October 31 is the Last Day in EU for BoJo - Forex News by Strategia Forex
Let's hope the EU approves of Johnson Brexit plan

October 31 is the Last Day in EU for BoJo

Posted Wednesday, October 2, 2019 by
Skerdian Meta • 2 min read

The Brexit rhetoric has picked up pace once again. Not that it ever stopped, but our ears had some peace for some time. Now that we approach the Brexit deadline, the comments keep coming non-stop.

Yesterday we heard Johnson’s spokesperson suggest that the UK government has a plan. Earlier today, we heard the EU say that they are not satisfied with the plan. Now, Boris Johnson is speaking at the Conservative party conference. Here are some of his remarks:

  • UK is coming out of EU on Oct 31, come what may
  • Parliament refuses to deliver Brexit, do anything constructive or have an election
  • We will work for a deal with our EU friends
  • Things have not been made easier by the ‘surrender Bill’ (Benn act)
  • A second referendum on the EU?
  • People are starting to suspect that there are forces in this country that simply won’t deliver Brexit
  • If they turn out to be right it will have grave consequences for trust in democracy
  • We will respect the peace process and Good Friday agreement
  • We will compromise and allow the UK – whole and entire – to withdraw from the EU, with control of our own trade policy from the start
  • Let us be in no doubt that the alternative is a ‘no-deal’
  • Not an outcome we ‘seek’ , but one for which we are ready
  • Delivering Brexit will address those that feel ignored and left behind.
  • Johnson’s mother voted to leave!

The main take here is that the UK will be out of the EU on October 31. But, the comment about a second referendum on the EU seems odd. Is this real?

The GBP is around 70 pips off the lows today, which means it has some flesh to chew on. Anyway, Boris Johnson’s mother has also voted to leave, so everything should be alright, right?

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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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