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UK agrees on BoJo deal, but refuses to hurry up. Snap, Tesla, Microsoft in focus.


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British policymakers have finally agreed on a Brexit deal, as Boris Johnsons plan saw the first ever majority in the House of Commons. But policymakers refused to hurry up to turn the withdrawal agreement into law before the October 31st deadline. As a result, the Brexit will likely be delayed, again. But this time, investors can see the light at the end of the tunnel. EUs Donald Tusk recommended that the UK is given the time it needs to sort its internal issues out to finalize the divorce. The only question is how Boris Johnson will spend the next three months. There are rising talks of an early general election in the UK.

The pound fell as investors, who had bought the rumour that BoJos Brexit deal would pass through Parliament, sold the fact.

Read the full LCG article

https://www.lcg.com/int/analysis-education/market-reports/articles/uk-agrees-on-bojo-s-deal-but-refuses-to-hurry-up-snap-tesla-microsoft-in-focus/

Opening calls

FTSE to open 8 points lower at 7204

DAX to open 80 points higher at 12675



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About the author


Ipek Ozkardeskaya is a senior analyst at MBAex with a solid experience in the financial industry. She has strong technical background in economics and quantitative finance. Previously, she worked as a senior market analyst in London Capital Group, FX strategist in Swissquote Bank and as a client sales executive at HSBC Private Bank in Geneva. She also developed quantitative models in automatic trading as part of BCV’s Structured Products team. Ipek has a Master’s degree in Financial Engineering & Risk Management and a Bachelor degree in Economics from University of Lausanne.
 
Contributing  author since 11/09/2017

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