DUP: UK's Brexit deal "appalling" to many - Reuters

Joshua Gibson FXStreet

According to Reuters, a member of Ireland's DUP is speaking out against UK Prime Minister Theresa May's still-under-wraps Brexit proposal that is supposedly ready to be signed, and Sammy Wilson is cautioning that British parliament can be expected to throw plenty of wrenches in the works.

Key quotes

The Brexit deal struck by British Prime Minister Theresa May will be appalling to many people who will judge it when it comes to a vote in parliament, a lawmaker from the Northern Irish party that supports May’s government said on Wednesday.

“I think that people will be appalled at this deal. To use (May’s) own words, no deal is better than a bad deal, and I would think that the House of Commons will give their judgment on it when it eventually comes to them,” Sammy Wilson, Brexit spokesman for the Democratic Unionist Party (DUP), told the BBC.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.