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UK PM Johnson Calls for Election, ECB Sticks to its Plans, Riksbank to Hike in Dec.


Yesterday, UK PM Boris Johnson called for early elections to take place on December 12th, a call on which lawmakers will vote on Monday, but with opposition parties already rejecting the idea, we see the case of Johnson’s bit winning as a hard task. In the central bank spectrum, the ECB and the Norges Bank provided little new information with regards to their future plans, while the Riksbank signaled a December hike.

UK PM Johnson Calls for Dec. Election, Parliament to Vote on Monday

The pound traded lower against all but one of the other G10 currencies on Thursday and during the Asian morning Friday. The only currency that failed to capitalize against its British counterpart was NZD, with GBP/NZD found virtually unchanged this morning.

Although a no-deal Brexit on October 31st appears to be much less likely in recent days, the riddle of how and when the UK will exit the EU remains unresolved. Yesterday, UK PM Boris Johnson called for...

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Source: https://www.jfdbank.com/en/research/uk-pm-johnson-calls-for-election-ecb-sticks-to-its-plans-riksbank-to-hike-in-dec-20191025
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