GBP News 

British leader Boris Johnson presses ahead with Brexit

“But once the Brexit legislation has passed, negotiations between London and Brussels will begin on a new deal covering their economic and strategic relationship” writes The Associated Press for latimes.com. While the Conservatives are forging ahead with their policy platform, the defeated opposition Labor Party was licking its wounds and preparing to find a successor to leader Jeremy Corbyn, who has said he will relinquish the party leadership early next year. Source: latimes.com

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GBP News 

Bid still on, insists Chinese firm Jingye

“Liberty House, the metals business owned by UK-based steel magnate Sanjeev Gupta, has long been interested in buying British Steel but has struggled to persuade the government of the wisdom of its plans” writes Rob Davies for theguardian.com. The deal has yet to be completed nearly seven months after British Steel collapsed into liquidation and more than a month after a sale was agreed in principle with Jingye.The Chinese firm poised to buy British Steel has denied the deal is in danger of collapse, amid concern that any further delay…

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GBP News 

Corbyn ‘sounds like Bill Shorten’ following disastrous UK election loss

“Writer Corrine Barraclough says Jeremy Corbyn sounds like former opposition leader Bill Shorten, following his heavy defeat at the hands of Boris Johnson at the UK general elections” reports news.com.au. On Sunday, Mr Corbyn had addressed the disastrous election result in an article he penned in the Observer, in which he said he felt the Labour Party, ‘had won the argument’ over their opposition. Source: news.com.au

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GBP News 

Here’s where the 10-year Treasury yield is headed in 2020 as Brexit and U.S. – China trade headwinds clear away

“Neither expecting a boom nor recession, he said the benchmark yield had little reason to make outsized moves” writes Sunny Oh for marketwatch.com. Brexit is no longer a big confidence crusher, and trade is slowly going away as a worry,” said Michael Kelly, global head of multi-asset for PineBridge Investments.It’s no wonder that Rick Rieder, global chief investment officer of fixed income at BlackRock, foresees the 10-year yield hanging around 1.80%, near current levels.The three decade long bull run has frustrated speculators as inflation and growth have steadily dwindled. Source: marketwatch.com

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GBP News 

British Pound reaches 18 month high after Boris Johnson’s thumping victory

“Mr Corbyn’s manifesto included the re-nationalisation of many British industries, and a massive increase to the corporate tax rate” reports news.com.au. British investors and brokers gave an immediate endorsement to Boris Johnson’s majority with the biggest British companies adding 30 billion pounds to their value, and the Pound soaring to an 18 month high against the dollar. Source: news.com.au

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GBP News 

EU warns of post-Brexit…

“Talks about a trade deal with Britain will be a lot of trouble” writes Alex Pigman for yahoo.com. “There is no question of concluding a deal at any price,” EU Council President Charles Michel told a news conference after the talks.Brussels is also worried about the breakneck speed with which Johnson would like to strike a trade deal with Europe, as well as any British effort to undermine the unity among the remaining 27 members.Led by France and Germany, EU member states said they would pursue a swift trade deal…

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GBP News 

‘F— off’: Piers Morgan rips British celebrities for complaining about conservative win

“Piers Morgan went after British celebrities for complaining about conservatives’ and Prime Minister Boris Johnson’s landslide victory in British elections” reports washingtonexaminer.com. Grant, in the run-up to the election, called conservatives “bad people” that need “to be stopped.”. In the lead up to the election, Coogan labeled conservative voters as “ignorant and ill-informed,” saying the party needed to keep their voters that way to win. Source: washingtonexaminer.com

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GBP News Stocks 

European stocks gain after Conservative victory in U.K. election

“Stocks in Europe rallied on Friday on relief the Conservatives won the U.K. general election as well as anticipation a U.S.-China trade deal will be announced” writes European Markets Editor for marketwatch.com. Read: British stocks surge after Johnson’s Conservatives win majority The German DAX DAX, +0.50%   gained 0.54% to 13293.06 and the French CAC 40 PX1, +0.76%  rose 0.63% to 5921.16. Outside of the U.K. story, Delivery Hero DHER, +22.20%  shares jumped 22% after reaching a deal to buy South Korea’s online food delivery service Woowa for $4 billion. Source:…

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GBP News Stocks 

British stocks surge after Johnson’s Conservatives win majority

“However, news that the U.S. and China are on the verge of signing a trade agreement boosted stocks worldwide” writes European Markets Editor for marketwatch.com. Investment managers, real estate investment trusts and home builders led the way as investors flocked to stocks more exposed to the domestic economy.Home builders and banks in the U.K. rallied on Friday in relief at a commanding Conservative victory in the general election. Source: marketwatch.com

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