Brexit continues to bolster the cable. Equally, positive aspects within the British Pound has pushed spot EUR/GBP costs again beneath the 0.8600 deal with. The latest extension to the Sterling’s sustained advance seemingly comes regardless of ongoing Brexit confusion following this weekend’s canceled vote on the newest Brexit Withdrawal Settlement, which compelled PM Boris Johnson to formally request an extension to the October 31 Brexit deadline.
UK HOUSE OF COMMONS SPEAKER JOHN BERCOW BLOCKS PARLIAMENT VOTE ON PM BORIS JOHNON’S BREXIT DEAL
Paralleling when the Home of Commons was gridlocked over prior UK Prime Minister Theresa May’s Withdrawal Agreement, Speaker John Bercow is as soon as…