Brexit: A Brexit deal appears to be taking shape - Telegraph

A Brexit deal appears to be taking shape according to an article in the Telegraph recently published. The article stated that sources on both sides of  |  14/10/2019 20:56
  • A Brexit deal could be taking shape following overnight negotiations. 
  • But even if a deal is agreed, there will then be the challenge of getting it through the UK Parliament - ANZ

A Brexit deal appears to be taking shape according to an article in the Daily Telegraph recently published - Sources in Brussels and London told the paper there was “cautious optimism. The article stated that sources on both sides of the Channel said a positive day of negotiations had yielded a potential solution to the Northern Irish border problem.

Sources in Brussels and London told The Daily Telegraph there was “cautious optimism” that a narrow path to a deal could now be appearing - a marked shift in tone from the downbeat assessment from the EU’s chief negotiator Michel Barnier on Sunday. 

With talks on a knife-edge, Boris Johnson cancelled Tuesday’s planned meeting of his Cabinet in order to avoid the potential for leaks that could derail the delicate talks. 

FX implications:

This follows a sour performance overnight in GBP as EU negotiator Michel Barnier said Johnson’s Irish border plan needed more detail and could undermine the single market. "A deal needs to be agreed before the EU Summit on Thursday, or Brexit must be delayed under British law. The Irish deputy PM re-iterated that a deal is possible but he did stress caution. But even if a deal is agreed, there will then be the challenge of getting it through the UK Parliament. A general election remains likely," analysts at ANZ Bank explained - GBP is likely to remain volatile. 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com