Johnson Stands Firm on Brexit

Barbara Zigah

Firm on Brexit

The Pound Sterling slipped against its US counterpart and moved off the recently struck 6-week peak as Boris Johnson doubled down on his assertions that he would not request a Brexit delay. The Prime Minister is legally required to formally request a postponement but the Johnson team is trying to find a way around it. Johnson insists the Brexit will occur on October 31st regardless of a deal.

The GBP/USD pair was trading lower at $1.2407, down 0.1481% at 11:05 am in London; the pair fell from a high of $1.24361 while the low was at $1.23917. The EUR/GBP was up at 0.8883 Pence, a gain of 0.3695% and off the earlier high of 0.88902 Pence.

EUR/USD Higher after ZEW Release

In the Eurozone, the German ZEW surveys were released earlier today for the month of September. While the current situational survey was worse than expected at -19.9 (down from -13.5), the economic sentiment survey improved to -22.5, better than the -37.0 which analysts had predicted. That in turn helped the Eurozone composite ZEW survey which also improved to -22.4, a marked improvement from t he reading of -43.6 in August. The EUR/USD was higher at $1.1016, up 0.15%.

About the Author
Barbara Zigah

After working on Wall Street, Barb began her second career as a freelance writer at Daily Forex, where the CEO recognized fresh, untapped potential and was willing to give her a try. She’s never looked back. Since then, she’s worked steadily as a freelance writer and editor in the financial services and Forex-related industry.

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