Technical Analysis

Germany’s Merkel: We don’t need to reopen the Brexit withdrawal settlement

German chancellor Angela Merkel feedback on Brexit in Tokyo

Can discuss Irish backstop in relation to textual content on future ties between UK and EUWant to do all we are able to to make sure there may be not a no-deal Brexit

As soon as once more, European lawmakers are reiterating the identical factor. We’re nonetheless but to listen to from the UK authorities on what their precise subsequent steps are. At this level, it is extra alongside the strains of going again to Brussels to request for adjustments to the backstop. And everyone knows how that might go.

Cable continues to sit down simply above 1.3050 now after slipping to a low of 1.3044 earlier. The longer this deadlock drags on with none additional clues of a deal or extension to Article 50, it’s greater than more likely to hold the pound pressured even when the latter is ultimately the extra smart choice on the finish of the day.

Merkel May

Again when occasions have been easier…

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