Eurogroup’s Centeno: Some uncertainties surrounding Brexit & trade have lessened
|Eurogroup’s Centeno has been reported saying that some uncertainties surrounding Brexit and trade have lessened.
What is being referred to is unclear. it was only yesterday, that a news in the Finacial Times and reported in the Independent also made for an opening bearish gap in cable at the start of Asia yesterday when focussing on comments quite to the contrary from the UK's Finance Minister, Sajid Javid, who admitted businesses will be hit by Brexit as he fired off a warning to manufacturers that "there will be no alignment" with EU rules. More on that here.
FX implications
Today, EU finance ministers of the eurozone meet on 20 January 2020, in Brussels, a presser passed although there have not been wires related to Brexit thus far. GBP is unchanged on this headline, 0.05% on the day at the time of writing, weighed by dovish Bank of England prospects.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.