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EU and UK Agree on a Brexit Deal, but DUP Says it Will Not Support it

The British pound and EU equity markets rallied yesterday after the EU and the UK announced that they’ve agreed on a new Brexit deal. However, the joy did not last for long, with the currency and EU indices turning south and erasing the deal-related gains, after Northern Ireland’s DUP said it will not support the accord.

Pound Rallies on Brexit Deal, Pulls Back on DUP’s Opposition

It was all about the pound again. After another volatile session, the British currency was found lower against most of the other G10 currencies today morning. It gained only against NOK and USD, while it was found virtually unchanged against JPY. The main winners were NZD, AUD and CHF in that order.

Sterling skyrocketed during the European morning, with cable nearly hitting the psychological zone of 1.3000, after the EU and the UK managed to reach common...

Read the full financial markets daily report on JFD Research.

JFD Review

Friday, 18 Oct, 2019 / 7:21

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Source : https://www.jfdbank.com/en/research/eu-and-uk-agree-on-a-brexit-deal-but-dup-says-it-will-not-support-it-20191018

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