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Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by BrandSpurNG: 1:20pm On Mar 19, 2019 |
The pound fell towards $1.32 on Monday as Prime Minister Theresa May tried to salvage her Brexit deal by winning over doubtful lawmakers with threats and promises to avoid any move to oust her. May is expected to hold a third vote on her Brexit deal on Tuesday or Wednesday, after it was heavily defeated twice in rebellions by Eurosceptic Conservative lawmakers and by members of Northern Ireland’s Democratic Unionist party. If it is approved, she will ask the European Union for a short extension to the March 29 exit date to get everything in place for Brexit. If it doesn’t pass, there is already talk of a fourth vote, though May could have to ask for a longer extension. She suffered a further setback on Monday when Boris Johnson, the pro-Brexit former foreign secretary, refused to back her agreement unless she secured changes to the Irish backstop — designed to prevent a hard border on the island of Ireland. Another Brexit-supporting British lawmaker said a “lot of people” in parliament still remained opposed to May’s European Union withdrawal deal. Analysts, however, said the pound could enjoy gains this week. “Should May hold another vote tomorrow that would constitute a signal that she considers it possible that her deal will be accepted,” said Ulrich Leuchtmann, a currency strategist at Commerzbank. “It should no doubt have a moderately positive effect on the British currency,” he added. Sterling traders are bracing for further volatility as May tries to convince lawmakers to back her deal so that she can attend a European Summit on Thursday and offer leaders something in return for more time. The Bank of England is expected to leave its interest rate outlook unchanged at a policy meeting on Thursday due to the deep uncertainty over Brexit. Money markets currently price in around a 40 percent chance of a rate rise in December. The pound was down 0.4 percent at $1.3245. It was also weaker against the euro, down half a percent at 85.62 pence. Last week the currency swung wildly, trading between $1.2945 and $1.3380. It has struggled to hold onto last week’s gains as traders contemplate the array of Brexit possibilities that have opened up including a second referendum or general election. Options markets show implied sterling volatility — a gauge of expected swings in a currency — still elevated, with one-week vols near multi-month highs. Sterling vol is higher than G10 as well as many emerging currency peers. “With sterling one-week implied volatility suggesting the currency is coiled like a spring, there is a path for a substantial upside break-out – were a benign path of Brexit events to unfold,” said Chris Turner, head of foreign exchange strategy at ING in London. SOURCE: https://brandspurng.com/2019/03/19/pound-falls-as-lawmakers-challenge-mays-brexit-deal-before-crucial-vote/
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Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by mytime24(f): 1:26pm On Mar 19, 2019 |
Them neva chi sham chi 10 Likes 2 Shares |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by saydfact(m): 1:26pm On Mar 19, 2019 |
NO COMMENT - was here for the FTC but lost out to the beautiful lady above me.. see my signature 1 Like |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Olucheye(m): 1:26pm On Mar 19, 2019 |
Interesting |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Foodforthought: 1:27pm On Mar 19, 2019 |
I don't see how Brexit helps the UK. Some people can pursue some kind irrelevant things ehn. Anyway when will it fall to 1 naira per pound? 7 Likes |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Amuocha: 1:27pm On Mar 19, 2019 |
N1 - GBP1 or nothing 4 Likes |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by agylistic77: 1:27pm On Mar 19, 2019 |
Just like how biafra currency crashed Brafraexit want restructuring 3 Likes |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Baawaa(m): 1:28pm On Mar 19, 2019 |
We don't see the falling here 1 Like |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by bettercreature(m): 1:28pm On Mar 19, 2019 |
BREXIT is not going to happen They know the implication 2 Likes |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Ebimor96: 1:28pm On Mar 19, 2019 |
Amuocha:Are you a BUHARIDEEN?
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Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Trustee1: 1:28pm On Mar 19, 2019 |
Power of a Woman. Black women needs to stand up in politics. 2 Likes |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Mysociallife: 1:28pm On Mar 19, 2019 |
Hh |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by IamPatriotic(m): 1:28pm On Mar 19, 2019 |
Can't they just call for another referendum in which they will vote to remain with EU? 10 Likes 1 Share |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by computermouse(m): 1:29pm On Mar 19, 2019 |
BrandSpurNG: It's going down |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by twerkjack: 1:30pm On Mar 19, 2019 |
Nigerian women come and see ur fellow woman leading one of the most powerful nations........ y’all be there fasting and praying for husband I’m outta here 8 Likes 1 Share |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by jericco1(m): 1:30pm On Mar 19, 2019 |
how much is 1 worth in naira? |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by OgbeniOptional(m): 1:30pm On Mar 19, 2019 |
Amuocha: Dreamer |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by micah04: 1:31pm On Mar 19, 2019 |
I bet some people here do not know the meaning of Brexit..Especially the first three people that commented.. 3 Likes |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Nobody: 1:31pm On Mar 19, 2019 |
non of my business.... 1 Like |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Foodforthought: 1:32pm On Mar 19, 2019 |
Trustee1:Why make this a gender issue ? You people make me sick. So if any person questions the policies of a female leader, that makes them sexist? 4 Likes |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Xisnin(m): 1:32pm On Mar 19, 2019 |
hmm |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by aragon4realz(m): 1:34pm On Mar 19, 2019 |
there is no way a cow can loose weight to a point you can compare it to a goat 1 Like |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by uuzba(m): 1:36pm On Mar 19, 2019 |
Amuocha:You can only achieve that by manufacturing and exporting and doing without imported goods. ...goods like, pant, phone, toothpick, card reader machines, Dangote trucks, Chinese Trains. Just look around. You're surrounded by imported goods. If you need them, manufacture them. THEN, N1 = £1 12 Likes |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by slivertongue: 1:38pm On Mar 19, 2019 |
TEMPORARY GOODNEWS |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Aooux(m): 1:46pm On Mar 19, 2019 |
sa
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Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Nobody: 1:49pm On Mar 19, 2019 |
Foodforthought:They are eyeing trade relations with the US, middle East, Asia coutries as well as china which will be disloyalty and rebel move if they stay put in the EU hence the reason for Brexit but they forgot spreading thier tentacles would one day come back to hunt them territorialy, especially when they making rash decisions for Brexit and forgetting you have smaller countries whom are still under you isnt supporting your economic idealogy and thier border remains open which ofcourse your country can be accessible anytime regardless of the Brexit deal. 3 Likes 1 Share |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Martinez39(m): 1:52pm On Mar 19, 2019 |
IamPatriotic:No they can't. David Cameron announced that the brexit referendum was going to be once and for all. They've had the first referendum, the people have spoken and they have to accept the result of a democratic election. The remain campaign thought they were going to win but on losing they suddenly realised that brexiters were "uneducated," "uninformed," "misinformed," "lied to" etc. and therefore, according to them, the election results should no be cancelled and their should be a second referendum. Some even said that the election shouldn't have taken place, why didn't they say that before the election. It seems the left loves democracy until they don't get the result they want. 8 Likes 1 Share |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by introvertme: 1:54pm On Mar 19, 2019 |
Foodforthought: The E.U literally has chains on them,they gain nothing by remaining in the E.U. The immigration crisis is one of the major reasons for brexit EU rules require the UK to admit all EU citizens who wants to move to Britain, whether or not they have good job prospects or English skills. "Leave" advocates argue that the UK should be focused on admitting immigrants who will bring valuable skills to the country and integrate well into British culture. 4 Likes |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by Muscomide: 2:10pm On Mar 19, 2019 |
twerkjack: Guy, your bad mouth nor be here. You yarn correct though. 1 Like |
Re: Pound Falls As Lawmakers Challenge May’s Brexit Deal Before Crucial Vote by KaptainAfrika: 2:21pm On Mar 19, 2019 |
The UK must heed the will of its people and leave the EU, any other thing short of it, would be the death of democracy in the UK. Who send una to do referendum. 3 Likes |
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