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.
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Last updated: Monday, January 21, 2019
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
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
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.
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