Market Updates: Theresa May Tries to Break Brexit Deadlock with EU
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.
Arslan Butt•Monday, January 21, 2019•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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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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