Brexit talks drag on as key UK PM Johnson ally threatens hold-out – Bloomberg

Anil Panchal FXStreet

Ahead of the European session opening on Wednesday, the Bloomberg ran a story confirming that the Brexit talks will continue on Wednesday, citing EU sources, mainly due to the non-confirmation of support by the Democratic Unionist Party (DUP). It also confirms the talks dragged into late-night on Tuesday but failed to offer any final solution.

The news report mentions that getting a Brexit deal from the European Union (EU) is easy for the United Kingdom’s (UK) Prime Minister (PM) Boris Johnson but he insists getting support from DUP in order to get it through the Parliament at home.

The story also quotes the DUP leader Arlene Foster after she spoke with the UK PM for 90 minutes while saying that it would be fair to indicate gaps remain and further work is required.

FX implications

While no major reaction to the news could be witnessed, it depicts the uncertainty surrounding the key issue for the UK and the EU that will dominate the GBP/USD pair today. The quote seesaws near 1.2750 by the press time.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD rises toward 1.1650 as EU pushes back on Trump’s tariff threat

EUR/USD gathers bullish momentum and climbs toward 1.1650 on Monday. The US Dollar faces some selling pressure against the Euro after US President Donald Trump threatened escalating tariffs on eight European nations that have opposed his plan to take Greenland. US stock and bond markets will remain closed in observance of Martin Luther King Jr. Day.

GBP/USD climbs above 1.3400 on broad USD weakness

GBP/USD gains traction following a bearish opening to the week and trades above 1.3400 on Monday. The US Dollar weakens against the Pound Sterling as markets react to US President Donald Trump's latest tariff threats against Europe over ‌Greenland.

Gold hits record-high on Trump's tariff threats, geopolitical risks

Gold catches aggressive bids at the start of a new week and jumps to the $4,700 neighborhood, setting a new record-high in the process. US President Donald Trump's threat to impose tariffs on eight European countries that opposed his plan to acquire Greenland causes markets to adopt a cautious stance, boosting XAU/USD.

Dogecoin, Shiba Inu, Pepe in a freefall, echoing Bitcoin’s drop

Meme coins, such as Dogecoin, Shiba Inu, and Pepe, extend the decline from last week, with a roughly 3% drop on Monday. The meme coins trade below the crucial moving averages, aiming for the immediate support to potentially reset the momentum.

When tariffs become ammunition and capital becomes the battlefield

Markets opened the week like a risk engine hitting a pothole at speed. Equities stepped back, gold vaulted to fresh highs, Treasuries caught a bid, and the dollar, outside of havens, took on a soft bid. This was not a data-driven wobble or a valuation purge.