UK PM candidate Johnson: I don't aim for no-deal, I don't want no-deal as an outcome

Boris Johnson, one of the candidates to succeed British Prime Minister Theresa May, crossed the wires in the last minutes reiterating that he is not aiming for a no-deal Brexit and doesn't want it as the final outcome. None of Johnson's remarks had an impact on the British pound's market valuation. Below are some key quotes as reported by Reuters.

  • People will try to find a moment when they've forced me into a gaffe or an error.
  • If his comments get people's attention that is not a bad thing.
  • I don't want to leave with WTO solution.
  • Prophecies of disastrous no-deal Brexit are not accurate.
  • Perfectly realistic to get deal by October 31.
  • Absolutely crucial to prepare for no-deal.
  • Problems of Irish backstop can be solved by having checks away from the border.
  • There are ways of doing this that do not require a hard border in Ireland.
  • I accept the EU will say we can't accept that about Irish border proposal.
  • If we have to get out on no-deal terms then it is our responsibility to prepare for it.
  • By preparing for it, we will prevent a no-deal Brexit.
  • Would be bizarre to signal that UK government would run up the white flag and delay again.

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: positive mood could prevent the collapse

The shared currency has remained under selling pressure on Friday, amid mounting speculation the ECB will announce a larger-than-anticipated stimulus package next September. EUR/USD capped by a Fibonacci resistance at 1.1110, yearly low at risk.


GBP/USD: economic disruption on a no-deal Brexit to weigh on Sterling

The GBP/USD pair has closed the week with gains, a handful of pips below the 1.2150 level. The Pound advanced for a third consecutive day, helped by some headlines indicating that Jeremy Corbyn, has been in talks with the Scottish National Party.


USD/JPY: short-term advance to be capped by long-term jitters

The USD/JPY has recovered some ground these last few days, to close the week at 106.35. Still, it posted a lower low and a lower high when compared to the previous week, as the Yen benefited from its safe-haven condition on mounting concerns about a US recession. 


Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more