UK’s Raab: ‘We are turbo-charging no-deal Brexit preparations’

Dhwani Mehta FXStreet

The UK Foreign Secretary Dominic Raab is on the wires now, via Reuters, noting that they are preparing for a no-deal Brexit outcome.

Key Headlines:

We are turbo-charging no-deal Brexit preparations.

The backstop must go.

There will be a daily government committee looking at no-deal Brexit planning.

4 billion pounds has already been allocated for leaving the EU and Finance Minister will set out further funds.

The Cable remains pressured near over two-year lows of 1.2362, as the UK sets the stage for a no-deal Brexit. Over the weekend, the UK’s Gove said that "we must operate on the assumption that they will not".

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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