It took Boris Johnson’s time-line being voted down in the Commons last night for markets to realise that an orderly exit from the EU isn’t a foregone conclusion.
So it looks like a little more progress has been made in Brexit talks and both sides are talking more optimistically by the day about being able to get an agreement. The sticking points are whether they can get a deal done in time and whether the DUP can be paid off to get it through…
Markets had high hopes for progress last week, for both Brexit talks and China-US trade negotiations… Those expecting solutions to either were setting their expectations far too high, but if you’re a glass half full sort of person you can take some positives.
Just when you thought Boris would struggle to get a deal, just about everyone that matters on the other side of the table has said the same!
Boris believes he’s got a deal that the EU should take and if they get hung up on a ‘technicality’ that is the Irish border, then it’s their fault and not his.
So today’s the day that we find out when MP’s will be returning to parliament. Will it be Mid-October, in which case the government has won the high court battle, or will judges give instruction for MP’s to be back in the chamber as early as this week – if that’s the case Boris’ prorogation will have
So we seem to be – for now – at a point where the legislation to block a no-deal will pass through the Lords by Friday and the call for a snap election by Boris has failed. He could yet get an election, by trying to legislate for it as it would only need a
It’s still quiet out there and the news flow is still pretty limited.
Well the bad news is that summer is nearly over. the good news is that summer is nearly over.
It looks like the move lower in the Pound is done for now, as for the last few days the bickering over what can and can’t be done to stop a no-deal Brexit has made little further impact on Sterling. That said, we ‘re sitting at an uncomfortably low level and there is the odd
It’s taken a while, but markets looked to have stabilized a little yesterday and Asia has been on the buyback overnight, with markets clawing back between half and one percent. The ‘good’ news that lifted China is that they’re looking at policies and measures to offset the trade war and stabilize foreign trade – Much
The rhetoric turned strongly towards a no-deal over the weekend, with Michael Gove saying that this is the outcome now being assumed by the government (you know what they say about assume, Michael?) The market has taken his words to heart and Sterling is firmly back on the ropes and the Boris boost that it did
Boris’ honeymoon period has lasted 48 hours and now it’s back to people asking the serious question ‘how are you going to get a deal across the line?’ and expecting more of a serious answer than ‘by ripping up the backstop’
Both Boris and Jeremy might be making a rod for their own back (or ours) as they’ve said they’re not going to accept a Northern Irish backstop as part of their negotiations. This was the biggest sticking point of the last deal for both sides, so whereas getting a deal across the line in the UK without a
Where to start with the UK government…
The nomination of Christine Lagarde for head of the ECB got the market in a stir yesterday, with investors getting their bets in early that she’ll open the easy-money taps again.
We should start with The Donald, who has made history by becoming the first US president to set foot in North Korea
The deadline for entries into the Tory leadership race is this evening, though we don’t think we’re getting any last minute contenders. The favourites have started setting out their stalls, with Boris promising tax cuts for a few million people by raising the 40% threshold from £50k to £80k call us cynical, but we’d imagine
We went into the weekend with a strengthening dollar, as investors try and call bull on the Fed’s plans for a rate cut…
Well, it seems to be just a matter of time – but hours and minutes, not days and weeks. The pressure exerted upon the PM is unrelenting and seemingly from all sides, as her deal was trashed by Labour in PMQ’s yesterday, Andrea Leadsom quit as leader of the Commons and sir Graham Brady is
Trump’s tariff increases have gone into effect overnight, putting another dampener on any hopes of there being a trade deal done any time soon.heading text goes here