Market Updates: Theresa May Tries to Break Brexit Deadlock with EU - Forex News by FX Leaders

Market Updates: Theresa May Tries to Break Brexit Deadlock with EU

Posted Monday, January 21, 2019 by
Arslan Butt • 1 min read

Sterling takes a bullish turn after gaining support around 1.2840. It turns out that the British Prime Minister Theresa May is trying to break the Brexit deadlock by introducing proposals in the Parliament.

Following her Brexit split agreement which was rejected by lawmakers last week, May has been seeking a way to get a deal through Parliament, with no success so far.

Investors are expecting Theresa May to set out plans to axe the Irish backstop from her Brexit deal with the EU. Until the executable plan is defined, the British Pound is likely to remain vulnerable.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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