|

UK PM Johnson spokesman: It is for EU to determine if there would be formal negotiations on Brexit

Commenting on political opponents attempt to block a no-deal Brexit, British Prime Minister Boris Johnson's spokesman told reporters that it would "entirely unreasonable" for lawmakers to try to bind the hands of the Prime Minister as he seeks a new Brexit deal. 

When asked is the PM is preparing for an election, the spokesman said that the PM was clear that he doesn't want an election. Meanwhile, the GBP/USD pair continues to trade near its lowest level since August 20 at 1.2077, erasing 0.65% on the day. Below are some additional remarks as reported by Reuters.

"Every government adheres to the law. Not possible to comment on pieces of legislation we have not seen yet."

"It is for the EU to determine if there would be formal negotiations on Brexit."

"The PM is working with great determination to get a deal with the EU."

"PM will meet with conservative lawmakers at a reception in Downing Street later today."

"The UK will leave the EU on October 31 whatever the circumstances."

"Will defend our position robustly in court cases on suspending parliament."

Author

Eren Sengezer

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

More from Eren Sengezer
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD rebounds after falling toward 1.1700

EUR/USD gains traction and trades above 1.1730 in the American session, looking to end the week virtually unchanged. The bullish opening in Wall Street makes it difficult for the US Dollar to preserve its recovery momentum and helps the pair rebound heading into the weekend.

GBP/USD steadies below 1.3400 as traders assess BoE policy outlook

Following Thursday's volatile session, GBP/USD moves sideways below 1.3400 on Friday. Investors reassess the Bank of England's policy oıtlook after the MPC decided to cut the interest rate by 25 bps by a slim margin. Meanwhile, the improving risk mood helps the pair hold its ground.

Gold stays below $4,350, looks to post small weekly gains

Gold struggles to gather recovery momentum and stays below $4,350 in the second half of the day on Friday, as the benchmark 10-year US Treasury bond yield edges higher. Nevertheless, the precious metal remains on track to end the week with modest gains as markets gear up for the holiday season.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

How much can one month of soft inflation change the Fed’s mind?

One month of softer inflation data is rarely enough to shift Federal Reserve policy on its own, but in a market highly sensitive to every data point, even a single reading can reshape expectations. November’s inflation report offered a welcome sign of cooling price pressures. 

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.