Brexit’s soap opera doesn’t get boring and with a deadline of 2 months, today a giant step has been taken to make it happen without any agreement between the UK and the EU. It was Boris Johnson’s policy that by calling for the suspension of the UK Parliament between 11 September and 13 October, he withdrew enough leeway for moves that were planning measures to limit the new prime minister’s ability to continue. with your plan of an exit, with or without agreement.
Whether the initiative will be a checkmate against those against Brexit is something that only the next few weeks will be able to clarify, but it is certain that uncertainty about the outcome of this process has increased again, sinking the value of the British Pound by about – 0.6% against the US dollar to $ 1.2216. It will be important to gauge the reaction of the market towards Germany, as it is now known that the main cause for the contraction of the German economy in the second quarter was the 15% drop in exports from the largest European economy to the United Kingdom.
Marco Silva is a Financial Market Specialist with 20 years of experience, with transactions in 12 different countries, involving numerous financial instruments, Specialist in Technical Analysis, Capital Manager, Investment Advisor, Financial Hedging Operations and Algorithm trading developer. Economic Commentator TV and RTP Information for the Financial Markets, Responsible for the Department of Economy / Markets of TVL.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.