Brexit extension anticipation back on the cards

Ross J Burland FXStreet

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

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:

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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