The New Zealand dollar finally shows some strength, by pushing higher against most of its major counterparts. Brexit continues to be one of the main political issues that surrounds us today, as the talks and the disagreements continue.
THE IRISH BORDER IS STILL A HOT TOPIC, AS BREXIT TALKS CONTINUE. THE NEW ZEALAND DOLLAR GETS A BOOST FROM THE COUNTRY’S CPI NUMBERS RELEASE.
The EU and the UK negotiators met in an unscheduled meeting on Sunday to discuss the Irish boarder issue. There is less than six months left until the official “divorce” date and there is still no clear guidance on how the two sides will proceed with the Irish border. Mrs May said that the EU wants to keep Northern Ireland in the EU customs union if the UK plan is not achieved in time when the transitional arrangement ends in 2020. This is because the EU is afraid that if Britain leaves the bloc without an agreement, this could disrupt trade between them and the EU, which could have negative effects that are too difficult to predict. Mrs May has told that Northern Ireland could not be treated differently, as it is part of the UK and such measures could divide the country.
Prime Minister Theresa May has told on Monday that she hopes that the Irish border issue will not halt further Brexit negotiations, as she believes that a deal could be achieved in the upcoming weeks. European leaders are trying to find any assurance that their domestic market will be protected, and additional checks could be implemented on the future border, but without going back to the physical infrastructure of checks.
Nevertheless, the pound managed to show some gains against most of its counterparts, apart from losing the battle to the New Zealand dollar. The British pound traders will be...
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