The Telegraph has said that Britain will tell Brussels it is prepared to stay in the customs union beyond 2021.
The pound is testing territories on the 1.35 handle:
- Britain will tell Brussels it is prepared to stay in the customs union beyond 2021.
- Ministers signed off the plans on Tuesday
- The Prime Minister's Brexit war Cabinet earlier this week agreed on a new "backstop" as a last resort to avoid a hard Irish border, having rejected earlier proposals from the European Union.
- Ministers remain deadlocked over a future deal with the EU.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD looks consolidative near 1.1580
Following an early push past the 1.1600 barrier, EUR/USD now seems to have embarked on a consolidative phase around the 1.1580 zone as the NA session draws to a close on Monday. The daily uptick in spot follows the bearish start to the week in the US Dollar amid softer regional data releases, a the wide-spread risk-on mood, and mitigating geopolitical tensions.
GBP/USD remains well bid near 1.3600
GBP/USD now attempts to consolidate its promising start to the week, hovering around the key 1.3600 zone and following the broad-based upbeat tone in the risk complex. Cable's positive price action comes in tandem with fresh selling pressure on the Greenback and easing fears on the Middle East front.
Gold slips back to daily lows, looks at $3,380
Gold keeps its offered stance on Monday, and is now drifting lower to the area of daily troughs around $3,380 per troy ounce against the backdrop of persistent risk-on sentiment and shrinking effervescence in the Middle East. Furthermore, the tepid bounce in US yields across the board also contributes to the decline in the precious metal.
Seven fundamentals for the week: Iran-Israel war, Fed to fire up tariff-troubled markets Premium
When will the Fed cut interest rates? That question competes with the Israel-Iran war and the fate of the tariffs America slaps on its peers. US retail sales and interest rate decisions in Japan and the UK keep things lively as well.
Chinese data suggests economy on track to hit 2025 growth target
China's May data was mixed with strong retail sales, but soft readings on fixed-asset investment and property price. Overall, though, data suggests that China remains on track to achieve its growth target in the first half of 2025.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.