BoJo's Cabinet is All Set to Leave on October 31 - Forex News by Strategia Forex

BoJo’s Cabinet is All Set to Leave on October 31

Posted Monday, September 30, 2019 by
Skerdian Meta • 1 min read

Boris Johnson took power with one thing in mind, delivering on Brexit and pulling the UK out of the EU on October 31. He’s doing all he can to reach his goal and satisfy Brexit voters, while the opposition is doing everything they can to postpone Brexit again and avoid a no-deal scenario.

They have made it illegal to leave the EU without a deal after luring some Tory rebels with their plan, but Johnson’s cabinet seems confident that the exit will take place on the scheduled date, a month from now exactly. Finance minister Sajid Javid made some comments on Reuters a while ago this morning and his speech points to Brexit on October 31:

  • Hopefully we will leave the EU with a deal
  • Benn act makes things more difficult
  • Our policy is unchanged, we leave on October 31
  • Javid is not going to set out our strategy for UK leaving the on October 31 without a deal
  • Won’t be asking for an extension

On the other hand, UK opposition leaders will be meeting today in order to try and force PM Johnson to ask for a Brexit extension as early as this weekend by changing the law to bring forward the date when the PM legally has to ask Brussels for an extension. So, the political tensions keep increasing in the UK and to be honest, no one knows for sure how this will all end up.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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