Brexit risks blew up again as reports pn Tuesday said U.K. Prime Minister Boris Johnson will amend the Brexit bill that would explicitly rule out any extension to the transition period beyond December 2020.
Meanwhile, Brexit risks flared amid, explicitly ruling out any extension to the transition period beyond December 2020. The U.K. is due to leave the EU by Jan. 31.
The British pound dropped more than 1% to $1.3188 against the dollar on Tuesday after the reports, and has since fallen further. It was last at $1.3130. "From a strategic move one could argue that this is a smart move by the PM, forcing the EU to come to the table and push for an agreement in 2020 without the option of kicking the can yet again," he wrote in a morning note.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion: Trump shakedowns are threatening two key U.S. alliances in AsiaThe administration has demanded five times as much from South Korea to support troops stationed there, and is likely to make similar demands on Japan.
Read more »
Netflix's Asia-Pacific business has biggest gains over the past three yearsStreaming giant Netflix is accelerating its growth overseas, with its Asia-Pacif...
Read more »
15 culture clashes I've had as an American traveling in Asia - Business InsiderWhile each country had its own distinct culture and customs, I experienced many culture clashes while visiting Asia.
Read more »
UK Brexit laws to be put before parliament on FridayThe laws needed to enact Britain's exit from the European Union will be put...
Read more »
Post-election Brexit hopes boost sterlingSterling rallied on Monday, moving towards last week's highs, as British Pr...
Read more »
Welcoming new lawmakers, Johnson vows a speedy BrexitWelcoming new lawmakers, UK Prime Minister Boris Johnson vows to honor his election pledges to get Brexit done as soon as possible and boost funding to the state health service
Read more »