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Will There Be an Orderly Brexit? – 13 March 2019
The British House of Commons will be voting again about a no deal Brexit after they rejected the agreement that the premier Theresa May and the European Union reached.
The British House of Commons will be voting again about a no deal Brexit after they rejected the agreement that the premier Theresa May and the European Union reached.
The Pound Sterling gained positive momentum after Tuesday’s Parliamentary defeat of the Prime Minister’s latest Brexit-related proposal.
Gold prices were trading near two-week peaks on Wednesday after the British Parliament voted to reject Prime Minister Theresa May’s Brexit proposal.
The US Dollar and Japanese Yen both fell during Tuesday trading on news of a Brexit negotiation breakthrough which led to FX traders ditching the “safe haven” currencies in favor of higher risk assets.
Jean-Claude Juncker, the European Commission president, said on Monday that the last “legally binding” changes made to the Brexit deal is sealed and won’t reopen the terms of the exit, giving this the last chance the British will have to leave the European Union in an orderly fashion.
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A decision by the European Commission to agree to changes in the Brexit deal have pushed Asian shares higher.
The Pound Sterling moved lower on a media report which said that Theresa May may change tomorrow’s critical Parliamentary Brexit vote.
This week is likely to see an active market, with crucial U.S. and British economic data releases due as well as central bank input from the Bank of Japan. The British Parliament will be voting on the Brexit deal.
Chinese February trade data released on Friday showed worse than expected results, sending Chinese markets plummeting and keeping pressure on global markets that had already been receding for most of this trading week.