BREXIT, YEN, US DOLLAR, BRITISH POUND, FRANC, STOCKS - TALKING POINTS:Pound drops as UK Parliament delays vote on PM Johnson’s Br
BREXIT, YEN, US DOLLAR, BRITISH POUND, FRANC, STOCKS – TALKING POINTS:
- Pound drops as UK Parliament delays vote on PM Johnson’s Brexit deal
- Threat-off response from G10 FX sees Yen, Swiss Franc, US Dollar increased
- S&P 500 inventory futures trace general market sentiment could maintain up for now
The place will markets finish 2019? See our Q4 forecasts for currencies, commodities and stock indexes!
The anti-risk Japanese Yen and US Greenback rose whereas the British Pound plunged towards most main currencies after UK Prime Minister Boris Johnson didn’t safe the votes wanted to cross the Brexit deal he struck with the EU. Parliament opted to withhold a definitive decision on the proposal.
The sentiment-driven Australian Dollar weakened as worries about European political instability soured the market-wide temper on the Monday APAC buying and selling open. The Euro was additionally pressured whereas the Swiss Franc – a frequent regional haven of EU turmoil – dutifully rose.
Chart created with TradingView
UK GOVERNMENT TO PUSH FOR BREXIT VOTE, PREPARE FOR NO-DEAL OUTCOME
The way in which ahead seems clouded. Mr Johnson despatched the EU an unsigned request for an extension of the Brexit timetable together with one other letter arguing towards postponement. The latter appears to mirror the Prime Minister’s dogged intent to withdraw from the EU by October 31, it doesn’t matter what.
Johnson is…