Brexit extension anticipation back on the cards
|Scottish First Minister Nicola Sturgeon has asked the UK's PM Boris Johnson to go against his Tory party's wishes and seek a Brexit transition period extension.
It’s now imperative that PM seeks an agreement to extend the Brexit transition period. The new Covid strain - & the various implications of it - means we face a profoundly serious situation, & it demands our 100% attention. It would be unconscionable to compound it with Brexit.
— Nicola Sturgeon (@NicolaSturgeon) December 20, 2020
It’s now imperative that PM seeks an agreement to extend the Brexit transition period. The new Covid strain - & the various implications of it - means we face a profoundly serious situation, & it demands our 100% attention. It would be unconscionable to compound it with Brexit.
— Nicola Sturgeon (@NicolaSturgeon) December 20, 2020
The request comes following further delays to any agreement with the EU on a Brexit deal where yet another pencilled-in deadline has been moved.
More on the latest weekend updates below:
Brexit update: EP will not now ratify a trade deal in 2020
Brexit update: EU and UK negotiating teams remain at loggerheads
GBP/USD implications
GBP/USD: Brexit woes, new covid strain hint bear’s return near 31-month high
Cable has, as expected dropped in the open today to prior liquidity in a bearish gap which could provide opportunities on a fade on attempts to close the gap.
Before the open:
At the open:
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