Capstone Online CFD Trading:The British Parliament resumes its meeting on Tuesday.

 

2020-01-08 13:48      from:CAPSTONE    author:Jack

Capstone Online CFD Trading:For the British Parliament, the Brexit bill will have to be revisited in the new year. MPs will resume on January 7 to debate the UK Prime Minister Boris Johnson's Brexit agreement with the European Union. The bill, which will be tabled in the House of Lords on Thursday, should allow Johnson to deliver on his promise to “finish Brexit” by January 31.

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But the no-deal Brexit concerns that weighed on the British market in 2019 have not yet dissipated, and the pound has fallen from a December high above $ 1.35 to below 1.31. Once parliament approves the agreement, Britain will begin negotiations with the EU on future trade relations. If the two sides fail to reach an agreement before the end of 2020, there may still be a result of a no-deal Brexit.
 
But given that Brexit will go further by the end of the month, the pound ’s response to economic data may exceed last year. The survey predicts that the final value of the UK services purchasing managers index (PMI) for December will rise slightly, but it will still be in a contraction range below 50. With Brexit's outlook slightly clearer, house price data released on Wednesday will also provide clues about Britons' willingness to buy a home.


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