GBP News 

GBP/USD: Political Uncertainty & Soft Inflation Could Push-Back BoE August Hike – MUFG

“The pound was hit by weak inflation that joined political uncertainty and other issues” writes Yohay’s Google Profile for forexcrunch.com. Understandably market participants are building in a higher risk premium into the pound to reflect heightened uncertainty, and the risk premium may need to rise further heading into the year ahead.The one reassuring development for the pound is that the numbers in parliament should still favor a softer Brexit when it comes to the crunch even if the votes this week do not back up our view,” MUFG adds. Source: forexcrunch.com…

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GBP News 

British people would rather stay in the EU than accept a no-deal Brexit

“However, the prime minister could be forced into adopting one if she fails to secure agreement from parliament for her Brexit deal” writes Thomas Colson for businessinsider.com. Reuters / Hannah McKay LONDON — A new poll has found that the British public would much prefer to remain in the EU than to accept the kind of no-deal Brexit being pushed by Conservative Brexiteers. Source: businessinsider.com Share This:

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GBP News 

What the hell has just happened to Theresa May’s Brexit plans?

“The government’s decision to accept all four amendments tabled by Brexiteers meant the updated legislation contradicted the government’s Brexit policy” writes Adam Payne for businessinsider.com. Because of this a group of Brexit-supporting Conservative MPs led by Jacob Rees-Mogg — known in Westminster as the European Research Group – came up with four amendments designed to kill this particular aspect of May’s Brexit plan. Source: businessinsider.com Share This:

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GBP News 

GBP in focus with UK employment data out at 0830 GMT amid Brexit debates

“UK employment data is out this morning and this is the first of three major data releases out of the Bank of England this week” reports forexlive.com. I favor looking for a short GBP if the UK employment data comes out soft as the immedieate risk for the Brexit negotiations  in the commons are for GBP negative headlines. I want the negotiations and the Employment data to be in agreement with each other before looking to trade the GBP.There are two key factors to consider when trading the pound at…

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GBP News 

David Davis: Britain risks ‘giving up a real future’ over Brexit

“David Davis has warned that Britain risks “giving up a real future” over Brexit in his first intervention since quitting the Cabinet over Theresa May’s Chequer’s compromise” writes William Hague for telegraph.co.uk. The Brexit Secretary said that the EU is “slow and not very effective” and warned that Britain benefits the least from its current free trade with Brussels. The former Brexit Secretary urged MPs to back the customs bill and the trade bill this week, before arguing how business can operate… Source: telegraph.co.uk Share This:

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Tory Eurosceptics say they have ‘killed off’ Theresa May’s Brexit compromise after she backs down

“Theresa May has bowed to the demands of Tory Eurosceptics by accepting amendments which they believe will “kill off” the Prime Minister’s Brexit plans” writes William Hague for telegraph.co.uk. The Government confirmed that it is accepting four amendments to the Customs bill, including one which would stop the UK from collecting duties on behalf of the EU post-Brexit unless it agrees to reciprocate. Tory Eurosceptics believe that the amendment will “kill off” the Prime Minister’s Chequer’s compromise because Brussels will not be prepared to collect tariffs on behalf of the UK.…

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Theresa May could sue the European Union for not doing enough to stop no-deal Brexit chaos

“The European Union could be taken to court if it fails to minimise any disruption to trade caused by Britain having to leave without a deal, The Telegraph has learned” writes William Hague for telegraph.co.uk. This comes after Theresa May revealed over the weekend that she had been advised by Donald Trump last year to “sue the EU”, with legal experts pointing out to this newspaper that she could have picked such a legal fight over the “phasing” of the talks. The EU agreed five years ago, as a member…

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GBP Markets News 

Jetmakers see brisk start to air show as UK tries to soothe Brexit worries

“What I have said consistently is that I see the wide-body market picking up within 18-24 months” writes Midwest Communications Inc for 95kqds.com. It alternates with the Paris Airshow and collectively they account for over a quarter of industry order intake each year.But both Airbus and Boeing are under pressure to increase orders for some of their wide-body jets due to a recent slowdown in that part of the market.I think the market had to pause a little bit until we could deliver consistently and get to ramp up and…

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No deal on Brexit would be a problem for us, Leonardo chief says

“A major European defense contractor has said a ‘no-deal Brexit’ will impact its operations in the United Kingdom” writes David Reid for cnbc.com. This is very important for the U.K. and EU as well.” BAE Systems, Rolls-Royce and Leonardo Spa have teamed up to build Britain’s next generation plane, according to Reuters. Source: cnbc.com Share This:

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Theresa May ready to cave in to hardliners’ demands

“Theresa May is preparing to cave in to hardline Brexiters over amendments to the customs bill rather than allow Jacob Rees-Mogg and colleagues to stage a show of parliamentary strength” writes Jessica Elgot for theguardian.com. Scott Mann, the MP for North Cornwall, became the latest Conservative MP to resign a government post over the Chequers deal on Monday, in a rolling protest from concerned backbenchers.As the prime minister tries to sell her Chequers deal on Brexit to the public and her own backbenchers, the European Research Group (ERG) of pro-Brexit…

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