UK PM Johnson Speaks – Key Takeaways - Forex News by FX Leaders

UK PM Johnson Speaks – Key Takeaways

Posted Thursday, July 25, 2019 by
Arslan Butt • 1 min read

Well before we begin, I would like you to know that the speech comes as a surprise from the source. Event added to the calendar just 2 hours before release time. British Prime Minister was due to speak about the priorities of the government at the House of Commons, in London.

Key Takeaways:
In his speech, PM Johnson said:
I and all ministers are committed to leaving the EU On October 3.
I would prefer to leave the EU with a deal.
Existing Brexit deal is unacceptable to the UK Parliament.
Time limit on the backstop is not enough.
Backstop must be abolished to reach a deal.
I will work flat out to make a deal happen
The UK wants to negotiate new Brexit deal in good faith

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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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