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28 Aug 2019

UK's Corbyn: Will attempt legislation next week to block PM Johnson's suspension plan

According to the Guardian newspaper, British opposition Labour Party leader Jeremy Corbyn asked to meet Queen Elizabeth to voice his concerns over Prime Minister Boris Johnson's intention to suspend parliament longer than normal to prevent it from blocking a no-deal Brexit.

Additional headlines crossing the wires suggest that Corbyn will attempt legislation next week to block PM Johnson's suspension plan. "We will then bring a no-confidence vote at some point," Corbyn said. "Boris Johnson needs to be held to account by parliament."

These comments failed to help the British pound recover its losses and the GBP/USD pair is now losing 0.7% on the day at 1.2200.

Aug 28, 2019

White House's Short: Optimistic about China deal

In an interview with Fox Business, White House Director of Legislative Affairs, Marc Short, said that he was optimistic about a trade deal with China

UK: End-October Brexit deal is now more likely – TD Securities

James Rossiter , head of global macro strategy at TD Securities, notes that the UK Prime Minister Boris Johnson has requested that Parliament be proro